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 / Y Combinator
Y Combinator
Y Combinator created a new model for funding early stage startups. Four times a year we invest in a large number of startups.
name or self-description says accelerator
Importance
78
high
Active deployment
55
elevated
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- Mountain View, CAadviserinfo.sec.gov
- Office address
- 335 PIONEER WAY, Mountain View, CA, 94041adviserinfo.sec.gov
- Business phone
- 650-384-5565adviserinfo.sec.gov
- Website
- HTTP://WWW.YCOMBINATOR.COM
- 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 27, 2026
- Private funds reported
- 19 (19 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $22Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-384-5565adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
48 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech, hardware, media
- Stages
- series b
- Geography
- india, uk, worldwide
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 47%seed 35%series b 18%
Stage at first entry
series a 47%seed 35%series b 18%
Sectors
unknown 100%
lead rate 0%follow-on rate 3%new logos, 12 months 48
Funds and vehicles
22 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Ycp26, L.P. | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $1.7B | Apr 27, 2026 |
| Yca26, L.P. | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $728M | Apr 27, 2026 |
| Y Combinator ES26, LLC | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $228M | Apr 27, 2026 |
| Ycp24, L.P. | Fund | 2024 form d first sale | Early deployment | $1.1B Sep 14, 2026 | 81 | $1.1B | Apr 9, 2024 |
| YC Esp24, L.P. | Fund | 2024 form d first sale | Early deployment | $306M Sep 14, 2026 | 81 | $422M | Apr 9, 2024 |
| Y Combinator ES24, LLC | Fund | 2024 form d first sale | Early deployment | $116M Sep 14, 2026 | 82 | $153M | Apr 9, 2024 |
| YC Eco24, L.P. | Fund | 2024 form d first sale | Newly closed | $79.6M Sep 14, 2026 | 278 | $89.4M | Nov 21, 2024 |
| YC Esp22, L.P. | Fund | 2022 form d first sale | Active deployment | $768M Sep 14, 2026 | 84 | $225M | Jan 18, 2022 |
| Yccg21, L.P. | Fund | 2021 form d first sale | Mature | $1.6B Sep 14, 2026 | 86 | $1.4B | Feb 11, 2022 |
| YC Affiliates Fund Iia, LP | Feeder or parallel | 2021 adv first reported | Mature | $88.1M Sep 14, 2026 | 53 | $0 | Oct 3, 2019 |
| Y Combinator Es20, LLC | Fund | 2020 form d first sale | Mature | $3.1B Sep 14, 2026 | 88 | $0 | May 14, 2020 |
| Ycc20, L.P. | Fund | 2020 form d first sale | Mature | $2.3B Sep 14, 2026 | 83 | $0 | Jun 12, 2020 |
| YC II, L.P. | Fund | 2018 adv first reported | Harvest | $7.8B Sep 14, 2026 | 218 | $0 | Nov 29, 2017 |
| YC Principals Fund II, L.P. | Feeder or parallel | 2018 adv first reported | Harvest | $388M Sep 14, 2026 | 19 | $0 | Dec 8, 2017 |
| YC Affiliates Fund II (qp), L.P. | Feeder or parallel | 2018 adv first reported | Harvest | $114M Sep 14, 2026 | 65 | $0 | Dec 15, 2017 |
| YC Affiliates Fund II, L.P. | Feeder or parallel | 2018 adv first reported | Harvest | $24.7M Sep 14, 2026 | 31 | $0 | Dec 8, 2017 |
| Y Combinator Continuity Affiliates Fund I, L.P. | Feeder or parallel | 2017 adv first reported | Harvest | $40.4M Sep 14, 2026 | 79 | $0 | Apr 4, 2016 |
| Y Combinator Continuity Fund I, L.P. | Fund | 2016 adv first reported | Harvest | $2.6B Sep 14, 2026 | 96 | $0 | Jun 15, 2015 |
| Ycvc Fund I, L.P. | Fund | unknown | Unknown | $467M Mar 29, 2024 | 3 | unknown | unknown |
| Y Combinator Fund I, LP | Fund | unknown | Unknown | $331M Mar 29, 2024 | 5 | unknown | unknown |
| Y Combinator Fund II, LP | Fund | unknown | Unknown | $236M Mar 29, 2024 | 10 | unknown | unknown |
| Ycvc W14, LLC | Fund | unknown | Unknown | $22.5M Sep 14, 2026 | 9 | unknown | unknown |
| YC Principals Fund III, L.P. | Feeder or parallel | 2018 adv first reported | Wound down | $0 Mar 29, 2019 | 16 | unknown | unknown |
| YC III, L.P. | Fund | 2018 adv first reported | Wound down | $0 Mar 29, 2019 | 218 | 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
83 current, 4 departed
Olivia Marotte
AnalystPost Batch Analyst
Garry Tan
Founder or executiveCeo/President · since Jan 1, 2023
Garry Tan
Founder or executivePresident & CEO
Garry Tan
Founder or executiveCeo/President · since Jan 1, 2023
Jessica Livingston
Founder or executiveFounder, Retired
Paul Graham
Founder or executiveFounder, Retired
Robert Morris
Founder or executiveFounder, Retired
Startup Jobs
Founder or executivePresident & CEO
Startup School
Founder or executiveCo-Founder Matching
Trevor Blackwell
Founder or executiveFounder, Retired
Aaron Epstein
General partnerGeneral Partner
Andrew Miklas
General partnerGeneral Partner
Ankit Gupta
General partnerGeneral Partner
Brad Flora
General partnerGeneral Partner
Chris Golda
General partnerGeneral Partner
David Lieb
General partnerGeneral Partner
Grey Baker
General partnerGeneral Partner
Harshita Arora
General partnerGeneral Partner
Hetal Weber
General partnerGP Fund Accounting Manager
Jon Xu
