Ethos Manager LLC

Private equity with venture activitySEC exempt reporting adviserClassification probable· San Francisco, Californiaethos.vc

Ethos empowers visionary entrepreneurs to bring their transformative ideas to life, fueling innovation and pushing society forward.

In the firm's own words, from its website.

Reported fund assets
$88.3M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
3
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

2 additional team members, 37 additional co-investors and affiliates, 37 additional investments, funds and LPs, 22 events, 1 verified contact (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. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 24 Jun 2026 ($16M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  2. 3 deals
    with Mac Venture Capital

    Invests most often alongside Mac Venture Capital (3 shared deals) and Founders Fund (3 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Partner, Manager
    Why: Partner: part of the investment decision
    No route on file yet
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Partner, Manager
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

88 connected entities

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.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • 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 Ethos Manager LLC: 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 Ethos Manager LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

22 companies on record, 0 new in 12 months

Investments on record

22 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Aimiportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Airtableportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Andurilportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website

Stated thesis versus observed behaviour

22 observed deals
Stated (the firm’s website)
Sectors
ai, deep tech
Stages
seed, series a
Geography
global
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
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (2)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

5 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • John Andreini · Partner, Manager
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Justin Ho · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Michael C Eddy · Partner, Manager
    Why this person: Partner: part of the investment decision; Named with investment responsibility

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

5 current, 0 departed

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

17 vehicles, 0 LPs disclosed

Funds and vehicles

17 reported, 4 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Ethos Nz LLCFund · ADV: Other Private Fund2022 form d first saleActive deployment$4.6M
Mar 25, 2026
33$4.7MMar 28, 2022
Ethos Ad II LLCFund · ADV: Other Private Fund2022 form d first saleActive deployment$1.2M
Mar 26, 2024
11$1.2MMar 8, 2023
Ethos Nfw LLCFund · ADV: Other Private Fund2022 form d first saleActive deployment$584,255
Mar 26, 2024
7$1.3MMar 8, 2023

Limited partners

0 LPs, 0 disclosed commitments
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.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

66 co-investors

Co-investors

66 counted from shared deals, for the whole firm

Evidence and history

27 dated events, 56 observations from 3 sources

Timeline

27 dated events
  1. seen on or beforeSep 24, 2026
    Ethos Manager LLC: MULTI_STAGE_VC -> PE_WITH_VENTURE_ACTIVITY (exempt reporting adviser (private fund exemption); venture funds are 10% of 13 private funds)
    Classification changedClassificationInference
  2. Mar 31, 2023
    Ethos Astra I LLC no longer reported on Form ADV by Ethos Manager LLC
    Fund no longer reportedFundsInferenceEthos Astra I LLCForm ADV
  3. Mar 31, 2023
    Ethos Astra LLC no longer reported on Form ADV by Ethos Manager LLC
    Fund no longer reportedFundsInferenceEthos Astra LLCForm ADV
  4. Mar 31, 2023
    Ethos Astra Stock LLC no longer reported on Form ADV by Ethos Manager LLC
    Fund no longer reportedFundsInferenceEthos Astra Stock LLCForm ADV
  5. Mar 31, 2023
    Ethos Ad II LLC first reported on Form ADV by Ethos Manager LLC (Other Private Fund), GAV $1,194,722
    Fund first reported on Form ADVFundsFactEthos Ad II LLCForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 13 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
ethos.vc
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Private fund adviseradviserinfo.sec.gov
Latest Form ADV
Mar 25, 2026
Private funds reported
13 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$88.3Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 24, 2026
    Private equity with venture activity (probable, 75%)
    Exempt reporting adviser (private fund exemption); venture funds are 10% of 13 private funds
  2. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $97M
  3. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $96M

Evidence

57 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 25, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserMar 25, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserMar 26, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2024FactForm ADV
First Form ADV filing2020-09-29Mar 25, 2026FactForm ADV
First Form ADV filing2020-09-29Mar 26, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2024-03-26Mar 26, 2024FactForm ADV
SEC statusERA - ActiveMar 25, 2026FactForm ADV
SEC status effective2020-09-29Mar 25, 2026FactForm ADV
Venture share of reported funds0Mar 25, 2026FactForm ADV
Venture share of reported funds0Mar 26, 2024FactForm ADV
Business phoneMar 25, 2026FactForm ADV
Business phoneMar 26, 2024FactForm ADV
Contact page urlSep 16, 2026Fact
DescriptionSep 16, 2026Fact
HeadquartersSan Francisco, CAMar 25, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 26, 2024FactForm ADV
Office addressMar 25, 2026FactForm ADV
Office addressMar 26, 2024FactForm ADV
Legal formLimited Liability CompanyMar 25, 2026FactForm ADV
Legal formLimited Liability CompanyMar 26, 2024FactForm ADV
Other funds reported11Mar 25, 2026FactForm ADV
Portfolio pageSep 16, 2026Fact
Private funds reported13Mar 25, 2026FactForm ADV
Private funds reported13Mar 25, 2026FactForm ADV
Private funds reported17Mar 26, 2024FactForm ADV
Private fund gross assets (reported)$88.3MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$88.3MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$95.7MMar 26, 2024FactForm ADV
Schedule a diffsadiff-1Mar 25, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, deep tech
“sector words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, series a
“stage words on the home page”
Sep 16, 2026Fact
Team pageSep 16, 2026Fact
Venture funds reported2Mar 25, 2026FactForm ADV
Venture funds reported2Mar 25, 2026FactForm ADV
Venture funds reported2Mar 26, 2024FactForm ADV
WebsiteMar 25, 2026FactForm ADV
WebsiteMar 26, 2024FactForm ADV
Site titleSep 16, 2026Fact
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShow
Importance
32
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Private equity with venture activity · probableSEC exempt reporting adviser

Exempt reporting adviser (private fund exemption); venture funds are 10% of 13 private funds

The inputs behind each score
importance
gav: 0.16 · funds: 0.17 · people: 0.2 · investments: 0.5 · scale basis: Venture-typed funds only (Private equity with venture activity): 2 funds, $34M of $88M reported · co investors: 0.74
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 21 · reported gav: $88.3M · first adv filing: 2020-09-29 · years since first filing: 6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-24
  • Adviser's first ADV filing
    2020-09-29source 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.