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.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

Firms / N••••••• C•••••• L••

N••••••• C•••••• L••

Institutional venture firmSan Francisco, CAn•••••••.comSEC venture capital fund adviser

N••••••• Capital is a Venture Capital firm focused on the Secondary Direct market for privately-owned technology companies.

venture manager, reported GAV $109M across 5 vehicles

Importance
18
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
56
elevated
Freshness
98
high
Research priority
10
low
Identity and regulatory footprint
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
ONE POST STREET, 5TH FLOOR, San Francisco, CA, 94104adviserinfo.sec.gov
Business phone
415-233-7000adviserinfo.sec.gov
Website
n•••••••.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 29, 2024
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$109Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
ale.v@novirian.comnovirian.compublished by the subject
business email
info@novirian.comnovirian.compublished by the subject
business email
esfandiar@novirian.comnovirian.compublished by the subject
business email
alessandro@novirian.comnovirian.compublished by the subject
business phone
415-233-7000adviserinfo.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
global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
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
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
N••••••• P•••••• I••• L•••Fund2023 form d first saleActive deployment$29.6M
Mar 29, 2024
1$30.0M
of $30.0M
Jun 29, 2023
N••••••• P•••••• I•• L•Fund2018 adv first reportedHarvest$9.0M
Mar 29, 2024
2unknownunknown
N••••••• P•••••• I•• L•••Fund2017 form d first saleHarvest$54.5M
Mar 29, 2024
1$30.0M
of $30.0M
Jul 19, 2017
N••••••• P•••••• • L•Fund2014 form d first saleHarvest$6.3M
Mar 29, 2024
1$25.0M
of $25.0M
Apr 7, 2014
N••••••• P••••••• L•••FundunknownUnknown$9.5M
Mar 29, 2024
1unknownunknown
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
Other
FactVenture organization websites (about, team, portfolio, thesis, news pages)
A••••••••• B••••
Managing Director · since Dec 1, 2011
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
E•••••••• L•••••••••
Managing Director · since Dec 1, 2011
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
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
6 dated events
  1. Mar 29, 2024
    N••••••• P•••••• I••• L••• first reported on Form ADV by N••••••• C•••••• L•• (Venture Capital Fund), GAV $29,595,429
    Fund first reported on Form ADVFundsFactN••••••• P•••••• I••• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 30, 2018
    N••••••• P•••••• I•• L••• first reported on Form ADV by N••••••• Capital (Venture Capital Fund), GAV $36,800,000
    Fund first reported on Form ADVFundsFactN••••••• P•••••• I•• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 30, 2018
    N••••••• P•••••• I•• L• first reported on Form ADV by N••••••• Capital (Venture Capital Fund), GAV $9,200,000
    Fund first reported on Form ADVFundsFactN••••••• P•••••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Nov 12, 2014
    N••••••• Capital 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)
  5. Nov 12, 2014
    N••••••• P•••••• • L• first reported on Form ADV by N••••••• Capital (Venture Capital Fund), GAV $25,932,680
    Fund first reported on Form ADVFundsFactN••••••• P•••••• • L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Nov 12, 2014
    N••••••• P••••••• L••• first reported on Form ADV by N••••••• Capital (Venture Capital Fund), GAV $20,892,180
    Fund first reported on Form ADVFundsFactN••••••• P••••••• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $109M across 5 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $90M across 3 vehicles
Evidence
47 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC exemption claimedventure_capital_fund_adviserMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
First Form ADV filing2014-11-12Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-29Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-29Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC statusERA - ActiveMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2014-11-12Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone415-233-7000Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone415-233-7000Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
DescriptionN••••••• Capital is a Venture Capital firm focused on the Secondary Direct market for privately-owned technology companies.
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersSan Francisco, CAMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
HeadquartersSan Francisco, CAMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office addressONE POST STREET, 5TH FLOOR, San Francisco, CA, 94104Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressONE POST STREET, 5TH FLOOR, San Francisco, CA, 94104Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Self-described typeventure_capital
“They currently manage venture funds with total committed capital in excess of $100 million and have completed a number of direct secondary transactions, involving the acquisitions of both venture fund”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported5Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private funds reported5Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$109MMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$109MMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://n•••••••.com/
“1 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported5Mar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture funds reported5Mar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
WebsiteHTTP://w••.n•••••••.comMar 29, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://w••.n•••••••.comMar 29, 2024FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Site titleN••••••• Capital | VC Fund
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)