General partnerGeneral Partner
Nicolas Dessaigne
General partnerGeneral Partner
Pete Koomen
General partnerGeneral Partner
Tom Blomfield
General partnerGeneral Partner
Tyler Bosmeny
General partnerGeneral Partner
Diana Hu
Managing partnerManaging Partner
Harj Taggar
Managing partnerManaging Partner
Jared Friedman
Managing partnerManaging Partner
Carolynn Levy
OtherGc; Y Combinator Management, Llc · since Apr 1, 2014
Josh France
OtherHead of YC Labs
Luther Lowe
OtherHead of Public Policy
Mark Thurman
OtherHead of Infrastructure and Security
Renee Mars
OtherHead of HR and Workplace
Steven Pham
OtherHead of Media
Jess Burns
PartnerTax Manager
Jon Levy
PartnerManaging Director, Partnerships
Jonathan Daniel Levy
PartnerManaging Director, Partnerships · since Jun 1, 2022
Kirsty Nathoo
PartnerPartner Emeritus
Regan Bell
PartnerMember of Technical Staff
Sally Leung
PartnerTax Manager
Adele Gower
Platform and operationsWorkplace Operations Manager
Alex Petersen
Platform and operationsAssociate General Counsel
Alexis Katsilometes
Platform and operationsExecutive Assistant
Allison Bryan
Platform and operationsDirector of Accounting
Angela Prochnow
Platform and operationsDirector of Legal Operations
Anji Song
Platform and operationsFund Controller
Brigid McCurdy
Platform and operationsSenior Legal Counsel
Carolynn Levy
Platform and operationsManaging Director, Legal
Celia Cheung
Platform and operationsDirector of Finance
Chris Simon
Platform and operationsData & Community Analyst
Daniel Kochupura
Platform and operationsLegal Analyst
Derek Yao
Platform and operationsLegal Analyst
Emma Conger
Platform and operationsLegal Counsel
Emmy Thamakaison
Platform and operationsInvestment Operations
Eric Bakan
Platform and operationsHead of Data
Esther Ha
Platform and operationsExecutive Assistant
Eve Bouffard
Platform and operationsMember of Technical Staff & Head of Design
Gabrielle Rokeach
Platform and operationsExecutive Coordinator
Garrett Cason
Platform and operationsExecutive Assistant
Jen Wu
Platform and operationsLegal Counsel
Jessica Shapiro
Platform and operationsHead of Events
Katie King
Platform and operationsExecutive Assistant
Katy Howard
Platform and operationsExecutive Assistant
Kelley Tighe
Platform and operationsExecutive Assistant
Lauren Field
Platform and operationsExecutive Assistant
Lauren Goldberg
Platform and operationsSenior Executive Assistant
Leah Ulip
Platform and operationsExecutive Assistant
Lev Cohen
Platform and operationsLegal Analyst
Maria Vasina
Platform and operationsSenior Executive Assistant
Megan Ehrlich
Platform and operationsExecutive Assistant
Miranda Correll
Platform and operationsExecutive Assistant
Morgan Yang
Platform and operationsLegal Operations Manager
Paris Gravley
Platform and operationsLegal Counsel
Pegah Saki Payne
Platform and operationsSenior Executive Assistant
Sebastian Garcia
Platform and operationsLegal Analyst
Shellie Wong
Platform and operationsAssistant Controller
Sophia Mayol
Platform and operationsOffice Manager
Tatyana Veremyova
Platform and operationsDirector of Employment Compliance
Tayler Princeau
Platform and operationsExecutive Assistant
Tommy Szalasny
Platform and operationsLegal Counsel
Verena Prescher
Platform and operationsHead of Finance
Victoria Holst
Platform and operationsExecutive Assistant
Yna Ortega
Platform and operationsAssistant Controller
Shaun Weber
PrincipalDirector of Tax
4 departed (kept with end dates)
- Geoff David Ralston · President/Ceo · May 1, 2019 to Mar 31, 2023 Inference
- SAM Altman · Ceo; President Y Combinator Management, Llc · Apr 1, 2014 to Mar 6, 2020 Inference
- Kirsty Louise Nathoo · Cfo; Y Combinator Management, Llc · Apr 1, 2014 to Mar 27, 2026 Fact
- Jessica Shaw Livingston · Director; Y Combinator Management, Llc · Apr 1, 2014 to Mar 27, 2026 Fact
Investments on record
48 edges, 47 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
Peak XV Partners 6 shared · strong · they led 3General Catalyst 4 shared · strong · they led 2Lobster Capital, LLC 3 shared · recurringAlumni Ventures 3 shared · recurringCRV, LLC 2 shared · recurring · they led 1Flybridge Capital Partners 2 shared · recurringBessemer Venture Partners 2 shared · recurringPaul Graham 2 shared · recurringKompas VC 2 shared · recurringCatapult Ventures 2 shared · recurring · they led 1Pioneer Fund 2 shared · recurringBase10 Partners Management LLC 2 shared · recurring · they led 1Uncorrelated Ventures 2 shared · recurringSV Angel Management, LLC 2 shared · recurringCarte Verte Management LLC 2 shared · recurring · they led 1Aera VC 2 shared · recurringFormation 8 1 shared · one time · they led 1Commerce Ventures Management, LLC 1 shared · one timeInsight Venture Partners 1 shared · one time · they led 1Brick & Mortar Ventures Management, LLC 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeSterling Road 1 shared · one timeMatrix 1 shared · one timeService Provider Capital 1 shared · one timeRipple Manager Inc. 1 shared · one timePositive Sum Advisors LLC 1 shared · one timeUpper90 1 shared · one timeAIM Master I (bvi) Ltd. 1 shared · one timeSoftbank, Inc. 1 shared · one timeSouth Park Commons Management 1 shared · one timeCorazon Group LLC 1 shared · one timeFactorial Funds Management LLC 1 shared · one timeMaple VC 1 shared · one timeKleiner Perkins 1 shared · one timeCapital Solutions 1 shared · one timeBain Capital 1 shared · one timeTJ Parker 1 shared · one time · they led 1ARTIS 1 shared · one timeCounterpart Ventures 1 shared · one time
