Indicator

Indicator last closed a fund in December 2025 — 9 months ago.

Deploying  This firm closed a fund recently and has capital to put to work.

Funds on file
6
Capital raised
$138M+
Latest close
December 2025
Based in
MA, non-US

Vehicles on file

VehicleFirst closeAmount
Indicator Ventures IV, L.P.December 2025not stated
Indicator Ventures III, L.P.December 2021$47M
Indicator Ventures Select I, L.P.March 2021not stated
Indicator Fund 1, L.P.September 2016not stated
Indicator Ventures, L.P.November 2014$14M
Indicator Ventures II, L.P.not stated

2 of these filed no amount (an “Indefinite” offering), so the total above is a floor.

Named on filings

Baiyin Murphy, Benjamin Luntz, Derek Bittar, General Partner Indicator Ventures (GP) IV, LLC, Geoff Bernstein, Geoffrey Bernstein, HSV Holdings LLC, Indicator Ventures (GP) III, LLC

Dated from filing date; no date of first sale was reported.

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.

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. Roughly 40% of venture rounds are raised under exemptions that carry no filing obligation, so a firm that does not file 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.