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 / Notation Capital Management, LLC
Notation Capital Management, LLC
venture manager, reported GAV $202M across 7 vehicles
Importance
48
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
17
moderate
Identity and regulatory footprint
- Headquarters
- Brooklyn, NYadviserinfo.sec.gov
- Office address
- 242 WYTHE AVE #8, Brooklyn, NY, 11249adviserinfo.sec.gov
- Business phone
- 7042498001adviserinfo.sec.gov
- Website
- https://notation.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
- Mar 24, 2026
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $186Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- hello@notation.vcnotation.vcpublished by the subject
- business phone
- 7042498001adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
64 observed deals
Stated (the firm’s website)
- Sectors
- deep tech
- Stages
- pre seed, seed
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 98%Other 2%
lead rate 0%follow-on rate 0%new logos, 12 months 64
Funds and vehicles
7 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Notation Capital II, LP | Fund | unknown | Unknown | $135M Mar 5, 2024 | 13 | $0 of $25.0M | Mar 6, 2017 |
| Notation Capital III, LP | Fund | unknown | Unknown | $41.9M Mar 5, 2024 | 16 | $0 of $35.0M | Mar 18, 2020 |
| Notation Capital, LP | Fund | unknown | Unknown | $18.2M Mar 5, 2024 | 46 | $0 of $6.0M | Nov 21, 2014 |
| Notation Capital Ii-A, LP | Feeder or parallel | unknown | Unknown | $4.7M Mar 5, 2024 | 45 | $0 of $5.0M | Mar 16, 2017 |
| Notation Capital II Circ, LLC | Fund | unknown | Unknown | $1.5M Mar 5, 2024 | 4 | unknown | unknown |
| Notation Spv I, LLC | SPV or co-invest vehicle | unknown | Unknown | $493,580 Mar 5, 2024 | 4 | unknown | unknown |
| Notation Capital I Spruce, LLC | Fund | unknown | Unknown | $124,210 Mar 5, 2024 | 4 | unknown | unknown |
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
71 current, 0 departed
Sara Levinson
Board or advisoryEntrepreneur & Board Member
Alex Chung
Founder or executiveFounder & CEO,
Alex Rosen
Founder or executiveCo-founder,
Alexandre Winter
Founder or executiveCo-founder & CEO,
Amanda Peyton
Founder or executiveCo-founder & CEO,
Andres Blank
Founder or executiveCo-founder & CEO, Fetcher
Andrew Hapke
Founder or executiveCoach & Founder, Andrew Hapke Coaching
Andrew Weisgall
Founder or executiveCo-founder,
Avi Karnani
Founder or executiveCo-founder & CEO,
Benjamin Tossell
Founder or executiveFounder & CEO,
Cameron Koczon
Founder or executiveCo-founder,
Daniel Scrivner
Founder or executiveFounder,
Danny Aranda
Founder or executiveCo-founder & Contributor, PartyDAO
David Shen
Founder or executiveLife Coach & Founder, CoachDShen
David Zohrob
Founder or executiveCo-founder & CEO, Chartable
Doug Petkanics
Founder or executiveFounder & CEO, Livepeer
Gerry Laybourne
Founder or executiveCo-founder,
Henri Stern
Founder or executiveCo-Founder & CEO,
Hilary Mason
Founder or executiveCo-founder, Hidden Door
Idan Cohen
Founder or executiveCo-founder & CEO,
Isaac Oates
Founder or executiveFounder & CEO,
Jessica Davidoff
Founder or executiveFounder & CEO,
Josh Miller
Founder or executiveCo-founder & CEO,
Meshal Lakhani
Founder or executiveFounder & Creator, Lola Media
Michael Rothman
Founder or executiveCo-founder & CEO,
Naval Ravikant
Founder or executiveFounder & CEO,
Nick Barr
Founder or executiveCo-founder, Hello World
Nick Michlewicz
Founder or executiveFounder,
Paul Barnes-Hoggett
Founder or executiveCo-founder & CTO,
Pedro Torres-Mackie
Founder or executiveFounder,
Sam Huleatt
Founder or executiveCo-founder,
Shan-Lyn Ma
Founder or executiveCo-founder & CEO,
Zach Aarons
Founder or executiveCo-founder,
Chad Byers
General partnerCo-founder & General Partner,
Jenny Fielding
General partnerGeneral Partner, The Fund
Jonathan Abrams
General partnerGo-founder & General Partner, 8-Bit Capital
Alex Lines
Managing partnerManaging Member · since Nov 1, 2014
Dan Teran
Managing partnerCo-Founder & Managing Partner, Gutter Capital
Nicholas B Chirls
Managing partnerManaging Member · since Nov 1, 2014
Oliver Clasen
Managing partnerFounding Partner, Angel Invest
Aaron Henshaw
OtherHead of Eng., Coinbase Cloud
Jonah Van Bourg
OtherGlobal Head of Trading, Cumberland
Kyle Warren
OtherHead of UI Development, Sense
Mackenzie Regent
OtherAccolade seeks to bring thoughtful portfolio construction and independent thinking to venture investing.
