Blockchange Management LLC
Institutional venture firm, reporting $822M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
2 additional team members, 24 additional investments, funds and LPs, 23 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companynew in 12 months
1 new company in the last 12 months. Latest round Cycles round ($6.4M round, led) on 21 May 2026.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
30 connected entities1 observed roundrounds 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Blockchange Management LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Blockchange Management LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Cycles | Funding round | lead | Rob Schmults (confirmed) | $6.4M | unknown | May 21, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- enterprise software, space, crypto
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
5 current, 1 departed
Decision makers
Who else at this firm · 2 people, grouped by function
- Janice Chan · Chief Financial Officer And Chief Compliance OfficerWhy this person: Chief Financial Officer And Chief Compliance Officer at the firm
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member
- Chief Financial Officer And Chief Compliance Officer
- Chief Legal Officer
1 departed (kept with end dates)
- Nicole Kule Seiff · Member · Jan 1, 2018 to Mar 28, 2024 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
19 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| The Blockchange Fund, LP (series 6) | Fund | 2024 adv first reported | Early deployment | $128M Mar 30, 2026 | 173 | $0 | Jul 6, 2023 |
| Blockchange Ventures III, LP (series 5) | Fund | 2023 adv first reported | Active deployment | $71.2M Mar 30, 2026 | 209 | $0 | Jan 3, 2023 |
| Blockchange Ventures III, LP (series 4) | Fund | 2023 adv first reported | Active deployment | $69.0M Mar 30, 2026 | 201 | $0 | Jul 26, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Poses Family Foundation | FOUNDATION | Blockchange Ventures III, LP | $9.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| A Alfred Taubman Foundation | FOUNDATION | Blockchange Ventures III, LP | $603,140 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Psquared Charitable Foundation | FOUNDATION | BLOCKCHANGE VENTURES III LP S7 at Blockchange Management LLC | $85,920 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
3 co-investors · on 2 other DFX graphs
Co-investors
- 2026-05-211 shared deal · one time · this firm led 1
- 2026-05-211 shared deal · one time · this firm led 1
- 2026-05-211 shared deal · one time · this firm led 1
Across DFX and the capital chainon 2 other DFX graphs · 4 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Blockchange Management LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Blockchange Management LLC sits on 4 traced paths of capital across the graphs.
DFX traced 4 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
28 dated events, 86 observations from 4 sources
Timeline
- Mar 30, 2026The Blockchange Fund, LP (series 8) first reported on Form ADV by Blockchange Management LLC (Venture Capital Fund), GAV $31,549,556
- Mar 30, 2026SOL Holdco LLC first reported on Form ADV by Blockchange Management LLC (Venture Capital Fund), GAV $69,857,315
- Mar 30, 2026Blockchange Fund Parallel Investments (2025), L.P. first reported on Form ADV by Blockchange Management LLC (Venture Capital Fund), GAV $3,126,214Fund first reported on Form ADVFundsInferenceBlockchange Fund Parallel Investments (2025), L.P.Form ADV
- Mar 30, 2026Blockchange Fund, L.P. (series '25) first reported on Form ADV by Blockchange Management LLC (Venture Capital Fund), GAV $97,493,024
- Mar 30, 2026The Blockchange Fund, LP (series 7) first reported on Form ADV by Blockchange Management LLC (Venture Capital Fund), GAV $67,209,015
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 19 private fundsShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknownadviserinfo.sec.gov
- Website
- blockchange.vc
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 19 (19 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $923Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $898Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 12
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $844M across 19 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $1.1B across 15 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-03-31 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2018-03-31 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 30, 2026 | Fact | Form ADV |
| SEC status effective | 2021-07-30 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Employees | 12 | Mar 30, 2026 | Fact | Form ADV |
| Employees | 9 | Mar 28, 2024 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 19 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 19 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $923M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $923M | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.1B | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $898M | Mar 30, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $1.1B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 30, 2026 | Fact | Form ADV |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 29, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 28, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 27, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 26, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 25, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 24, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 23, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 22, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 21, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 20, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 19, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 18, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 17, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, space, crypto “sector words on the home page” | Sep 15, 2026 | Fact | |
| Venture funds reported | 19 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 19 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 15 | Mar 28, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 30, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 29, 2026 | Fact | ||
| Site title | Sep 28, 2026 | Fact | ||
| Site title | Sep 27, 2026 | Fact | ||
| Site title | Sep 26, 2026 | Fact | ||
| Site title | Sep 25, 2026 | Fact | ||
| Site title | Sep 24, 2026 | Fact | ||
| Site title | Sep 23, 2026 | Fact | ||
| Site title | Sep 22, 2026 | Fact | ||
| Site title | Sep 21, 2026 | Fact | ||
| Site title | Sep 20, 2026 | Fact | ||
| Site title | Sep 19, 2026 | Fact | ||
| Site title | Sep 18, 2026 | Fact | ||
| Site title | Sep 17, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShowHide
Venture manager, reported GAV $844M across 19 vehicles
- importance
- gav: 0.58 · funds: 1 · people: 0.2 · investments: 0 · co investors: 0.19
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-05-21
- emerging manager
- fund count: 21 · reported gav: $822M · first adv filing: 2018-03-31 · years since first filing: 8.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2018-03-31source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.