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.
Funds / Initialized Superclass Iss L.P.
Initialized Superclass Iss L.P.
Amounts, each with its basis
- Vintage
- 2019basis: 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
- $50.0Mwhat may be sold, not what was raised; file 021-342647, sworn by the adviser or filed under this vehicle
- Form D sold
- $50.0Mas of the filing of Jun 24, 2019, 21 investors
- First sale
- Jun 12, 2019
- Reported GAV
- $224Mon the Form ADV filed Oct 30, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 24
- Reported on ADV
- Mar 31, 2020 to Oct 30, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2019-06-24: the stated $50.0M offering reported fully sold (fr-1)
evidence dated Jun 24, 2019. A 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.
Lifecycle
Mature
vintage 4 to 7 years
age years: 7first sale: 2019-06-12vintage year: $2,019adv gav as of: 2024-10-30vintage basis: form_d_first_saleform d sold usd: $50.0Mform d offering usd: $50.0Mform d latest filed at: 2019-06-24
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2020 | Venture Capital Fund | $32.4M | 22 | 1% | yes | ||
| Jul 28, 2020 | Venture Capital Fund | $32.4M | 22 | 1% | yes | ||
| Mar 25, 2021 | Venture Capital Fund | $62.8M | 22 | 1% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $201M | 22 | 1% | yes | ||
| Feb 8, 2023 | Venture Capital Fund | $201M | 22 | 1% | yes | ||
| Mar 27, 2023 | Venture Capital Fund | $353M | 24 | 1% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $224M | 24 | 1% | yes | ||
| Oct 30, 2024 | Venture Capital Fund | $224M | 24 | 1% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- Garry Tan Executive Officer
- Alexis Ohanian Executive Officer
Limited partners and their reported performance
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.
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
2 events
- Mar 31, 2020Initialized Superclass Iss L.P. first reported on Form ADV by Initialized Capital Management, LLC (Venture Capital Fund), GAV $32,403,312Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 24, 2019Initialized Superclass Iss L.P. filed Form D: $50,000,000 sold of $50,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
32 observations
Every observation on this vehicle
- Entity type: Limited Partnership Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $50.0M Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $50.0M Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $50.0M Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $50.0M Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-06-12 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2019-06-12 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 21 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 21 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 464 TEHAMA STREET, SAN FRANCISCO, CA, 94103 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 464 TEHAMA STREET, SAN FRANCISCO, CA, 94103 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2019 Jun 24, 2019 Fact SEC EDGAR Form D data sets (quarterly)