Indicator Ventures
QuietFiled to raiseBoston, MAEnterprise software, Fintech, AI & machine learningLast fund filed 2025
0 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Indicator Ventures IVFiled to raise in 2025, with no closing reported yet. | 2025 | Indefinite | $0 | 0 |
| Indicator Ventures III | December 2021 | $50M | $47M | 0 |
| Indicator Ventures Select IFiled to raise in 2021, with no closing reported yet. | 2021 | Indefinite | $0 | 0 |
| Indicator Ventures | November 2014 | $25M | $14M | 18 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
4 partners are named across this firm’s filings, 0 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Baiyin MurphyNot on the current fund | Quiet | Climate & energy, Enterprise software | 2 |
Categories of Indicator Ventures’s own portfolio companies, based on 11 with a verified or cited source.
| Firm | Shared boards | Companies |
|---|---|---|
| Eniac Ventures | 1 | Pienso |
| Story Ventures | 1 | Polymer Solutions |
| Uncork Capital | 1 | Simplifeye |
A shared board seat: a company where filings name a Indicator Ventures partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.
| 0 |
| Benjamin LuntzNot on the current fund | Quiet | None listed | 0 | 0 |
| Geoffrey BernsteinNot on the current fund | Quiet | Fintech, Data & analytics, Digital health | 7 | 0 |
| Jonathan StruhlNot on the current fund | Quiet | AI & machine learning, Enterprise software | 2 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Indicator Ventures’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.