This provider
The service provider's name, 767 additional funds served, 26 provider changes
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
- Lost1 fund
Angellist Advisors moved a fund from this provider to Belltower Fund Group (AngelList) as administrator.
A client that left; the filing names who replaced this provider.
- 0 / 1decisions won / lost
In the last 12 months advisers moved 0 funds to this provider (0 decisions) and 1 away (1 decision).
One adviser moving many vehicles on one filing is counted as one decision.
DerivedForm ADV and Form D filings, consecutive filings compared
A fund is served when its adviser names this provider in the role on the fund’s latest Form ADV, or names it as a sales compensation recipient on a Form D. Gross assets are the adviser’s own figure on Form ADV; an implausible figure is left out rather than printed.
| Fund | Manager | Role | Vintage | Gross assets | Latest filing |
|---|---|---|---|---|---|
| Obsidian Spice LLC | Angellist Advisors | Administrator | 2018 | $73.5M | Form ADV Mar 31, 2018 sec.gov |
| Al-Angellist-Fund, LLC | Angellist Advisors | Administrator | 2013 | $33.7M | Form ADV Mar 28, 2017 sec.gov |
| Bootstraplabs.vc Seed Fund 2016, L.P. | Bootstraplabs.vc LLC | Administrator | 2016 | $17.8M | Form ADV Mar 21, 2024 sec.gov |
- Angellist Advisors618 funds, $109M reported gross assets
- Bootstraplabs.vc LLC1 fund, $17.8M reported gross assets
- Republic Deal Room6 funds, $11.4M reported gross assets
- Mar 24, 2026Lost Administrator: Belltower Fund Group (AngelList) replaced this provider at Expansion Fund LP · Angellist AdvisorsForm ADV, previous Mar 31, 2022 reports.adviserinfo.sec.gov
- Mar 14, 2025Lost Administrator: FUNDRX CAPITAL MANAGEMENT, LLC replaced this provider at Fundrx Soundbite Fund, a Series of Fundrx Master Fund I, LLC and 2 more of the same manager’s funds · MBX CapitalForm ADV, previous Dec 10, 2020 reports.adviserinfo.sec.gov
- Apr 25, 2024Lost Custodian: Carta replaced this provider at PVC Secondary Fund 2, LP and 6 more of the same manager’s funds · Practical Vc Investment Advisor, LLCForm ADV, previous Jun 13, 2023 sec.gov
A decision is one manager’s filing that names a different provider in the role with none carried over. An acquisition is shown as a succession and never counted as won or lost; two names of one firm family are neither.
Named as administrator on 770 venture funds, 1.6% of the venture funds with an administrator on record. Won 0 and lost 5 adviser decisions from 2024 to 2026: a net loss of 5.
Who it serves, by manager type
| Funds | Managers | |
|---|---|---|
| Syndicate platform | 671 | 6 |
| Institutional venture firm | 22 | 12 |
| Multi-stage venture firm | 19 | 3 |
| Micro VC | 17 | 9 |
| Seed fund manager | 12 | 4 |
| Not classified | 11 | 2 |
By fund size
| Funds | Managers | |
|---|---|---|
| Under $25M | 768 | 43 |
| $25M to $100M | 2 | 1 |
By manager state
| Funds | Managers | |
|---|---|---|
| California | 637 | 12 |
| New York | 51 | 13 |
| Colorado | 25 | 2 |
| Utah | 9 | 1 |
| Florida | 6 | 1 |
| Massachusetts | 5 | 1 |
Adviser decisions by year
| Filing year | Won (funds) | Lost (funds) | By acquisition |
|---|---|---|---|
| 2026 | 0 (0) | 1 (1) | none |
| 2025 | 0 (0) | 1 (3) | none |
| 2024 | 0 (0) | 3 (9) | none |
| 2023 | 0 (0) | 45 (2,317) | none |
| 2022 | 0 (0) | 15 (2,296) | none |
Where it wins and loses: manager type
| Won | Lost | |
|---|---|---|
| Syndicate platform | 0 | 2 |
| Corporate venture | 0 | 1 |
| Multi-stage venture firm | 0 | 1 |
| Not classified | 0 | 1 |
Fund size
| Won | Lost | |
|---|---|---|
| Under $25M | 0 | 4 |
| $25M to $100M | 0 | 1 |
Manager state
| Won | Lost | |
|---|---|---|
| California | 0 | 2 |
| New York | 0 | 1 |
Loses most often to
- Belltower Fund Group (AngelList)2 decisions, 2 funds
- Carta1 decision, 7 funds
- FUNDRX CAPITAL MANAGEMENT, LLC1 decision, 3 funds
Wins most often from
No adviser moved a fund to this provider in the last three years.
Decisions since 2023 for the breakdowns and the lists, five filing years for the table. One manager’s filing is one decision however many funds it moves. No change to or from this provider is recorded as an acquisition.
The managers to call are listed by name for a reader with the venture graph. See the administrator opportunity list
- First named
- Jan 20, 2014
- Latest filing
- Mar 31, 2026
Sources: SEC Form ADV Schedule D (Section 7.B.(1) items 23 to 28) and Form D sales compensation recipients, each row linked to its filing above.
Ask: Which venture funds switched administrator to or away from this provider in the last 12 months?
A provider can be followed from its named record.