DFX Intelligence
Innovative Fund, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents
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
- -48%reported GAV
Reported gross assets fell from $21.7M to $11.2M between the Form ADV filings of 2 Oct 2024 and 27 Aug 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
- 2017basis: 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
- $20.0Mwhat may be sold, not what was raised; file 021-271473, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Sep 28, 2016
- First sale
- unknown
- Reported GAV
- $11.2Mon the Form ADV filed Aug 27, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 6
- Reported on ADV
- Mar 29, 2017 to Aug 27, 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.Unknown
latest Form D 2016-09-28, older than 15 months (fr-1)
evidence dated Sep 28, 2016.
Lifecycle
Harvest
Lifecycle
vintage over 7 years, still reported
age years: 9first sale: n/avintage year: 2017adv gav as of: Aug 27, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $20.0Mform d latest filed at: Sep 28, 2016
The fund's own reporting through time
13 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2017 | Venture Capital Fund | $22.0M | 6 | $500,000 | 0% | no | |
| Apr 6, 2017 | Venture Capital Fund | $22.0M | 6 | $500,000 | 0% | no | |
| Mar 27, 2018 | Venture Capital Fund | $32.0M | 6 | $500,000 | 0% | no | |
| Mar 28, 2019 | Venture Capital Fund | $52.7M | 6 | $500,000 | 0% | no | |
| Mar 24, 2020 | Venture Capital Fund | $39.1M | 6 | $500,000 | 0% | no | |
| May 28, 2020 | Venture Capital Fund | $39.1M | 6 | $500,000 | 0% | no | |
| Jul 28, 2020 | Venture Capital Fund | $39.1M | 6 | $500,000 | 0% | no | |
| Mar 30, 2021 | Venture Capital Fund | $41.8M | 6 | $500,000 | 0% | no | |
| Mar 28, 2022 | Venture Capital Fund | $51.4M | 6 | $500,000 | 0% | no | |
| Mar 30, 2023 | Venture Capital Fund | $27.0M | 6 | $500,000 | 0% | no | |
| Mar 22, 2024 | Venture Capital Fund | $21.7M | 6 | $500,000 | 0% | no | |
| Oct 2, 2024 | Venture Capital Fund | $21.7M | 6 | $500,000 | 0% | no | |
| Aug 27, 2026 | Venture Capital Fund | $11.2M | 6 | $500,000 | 0% |
Principals and agents
2 principals on Form D, 0 placement agents
- Collab+Consumer GP, LLC Director
- Craig J. Shapiro Director
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBDO · PHILADELPHIA, Pennsylvania, United StatesForm ADV filed Aug 27, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Aug 27, 2026 reports.adviserinfo.sec.gov
- CustodianPACIFIC WESTERN BANK · LOS ANGELES, California, United StatesForm ADV filed Aug 27, 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
3 events
- Aug 26, 2026Administrator changed: Carta replaced Standish Management, first reported on the Form ADV filed August 26, 2026 (previous filing March 27, 2026)Administrator changed Fact Form ADV
- Mar 29, 2017Innovative Fund, LLC first reported on Form ADV by Simple Capital Management, LLC (Venture Capital Fund), GAV $22,034,275Fund first reported on Form ADV Fact Form ADV
- Sep 28, 2016Collab Consumer I, L.P. filed Form D: no sales yet of $20,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
14 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 28, 2016 Fact Form D
- Form D fund type: Venture Capital Fund Sep 28, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 28, 2016 Fact Form D
- Amendment: false Sep 28, 2016 Fact Form D
- Revenue range (Form D): Decline to Disclose Sep 28, 2016 Fact Form D
- Incorporated: yetToBeFormed Sep 28, 2016 Fact Form D
- Jurisdiction: Delaware Sep 28, 2016 Fact Form D
- Amount sold (Form D): $0 Sep 28, 2016 Fact Form D
- Offering amount (Form D): $20.0M Sep 28, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 28, 2016 Fact Form D
- Investors (Form D): 0 Sep 28, 2016 Fact Form D
- Minimum investment (Form D): 0 Sep 28, 2016 Fact Form D
- Securities offered: pooled Sep 28, 2016 Fact Form D
- Office address: Sep 28, 2016 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Innovative Fund, LLC 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
1 identity change, 3 dated events on the change ledger, latest event first
- Fund folded2026-09-14
- Fund first reported on ADV2017-03-29source on record
- Fund first reported on ADV2017-03-29source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.