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 / Eight Roads GP
Eight Roads GP
Eight Roads has a 50+ year history of investing and partners with game-changing technology and healthcare companies, supporting them as they scale to become global leaders.
venture manager, reported GAV $4,116M across 19 vehicles
Importance
55
elevated
Active deployment
29
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
16
moderate
Identity and regulatory footprint
- Headquarters
- Pembroke, Hamilton, Bermudaadviserinfo.sec.gov
- Office address
- PEMBROKE HALL, 42 CROW LANE, Pembroke, Hamilton, HM 19adviserinfo.sec.gov
- Business phone
- 1-441-295-0665adviserinfo.sec.gov
- Website
- https://www.eightroads.com
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 29, 2024
- Private funds reported
- 23 (23 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $4.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Eight Roads Shareholdings Limited (Shareholder (Class B Common Stock)), D; Eight Roads Holdings Limited (Sole Shareholder), E; Eight Roads GP Asia Limited (Sole Shareholder), E; Pandanus Associates, Inc. (General Partner), F; Pandanus Partners, L.P. (Shareholder (Class B Common Stock)), C
- business email
- press@eightroads.comeightroads.compublished by the subject
- business phone
- 1-441-295-0665adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- fintech
- Stages
- not stated or not yet read
- Geography
- europe, global, globally, india, israel, japan
- 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 d plus 100%
Stage at first entry
series d plus 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
19 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Ervc Healthcare VI LP | Fund | 2024 adv first reported | Early deployment | $700,748 Mar 29, 2024 | 2 | unknown | unknown |
| Eight Roads Ventures India Technology IV LP | Fund | 2023 adv first reported | Active deployment | $75.7M Mar 29, 2024 | 2 | unknown | unknown |
| Eight Roads Ventures India Healthcare IV LP | Fund | 2023 adv first reported | Active deployment | $63.1M Mar 29, 2024 | 2 | unknown | unknown |
| Eight Roads Ventures Japan III LP | Fund | 2023 adv first reported | Active deployment | $28.0M Mar 29, 2024 | 19 | unknown | unknown |
| Eight Roads Ventures Europe IV LP | Fund | 2022 adv first reported | Active deployment | $282M Mar 29, 2024 | 19 | unknown | unknown |
| Ervc Healthcare V LP | Fund | 2022 adv first reported | Active deployment | $240M Mar 29, 2024 | 22 | unknown | unknown |
| Ervc Technology V LP | Fund | 2022 adv first reported | Active deployment | $114M Mar 29, 2024 | 23 | unknown | unknown |
| FIL India Ventures II LP | Fund | 2019 adv first reported | Mature | $666M Mar 29, 2024 | 14 | unknown | unknown |
| Eight Roads Ventures Europe III LP | Fund | 2019 adv first reported | Mature | $425M Mar 29, 2024 | 11 | unknown | unknown |
| Eight Roads Pv Limited Partnership | Fund | 2019 adv first reported | Mature | $363,035 Mar 29, 2024 | 10 | unknown | unknown |
| Eight Roads Ventures India III LP | Fund | 2018 adv first reported | Harvest | $454M Mar 29, 2024 | 14 | unknown | unknown |
| Ervc Technology IV LP | Fund | 2018 adv first reported | Harvest | $355M Mar 29, 2024 | 13 | unknown | unknown |
| Ervc Healthcare IV LP | Fund | 2018 adv first reported | Harvest | $236M Mar 29, 2024 | 11 | unknown | unknown |
| Eight Roads Ventures Japan II LP | Fund | 2018 adv first reported | Harvest | $136M Mar 29, 2024 | 10 | unknown | unknown |
| Europe Ventures II LP | Fund | unknown | Unknown | $405M Mar 29, 2024 | 5 | unknown | unknown |
| Europe Ventures LP | Fund | unknown | Unknown | $285M Mar 29, 2024 | 9 | unknown | unknown |
| Asia Ventures III LP | Fund | unknown | Unknown | $264M Mar 29, 2024 | 19 | unknown | unknown |
| Japan Ventures I LP | Fund | unknown | Unknown | $48.7M Mar 29, 2024 | 15 | unknown | unknown |
| Asia Ventures II LP | Fund | unknown | Unknown | $38.6M Mar 29, 2024 | 13 | 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
25 current, 2 departed
Rayan Doshi
AnalystAnalyst
Tushar Bagrodia
AssociateAssociate
Daniel Auerbach
Managing partnerFounding Partner Emeritus
Davor Hebel
Managing partnerManaging Partner, Head of Europe
Neal William Turchiaro
OtherResigned · since Aug 1, 2023
Lucile Cornet
PartnerPartner
Shweta Bhatia
PartnerSenior Partner, Head of India TCF Ventures
Vytautas Balsys
PartnerPartner
Amy Feng
Platform and operationsHead of Legal, China
Aqil Ansari
Platform and operationsFinance Manager
Sadia Ashraf
Platform and operationsHead of Legal, India
Saurav Agarwal
Platform and operationsHead of Finance
Allan Pelvang
PrincipalDirector · since Oct 1, 2012
Driaan Viljoen
PrincipalDirector · since Oct 1, 2019
James Mclaughlin
PrincipalDirector · since Mar 1, 2023
Matthew Alan Heath
PrincipalDirector · since Nov 1, 2017
Divesh Dhawan
Venture partnerVenture Partner
Harvinderjit Bhatia
Venture partnerVenture Partner
Maria Hedengren
Venture partnerVenture Partner
Sanjay Aggarwal
Venture partnerVenture Partner
Shirish Belapure
Venture partnerVenture Partner
Yong (Ben) Ben
Venture partnerVenture Partner
Antonin Gury-Coupier
Vice presidentVice President
Diwakar Anand
Vice presidentSenior Associate
Siddhant Gandhi
Vice presidentSenior Associate
2 departed (kept with end dates)
- Andrew Knights · Director · May 1, 2016 to Sep 27, 2018 Inference
- Christopher Brealey · Director · Mar 1, 2008 to Mar 25, 2023 Inference
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| ABK Biomedical | Series D · Series D+ | participant | unknown | $35.0M | unknown | Oct 14, 2025 | 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
2 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
37 dated events
- Mar 29, 2024Ervc Healthcare VI LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $700,748Fund first reported on Form ADVFundsFactErvc Healthcare VI LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2023Eight Roads Ventures India Technology IV LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $28,945,718Fund first reported on Form ADVFundsFactEight Roads Ventures India Technology IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2023Christopher Brealey (Director) no longer on Schedule A of Eight Roads GP
