Initialized
Initialized last closed a fund in September 2025 — 14 months ago. By its own rhythm, that is inside the window where it usually raises again.
Initialized has raised 7 times about every 19 months. The last was Initialized VII L.P. That points to Apr 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.
This firm closed a fund in the last 18 months, so it has money to put to work now.
Still filing with the SEC: September 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
- 17
- Capital raised
- $1.61B
- Latest close
- September 2025
- Based in
- CA, NY
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Initialized VII Associates L.P. | September 2025 | $5M | 0002086466 ↗ |
| Initialized VII L.P. | September 2025 | $114M | 0002086432 ↗ |
| Initialized VI L.P. | December 2021 | $520M | 0001897934 ↗ |
| Initialized VI Associates L.P. | December 2021 | $10M | 0001899410 ↗ |
| Initialized Superclass II L.P. | December 2021 | $170M | 0001815927 ↗ |
| Initialized Robin HBF LLC | October 2021 | $14M | 0001889189 ↗ |
| Initialized V Associates L.P. | August 2020 | $10M | 0001815930 ↗ |
| Initialized V L.P. | August 2020 | $232M | 0001815896 ↗ |
| Initialized Superclass Iss L.P. | June 2019 | $50M | 0001779406 ↗ |
| Initialized Robin Fund, L.P. | March 2019 | $11M | 0001771396 ↗ |
| Initialized IV Associates L.P. | September 2018 | $7M | 0001753135 ↗ |
| Initialized IV L.P. | September 2018 | $225M | 0001753144 ↗ |
| Initialized Annex L.P. | September 2017 | $100M | 0001716535 ↗ |
| Initialized III L.P. | June 2016 | $100M | 0001676195 ↗ |
| Initialized II, L.P. | May 2013 | $25M | 0001577804 ↗ |
| Initialized Capital Special Opportunities Fund I, L.P. | — | $10M | 0001542689 ↗ |
| Initialized Annex Associates L.P. | — | $5M | 0001716543 ↗ |
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
Garry Tan, Brett Gibson, Harjeet Taggar, Alina Libova
What Initialized invests in
- Typical fund
- $25M median, seed to early stage
- Says it invests at
- seed · Series A
- Website
- initialized.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Standish (6 funds); no administrator reported for 1 fund
- Auditor
- Sensiba (6 funds)
From Form ADV filed by INITIALIZED CAPITAL MANAGEMENT, LLC CRD 170329 ↗, latest filing March 2026, covering 7 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.