DFX Intelligence
Initialized VII L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- $114Msold at the filing
Latest Form D filed on 18 Sep 2026: $114M sold of $150M offered, 26 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2025basis: 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
- $150Mwhat may be sold, not what was raised; file 021-559148, sworn by the adviser or filed under this vehicle
- Form D sold
- $114Mas of the filing of Sep 18, 2026, 26 investors
- First sale
- Sep 30, 2025
- Reported GAV
- $0on the Form ADV filed Mar 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 14
- Reported on ADV
- unknown
Fundraising evidenceWhat 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.
Active offering evidence
Form D filed or amended 2026-09-18: sold $114.3M of a stated $150.0M offering (fr-1)
evidence dated Sep 18, 2026.
LifecycleFundraising
Form D within 18 months and the offering is not sold out
first sale: Sep 30, 2025vintage year: 2025adv gav as of: Mar 27, 2026vintage basis: Form d first saleform d sold: $114Mform d offering: $150Mform d latest filed at: Sep 18, 2026
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2026 | Venture Capital Fund | $0 | 14 | 3% |
Principals and agents
1 principal on Form D, 0 placement agents
- Brett Gibson Executive Officer
Service providers
none named
No auditor, administrator, custodian or placement agent is named for this vehicle on a filing DFX holds.
Limited partners and their reported performanceWhose 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 allocatorsWhat 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.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
4 events
- Sep 18, 2026Initialized VII L.P. filed Form D/A: $114,350,000 sold of $150,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 27, 2026Initialized VII L.P. first reported on Form ADV by Initialized Capital Management, LLC (Venture Capital Fund)Fund first reported on Form ADV Inference Form ADV
- Sep 29, 2025Initialized Capital Management, LLC filed the first Form D for Initialized VII L.P. (fund 7), its next fund after Initialized VI L.P. (vintage 2021); offering $150.0MFund next filed Inference no URL
- Sep 29, 2025Initialized VII L.P. filed Form D: no sales yet of $150,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 18, 2026 Fact Form D
- Entity type: Limited Partnership Sep 29, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Sep 18, 2026 Fact Form D
- Form D fund type: Venture Capital Fund Sep 29, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 18, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 29, 2025 Fact Form D
- Amendment: true Sep 18, 2026 Fact Form D
- Amendment: false Sep 29, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Sep 18, 2026 Fact Form D
- Revenue range (Form D): Not Applicable Sep 29, 2025 Fact Form D
- Incorporated: withinFiveYears Sep 18, 2026 Fact Form D
- Incorporated: withinFiveYears Sep 29, 2025 Fact Form D
- Jurisdiction: Delaware Sep 18, 2026 Fact Form D
- Jurisdiction: Delaware Sep 29, 2025 Fact Form D
- Amount sold (Form D): $114M Sep 18, 2026 Fact Form D
- Amount sold (Form D): $0 Sep 29, 2025 Fact Form D
- Offering amount (Form D): $150M Sep 18, 2026 Fact Form D
- Offering amount (Form D): $150M Sep 29, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 18, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 29, 2025 Fact Form D
- First sale: 2025-09-30 Sep 18, 2026 Fact Form D
- Investors (Form D): 26 Sep 18, 2026 Fact Form D
- Investors (Form D): 0 Sep 29, 2025 Fact Form D
- Minimum investment (Form D): 0 Sep 18, 2026 Fact Form D
- Minimum investment (Form D): 0 Sep 29, 2025 Fact Form D
- Securities offered: pooled Sep 18, 2026 Fact Form D
- Securities offered: pooled Sep 29, 2025 Fact Form D
- Office address: Sep 18, 2026 Fact Form D
- Office address: Sep 29, 2025 Fact Form D
- Year of incorporation: 2025 Sep 18, 2026 Fact Form D
- Year of incorporation: 2025 Sep 29, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Initialized VII L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2026-09-18source on record
- Fund first reported on ADV2026-03-27source on record
- Form D filed2025-09-29source 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.