United States · Investor

Delphi Ventures

Filed with the SEC to raise a fund in May 2026, closing $1M. Last cheque observed Oct 2025.

QuietNew fund $1.4M, May 2026VC firm

GrowthPre-seedSeedAppsAudioConsumer

Cheques on record
0%of best year0cheques in 12 months, 125 on record
Since the last cheque376days00hrs00min00sec
Median round$5.0MRounds led1 of 125Sole investor6 roundsExits15 from the portfolioMostly inUnited States, 54%
Pitch Delphi Ventures

Another investor of this name exists, and we could not establish from the rounds which of them the press meant. Treat the record below as possibly belonging to either. Tell us which if you know.

Delphi Ventures highlights

  1. 01

    125 rounds on record

  2. 02

    Mostly Series C and Seed: 39% of its rounds

  3. 03

    Sole investor in 6 rounds, median $20M

  4. 04

    15 exits from the portfolio

What they do

Filed 1 private fund offerings with the SEC, the most recent in 2026-05From their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
GrowthPre-seedSeedSeries ASeries B
Sectors
AppsAudioConsumer
Based in
San Mateo, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first125 appearances

  1. 2025

    6 rounds

  2. Oct
  3. Sept
    SophontSeed · US$9.2MWith 3 others
  4. Jul
    STON.fiSeries A$9.5MWith 3 others
  5. Jun
    Inference LabsSeed · CA$5.3MWith 2 others
  6. Apr
    SpectariumVenture · FIUndisclosedWith 2 others
  7. Apr
    ORO AISeed · US$6.0MWith 2 others
  8. 2024

    9 rounds

  9. Nov
    PondSeed · US$7.5MWith 2 others
  10. Nov
    PulsePre-seed · US$1.8MWith 2 others
  11. Oct
    CitreaSeries A · KY$14MWith 3 others
  12. Aug
    Rivalz NetworkSeed · US$9.0MWith 3 others
  13. Apr
    Inference LabsSeed · CA$2.3MWith 2 others
  14. Mar
    Arrow MarketsSeries A · US$4.0MWith 3 others
  15. Feb
    PlaySeed$3.0MWith 2 others
  16. Feb
    BackpackSeries A · US$17MWith 3 others
  17. Feb
    Chainway LabsSeed · KY$2.7MSole investor
  18. 2023

    7 rounds

  19. Oct
    HYTOPIASeed · US$3.0MSole investor
  20. Sept
    SpectariumSeed · FI$5.3MWith 2 others
  21. Jun
    NeutronSeed · KY$10MWith 3 others
  22. May
    GodmodeVenture · GB$2.5MWith 3 others
  23. Apr
    MCDEXVentureUndisclosedWith 2 others
  24. Mar
    JungleSeed · BR$6.0MWith 4 others
  25. Feb
    TatsumeekoVenture · SGUndisclosedWith 4 others
  26. 2022

    10 rounds

  27. Nov
    MirageSeed · US$1.4MSole investor
  28. Nov
    APWineSeed · FR$2.6MWith 2 others
  29. Oct
    SkylockSeed · CA$1.3MWith 2 others
  30. Jul
    CardinalSeed · US$4.4MWith 3 others
  31. Mar
    Crypto RaidersVenture · US$6.0MWith 2 others
  32. Jan
    EnterDAOSeed · BG$1.8MWith 1 other
  33. Jan
    BreederDAOSeries A$10MWith 3 others
  34. Jan
    DOOMSDAYXPre-seed · US$1.5MWith 1 other
  35. Jan
    Ctrl WalletVenture · GBUndisclosedWith 2 others
  36. Jan
    Legacy LabsSeed · US$7.0MWith 3 others
  37. 2021

    3 rounds

  38. Nov
    ALL-ARTVenture · ES$4.5MWith 3 others
  39. Oct
    Laguna GamesSeed · US$5.0MWith 4 others
  40. Jul
    Solrise FinanceSeed · GB$3.4MWith 4 others
  41. 2015

    1 round

  42. May
    AEGEA MedicalSeries C · US$36MWith 5 others
  43. 2014

    5 rounds

  44. Sept
    IvantisSeries B · US$25MWith 7 others
  45. Jul
    EBR SystemsVenture · US$20MWith 5 others
  46. Jun
    SenseonicsVenture · US$20MWith 4 others
  47. Apr
    Sequent MedicalSeries D · US$20MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration11 named

ALAnil LullaMemberiForm ADV
ATAugustus Tye MerloExecutive OfficeriFiling they signed
DADrew Austin HendersonExecutive OfficeriFiling they signed
KKKevin KellyMemberiForm ADV
LSLuke SaundersMemberiForm ADV
MDMedio DemarcoMemberiForm ADV
PCPiers Charles KicksDirectoriFiling they signed
SHSarah Helena BrennanExecutive OfficeriFiling they signed
TAThomas Andrew Shaughnessy JrDirectoriFiling they signed
TSThomas ShaughnessyMember; ManageriForm ADV
YLYan LibermanMember; ManageriForm ADV

We also hold 15 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$33Mgross assets of its fundsOct 2026
1+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
Delphi Ventures General Partner LLC
SEC number
CRD 320814

Exits from the portfolio

Companies it backed that were later bought or listed15 in all

Pivot MedicalBought by Stryker CorporationUndisclosedJan 2014
Karyopharm TherapeuticsListedUndisclosedNov 2013
OncoMed PharmaceuticalsListed$82MJul 2013
BarosenseBought by Boston ScientificUndisclosedJul 2013
PTC TherapeuticsListed$125MJun 2013
Cameron HealthBought by Boston ScientificUndisclosedJun 2012
KAI PharmaceuticalsBought by Amgen$315MApr 2012
BARRX MedicalBought by Covidien$325MNov 2011
Aragon SurgicalBought by AesculapUndisclosedSept 2011
AcclarentBought by Johnson & Johnson$785MDec 2009
Primaeva MedicalBought by Syneron Medical$30MOct 2009
EvalveBought by Abbott Labs$410MSept 2009
Reliant TechnologiesBought by Thermage$66MJan 2009
LipoSonixBought by Medicis Pharmaceutical$300MJun 2008
AdianaBought by Cytyc$215MFeb 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Delphi Ventures. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Delphi Ventures put money into.

Quick answers about Delphi Ventures

What does Delphi Ventures invest in?

Delphi Ventures invests most often at Series C and Seed (39% of the rounds on record), in sectors such as Apps, Audio and Consumer.

How active is Delphi Ventures?

125 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Oct 2025.

What has Delphi Ventures invested in recently?

Its most recent investments on record: 375ai (Undisclosed round, Oct 2025), Sophont (Seed, Sept 2025) and STON.fi (Series A, Jul 2025).

How big are Delphi Ventures's cheques?

The median round it joins is $5.0M.

Does Delphi Ventures lead rounds?

Sometimes: it led 1 of its 125 investments on record (1%).

Where does Delphi Ventures invest?

Most of the companies it backs are in the United States (54%), Canada (9%) and Cayman Islands (9%).

Is Delphi Ventures investing now?

No investments in the last 12 months; the latest was in Oct 2025.

Who does Delphi Ventures invest alongside?

Most often New Enterprise Associates (18 rounds together), Alloy Ventures (9 rounds together) and Affinity Capital Management (8 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it