Obvious Ventures
Obvious Ventures last closed a fund in February 2025 — 21 months ago. By its own rhythm, that is past halfway to the next one.
Obvious Ventures has raised 5 times about every 34 months. The last was Obvious Ventures V, L.P. That points to Dec 2027.
Historically about 1 in 8 firms this early in their cycle 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
- 7
- Single-deal SPVs
- 1
- Capital raised
- $1.00B+
- Latest close
- February 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Obvious Ventures V, L.P. | February 2025 | $400M | 0002053430 ↗ |
| Obvious Ventures IV, L.P. | January 2022 | $400M | 0001904220 ↗ |
| Obvious Prime II, L.P. | January 2022 | $125M | 0001904211 ↗ |
| Obvious Growth I, L.P. | January 2021 | $75M | 0001840491 ↗ |
| OBVIOUS VENTURES III, L.P. | May 2019 | not stated | 0001772693 ↗ |
| OBVIOUS VENTURES II, L.P. | May 2016 | not stated | 0001672318 ↗ |
| OBVIOUS VENTURES I, L.P. | July 2014 | not stated | 0001610988 ↗ |
| Obvious SPV I, L.L.C. | October 2020 | $30M | 0001829410 ↗ |
3 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
Andrew Beebe, Evan Williams, James Joaquin, Vishal Vasishth, Nan Li
What Obvious Ventures invests in
- Typical fund
- $400M median, multistage
- Website
- obvious.com
Service providers
- Fund administrator
- Aduro (7 funds)
- Auditor
- Frank Rimerman (7 funds)
From Form ADV filed by OBVIOUS MANAGEMENT SERVICES LLC CRD 173187 ↗, 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.