DFX Intelligence
AI Venture Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 27 Aug 2025, Latest Form D filed on 27 Aug 2025: $189M sold of $189M offered, 30 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: 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
- $189Mwhat may be sold, not what was raised; file 021-497998, sworn by the adviser or filed under this vehicle
- Form D sold
- $189Mas of the filing of Aug 27, 2025, 30 investors
- First sale
- Nov 28, 2023
- Reported GAV
- $191Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 34
- Reported on ADV
- Sep 12, 2026 to Sep 12, 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 2025-08-27: the stated $188.8M offering reported fully sold (fr-1)
evidence dated Aug 27, 2025.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 3first sale: Nov 28, 2023vintage year: 2023adv gav as of: Sep 12, 2026vintage basis: Form d first saleform d sold: $189Mform d offering: $189Mform d latest filed at: Aug 27, 2025
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Sep 12, 2026 | Venture Capital Fund | $191M | 34 | 1% |
Principals and agents
2 principals on Form D, 0 placement agents
- Andrew Ng Executive Officer
- AI Fund GP II, LLC general partner (ADV 7.B.(1).A.3)
Service providers
2 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Mar 24, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · PALO ALTO, California, United StatesForm ADV filed Mar 24, 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.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
- Aug 27, 2025AI Venture Fund II, L.P. filed Form D/A: $188,800,000 sold of $188,800,000, Venture Capital FundForm D filed Fact Form D
- Jan 13, 2025AI Venture Fund II, L.P. filed Form D/A: $134,750,000 sold of $175,000,000, Venture Capital FundForm D filed Fact Form D
- Jun 27, 2024AI Venture Fund II, L.P. filed Form D/A: $69,750,000 sold of $120,000,000, Venture Capital FundForm D filed Fact Form D
- Nov 22, 2023AI Venture Fund II, L.P. filed Form D: no sales yet of $50,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
64 observations
Every observation on this vehicle
- Adv pdf fund: AI VENTURE FUND II, L.P. Sep 12, 2026 Fact Form ADV
- Entity type: Limited Partnership Aug 27, 2025 Fact Form D
- Entity type: Limited Partnership Jan 13, 2025 Fact Form D
- Entity type: Limited Partnership Jun 27, 2024 Fact Form D
- Entity type: Limited Partnership Nov 22, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Aug 27, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Jan 13, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Jun 27, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Nov 22, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 27, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jan 13, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Jun 27, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 22, 2023 Fact Form D
- Amendment: true Aug 27, 2025 Fact Form D
- Amendment: true Jan 13, 2025 Fact Form D
- Amendment: true Jun 27, 2024 Fact Form D
- Amendment: false Nov 22, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Aug 27, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Jan 13, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Jun 27, 2024 Fact Form D
- Revenue range (Form D): Not Applicable Nov 22, 2023 Fact Form D
- Incorporated: withinFiveYears Aug 27, 2025 Fact Form D
- Incorporated: withinFiveYears Jan 13, 2025 Fact Form D
- Incorporated: withinFiveYears Jun 27, 2024 Fact Form D
- Incorporated: withinFiveYears Nov 22, 2023 Fact Form D
- Jurisdiction: Delaware Aug 27, 2025 Fact Form D
- Jurisdiction: Delaware Jan 13, 2025 Fact Form D
- Jurisdiction: Delaware Jun 27, 2024 Fact Form D
- Jurisdiction: Delaware Nov 22, 2023 Fact Form D
- Amount sold (Form D): $189M Aug 27, 2025 Fact Form D
- Amount sold (Form D): $135M Jan 13, 2025 Fact Form D
- Amount sold (Form D): $69.8M Jun 27, 2024 Fact Form D
- Amount sold (Form D): $0 Nov 22, 2023 Fact Form D
- Offering amount (Form D): $189M Aug 27, 2025 Fact Form D
- Offering amount (Form D): $175M Jan 13, 2025 Fact Form D
- Offering amount (Form D): $120M Jun 27, 2024 Fact Form D
- Offering amount (Form D): $50.0M Nov 22, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Aug 27, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Jan 13, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Jun 27, 2024 Fact Form D
- Exemptions: 06c, 3C, 3C.7 Nov 22, 2023 Fact Form D
- First sale: 2023-11-28 Aug 27, 2025 Fact Form D
- First sale: 2023-11-28 Jan 13, 2025 Fact Form D
- First sale: 2023-11-28 Jun 27, 2024 Fact Form D
- Investors (Form D): 30 Aug 27, 2025 Fact Form D
- Investors (Form D): 20 Jan 13, 2025 Fact Form D
- Investors (Form D): 13 Jun 27, 2024 Fact Form D
- Investors (Form D): 0 Nov 22, 2023 Fact Form D
- Minimum investment (Form D): 0 Aug 27, 2025 Fact Form D
- Minimum investment (Form D): 0 Jan 13, 2025 Fact Form D
- Minimum investment (Form D): 0 Jun 27, 2024 Fact Form D
- Minimum investment (Form D): 0 Nov 22, 2023 Fact Form D
- Securities offered: pooled Aug 27, 2025 Fact Form D
- Securities offered: pooled Jan 13, 2025 Fact Form D
- Securities offered: pooled Jun 27, 2024 Fact Form D
- Securities offered: pooled Nov 22, 2023 Fact Form D
- Office address: Aug 27, 2025 Fact Form D
- Office address: Jan 13, 2025 Fact Form D
- Office address: Jun 27, 2024 Fact Form D
- Office address: Nov 22, 2023 Fact Form D
- Year of incorporation: 2023 Aug 27, 2025 Fact Form D
- Year of incorporation: 2023 Jan 13, 2025 Fact Form D
- Year of incorporation: 2023 Jun 27, 2024 Fact Form D
- Year of incorporation: 2023 Nov 22, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
AI Venture Fund II, 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
4 dated events on the change ledger, latest event first
- Form D filed2025-08-27source on record
- Form D filed2025-01-13source on record
- Form D filed2024-06-27source on record
+1 more change on this record's ledger
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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.