Matchstick Ventures
Matchstick Ventures last closed a fund in July 2024 — 28 months ago. By its own rhythm, that is inside the window where it usually raises again.
Matchstick Ventures has raised 3 times about every 35 months. The last was Matchstick Ventures Fund IV, L.P. That points to Jun 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.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 3
- Capital raised
- $65M+
- Latest close
- July 2024
- Based in
- MN
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Matchstick Ventures Fund IV, L.P. | July 2024 | not stated | 0002014520 ↗ |
| Matchstick Ventures Fund III, L.P. | July 2021 | $53M | 0001840107 ↗ |
| Matchstick Ventures Fund II, L.P. | August 2018 | $12M | 0001750350 ↗ |
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
Nathaniel Zola, Ryan Broshar
What Matchstick Ventures invests in
- Typical fund
- $53M median, seed to early stage
- Says it invests at
- early-stage · pre-seed · seed
- Cheque size, in its words
- $
- Website
- matchstick.vc
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Meritage AG (1 fund)
- Auditor
- Frank Rimerman (1 fund)
From Form ADV filed by MATCHSTICK VENTURES, LLC CRD 241794 ↗, latest filing March 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.