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 / Hwvp Management Company, L.L.C.
Hwvp Management Company, L.L.C.
From first institutional capital through the long haul, we help forward thinkers realize their visions.
venture manager, reported GAV $259M across 5 vehicles
Importance
40
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
99
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 4159799600adviserinfo.sec.gov
- Website
- https://aspenwoodvc.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 27, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $205Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 4159799600adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
97 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software
- Stages
- early
- Geography
- not stated
- 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 100%
lead rate n/afollow-on rate n/anew logos, 12 months 97
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Aspenwood II, LP | Fund | 2023 form d first sale | Active deployment | $37.8M Mar 28, 2024 | 52 | $53.4M of $75.0M | Nov 13, 2024 |
| Aspenwood Spv II, LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $11.0M Mar 28, 2024 | 58 | unknown | unknown |
| Aspenwood Spv I, LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $5.0M Mar 28, 2024 | 26 | unknown | unknown |
| Hummer Winblad Venture Partners Viii, L.P. | Fund | 2021 adv first reported | Mature | $94.5M Mar 28, 2024 | 95 | unknown | unknown |
| Hummer Winblad Venture Partners VII, L.P. | Fund | 2016 form d first sale | Harvest | $111M Mar 28, 2024 | 54 | $30.0M of $125M | Mar 3, 2017 |
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
12 current, 3 departed
Greg Schott
Founder or executiveCEO, MuleSoft
Josh James
Founder or executiveCEO, Omniture
Mike Burkland
Founder or executiveCEO, Five9
Ann Winblad
Managing partnerFounding Partner
John Hummer
PartnerSeattle Partner
Lars Gavin Leckie
PartnerMember · since Mar 1, 2016
Lars Leckie
PartnerManaging Director
Mitchell Kertzman
PartnerManaging Director
Steve Kishi
PartnerManaging Director
Steven Y Kishi
PartnerMember · since Mar 1, 2016
Maria Mulcahy
Platform and operationsChief Financial Officer · since Jul 1, 2021
Platform and operations
3 departed (kept with end dates)
- Mitchell Eliot Kertzman · Member · Mar 1, 2016 to Jul 7, 2023 Inference
- Steve Kishi · Managing Director · ? to Sep 16, 2026 Inference
- Ingrid Mandel Chiavacci · Chief Financial Officer · Mar 1, 2016 to Mar 31, 2022 Inference
Investments on record
97 edges, 97 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
15 relationships from shared deals, counted for the whole firm
Sapphire Ventures, LLC 2 shared · recurringOAK Management Corporation 2 shared · recurringInstitutional Venture 2 shared · recurringHummingbird Ventures V US GP LLC 1 shared · one timeGolden Ventures 1 shared · one timeTitletowntech Ventures LLC 1 shared · one timeCentana Management, LLC 1 shared · one timeIcon Ventures 1 shared · one timeCrane Venture Partners LLP 1 shared · one timeSignal Peak Ventures, LLC 1 shared · one timeMNS Global Capital Managers, LLC 1 shared · one timeLumia Capital 1 shared · one timeDallas Venture Capital 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeInterplay Ventures Early Stage Management 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
10 dated events
- Sep 16, 2026Steve Kishi (Managing Director) no longer on the team page of Hwvp Management Company, L.L.C.Person leftPeopleInferenceSteve KishiVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 28, 2024Aspenwood II, LP first reported on Form ADV by Hwvp Management Company, L.L.C. (Venture Capital Fund), GAV $37,806,122Fund first reported on Form ADVFundsFactAspenwood II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 7, 2023Mitchell Eliot Kertzman (Member) no longer on Schedule A of Hwvp Management Company, L.L.C.
- Mar 29, 2023Aspenwood Spv II, LLC first reported on Form ADV by Hwvp Management Company, L.L.C. (Venture Capital Fund), GAV $11,001,029Fund first reported on Form ADVFundsFactAspenwood Spv II, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Aspenwood Spv I, LLC first reported on Form ADV by Hwvp Management Company, L.L.C. (Venture Capital Fund), GAV $4,967,545Fund first reported on Form ADVFundsFactAspenwood Spv I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Ingrid Mandel Chiavacci (Chief Financial Officer) no longer on Schedule A of Hwvp Management Company, L.L.C.
- Jul 1, 2021Maria Mulcahy joined Schedule A of Hwvp Management Company, L.L.C. as Chief Financial Officer
- Mar 29, 2021Hummer Winblad Venture Partners Viii, L.P. first reported on Form ADV by Hwvp Management Company, L.L.C. (Venture Capital Fund), GAV $8,050,397Fund first reported on Form ADVFundsFactHummer Winblad Venture Partners Viii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 29, 2017Hwvp Management Company, L.L.C. 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)
- Aug 29, 2017Hummer Winblad Venture Partners VII, L.P. first reported on Form ADV by Hwvp Management Company, L.L.C. (Venture Capital Fund), GAV $66,287,649Fund first reported on Form ADVFundsFactHummer Winblad Venture Partners VII, 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, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $259M across 5 vehicles
Evidence
39 observations from 3 sources