Initialized Capital
QuietFiled to raiseSan Francisco, CAHealthcareLast fund filed September 2025
1 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Initialized VII | September 2025 | $150M | $114M | 26 |
| Initialized VII Associates | September 2025 | $10M | $5M | 1 |
| Initialized VI | December 2021 | $520M | $520M | 73 |
| Initialized Superclass Iss | June 2019 | $50M | $50M | 21 |
| Initialized IV | September 2018 |
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.
5 partners are named across this firm’s filings, 1 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Alexis OhanianNot on the current fund | Quiet | Consumer apps & internet, Digital health | 6 |
Classified sectors of Initialized Capital’s own portfolio companies, based on 4 with a verified or cited source.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Initialized Capital’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.
| Firm | Shared boards | Companies |
|---|---|---|
| 776 | 6 | Atoms, Reddit, Roman Health Ventures, SIMULATE, Trala, WFC LA |
| Founders Fund | 2 | Esper Technologies, Reddit |
| Khosla Ventures | 2 | Esper Technologies, Reddit |
| 8VC | 1 |
| $225M |
| $225M |
| 39 |
| Initialized IV Associates | September 2018 | $7.5M | $7.3M | 54 |
| Initialized Annex | September 2017 | $107M | $107M | 35 |
| Initialized Annex AssociatesFiled to raise in 2017, with no closing reported yet. | 2017 | $5M | $0 | 0 |
| Initialized III | June 2016 | $125M | $125M | 65 |
| Initialized Capital Special Opportunities Fund IFiled to raise in 2012, with no closing reported yet. | 2012 | $10M | $0 | 0 |
| 0 |
| Alina LibovaNot on the current fund | Quiet | None listed | 0 | 0 |
| Brett Gibson | Quiet | None listed | 1 | 0 |
| Garry TanNot on the current fund | Quiet | AI & machine learning, Legal & compliance tech | 9 | 0 |
| Harjeet TaggarNot on the current fund | Quiet | None listed | 1 | 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.
| Esper Technologies |
| CRV | 1 | Standard Cognition |
| First Harmonic | 1 | Salus Labs |
| FirstMark Capital | 1 | Roman Health Ventures |
| Formation8 Partners | 1 | Esper Technologies |
| Kodiak | 1 | Esper Technologies |
| Massive Tech Ventures | 1 | Truepill |
A shared board seat: a company where filings name a Initialized Capital 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.