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 / Material Impact Management, LLC
Material Impact Management, LLC
Building deep tech companies powered by material science.
both early and growth/opportunity families, reported GAV $775M
Importance
39
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- Boston, MAadviserinfo.sec.gov
- Office address
- 131 DARTMOUTH STREET, FLOOR 3, Boston, MA, 02116adviserinfo.sec.gov
- Business phone
- 978-245-2248adviserinfo.sec.gov
- 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 31, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $638Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@materialimpact.commaterialimpact.compublished by the subject
- business phone
- 617-286-2577adviserinfo.sec.govpublished by the subject
- business phone
- 978-245-2248adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
31 observed deals
Stated (the firm’s website)
- Sectors
- deep tech
- Stages
- not stated or not yet read
- Geography
- boston
- 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 68%Other Technology 19%Other 3%Computers 3%Agriculture 3%Other Energy 3%
lead rate n/afollow-on rate n/anew logos, 12 months 31
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Material Impact Fund III, L.P. | Fund | 2022 form d first sale | Active deployment | $344M Mar 29, 2024 | 60 | $313M of $325M | Jun 3, 2022 |
| Material Impact Opportunity Fund I, L.P. | Opportunity fund | 2022 form d first sale | Active deployment | $75.3M Mar 29, 2024 | 16 | $76.4M of $150M | Mar 1, 2024 |
| Material Impact Fund II, L.P. | Fund | 2020 form d first sale | Mature | $193M Mar 29, 2024 | 52 | $195M of $200M | Jun 1, 2020 |
| Material Impact Fund I, L.P. | Fund | unknown | Unknown | $163M Mar 29, 2024 | 59 | $0 of $100M | Nov 9, 2016 |
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
6 current, 0 departed
Adam Sharkawy
PartnerMember · since Nov 1, 2016
Adam Sharkawy
PartnerMember · since Nov 1, 2016
Carmichael S. Roberts
PartnerMember · since Nov 1, 2016
Carmichael S. Roberts
PartnerMember · since Nov 1, 2016
Kenneth J. Dipoto
Platform and operationsChief Financial Officer · since Jan 1, 2018
Kenneth J. Dipoto
Platform and operationsChief Financial Officer · since Jan 1, 2018
Investments on record
31 edges, 31 companies, 0 partner-attributed
“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
16 relationships from shared deals, counted for the whole firm
TDK Ventures Inc. 2 shared · recurringWalden Catalyst 1 shared · one timeGroundforce Capital Management, LLC 1 shared · one timeRefinery Ventures 1 shared · one timeDCVC 1 shared · one timeAmplify Partners 1 shared · one timeAzolla Management Company, LP 1 shared · one timeLightsmith Climate Resilience Management LLC 1 shared · one timeStage 1 Managers LLC 1 shared · one timeEmerald Technology Ventures Ag 1 shared · one timeAnzu Partners 1 shared · one timeEngine Ventures 1 shared · one timePillar Companies Management, LLC 1 shared · one timeWestern Technology Investment (wti) 1 shared · one timeSiddhi Capital, LLC 1 shared · one timeEL Cap Holdings Capital Partners, LLC 1 shared · one time
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
6 dated events
- Mar 31, 2022Material Impact Fund III, L.P. first reported on Form ADV by Material Impact Management, LLC (Venture Capital Fund), GAV $155,454,545Fund first reported on Form ADVFundsFactMaterial Impact Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Material Impact Opportunity Fund I, L.P. first reported on Form ADV by Material Impact Management, LLC (Venture Capital Fund), GAV $51,237,374Fund first reported on Form ADVFundsFactMaterial Impact Opportunity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2020Material Impact Fund II, L.P. first reported on Form ADV by Material Impact Management, LLC (Venture Capital Fund), GAV $95,757,576Fund first reported on Form ADVFundsFactMaterial Impact Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2018Kenneth J. Dipoto joined Schedule A of Material Impact Management, LLC as Chief Financial Officer
- Jan 6, 2017Material Impact Management, 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)
- Jan 6, 2017Material Impact Fund I, L.P. first reported on Form ADV by Material Impact Management, LLC (Venture Capital Fund), GAV $29,144,861Fund first reported on Form ADVFundsFactMaterial Impact Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $775M
Evidence
50 observations from 3 sources