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 / Interlagos Capital, LLC
Interlagos Capital, LLC
Institutional venture firmEl Segundo, CAinterlagos.comSEC venture capital fund adviserfundraising evidence
Interlagos is a technology investment company based in Los Angeles, California focused on applied science and manufacturing.
venture manager, reported GAV $52M across 5 vehicles
Importance
17
moderate
Active deployment
68
high
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- El Segundo, CAadviserinfo.sec.gov
- Office address
- 237 CALIFORNIA ST, El Segundo, CA, 90245adviserinfo.sec.gov
- Business phone
- 310-414-7223adviserinfo.sec.gov
- Website
- https://interlagos.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 13, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $272Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- contact@interlagos.cominterlagos.compublished by the subject
- business phone
- 310-414-7223adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
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
seed 50%series b 50%
Stage at first entry
seed 50%series b 50%
Sectors
Other 50%unknown 50%
lead rate 100%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Interlagos IV, LLC, an Interlagos Capital Fund | Fund | 2026 form d first sale | Newly closed | unknown | unknown | $10.3M of $10.3M | Apr 28, 2026 |
| Interlagos I, LLC, an Interlagos Capital Fund | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $25.4M of $25.4M | Sep 5, 2025 |
| Interlagos III, LLC, an Interlagos Capital Fund | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $2.8M of $2.8M | Sep 8, 2025 |
| Interlagos II, LLC, an Interlagos Capital Fund | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $8.3M of $8.3M | Sep 8, 2025 |
| Interlagos Fund I, LP | Fund | 2024 form d first sale | Fundraising | $52.2M Dec 9, 2024 | 14 | $183M of $300M | Dec 2, 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
4 current, 0 departed
Achal Upadhyaya
Founder or executivefounder
Achal Saurabh Upadhyaya
PartnerFounding Member · since Jun 1, 2024
Tomoya Thomas Imazeki-Ochinero
PartnerFounding Member · since Jun 1, 2024
Spencer Blane Hemphill
Platform and operationsChief Financial Officer · since Jun 1, 2024
Investments on record
2 edges, 2 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Senra Systems | Series B · Series B | lead | Achal Upadhyaya (confirmed) | $65.0M | unknown | Jul 15, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Vital Lyfe, Inc. | Seed Round · Seed | lead | unknown | $24.0M | unknown | Dec 16, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“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
14 relationships from shared deals, counted for the whole firm
General Catalyst 2 shared · recurring · they led 1 · we led 2Alumni Ventures 1 shared · one time · we led 1CIV 1 shared · one time · we led 1Lowercarbon Capital 1 shared · one time · they led 1 · we led 1SOZO VENTURES 1 shared · one time · we led 1Friedkin Group 1 shared · one time · we led 1Andreessen Horowitz 1 shared · one time · we led 1Founders Fund LLC 1 shared · one time · we led 1Jaws Estates Capital 1 shared · one time · we led 1Dylan Field 1 shared · one time · we led 1Sequoia Capital 1 shared · one time · we led 1Generational Partners 1 shared · one time · we led 1Cantos Ventures, LLC 1 shared · one time · we led 1Space VC 1 shared · one time · we led 1
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
2 dated events
- Dec 9, 2024Interlagos Capital, LLC 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)
- Dec 9, 2024Interlagos Fund I, LP first reported on Form ADV by Interlagos Capital, LLC (Venture Capital Fund), GAV $52,194,898Fund first reported on Form ADVFundsFactInterlagos Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $52M across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $52M across 1 vehicles
Evidence
34 observations from 3 sources