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 / Ironarc Management, LLC

Ironarc Management, LLC

Multi-stage venture firm · probableAustin, TXironarcventures.comSEC registered investment adviserfundraising evidence

both early and growth/opportunity families, reported GAV $854M

Importance
37
elevated
Active deployment
60
high
Emerging
0
low
Completeness
50
elevated
Freshness
100
high
Research priority
24
moderate
Identity and regulatory footprint
Headquarters
Austin, TXadviserinfo.sec.gov
Office address
111 SANDRA MURAIDA WAY, SUITE 100, Austin, TX, 78703adviserinfo.sec.gov
Business phone
(206) 450-7899adviserinfo.sec.gov
Website
https://ironarcventures.com
SEC adviser type
registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 30, 2026
Private funds reported
23 (23 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$854Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$834Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
8
Owners on Schedule A
Penney Ventures LLC (Managing Member), D; Goldenarc Group LLC (Managing Member), D; IronArc GP-A, LLC (General Parter), NA
business phone
(206) 450-7899adviserinfo.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
not stated or not yet read
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
25 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
IronArc Opportunities XXIV, LPOpportunity fund2026 form d first saleFundraising$30.0M
Sep 12, 2026
16$4.2M
of $30.0M
Apr 13, 2026
IronArc Opportunities XXV, LPOpportunity fund2026 form d first saleNewly closedunknownunknown$9.1M
of $9.1M
Jun 8, 2026
IronArc Opportunities XIV, LPOpportunity fund2025 form d first saleFundraising$41.3M
Sep 12, 2026
17$0
of $5.0M
May 21, 2025
IronArc Opportunities XI, LPOpportunity fund2025 form d first saleNewly closed$38.5M
Sep 12, 2026
8$8.9M
of $8.9M
Jul 25, 2025
IronArc Opportunities XX, LPOpportunity fund2025 form d first saleFundraising$36.9M
Sep 12, 2026
12$13.4MDec 4, 2025
IronArc Opportunities IX LPOpportunity fund2025 form d first saleNewly closed$33.7M
Sep 12, 2026
22$18.7M
of $18.7M
Mar 7, 2025
IronArc Opportunities XIX, LPOpportunity fund2025 form d first saleFundraising$30.7M
Sep 12, 2026
3$17.3MDec 4, 2025
IronArc Opportunities XVII, LPOpportunity fund2025 form d first saleFundraising$15.1M
Sep 12, 2026
41$650,000Aug 27, 2025
IronArc Opportunities XXIII, LPOpportunity fund2025 form d first saleNewly closed$8.6M
Sep 12, 2026
3$9.2M
of $9.2M
Feb 9, 2026
IronArc Opportunities XXII, LPOpportunity fund2025 form d first saleNewly closed$4.1M
Sep 12, 2026
3$4.4M
of $4.4M
Mar 2, 2026
IronArc Opportunities XII, LPOpportunity fund2025 form d first saleNewly closed$2.7M
Sep 12, 2026
12$2.7M
of $2.7M
May 29, 2025
IronArc Opportunities XVIII, LPOpportunity fund2025 form d first saleFundraising$1.2M
Sep 12, 2026
7$1.3MNov 28, 2025
IronArc Opportunities XVI, LPOpportunity fund2025 form d first saleFundraising$1.1M
Sep 12, 2026
10$0Jun 13, 2025
GA-IP Opportunities II LLCOpportunity fund2024 form d first saleEarly deployment$302M
Sep 12, 2026
57$37.5M
of $37.5M
Aug 26, 2024
IronArc Opportunities V, LPOpportunity fund2024 form d first saleNewly closed$79.5M
Sep 12, 2026
41$37.1M
of $37.1M
Feb 5, 2025
IronArc Opportunities III, LPOpportunity fund2024 form d first saleEarly deployment$65.9M
Sep 12, 2026
68$15.0M
of $15.0M
Sep 16, 2024
GA-IP Opportunities, LLCOpportunity fund2024 form d first saleEarly deployment$63.6M
Sep 12, 2026
9$15.2M
of $15.2M
Nov 25, 2024
IronArc Opportunities I LLCOpportunity fund2024 form d first saleEarly deployment$29.4M
Sep 12, 2026
34$10.1MSep 16, 2024
IronArc Opportunities II LLCOpportunity fund2024 form d first saleEarly deployment$24.7M
Sep 12, 2026
26$2.7MSep 16, 2024
IP Venture Fund V, LLCFund2024 form d first saleNewly closed$2.5M
Sep 12, 2026
27$1.5M
of $1.5M
Dec 23, 2024
IronArc Opportunities VI, LPOpportunity fund2024 form d first saleEarly deployment$0
Sep 12, 2026
0$1.3M
of $1.3M
Jun 26, 2025
Ironarc Opportunities Xxi, LPOpportunity fundunknownUnknown$20.0M
Sep 12, 2026
19unknownunknown
Ironarc Opportunities Xiii, LPOpportunity fundunknownUnknown$14.4M
Sep 12, 2026
21unknownunknown
IronArc Opportunities X, LPOpportunity fundunknownUnknown$7.9M
Sep 12, 2026
27$0Feb 6, 2025
IronArc Opportunities XV, LPOpportunity fundunknownFundraisingunknownunknown$0
of $40.0M
May 21, 2025
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
3 current, 0 departed
Ishdeep Singh Dugal
Managing Partner · since Sep 1, 2024
Managing partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Patrick Wilson Flynn
Managing Partner · since Sep 1, 2024
Managing partner
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Yomaris NMN Masterton
Chief Compliance Officer & Vp Of Finance · since Jun 1, 2025
Platform and operations
FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
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
  1. Sep 12, 2026
    Ironarc Management, LLC: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $854M)
    Classification changedClassificationInferenceno URL
  2. Sep 12, 2026
    Ironarc Opportunities Xxi, LP first reported on Form ADV by Ironarc Management, LLC, GAV $19,999,995
    Fund first reported on Form ADVFundsFactIronarc Opportunities Xxi, LPIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
  3. Sep 12, 2026
    Ironarc Opportunities Xiii, LP first reported on Form ADV by Ironarc Management, LLC, GAV $14,376,184
    Fund first reported on Form ADVFundsFactIronarc Opportunities Xiii, LPIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
  4. Aug 14, 2025
    Ironarc Management, LLC appears on the SEC adviser roster (RIA)
    First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
  1. Sep 13, 2026
    Multi-stage venture firm (probable, 80%, cls-1)
    both early and growth/opportunity families, reported GAV $854M
  2. Sep 12, 2026
    Institutional venture firm (probable, 70%, cls-1)
    venture manager with no reported fund assets yet (scale unknown)
Evidence
19 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_funds_reportedMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeregistered_investment_adviserMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2026-03-30Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Adv pdf loadedadv-pdf-1Sep 12, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
SEC statusApprovedMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2025-08-14Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone(206) 450-7899Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Employees8Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersAustin, TXMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address111 SANDRA MURAIDA WAY, SUITE 100, Austin, TX, 78703Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported23Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$854MMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Regulatory AUM (adviser, not fund size)$834MMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported23Mar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttps://ironarcventures.comMar 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Site titleIronArc Ventures
“title tag”
Sep 17, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleIronArc Ventures
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleIronArc Ventures
“title tag”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)