Cowboy
Cowboy last closed a fund in November 2022 — 48 months ago. By its own rhythm, that is inside the window where it usually raises again.
Cowboy has raised 3 times about every 57 months. The last was Cowboy Founders Fund IV, LLC. That points to Aug 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.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
- Funds on file
- 7
- Capital raised
- $329M
- Latest close
- November 2022
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Cowboy Mustang Founders Fund I, LLC | November 2022 | $2M | 0001903271 ↗ |
| Cowboy Founders Fund IV, LLC | November 2022 | $2M | 0001903268 ↗ |
| Cowboy Mustang Fund I, LLC | December 2021 | $64M | 0001902834 ↗ |
| Cowboy Ventures Fund IV, LLC | December 2021 | $76M | 0001902824 ↗ |
| Cowboy Ventures Fund III, LLC | July 2018 | $93M | 0001746092 ↗ |
| Cowboy Capital Fund I, LLC | July 2012 | $36M | 0001554990 ↗ |
| Cowboy Ventures Fund II, LLC | — | $55M | 0001620197 ↗ |
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
Aileen Lee, Ted Wang
What Cowboy invests in
- Typical fund
- $55M median, seed to early stage
- Website
- cowboy.vc
Service providers
- Fund administrator
- Aduro (3 funds)
- Auditor
- Frank Rimerman (3 funds)
From Form ADV filed by COWBOY CAPITAL, LLC CRD 165571 ↗, latest filing March 2026, covering 3 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.