Maveron LLC logo

Maveron LLC

Institutional venture firmSEC venture capital fund adviser· Seattle, WashingtonMAVERON.COM

Maveron is a consumer-centric venture capital firm focused on partnering with world-class entrepreneurs that change the way we live.

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

Reported fund assets
$624M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
2
Investment team
5
Latest vintage
2021
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

10 additional team members, 37 additional co-investors and affiliates, 110 additional investments, funds and LPs, 46 events, 2 verified contacts (1 published business email, 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. 9 deals
    with True Ventures

    Invests most often alongside True Ventures (9 shared deals) and Union Square Ventures (4 shared deals).

    pair last observed on record 16 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 recordCo-investors →

People to know

View all people
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

158 connected entities44 observed rounds13 repeat counterparties6 dated rounds shown here, 2014 to 2021

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.

What stands out
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 Maveron 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 Maveron LLC

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

Investing

87 companies on record, 2 new in 12 months

Investments on record

87 companies, 44 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
golden.venturesportfolio listingunknownunknownunknownunknownSep 26, 2026Fact Company website
Keepsportfolio listingunknownunknownunknownunknownSep 18, 2026Fact Company website
Alifeportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website

Stated thesis versus observed behaviour

123 observed deals
Stated (the firm’s website)
Sectors
healthcare, consumer, climate, energy, edtech
Stages
seed, series a, early
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
seed 50%series a 50%
Stage at first entry
seed 50%series a 50%
Sectors
unknown 99%Other 1%
lead rate 100%follow-on rate 53%new companies, 12 months 2

Team

6 current, 11 departed

Decision makers

who to call first, and why; then everyone else by function
  • Natalie Dillon · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility; Led 1 round on record
  • Dan Gary Levitan · Managing Member
    Why this person: Named with investment responsibility
  • Daniel Gary Levitan · Managing Member
    Why this person: 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

6 current, 11 departed
11 departed (kept with end dates)

Contacts

1 published business email, 1 firm phone

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

Funds and LPs

17 vehicles, 0 LPs disclosed

Funds and vehicles

17 reported, 7 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Maveron Equity Partners Viii, L.P.Fund2021 form d first saleMature$210M
Mar 23, 2026
38$190M
of $190M
Nov 2, 2022
Maveron Viii Entrepreneurs' Fund, L.P.Fund2021 form d first saleMature$20.3M
Mar 23, 2026
53$18.4M
of $20.0M
Nov 2, 2022
MEP Associates Viii, L.P.Fund2021 form d first saleMature$16.4M
Mar 23, 2026
32$13.7M
of $15.0M
Nov 2, 2022

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

8 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Richard and Susan Smith Family FoundationFOUNDATIONMaveron Equity Partners Viii, L.P.$610,993
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Richard and Susan Smith Family FoundationFOUNDATIONMaveron Equity Partners VI LP$1.9M
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Richard and Susan Smith Family FoundationFOUNDATIONMaveron Equity Partners VII LP$714,532
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

65 co-investors · on 2 other DFX graphs

Co-investors

65 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 2 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Maveron LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

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…

Capital chain

Maveron LLC sits on 2 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 2 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

51 dated events, 86 observations from 4 sources

Timeline

51 dated events
  1. Mar 23, 2026
    Anarghya Ananda Vardhana (Managing Director) no longer on Schedule A of Maveron LLC
    Person leftPeopleInferenceAnarghya Ananda VardhanaForm ADV
  2. Mar 29, 2024
    David James Wu (Managing Director) no longer on Schedule A of Maveron LLC
    Person leftPeopleInferenceDavid James WuForm ADV
  3. Mar 29, 2024
    Howard Dale Schultz (Member (See Schedule D, Misc.)) no longer on Schedule A of Maveron LLC
    Person leftPeopleInferenceHoward Dale SchultzForm ADV
  4. Mar 29, 2024
    Grace Y Chou (Partner) no longer on Schedule A of Maveron LLC
    Person leftPeopleInferenceGrace Y ChouForm ADV
  5. Nov 1, 2023
    Nathan Tovin Apsel joined Schedule A of Maveron LLC as Chief Financial Officer
    Person joinedPeopleFactNathan Tovin ApselForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 23, 2026 · 16 private fundsShow
Headquarters
Seattle, WAadviserinfo.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 23, 2026
Private funds reported
16 (16 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$624Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $624M across 17 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $778M across 17 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $778M across 16 vehicles

