vcspine

Material Fund

Material Fund last closed a fund in August 2019 — 87 months ago.

Next fund
No rhythm to call

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

No recent fund  This firm has filed no new fund in over five years, so it either stopped raising or raises in a way Form D never sees.

Still filing with the SEC: April 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
1
Single-deal SPVs
6
Capital raised
$25M
Latest close
August 2019
Based in
NY, WA

Vehicles on file

VehicleFirst closeAmount Filings
Material Fund I LPAugust 2019$25M offered0001783468 ↗
AD-0217 Fund I, a series of Material Ventures, LP (single-deal SPV)April 2026$875,0000002116177 ↗
IS-0217 Fund I, a series of Material Ventures, LP (single-deal SPV)March 2026$293,5590002116827 ↗
UF-10101 Fund I, a series of Material Ventures, LP (single-deal SPV)December 2025$5M0002093590 ↗
Fund I, a series of Material Ventures, LP (single-deal SPV)April 2022$5M0001925002 ↗
CH Fund I, a series of Material V, LP (single-deal SPV)March 2022$100,0000001921250 ↗
GE Fund I, a series of Material V, LP (single-deal SPV)February 2022$150,0000001910224 ↗

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

Matthew Salzberg

What Material Fund invests in

Typical fund
$25M median, seed to early stage
Median of this firm’s filed fund sizes on Form D.
Website
materialcompanies.com
As filed by the adviser on Form ADV, February 2025.

Service providers

Fund administrator
AngelList (Belltower) (3 funds), Aduro (1 fund)
Auditor
Withum (1 fund)

From Form ADV filed by PLATFORM ADVISOR, LLC CRD 167700 ↗, latest filing June 2026, covering 4 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.