Canary
Canary last closed a fund in December 2024 — 23 months ago. By its own rhythm, that is inside the window where it usually raises again.
Canary has raised 4 times about every 30 months. The last was Canary Founders IV, L.P. That points to Jun 2027 — it is inside its window now.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
Still filing with the SEC: June 2026. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 11
- Single-deal SPVs
- 8
- Capital raised
- $358M
- Latest close
- December 2024
- Based in
- DE, non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Canary Founders IV, L.P. | December 2024 | $4M | 0002042483 ↗ |
| Canary IV, L.P. | June 2024 | $88M | 0002026650 ↗ |
| Canary Operators Fund III, L.P. | August 2021 | $3M | 0001870336 ↗ |
| Canary Anchors Fund III, L.P. | July 2021 | $52M | 0001870338 ↗ |
| Canary Fund III, L.P. | July 2021 | $50M | 0001870339 ↗ |
| Canary Fund II, L.P. | June 2019 | $50M | 0001776542 ↗ |
| Canary Operators Fund I, L.P. | December 2016 | $545,000 | 0001693516 ↗ |
| Canary Anchors Fund I, L.P. | December 2016 | $4M | 0001693490 ↗ |
| Canary Fund I, L.P. | December 2016 | $8M | 0001693468 ↗ |
| Canary Operators Fund II, L.P. | — | $50M | 0001776608 ↗ |
| Canary Anchors Fund II, L.P. | — | $50M | 0001776500 ↗ |
| Canary SPV XVI, LLC | April 2026 | $3M | 0002132111 ↗ |
| Canary SPV XV, LLC | March 2026 | $5M | 0002132114 ↗ |
| Canary SPV XI, LLC | January 2026 | not stated | 0002089680 ↗ |
| Canary SPV XIV, LLC | September 2025 | $6M | 0002092299 ↗ |
| Canary SPV XIII, LLC | July 2025 | $2M | 0002092306 ↗ |
| Canary SPV XII, LLC | April 2025 | $4M | 0002089683 ↗ |
| Series II, a series of Canary SPV, LLC | March 2020 | $3M | 0001796756 ↗ |
| Series I, a series of Canary SPV, LLC | October 2019 | $4M | 0001784155 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Marcos de Toledo Leite, Florian Hagenbuch
What Canary invests in
- Typical fund
- $50M median, seed to early stage
- Website
- canary.com.br
Service providers
- Fund administrator
- Carta (5 funds)
- Auditor
- Frank Rimerman (5 funds)
From Form ADV filed by CNRY MANAGEMENT LTDA. CRD 288067 ↗, latest filing March 2026, covering 5 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.