Andy Weissman
PartnerPartner,
Angel Investor
PartnerFmr. Product Manager, Figma
Brett Jackson
PartnerFounder & Managing Director,
David Tisch
PartnerManaging Director,
Denmark West
PartnerPartner,
Gillian Munson
PartnerPartner,
Joe West
PartnerPartner, Radian Capital
Katherine O'Neil
PartnerPartner,
Keshal Patel
PartnerPortfolio Manager, Bracebridge Capital
Kristina Budelis
PartnerSr. Product Manager, The New York Times
Maurice Werdegar
PartnerPartner & CEO, Western Technology Investment
Michael Carusillo
PartnerPartner,
Paul Murphy
PartnerPartner,
Abigail Besdin
Platform and operationsFormer VP of Content,
Adam Schwartz
Platform and operationsCo-founder & COO,
Andrew Bryk
Platform and operationsCo-founder, President, & COO,
Brian Donohue
Platform and operationsEngineering Director & NYC Site Lead, DoorDash
Diana Shkolnikov
Platform and operationsSr. Engineering Manager, Snap, Inc.
Geoff Teehan
Platform and operationsProduct Design Director,
Jon Lax
Platform and operationsProduct Design Director,
Josh Mohrer
Platform and operationsHead of Global Operations, Levels
Julian Gutman
Platform and operationsChief Product Officer, Patreon
Maya Mukhopadhaya
Platform and operationsFreelance Strategist and Design Researcher, Maya Mukhopadhaya
Nobu Nakaguchi
Platform and operationsCo-founder & Design Officer,
Randy Meech
Platform and operationsDirector of Engineering, Snap Maps
Tida Tep
Platform and operationsIndependent Designer & Art Director
Ricky Engelberg
Vice presidentVP Brand + Digital Media,
Investments on record
64 edges, 64 companies, 0 partner-attributed
“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
40 relationships from shared deals, counted for the whole firm
CNK Equity Partners I, LLC 5 shared · strongElectric Capital Partners, LLC 4 shared · strongA.capital Ventures 2 shared · recurringV1 Vc, LLC 2 shared · recurringCollab+currency Management, LLC 2 shared · recurringElementum Ventures, LLC 2 shared · recurringZelkova Management, LLC 2 shared · recurringSamsung 1 shared · one timeSamsung Ventures 1 shared · one timeSupabase 1 shared · one timePA Capital Management LLC 1 shared · one timeFJ Labs 1 shared · one timeBase Venture Management, Inc. 1 shared · one timeTIA Ventures Management, LLC 1 shared · one timePioneer Square Investment Advisor, LLC 1 shared · one timeAmoon Ventures Y.SH. Ltd. 1 shared · one timePascal Capital, L.L.C. 1 shared · one timeTA Associates 1 shared · one timeONE Way Ventures Management Pbc, Inc. 1 shared · one time6th Man Ventures, LLC 1 shared · one timeScytale Ventures Cayman LLC 1 shared · one timeAmplify Partners 1 shared · one timeAirborne Vc, LLC 1 shared · one timeRaptor Capital Management LP 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeParade Route LLC 1 shared · one timeCorazon Group LLC 1 shared · one timeStory Ventures 1 shared · one timeValor Growth Management LLC 1 shared · one timeCollaborative Fund Management LLC 1 shared · one timeAccel 1 shared · one timeCompound Advisors, LLC 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeWireframe Management, LLC 1 shared · one timeWeatherford Capital Management 1 shared · one timeInstitutional Venture 1 shared · one timeMillennium Technology Value Partners 1 shared · one timeMaple VC 1 shared · one timeConstruct Capital Management, LLC 1 shared · one timePathbreaker Ventures II, LLC 1 shared · one time
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
8 dated events
- Oct 3, 2023Notation Capital 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)
- Oct 3, 2023Notation Capital I Spruce, LLC first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $1,025,000Fund first reported on Form ADVFundsFactNotation Capital I Spruce, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Capital II, LP first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $26,767,677Fund first reported on Form ADVFundsFactNotation Capital II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Spv I, LLC first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $525,000Fund first reported on Form ADVFundsFactNotation Spv I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Capital, LP first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $17,553,823Fund first reported on Form ADVFundsFactNotation Capital, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Capital III, LP first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $45,075,758Fund first reported on Form ADVFundsFactNotation Capital III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Capital II Circ, LLC first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $1,525,000Fund first reported on Form ADVFundsFactNotation Capital II Circ, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 3, 2023Notation Capital Ii-A, LP first reported on Form ADV by Notation Capital Management, LLC (Venture Capital Fund), GAV $990,909Fund first reported on Form ADVFundsFactNotation Capital Ii-A, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $202M across 7 vehicles
Evidence
43 observations from 3 sources