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 / Heroic Ventures Spv Xxvii, LLC

Heroic Ventures Spv Xxvii, LLC

Active deploymentClosed to new capitalSPV or co-invest vehicleADV: Venture Capital FundOutput Capital Management, LLCDelaware
Amounts, each with its basis
Vintage
2022basis: 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
$925,000what may be sold, not what was raised; file 021-437188, sworn by the adviser or filed under this vehicle
Form D sold
$925,000as of the filing of Mar 14, 2022, 13 investors
First sale
Mar 1, 2022
Reported GAV
$3.9Mon the Form ADV filed Sep 12, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
13
Reported on ADV
May 4, 2022 to Sep 12, 2026
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-03-14: the stated $925,000 offering reported fully sold (fr-1)
evidence dated Mar 14, 2022. 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
Active deployment
vintage 2 to 4 years
age years: 4first sale: 2022-03-01vintage year: $2,022adv gav as of: 2026-09-12vintage basis: form_d_first_saleform d sold usd: $925,000form d offering usd: $925,000form d latest filed at: 2022-03-14
The fund's own reporting through time
4 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
May 4, 2022Venture Capital Fund$925,000
130%no
Mar 28, 2023Venture Capital Fund$889,440
130%no
Mar 28, 2024Venture Capital Fund$991,111
130%no
Sep 12, 2026Venture Capital Fund$3.9M
13$25,0000%
Principals and agents
3 principals on Form D, 0 placement agents
  • Matt Robinson Director
  • Heroic Ventures SPV ARIA GP, LLC Director
  • Heroic Ventures SPV ARIA GP, LLC general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
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.
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
2 events
  1. May 4, 2022
    Heroic Ventures Spv Xxvii, LLC first reported on Form ADV by Heroic Ventures Management, LLC (Venture Capital Fund), GAV $925,000
    Fund 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)
  2. Mar 14, 2022
    Heroic Ventures SPV XXVII, LLC filed Form D: $925,000 sold of $925,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
17 observations
Every observation on this vehicle