Differential Venture Capital
Differential Venture Capital last closed a fund in December 2024 — 23 months ago. By its own rhythm, that is past halfway to the next one.
Differential Venture Capital has raised 3 times about every 42 months. The last was Differential Ventures Fund III LP. That points to Jun 2028.
Historically about 1 in 8 firms this early in their cycle 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: December 2025. 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
- 3
- Single-deal SPVs
- 2
- Capital raised
- $87M+
- Latest close
- December 2024
- Based in
- NJ, NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Differential Ventures Fund III LP | December 2024 | not stated | 0002045014 ↗ |
| Differential Venture Capital Fund II, LP | June 2021 | $37M | 0001862618 ↗ |
| Differential Venture Capital Fund I, LP | December 2017 | $50M | 0001723326 ↗ |
| Differential Ventures SPV 2, LLC Series 3 | December 2025 | not stated | 0002098615 ↗ |
| Differential Ventures SPV 2, LLC Series 2 | March 2024 | $2M | 0002013687 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
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
Nicholas Adams, David Magerman, Mitchell Kleinhandler, Alex Katz
What Differential Venture Capital invests in
- Typical fund
- $50M median, seed to early stage
- Says it invests in
- enterprise/SaaS
- Says it invests at
- pre-seed · seed
- Website
- differential.vc
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- TMF (1 fund)
- Auditor
- CohnReznick (1 fund)
From Form ADV filed by DIFFERENTIAL VENTURE PARTNERS, LLC CRD 292813 ↗, latest filing May 2026, covering 1 fund 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.