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 / Upfront VI, L.P.
Upfront VI, L.P.
Amounts, each with its basis
- Vintage
- 2018basis: adv first reported
- 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
- $380Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the adviser itself named on the filing, the general partner the adviser swears for this fund, the filing's signer sitting on the adviser's roster, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-287770
- Form D sold
- $0as of the filing of May 31, 2017
- First sale
- unknown
- Reported GAV
- $583Mon the Form ADV filed Mar 26, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 59
- Reported on ADV
- Mar 30, 2018 to Mar 26, 2024
Fundraising evidence
Unknown
latest Form D 2017-05-31, older than 15 months (fr-1)
evidence dated May 31, 2017. 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
Harvest
vintage over 7 years, still reported
age years: 8first sale: n/avintage year: $2,018adv gav as of: 2024-03-26vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $380Mform d latest filed at: 2017-05-31
The fund's own reporting through time
12 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2018 | Venture Capital Fund | $389M | 58 | $250,000 | 3% | yes | |
| Mar 30, 2019 | Venture Capital Fund | $112M | 58 | $250,000 | 3% | yes | |
| Mar 30, 2020 | Venture Capital Fund | $191M | 58 | $250,000 | 3% | yes | |
| Apr 1, 2021 | Venture Capital Fund | $309M | 58 | $250,000 | 3% | yes | |
| Oct 25, 2021 | Venture Capital Fund | $542M | 58 | $250,000 | 3% | yes | |
| Nov 2, 2021 | Venture Capital Fund | $542M | 58 | $250,000 | 3% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $719M | 59 | $250,000 | 3% | yes | |
| Sep 16, 2022 | Venture Capital Fund | $719M | 59 | $250,000 | 3% | yes | |
| Mar 29, 2023 | Venture Capital Fund | $637M | 59 | $250,000 | 3% | yes | |
| Apr 14, 2023 | Venture Capital Fund | $637M | 59 | $250,000 | 3% | yes | |
| Jul 14, 2023 | Venture Capital Fund | $637M | 59 | $250,000 | 3% | yes | |
| Mar 26, 2024 | Venture Capital Fund | $583M | 59 | $250,000 | 3% | yes |
Principals and agents
4 principals on Form D, 0 placement agents
- Mark Suster Director
- Upfront GP VI, LLC Director
- Upfront Ventures Management, Inc. Director
- Yves Sisteron Director
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2017 | n/a | n/a | n/a | n/a | 8.8% | 1.6x | Dec 31, 2025 |
Each 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).
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
- Dec 31, 2025LACERS reports Upfront VI: an undisclosed amount committed, vintage 2017, net IRR 8.8%, 1.56xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 30, 2018Upfront VI, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $388,930,717Fund 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)
- May 31, 2017Upfront VI, L.P. filed Form D: no sales yet of $380,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
14 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: yetToBeFormed May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $380M May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 1314 7TH STREET, SANTA MONICA, CA, 90401 May 31, 2017 Fact SEC EDGAR Form D data sets (quarterly)