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American Family Ventures

Corporate ventureSEC venture capital fund adviser· Madison, Wisconsinamfamventures.com

We invest at the forefront of insurance in pursuit of one goal: shaping the future of our industry.

In the firm's own words, from its website.

Reported fund assets
$461M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
15
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

19 additional team members, 37 additional co-investors and affiliates, 61 additional investments, funds and LPs, 3 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. 3 deals
    with Mtech Capital

    Invests most often alongside Mtech Capital (3 shared deals) and IA Capital Group (3 shared deals).

    pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Portfolio Manager
    Why: Investment officer
    No route on file yet
  • Portfolio Manager
    Why: Investment officer
    No route on file yet
  • Managing Director
    Why: Managing director
    No route on file yet

Relationship network

129 connected entities2 observed rounds

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.

Reading the network
  • 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 American Family Ventures: 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 American Family Ventures

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

63 companies on record, 0 new in 12 months

Investments on record

63 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Alix, Inc.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Bluefields Specialtyportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Bold Penguinportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

65 observed deals
Stated (the firm’s website)
Sectors
ai, fintech, proptech
Stages
not stated or not yet read
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: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (3)Energy, utilities and infrastructure (1)
lead rate no observed dealsfollow-on rate 0%new companies, 12 months 0

Team

23 current, 3 departed

Decision makers

who to call first, and why; then everyone else by function
  • Amanda Joseph · Portfolio Manager
    Why this person: Investment officer; Named with investment responsibility
  • Amber Porter · Portfolio Manager
    Why this person: Investment officer; Named with investment responsibility
  • Eyal Karsh · Managing Director
    Why this person: Managing director; Named with investment responsibility

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

23 current, 3 departed
2 departed (kept with end dates)
  • Daniel K Reed · President/Managing Director · Jul 1, 2019 to Mar 2, 2026 Fact
  • Christy Kaufman · Chief Compliance Officer · Jul 1, 2019 to Apr 14, 2021 Inference

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

4 vehicles, 0 LPs disclosed

Funds and vehicles

4 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Amfam Vc Fund IV, LPFund2022 form d first saleActive deployment$285M
Mar 2, 2026
22$325MMay 11, 2022
Amfam Vc Spv II, LPSPV or co-invest vehicle2022 form d first saleActive deployment$10.0M
Mar 2, 2026
4$10.8MNov 18, 2022
Amfam Vc Spv I, LPSPV or co-invest vehicle2021 form d first saleMature$285
Mar 2, 2026
8$42.7M
of $42.7M
May 12, 2021

Limited partners

0 LPs, 0 disclosed commitments
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.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

45 co-investors

Co-investors

45 counted from shared deals, for the whole firm

Evidence and history

8 dated events, 65 observations from 3 sources

Timeline

8 dated events
  1. Mar 2, 2026
    Daniel K Reed (President/Managing Director) no longer on Schedule A of American Family Ventures
    Person leftPeopleInferenceDaniel K ReedForm ADV
  2. Feb 16, 2023
    Amfam Vc Spv II, LP first reported on Form ADV by American Family Ventures (Venture Capital Fund), GAV $6,699,995
    Fund first reported on Form ADVFundsFactAmfam Vc Spv II, LPForm ADV
  3. Feb 16, 2023
    Amfam Vc Fund IV, LP first reported on Form ADV by American Family Ventures (Venture Capital Fund), GAV $35,097,939
    Fund first reported on Form ADVFundsFactAmfam Vc Fund IV, LPForm ADV
  4. Mar 10, 2022
    Amfam Vc Spv I, LP first reported on Form ADV by American Family Ventures (Venture Capital Fund), GAV $41,595,613
    Fund first reported on Form ADVFundsFactAmfam Vc Spv I, LPForm ADV
  5. Apr 14, 2021
    Christy Kaufman (Chief Compliance Officer) no longer on Schedule A of American Family Ventures
    Person leftPeopleInferenceChristy KaufmanForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 2, 2026 · 4 private fundsShow
Headquarters
Madison, WIadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
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 2, 2026
Private funds reported
4 (4 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$461Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
American Family Insurance Mutual Holding Company (Sole Shareholder), owns 75% or more; Amfam Holdings, Inc. (Sole Member), owns 75% or more; NEW Ventures, LLC (Sole Member), owns 75% or more

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Corporate venture (confirmed, 95%)

Evidence

73 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 2, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 2, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 21, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 2, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 2, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 21, 2024FactForm ADV
First Form ADV filing2019-08-02Mar 2, 2026FactForm ADV
First Form ADV filing2019-08-02Mar 21, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-02Mar 2, 2026FactForm ADV
Latest Form ADV filing2026-03-02Mar 2, 2026FactForm ADV
Latest Form ADV filing2024-03-21Mar 21, 2024FactForm ADV
SEC statusERA - ActiveMar 2, 2026FactForm ADV
SEC status effective2019-08-02Mar 2, 2026FactForm ADV
Venture share of reported funds1Mar 2, 2026FactForm ADV
Venture share of reported funds1Mar 21, 2024FactForm ADV
Business phoneMar 2, 2026FactForm ADV
Business phoneMar 21, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
HeadquartersMadison, WIMar 2, 2026FactForm ADV
HeadquartersMadison, WIMar 21, 2024FactForm ADV
Office addressMar 2, 2026FactForm ADV
Office addressMar 21, 2024FactForm ADV
Self-described typeVenture capital
“Carrier, venture capital, and startup leadership”
Sep 30, 2026Fact
Self-described typeVenture capital
“Carrier, venture capital, and startup leadership”
Sep 16, 2026Fact
Self-described typeVenture capital
“Carrier, venture capital, and startup leadership”
Sep 15, 2026Fact
Legal formMar 2, 2026FactForm ADV
Legal formMar 21, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported4Mar 2, 2026FactForm ADV
Private funds reported4Mar 2, 2026FactForm ADV
Private funds reported4Mar 21, 2024FactForm ADV
Private fund gross assets (reported)$461MMar 2, 2026FactForm ADV
Private fund gross assets (reported)$461MMar 2, 2026FactForm ADV
Private fund gross assets (reported)$302MMar 21, 2024FactForm ADV
Schedule a diffsadiff-1Mar 2, 2026FactForm ADV
Stated sectorsAI, fintech, proptech
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, fintech, proptech
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, fintech, proptech
“sector words on the home page”
Sep 15, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported4Mar 2, 2026FactForm ADV
Venture funds reported4Mar 2, 2026FactForm ADV
Venture funds reported4Mar 21, 2024FactForm ADV
WebsiteMar 2, 2026FactForm ADV
WebsiteMar 21, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersCorporate venture, confirmedShow
Importance
57
elevated
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Corporate ventureSEC exempt reporting adviser

Corporate parent: Amfam Holdings, Inc.

The inputs behind each score
importance
gav: 0.5 · funds: 0.33 · people: 0.72 · investments: 0.67 · co investors: 0.67
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 4 · reported gav: $461M · first adv filing: 2019-08-02 · years since first filing: 7.2

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2019-08-02source 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.