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 / Initialized Annex L.P.
Initialized Annex L.P.
HarvestClosed to new capitalContinuation vehicleADV: Venture Capital FundInitialized Capital Management, LLCDelaware
Amounts, each with its basis
- Vintage
- 2017basis: 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
- $107Mwhat may be sold, not what was raised; file 021-294653, sworn by the adviser or filed under this vehicle
- Form D sold
- $107Mas of the filing of Oct 2, 2018, 35 investors
- First sale
- Sep 14, 2017
- Reported GAV
- $146Mon the Form ADV filed Oct 30, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Mar 1, 2018 to Oct 30, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2018-10-02: the stated $106.9M offering reported fully sold (fr-1)
evidence dated Oct 2, 2018. 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: 9first sale: 2017-09-14vintage year: $2,017adv gav as of: 2024-10-30vintage basis: form_d_first_saleform d sold usd: $107Mform d offering usd: $107Mform d latest filed at: 2018-10-02
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 1, 2018 | Venture Capital Fund | $22.1M | 27 | 1% | yes | ||
| Apr 6, 2018 | Venture Capital Fund | $22.1M | 27 | 1% | yes | ||
| Mar 30, 2019 | Venture Capital Fund | $90.1M | 35 | 1% | yes | ||
| Mar 31, 2020 | Venture Capital Fund | $123M | 35 | 1% | yes | ||
| Jul 28, 2020 | Venture Capital Fund | $123M | 35 | 1% | yes | ||
| Mar 25, 2021 | Venture Capital Fund | $141M | 35 | 1% | yes | ||
| Mar 31, 2022 | Venture Capital Fund | $216M | 35 | 1% | yes | ||
| Feb 8, 2023 | Venture Capital Fund | $216M | 35 | 1% | yes | ||
| Mar 27, 2023 | Venture Capital Fund | $201M | 35 | 1% | yes | ||
| Mar 29, 2024 | Venture Capital Fund | $146M | 35 | 1% | yes | ||
| Oct 30, 2024 | Venture Capital Fund | $146M | 35 | 1% | yes |
Principals and agents
2 principals on Form D, 0 placement agents
- Alexis Ohanian Executive Officer
- Garry Tan Executive Officer
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
3 events
- Oct 2, 2018Initialized Annex L.P. filed Form D/A: $106,922,003 sold of $106,922,003, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 1, 2018Initialized Annex L.P. first reported on Form ADV by Initialized Capital Management, LLC (Venture Capital Fund), GAV $22,055,025Fund 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)
- Sep 13, 2017Initialized Annex L.P. filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
30 observations
Every observation on this vehicle
- Entity type: Limited Partnership Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: yetToBeFormed Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $107M Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $107M Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $100M Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2017-09-14 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 35 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 464 TEHAMA STREET, SAN FRANCISCO, CA, 94103 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 464 TEHAMA STREET, SAN FRANCISCO, CA, 94103 Sep 13, 2017 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2017 Oct 2, 2018 Fact SEC EDGAR Form D data sets (quarterly)