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 / LB Equity
LB Equity
LB Equity is a growth equity firm investing in mission aligned beauty and wellness companies.
venture manager, reported GAV $38.5M across 3 vehicles
Importance
10
low
Active deployment
0
low
Emerging
83
high
Completeness
50
elevated
Freshness
100
high
Research priority
23
moderate
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 125 WEST 31ST STREET, New York, NY, 10001adviserinfo.sec.gov
- Business phone
- 617-448-5345adviserinfo.sec.gov
- Website
- https://www.lbequity.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
- May 6, 2025
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $38.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- investments@lbequity.comlbequity.compublished by the subject
- business phone
- 617-448-5345adviserinfo.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
- new york
- 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 |
|---|---|---|---|---|---|---|---|
| LB Equity Emerging Growth LP | Growth fund | 2018 form d first sale | Harvest | $25.0M Sep 12, 2026 | 99 | $4.5M of $35.0M | Nov 13, 2018 |
| Lucas Brand Equity LP | Fund | 2013 form d first sale | Harvest | $13.0M Sep 12, 2026 | 98 | $8.0M of $15.0M | Apr 26, 2016 |
| L.B. Equity Wellness Growth L.P. | Growth fund | unknown | Unknown | $500,000 Sep 12, 2026 | 11 | $0 of $50.0M | Aug 16, 2024 |
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
1 current, 0 departed
Karen Ballou
Founder or executiveCo- Founder · since Sep 1, 2015
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
- Sep 12, 2026LB Equity: GROWTH_INVESTOR -> MICRO_VC (venture manager, reported GAV $38.5M across 3 vehicles)Classification changedClassificationInferenceno URL
- Sep 12, 2026Lucas Brand Equity LP first reported on Form ADV by LB Equity, GAV $13,000,000Fund first reported on Form ADVFundsFactLucas Brand Equity LPIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026LB Equity Emerging Growth LP first reported on Form ADV by LB Equity, GAV $25,000,000Fund first reported on Form ADVFundsFactLB Equity Emerging Growth LPIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- May 6, 2025LB Equity appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
- Sep 13, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $38.5M across 3 vehicles
- Sep 12, 2026Growth investor (confirmed, 95%, cls-1)growth or late-stage vehicles only
Evidence
23 observations from 3 sources