DFX Intelligence
Practical Vc - Flash 2a, Lp/california
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownOutside venture scope
A non-venture vehicle outside venture scope, shown because its manager is on the venture graph.
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: 14 Apr 2021, Latest Form D filed on 14 Apr 2021: no amount sold reported. 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
- unknownno dated first sale or first report yet
- 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
- indefinitewhat may be sold, not what was raised; joined by exact issuer name, corroborated by the filing's signer sitting on the adviser's roster, not sworn by the adviser (confidence 0.85); file 021-395755
- Form D sold
- $0as of the filing of Apr 14, 2021
- First sale
- unknown
- Reported GAV
- $11.6Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 53
- Reported on ADV
- Sep 12, 2026 to Sep 12, 2026
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.
Unknown
latest Form D 2021-04-14, older than 15 months (fr-1)
evidence dated Apr 14, 2021.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Sep 12, 2026vintage basis: n/aform d sold: $0form d offering: n/aform d latest filed at: Apr 14, 2021
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 | $11.6M | 53 | $15,000 | 10% |
Principals and agents
2 principals on Form D, 0 placement agents
- General Partner Practical VC, LLC Promoter
- Practical Vc, LLC general partner (ADV 7.B.(1).A.3)
Service providers
2 named on Form ADV Schedule D and Form D
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 6, 2026 reports.adviserinfo.sec.gov
- CustodianCarta · SALT LAKE CITY, Utah, United StatesForm ADV filed Mar 6, 2026 reports.adviserinfo.sec.gov
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 12, 2026Practical Vc - Flash 2a, Lp/california first reported on Form ADV by Practical Vc Investment Advisor, LLC, GAV $11,568,693Fund first reported on Form ADV Fact Form ADV
- Apr 25, 2024Custodian changed: Carta replaced Assure, first reported on the Form ADV filed April 25, 2024 (previous filing June 13, 2023)Custodian changed Fact Form ADV
- Jun 13, 2023Administrator changed: Carta replaced Assure, first reported on the Form ADV filed June 13, 2023 (previous filing March 24, 2022)Administrator changed Fact Form ADV
- Apr 14, 2021Practical VC - Flash 2A, LP/ California filed Form D: no sales yet (indefinite offering), Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Adv pdf fund: PRACTICAL VC - FLASH 2A, LP/CALIFORNIA Sep 12, 2026 Fact Form ADV
- Entity type: Limited Partnership Apr 14, 2021 Fact Form D
- Form D fund type: Venture Capital Fund Apr 14, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 14, 2021 Fact Form D
- Amendment: false Apr 14, 2021 Fact Form D
- Revenue range (Form D): Decline to Disclose Apr 14, 2021 Fact Form D
- Incorporated: withinFiveYears Apr 14, 2021 Fact Form D
- Jurisdiction: Delaware Apr 14, 2021 Fact Form D
- Amount sold (Form D): $0 Apr 14, 2021 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Apr 14, 2021 Fact Form D
- Indefinite offering: true Apr 14, 2021 Fact Form D
- Investors (Form D): 0 Apr 14, 2021 Fact Form D
- Minimum investment (Form D): 0 Apr 14, 2021 Fact Form D
- Securities offered: pooled Apr 14, 2021 Fact Form D
- Office address: Apr 14, 2021 Fact Form D
- Year of incorporation: 2020 Apr 14, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Practical Vc - Flash 2a, Lp/california is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-09-12source on record
- Form D filed2021-04-14source 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.