vcspine

Key Value

Key Value last closed a fund in March 2025 — 20 months ago.

Next fund
No rhythm to call

2 funds on record — a rhythm needs three. No month is guessed; the filing will say.

Mid-cycle  This firm is far enough into its last fund to be investing, and too early to be raising again.

Funds on file
4
Single-deal SPVs
1
Capital raised
$6M
Latest close
March 2025
Based in
WA

Vehicles on file

VehicleFirst closeAmount Filings
Key Value, LP - IIMarch 2025$3M0002066402 ↗
Key Value, LP - CTL IIIFebruary 2025$504,9790002054335 ↗
Key Value, LP - CTL IIDecember 2024$405,0000002046906 ↗
Key Value, LP-IFebruary 2023$2M0001968360 ↗
EL-0329 Fund I, a series of Key Value, LP (single-deal SPV)April 2024$260,0000002018372 ↗

Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.

What Key Value invests in

Typical fund
$2M median, pre-seed / seed scale
Median of this firm’s filed fund sizes on Form D.

Service providers

Fund administrator
AngelList (Belltower) (5 funds)
Auditor
Not on file

From Form ADV filed by PLATFORM ADVISOR, LLC CRD 167700 ↗, latest filing June 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.