X/seed Capital

Seed fund managerSEC exempt reporting adviserClassification probable· San Francisco, CaliforniaXSEEDCAP.COM

Seed fund manager, based in San Francisco, California, reporting $120M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$120M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
2
Latest vintage
2019
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (6)Team (2)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

3 additional investments, funds and LPs, 3 verified contacts (2 firm phone, 1 general firm email)

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. 2 deals
    with ULU Ventures Management Company

    Invests most often alongside ULU Ventures Management Company (2 shared deals).

    pair last observed on record 7 May 2013, 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

Relationship network

14 connected entities9 observed rounds4 repeat counterparties4 dated rounds shown here, 2012 to 2013

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

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 X/seed Capital: 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 X/seed Capital

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

Investing

6 companies on record, 0 new in 12 months
Investments on record
6 companies, 9 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
LEX Machina, Inc.Form D equity offeringunknown · boardRobert Eric Siegel (strongly supported)$4.8M
form d sold
unknownMay 7, 2013Inference Form D
Sipx, Inc.Form D equity offeringunknown · boardRobert Eric Siegel (strongly supported)$2.4M
form d sold
unknownOct 19, 2012Inference Form D
Cellscape CorpForm D equity offeringunknown · boardMichael Glen Borrus (strongly supported)$1.1M
form d sold
unknownSep 10, 2012Inference Form D
Stated thesis versus observed behaviour
9 observed deals
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
unknown 100%
lead rate no observed dealsfollow-on rate 50%new companies, 12 months 0

Team

2 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function

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
2 current, 0 departed
Contacts
1 general firm email, 2 firm phone

1 general firm email, 2 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

3 vehicles, 0 LPs disclosed
Funds and vehicles
3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Xseed Capital S, L.P.Fund2019 adv first reportedMature$15.0M
Feb 25, 2026
9$0
of $100M
May 25, 2018
X/seed Capital II, LPSeed fundunknownUnknown$54.5M
Feb 25, 2026
7$0
of $80.0M
Sep 8, 2011
X/seed Capital LPSeed fundunknownUnknown$50.7M
Feb 25, 2026
6unknownunknown
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

3 co-investors · on 1 other DFX graph
Co-investors
3 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

X/seed Capital is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

4 dated events, 63 observations from 3 sources
Timeline
4 dated events
  1. Jan 29, 2019
    Xseed Capital S, L.P. first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $15,000,000
    Fund first reported on Form ADVFundsFactXseed Capital S, L.P.Form ADV
  2. Mar 28, 2012
    X/seed Capital first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  3. Mar 28, 2012
    X/seed Capital II, LP first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $54,500,000
    Fund first reported on Form ADVFundsFactX/seed Capital II, LPForm ADV
  4. Mar 28, 2012
    X/seed Capital LP first reported on Form ADV by X/seed Capital (Venture Capital Fund), GAV $50,700,000
    Fund first reported on Form ADVFundsFactX/seed Capital LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Feb 25, 2026 · 3 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
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, adviser total
$120Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Seed fund manager (probable, 80%)
    Name or self-description says seed
Evidence
63 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedFeb 25, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserFeb 25, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserMar 8, 2024FactForm ADV
SEC adviser typeExempt reporting adviserFeb 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserFeb 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 8, 2024FactForm ADV
First Form ADV filing2012-03-28Feb 25, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 8, 2024FactForm 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 filing2026-02-25Feb 25, 2026FactForm ADV
Latest Form ADV filing2026-02-25Feb 25, 2026FactForm ADV
Latest Form ADV filing2024-03-08Mar 8, 2024FactForm ADV
SEC statusERA - ActiveFeb 25, 2026FactForm ADV
SEC status effective2012-03-28Feb 25, 2026FactForm ADV
Venture share of reported funds1Feb 25, 2026FactForm ADV
Venture share of reported funds1Mar 8, 2024FactForm ADV
Business phoneFeb 25, 2026FactForm ADV
Business phoneMar 8, 2024FactForm ADV
Contact page urlSep 16, 2026Factno URL
HeadquartersSan Francisco, CAFeb 25, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 8, 2024FactForm ADV
Office addressFeb 25, 2026FactForm ADV
Office addressMar 8, 2024FactForm ADV
Legal formLimited Liability CompanyFeb 25, 2026FactForm ADV
Legal formLimited Liability CompanyMar 8, 2024FactForm ADV
Private funds reported3Feb 25, 2026FactForm ADV
Private funds reported3Feb 25, 2026FactForm ADV
Private funds reported3Mar 8, 2024FactForm ADV
Private fund gross assets (reported)$120MFeb 25, 2026FactForm ADV
Private fund gross assets (reported)$120MFeb 25, 2026FactForm ADV
Private fund gross assets (reported)$120MMar 8, 2024FactForm ADV
Schedule a diffsadiff-1Feb 25, 2026FactForm ADV
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported3Feb 25, 2026FactForm ADV
Venture funds reported3Feb 25, 2026FactForm ADV
Venture funds reported3Mar 8, 2024FactForm ADV
WebsiteFeb 25, 2026FactForm ADV
WebsiteMar 8, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersSeed fund manager, probableShow
Importance
27
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Seed fund manager · probableSEC exempt reporting adviser

Name or self-description says seed

The inputs behind each score
importance
gav: 0.33 · funds: 0.25 · people: 0.12 · investments: 0.35 · co investors: 0.19
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: 3 · reported gav: $120M · first adv filing: 2012-03-28 · years since first filing: 14.5

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
    2012-03-28source 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.