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 / X/seed Capital
X/seed Capital
name or self-description says seed
Importance
16
moderate
Active deployment
0
low
Emerging
0
low
Completeness
56
elevated
Freshness
99
high
Research priority
4
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 1410 FRANKLIN STREET, #400, San Francisco, CA, 94109adviserinfo.sec.gov
- Business phone
- 415 336 7341adviserinfo.sec.gov
- Website
- HTTP://WWW.XSEEDCAP.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Feb 25, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $120Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@xseedcap.comxseedcap.compublished by the subject
- business phone
- 650 331-1230adviserinfo.sec.govpublished by the subject
- business phone
- 415 336 7341adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Xseed Capital S, L.P. | Fund | 2019 adv first reported | Mature | $15.0M Mar 8, 2024 | 9 | $0 of $100M | May 25, 2018 |
| X/seed Capital II, LP | Seed fund | unknown | Unknown | $54.5M Mar 8, 2024 | 7 | $0 of $80.0M | Sep 8, 2011 |
| X/seed Capital LP | Seed fund | unknown | Unknown | $50.7M Mar 8, 2024 | 6 | 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
2 current, 0 departed
Michael Glen Borrus
Managing partnerManaging Member · since Jul 1, 2006
Robert Eric Siegel
PartnerMember · since Sep 1, 2008
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
4 dated events
- Jan 29, 2019Xseed Capital S, L.P. first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $15,000,000Fund first reported on Form ADVFundsFactXseed Capital S, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012X/seed Capital 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)
- Mar 28, 2012X/seed Capital II, LP first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $54,500,000Fund first reported on Form ADVFundsFactX/seed Capital II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012X/seed Capital LP first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $50,700,000Fund first reported on Form ADVFundsFactX/seed Capital LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Seed fund manager (probable, 80%, cls-1)name or self-description says seed
Evidence
49 observations from 3 sources