Limited partners
2 disclosed
Timeline
26 dated events
- Sep 14, 2026Ycvc W14, LLC first reported on Form ADV by Y Combinator, GAV $22,480,780Fund first reported on Form ADVFundsFactYcvc W14, LLCIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Mar 27, 2026Jessica Shaw Livingston (Director; Y Combinator Management, Llc) no longer on Schedule A of Y Combinator
- Mar 27, 2026Kirsty Louise Nathoo (Cfo; Y Combinator Management, Llc) no longer on Schedule A of Y Combinator
- Mar 31, 2023Geoff David Ralston (President/Ceo) no longer on Schedule A of Y Combinator
- Jan 1, 2023Garry Tan joined Schedule A of Y Combinator as Ceo/President
- Mar 30, 2022Yccg21, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $1,444,857,500Fund first reported on Form ADVFundsFactYccg21, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022YC Esp22, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $794,490,000Fund first reported on Form ADVFundsFactYC Esp22, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Ycc20, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $23,355,535Fund first reported on Form ADVFundsFactYcc20, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Y Combinator Es20, LLC first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $17,817,687Fund first reported on Form ADVFundsFactY Combinator Es20, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021YC Affiliates Fund Iia, LP first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $17,817,687Fund first reported on Form ADVFundsFactYC Affiliates Fund Iia, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 6, 2020SAM Altman (Ceo; President Y Combinator Management, Llc) no longer on Schedule A of Y Combinator
- Mar 6, 2020YC Principals Fund III, L.P. no longer reported on Form ADV by Y CombinatorFund no longer reportedFundsInferenceYC Principals Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 6, 2020YC III, L.P. no longer reported on Form ADV by Y CombinatorFund no longer reportedFundsInferenceYC III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 1, 2019Geoff David Ralston joined Schedule A of Y Combinator as President/Ceo
- Mar 30, 2018YC III, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $453,295,000Fund first reported on Form ADVFundsFactYC III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018YC Affiliates Fund II (qp), L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $10,800,000Fund first reported on Form ADVFundsFactYC Affiliates Fund II (qp), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018YC Principals Fund III, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $21,700,000Fund first reported on Form ADVFundsFactYC Principals Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018YC Principals Fund II, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $21,700,000Fund first reported on Form ADVFundsFactYC Principals Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018YC II, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $453,295,000Fund first reported on Form ADVFundsFactYC II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018YC Affiliates Fund II, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $2,330,000Fund first reported on Form ADVFundsFactYC Affiliates Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2017Y Combinator Continuity Affiliates Fund I, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $10,540,000Fund first reported on Form ADVFundsFactY Combinator Continuity Affiliates Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2016Y Combinator Continuity Fund I, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $700,000,000Fund first reported on Form ADVFundsFactY Combinator Continuity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 23, 2014Y Combinator 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 23, 2014Ycvc Fund I, L.P. first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $80,000,000Fund first reported on Form ADVFundsFactYcvc Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 23, 2014Y Combinator Fund I, LP first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $1,770,000Fund first reported on Form ADVFundsFactY Combinator Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 23, 2014Y Combinator Fund II, LP first reported on Form ADV by Y Combinator (Venture Capital Fund), GAV $8,250,000Fund first reported on Form ADVFundsFactY Combinator Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Accelerator (confirmed, 95%, cls-1)name or self-description says accelerator
Evidence
57 observations from 4 sources