DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Breakers Venture Management, LLC
Breakers Venture Management, LLC
First building. Then backing.
name or self-description says seed
Importance
3
low
Active deployment
29
moderate
Emerging
70
high
Completeness
63
high
Freshness
100
high
Research priority
25
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 262-751-1056adviserinfo.sec.gov
- Website
- https://www.breakers.vc
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 12, 2024
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 262-751-1056adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech, healthcare, energy, logistics, industrial
- Stages
- not stated or not yet read
- Geography
- canada, midwest, texas
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Breakers Venture Capital Fund I, LP | Fund | 2024 form d first sale | Early deployment | $970,000 Apr 12, 2024 | 16 | $8.2M of $20.0M | Feb 14, 2025 |
| Breakers Venture Capital Fund I-A, LP | Feeder or parallel | 2024 form d first sale | Early deployment | $415,000 Apr 12, 2024 | 9 | $8.2M of $20.0M | Feb 14, 2025 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
1 current, 0 departed
Annie Luchsinger
Managing partnerManaging Member And Chief Compliance Officer · since Apr 1, 2023
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Proaction | Funding round | participant | unknown | $4.2M | unknown | Jul 15, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
3 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
- Sep 15, 2026Breakers Venture Management, LLC: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Apr 12, 2024Breakers Venture Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 12, 2024Breakers Venture Capital Fund I, LP first reported on Form ADV by Breakers Venture Management, LLC (Venture Capital Fund), GAV $970,000Fund first reported on Form ADVFundsFactBreakers Venture Capital Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 12, 2024Breakers Venture Capital Fund I-A, LP first reported on Form ADV by Breakers Venture Management, LLC (Venture Capital Fund), GAV $415,000Fund first reported on Form ADVFundsFactBreakers Venture Capital Fund I-A, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $1.4M across 2 vehicles
Evidence
23 observations from 2 sources