Waterstar
Micro VC, based in Atlanta, Georgia, reporting $8.9M of fund assets across 3 funds.
Composed from this organization's classification, location and filed figures.
2 verified contacts (1 general firm email, 1 firm phone)
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 companynew in 12 months
1 new company in the last 12 months. Latest round Astrocyte Pharmaceuticals Series B ($9.5M round) on 30 Sep 2026.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
- ManagerWhy: Named with investment responsibilityNo route on file yet
Relationship network
9 connected entities1 observed roundrounds 2026
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.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
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 Waterstar: 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 Waterstar
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Astrocyte Pharmaceuticals | Series B · Series B | participant | unknown | $9.5M | unknown | Sep 30, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- atlanta, usa
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
2 current, 0 departed
Decision makers
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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Member
- Manager
Contacts
1 general firm email, 1 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
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Water Star Venus LLC | Fund | 2022 adv first reported | Active deployment | $3.6M Mar 18, 2024 | 13 | unknown | unknown |
| Water Star Mercury LLC | Fund | 2020 adv first reported | Mature | $3.4M Mar 18, 2024 | 14 | unknown | unknown |
| Water Star Fund LLC | Fund | unknown | Unknown | $1.9M Mar 18, 2024 | 8 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
3 co-investors
Co-investors
- 2026-09-301 shared deal · one time
- 2026-09-301 shared deal · one time
- 2026-09-301 shared deal · one time · they led 1
Evidence and history
4 dated events, 28 observations from 2 sources
Timeline
- Jan 12, 2022Water Star Venus LLC first reported on Form ADV by Waterstar (Venture Capital Fund), GAV $1,616,000
- Mar 8, 2020Water Star Mercury LLC first reported on Form ADV by Waterstar (Venture Capital Fund)
- Dec 11, 2018Waterstar first filed Form ADV (ERA, venture capital fund adviser exemption)
- Dec 11, 2018Water Star Fund LLC first reported on Form ADV by Waterstar (Venture Capital Fund), GAV $1,580,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 18, 2024 · 3 private fundsShowHide
- Headquarters
- Atlanta, GAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- wscapitalus.com
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 18, 2024
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $8.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried1 on recordShowHide
- Sep 12, 2026Micro VC (probable, 80%)Venture manager, reported GAV $8.9M across 3 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Exempt reporting adviser | Mar 18, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-12-11 | Mar 18, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-18 | Mar 18, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 18, 2024 | Fact | Form ADV |
| Business phone | Mar 18, 2024 | Fact | Form ADV | |
| Contact page url | Sep 16, 2026 | Fact | ||
| Headquarters | Atlanta, GA | Mar 18, 2024 | Fact | Form ADV |
| Office address | Mar 18, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 18, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 3 | Mar 18, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $8.9M | Mar 18, 2024 | Fact | Form ADV |
| Stated geography | Atlanta, usa “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Atlanta, usa “geography words on the home page” | Sep 15, 2026 | Fact | |
| Venture funds reported | 3 | Mar 18, 2024 | Fact | Form ADV |
| Website | Mar 18, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMicro VC, probableShowHide
Venture manager, reported GAV $8.9M across 3 vehicles
- importance
- gav: 0 · funds: 0.25 · people: 0.08 · investments: 0 · co investors: 0.19
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-09-30
- emerging manager
- fund count: 3 · reported gav: $8.9M · first adv filing: 2018-12-11 · years since first filing: 7.8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2018-12-11source 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.