Shadow Ventures
Shadow Ventures last closed a fund in December 2022 — 47 months ago.
2 funds on record — a rhythm needs three. No month is guessed; the filing will say.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: December 2023. 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
- 2
- Single-deal SPVs
- 11
- Capital raised
- $25M
- Latest close
- December 2022
- Based in
- GA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Shadow Ventures Seed Fund II, L.P. | December 2022 | $13M | 0001958863 ↗ |
| Shadow Ventures Fund 3, LP | June 2019 | $12M | 0001782258 ↗ |
| Constructn 1, a Series of Shadow Ventures Master, LLC | September 2022 | $172,500 | 0001939552 ↗ |
| BotBuilt 1, a Series of Shadow Ventures Master, LLC | August 2022 | $1M | 0001939554 ↗ |
| Stake 3, a Series of Shadow Ventures Master, LLC | July 2022 | $749,500 | 0001931721 ↗ |
| Green Badger 1, a Series of Shadow Ventures Master, LLC | April 2022 | $299,000 | 0001923005 ↗ |
| Embue 1, a Series of Shadow Ventures Master, LLC | April 2022 | $672,485 | 0001918558 ↗ |
| Billy 1, a Series of Shadow Ventures Master, LLC | October 2021 | $320,000 | 0001882319 ↗ |
| Stake 2, a Series of Shadow Ventures Master, LLC | September 2021 | $841,010 | 0001874787 ↗ |
| Accelerator 1, a Series of Shadow Ventures Master, LLC | July 2021 | $216,000 | 0001863786 ↗ |
| Rabbet 1, a Series of Shadow Ventures Master, LLC | July 2021 | $820,000 | 0001867362 ↗ |
| Amenify 2, a Series of Shadow Ventures Master, LLC | July 2021 | $1M | 0001864457 ↗ |
| Stake 1, a Series of Shadow Ventures Master, LLC | June 2021 | $150,000 | 0001863593 ↗ |
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
Pramod Reddy, Matthew Ohlman
What Shadow Ventures invests in
- Typical fund
- $13M median, pre-seed / seed scale
- Website
- shadow.vc
Service providers
- Fund administrator
- Carta (2 funds)
- Auditor
- Mazars/Forvis (2 funds)
From Form ADV filed by SHADOW VENTURES, LLC CRD 325022 ↗, latest filing April 2026, covering 2 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.