- Mar 25, 2023Eight Roads Ventures India Healthcare IV LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $37,739,661Fund first reported on Form ADVFundsFactEight Roads Ventures India Healthcare IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2023Eight Roads Ventures Japan III LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $14,097,822Fund first reported on Form ADVFundsFactEight Roads Ventures Japan III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2023James Mclaughlin joined Schedule A of Eight Roads GP as Director
- Mar 10, 2022Ervc Technology V LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $6,000,000Fund first reported on Form ADVFundsFactErvc Technology V LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 10, 2022Eight Roads Ventures Europe IV LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $128,916,976Fund first reported on Form ADVFundsFactEight Roads Ventures Europe IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 10, 2022Ervc Healthcare V LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $102,495,026Fund first reported on Form ADVFundsFactErvc Healthcare V LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads Ventures India I LP no longer reported on Form ADV by Eight Roads GPFund no longer reportedFundsInferenceEight Roads Ventures India I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Asia Ventures I LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $51,673,532Fund first reported on Form ADVFundsFactAsia Ventures I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads Asia Principals I LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $1,924,516Fund first reported on Form ADVFundsFactEight Roads Asia Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads India Principals I LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $620,497Fund first reported on Form ADVFundsFactEight Roads India Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads Ventures India I LP first reported on Form ADV by Eight Roads GP (Venture Capital Fund), GAV $61,647,496Fund first reported on Form ADVFundsFactEight Roads Ventures India I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads India Principals I LP no longer reported on Form ADV by Eight Roads GPFund no longer reportedFundsInferenceEight Roads India Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Asia Ventures I LP no longer reported on Form ADV by Eight Roads GPFund no longer reportedFundsInferenceAsia Ventures I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 23, 2020Eight Roads Asia Principals I LP no longer reported on Form ADV by Eight Roads GPFund no longer reportedFundsInferenceEight Roads Asia Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Eight Roads India Principals I LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $1,005,620Fund first reported on Form ADVFundsFactEight Roads India Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Asia Ventures I LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $50,379,046Fund first reported on Form ADVFundsFactAsia Ventures I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Eight Roads Asia Principals I LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $1,875,431Fund first reported on Form ADVFundsFactEight Roads Asia Principals I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Eight Roads Ventures India I LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $99,626,287Fund first reported on Form ADVFundsFactEight Roads Ventures India I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Eight Roads Ventures Europe III LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $65,601,835Fund first reported on Form ADVFundsFactEight Roads Ventures Europe III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Eight Roads Pv Limited Partnership first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $26,193,681Fund first reported on Form ADVFundsFactEight Roads Pv Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019FIL India Ventures II LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $415,376,576Fund first reported on Form ADVFundsFactFIL India Ventures II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2019Driaan Viljoen joined Schedule A of Eight Roads GP as Director
- Sep 27, 2018Eight Roads Ventures Japan II LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $31,887,320Fund first reported on Form ADVFundsFactEight Roads Ventures Japan II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 27, 2018Andrew Knights (Director) no longer on Schedule A of FIL Capital Management Limited
- Sep 27, 2018Ervc Technology IV LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $12,085,734Fund first reported on Form ADVFundsFactErvc Technology IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 27, 2018Ervc Healthcare IV LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $31,211,437Fund first reported on Form ADVFundsFactErvc Healthcare IV LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 27, 2018Eight Roads Ventures India III LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $16,054,230Fund first reported on Form ADVFundsFactEight Roads Ventures India III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2017Matthew Alan Heath joined Schedule A of FIL Capital Management Limited as Director
- Sep 28, 2017Europe Ventures II LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $65,392,925Fund first reported on Form ADVFundsFactEurope Ventures II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 28, 2017Europe Ventures LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $112,526,703Fund first reported on Form ADVFundsFactEurope Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 28, 2017Japan Ventures I LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $105,157,032Fund first reported on Form ADVFundsFactJapan Ventures I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 28, 2017Asia Ventures III LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $277,722,724Fund first reported on Form ADVFundsFactAsia Ventures III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 28, 2017Asia Ventures II LP first reported on Form ADV by FIL Capital Management Limited (Venture Capital Fund), GAV $368,987,805Fund first reported on Form ADVFundsFactAsia Ventures II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 28, 2017FIL Capital Management Limited first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC 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 (probable, 80%, cls-1)venture manager, reported GAV $4,116M across 19 vehicles
Evidence
41 observations from 2 sources