Evidence

87 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 29, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 29, 2024FactForm ADV
First Form ADV filing2012-03-30Mar 23, 2026FactForm ADV
First Form ADV filing2012-03-30Mar 29, 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 filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2024-03-29Mar 29, 2024FactForm ADV
SEC statusERA - ActiveMar 23, 2026FactForm ADV
SEC status effective2012-03-30Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 29, 2024FactForm ADV
Business phoneMar 23, 2026FactForm ADV
Business phoneMar 29, 2024FactForm ADV
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
Entity typeLimited PartnershipApr 11, 2016FactForm D
Form D fund typeVenture Capital FundApr 11, 2016FactForm D
Form D industry groupPooled Investment FundApr 11, 2016FactForm D
AmendmentfalseApr 11, 2016FactForm D
Revenue range (Form D)Not ApplicableApr 11, 2016FactForm D
HeadquartersSeattle, WAMar 23, 2026FactForm ADV
HeadquartersSeattle, WAMar 29, 2024FactForm ADV
IncorporatedyetToBeFormedApr 11, 2016FactForm D
JurisdictionDelawareApr 11, 2016FactForm D
Amount sold (Form D)0Apr 11, 2016FactForm D
Offering amount (Form D)14,000,000Apr 11, 2016FactForm D
Exemptions06b, 3C, 3C.1Apr 11, 2016FactForm D
Investors (Form D)0Apr 11, 2016FactForm D
Minimum investment (Form D)0Apr 11, 2016FactForm D
Securities offeredpooledApr 11, 2016FactForm D
Office addressMar 23, 2026FactForm ADV
Office addressMar 29, 2024FactForm ADV
Office addressApr 11, 2016FactForm D
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 15, 2026Fact
Legal formLimited Liability CompanyMar 23, 2026FactForm ADV
Legal formLimited Liability CompanyMar 29, 2024FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported16Mar 23, 2026FactForm ADV
Private funds reported16Mar 23, 2026FactForm ADV
Private funds reported16Mar 29, 2024FactForm ADV
Private fund gross assets (reported)$624MMar 23, 2026FactForm ADV
Private fund gross assets (reported)$624MMar 23, 2026FactForm ADV
Private fund gross assets (reported)$778MMar 29, 2024FactForm ADV
Schedule a diffsadiff-1Mar 23, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyglobal
“geography words on the home page”
Sep 15, 2026Fact
Stated sectorsHealthcare, consumer, climate, energy, edtech
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsHealthcare, consumer, climate, energy, edtech
“sector words on the home page”
Sep 15, 2026Fact
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 15, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported16Mar 23, 2026FactForm ADV
Venture funds reported16Mar 23, 2026FactForm ADV
Venture funds reported16Mar 29, 2024FactForm ADV
WebsiteMar 23, 2026FactForm ADV
WebsiteMar 29, 2024FactForm ADV
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
64
high
Active deployment
8
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $624M across 17 vehicles

The inputs behind each score
importance
gav: 0.54 · funds: 1 · people: 0.24 · investments: 0.77 · co investors: 0.73
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-02-24
emerging manager
fund count: 24 · reported gav: $624M · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

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

Fits

1 scored match, best firstas of
  • score 16.1confidence 80%
    Why: activity; cap table

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 dated events on the change ledger, latest event first
  • Form D filed
    2016-04-11source on record
  • Adviser's first ADV filing
    2012-03-30source 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.