# Diffusion: portfolio, investments and team > Diffusion is a vc firm based in United States. 4 investments on record, 4 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/diffusion (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Diffusion Last cheque observed Sep 2026; 4 cheques on record. Email VC firm Deploying now New fund $70M, Oct 2026 Growth Seed Series C Follow Diffusion and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fdiffusion) Deploying now **100%** of best year **4** **cheques in 12 months**, 4 on record Since the last cheque **57** days **00** hrs **00** min **00** sec Median round **$425M** Rounds led **2 of 4** Pitch Diffusion ## Diffusion highlights - 01 4 cheques in the last 12 months - 02 Mostly Growth and Seed: 67% of its rounds - 03 Led 2 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Based in:** SAN FRANCISCO, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **4 appearances** - **2026** 4 rounds - **Sept** **[Harvey](https://millionrounds.com/company/harvey)** Growth · US · TechCrunch **$550M** *Led* - **Aug** **[Etched](https://millionrounds.com/company/etched)** US · TechCrunch **$700M** With 13 others - **Aug** **[Decade](https://millionrounds.com/company/decade)** Seed · BR · LatamList **$85M** *Led* - **Jun** **[Etched](https://millionrounds.com/company/etched)** Series C · US · TechCrunch **$300M** With 18 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 registration **2 named** KF **Kristian Fredrickson** Managing Director i Filing they signed VL **Victor Lazarte** Managing Director i Filing they signed We also hold **1** person 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. New fund on file **$70M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Seed Series C Median round joined **$425M** the round, not its cheque Led 2 of 4 rounds **50%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Growth *1* - Seed *1* - Series C *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 3 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 3 - [Argo](https://millionrounds.com/fund/argo) 2 - [Jane Street](https://millionrounds.com/fund/jane-street) 2 - [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) 2 - [Peter Thiel](https://millionrounds.com/fund/peter-thiel) 2 **Pitching Diffusion?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Diffusion. A count of rooms they were both in, not a relationship either has claimed. [**Andreessen Horowitz** VC firm **3** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Sequoia Capital** VC firm **3** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Argo** Investment firm **2** rounds together](https://millionrounds.com/fund/argo)[**Jane Street** Growth equity **2** rounds together](https://millionrounds.com/fund/jane-street)[**Kleiner Perkins** VC firm **2** rounds together](https://millionrounds.com/fund/kleiner-perkins)[**Peter Thiel** Angel **2** rounds together](https://millionrounds.com/fund/peter-thiel)[**Stripes** Private equity **2** rounds together](https://millionrounds.com/fund/stripes) ## Recently backed The latest companies Diffusion put money into. [**Harvey** $550M · Sept 2026](https://millionrounds.com/company/harvey)[**Etched** $700M · Aug 2026](https://millionrounds.com/company/etched)[**Decade** $85M · Aug 2026](https://millionrounds.com/company/decade) ## Quick answers about Diffusion ### What does Diffusion invest in? Diffusion invests most often at Growth and Seed (67% of the rounds on record). ### How active is Diffusion? 4 investments on record, 4 of them in the last 12 months, and it led 2. The most recent was in Sept 2026. ### What has Diffusion invested in recently? Its most recent investments on record: Harvey (Growth, Sept 2026), Etched (Undisclosed round, Aug 2026) and Decade (Seed, Aug 2026). ### How big are Diffusion's cheques? The median round it joins is $425M. ### Is Diffusion investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does Diffusion invest alongside? Most often Andreessen Horowitz (3 rounds together), Sequoia Capital (3 rounds together) and Argo (2 rounds together). ### What kind of investor is Diffusion? Diffusion is a VC firm based in SAN FRANCISCO, United States. ### Has Diffusion raised a new fund? Its latest fund filing with the SEC was in Oct 2026, reporting $70M raised. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=diffusion) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=diffusion)