DFX Intelligence
Upfront VII, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional placement agent
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
- +179%reported GAV
Reported gross assets rose from $93.2M to $260M between the Form ADV filings of 26 Mar 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2020basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $280Mwhat may be sold, not what was raised; file 021-369545, sworn by the adviser or filed under this vehicle
- Form D sold
- $280Mas of the filing of Jul 26, 2022, 52 investors
- First sale
- Jun 24, 2020
- Reported GAV
- $260Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 52
- Reported on ADV
- Apr 1, 2021 to Mar 31, 2026
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Closed to new capital
Form D filed or amended 2022-07-26: the stated $280.2M offering reported fully sold (fr-1)
evidence dated Jul 26, 2022.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Jun 24, 2020vintage year: 2020adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $280Mform d offering: $280Mform d latest filed at: Jul 26, 2022
The fund's own reporting through time
10 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Apr 1, 2021 | Venture Capital Fund | $0 | 28 | 0% | no | ||
| Oct 25, 2021 | Venture Capital Fund | $195M | 28 | 0% | yes | ||
| Nov 2, 2021 | Venture Capital Fund | $195M | 28 | 0% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $270M | 52 | 3% | yes | ||
| Sep 16, 2022 | Venture Capital Fund | $270M | 52 | 3% | yes | ||
| Mar 29, 2023 | Venture Capital Fund | $62.6M | 52 | 3% | yes | ||
| Apr 14, 2023 | Venture Capital Fund | $62.6M | 52 | 3% | yes | ||
| Jul 14, 2023 | Venture Capital Fund | $62.6M | 52 | 3% | yes | ||
| Mar 26, 2024 | Venture Capital Fund | $93.2M | 52 | 3% | yes | ||
| Mar 31, 2026 | Venture Capital Fund | $260M | 52 | 3% |
Principals and agents
2 principals on Form D, 0 placement agents
- Upfront GP VII, LLC Director
- Mark Suster Director
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorGP FUND SOLUTIONS, LLC · LATHAM, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.1 relationship, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Bainum Family Foundation | FOUNDATION | $741,037 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- Jul 26, 2022Upfront VII, L.P. filed Form D/A: $280,158,300 sold of $280,158,300, Venture Capital FundForm D filed Fact Form D
- Apr 1, 2021Upfront VII, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADV Fact Form ADV
- Jun 23, 2020Upfront VII, L.P. filed Form D: no sales yet of $280,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
46 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact Form D
- Entity type: Limited Partnership Jul 26, 2022 Fact Form D
- Entity type: Limited Partnership Jun 23, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Fact Form D
- Form D fund type: Venture Capital Fund Jul 26, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jun 23, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Fact Form D
- Form D industry group: Pooled Investment Fund Jul 26, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 23, 2020 Fact Form D
- Amendment: false Fact Form D
- Amendment: true Jul 26, 2022 Fact Form D
- Amendment: false Jun 23, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 26, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jun 23, 2020 Fact Form D
- Incorporated: withinFiveYears Fact Form D
- Incorporated: withinFiveYears Jul 26, 2022 Fact Form D
- Incorporated: withinFiveYears Jun 23, 2020 Fact Form D
- Jurisdiction: Delaware Fact Form D
- Jurisdiction: Delaware Jul 26, 2022 Fact Form D
- Jurisdiction: Delaware Jun 23, 2020 Fact Form D
- Amount sold (Form D): $0 Fact Form D
- Amount sold (Form D): $280M Jul 26, 2022 Fact Form D
- Amount sold (Form D): $0 Jun 23, 2020 Fact Form D
- Offering amount (Form D): $280M Fact Form D
- Offering amount (Form D): $280M Jul 26, 2022 Fact Form D
- Offering amount (Form D): $280M Jun 23, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jul 26, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Jun 23, 2020 Fact Form D
- First sale: 2020-06-24 Jul 26, 2022 Fact Form D
- Investors (Form D): 0 Fact Form D
- Investors (Form D): 52 Jul 26, 2022 Fact Form D
- Investors (Form D): 0 Jun 23, 2020 Fact Form D
- Minimum investment (Form D): 0 Fact Form D
- Minimum investment (Form D): 0 Jul 26, 2022 Fact Form D
- Minimum investment (Form D): 0 Jun 23, 2020 Fact Form D
- Securities offered: pooled Fact Form D
- Securities offered: pooled Jul 26, 2022 Fact Form D
- Securities offered: pooled Jun 23, 2020 Fact Form D
- Office address: Fact Form D
- Office address: Jul 26, 2022 Fact Form D
- Office address: Jun 23, 2020 Fact Form D
- Year of incorporation: 2020 Fact Form D
- Year of incorporation: 2020 Jul 26, 2022 Fact Form D
- Year of incorporation: 2020 Jun 23, 2020 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Upfront VII, L.P. is the same institution as 3 records in Allocators, RIA and Wealth and Family Offices.
Allocators1RIA and Wealth1Family Offices1
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2022-07-26source on record
- Fund first reported on ADV2021-04-01source on record
- Form D filed2020-06-23source 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.