# The General Partnership: portfolio, investments and team > The General Partnership is a vc firm based in United States. 6 investments on record, 3 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/the-general-partnership (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # The General Partnership Last cheque observed Sep 2026; 6 cheques on record. Email VC firm Deploying now Last fund, Jun 2024 Pre-seed Seed Series A AI Defense Fintech Follow The General Partnership and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fthe-general-partnership) Deploying now **75%** of best year **3** **cheques in 12 months**, 6 on record Since the last cheque **51** days **00** hrs **00** min **00** sec Median round **$38M** Cheque size, as they say **$1.0M – $30M** Rounds led **2 of 6** Mostly in **United States, 100%** Pitch The General Partnership ## The General Partnership highlights - 01 3 cheques in the last 12 months - 02 Mostly Series B and Seed: 67% of its rounds - 03 Led 2 rounds ## What they do > We’re the only VC structurally built to trade in two currencies: capital + work. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $30M as they say - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** AI Defense Fintech - **Based in:** San Francisco, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **6 appearances** - **2026** 3 rounds - **Sept** **[Thatch](https://millionrounds.com/company/thatch)** Series C · US · TechCrunch **$108M** With 5 others - **Aug** **[Multiplier](https://millionrounds.com/company/multiplier)** Series B · US · Ventureburn **$35M** *Led* - **Feb** **[Meridian](https://millionrounds.com/company/meridian)** Seed · US · TechCrunch **$17M** *Led* - **2025** 3 rounds - **Sept** **[Cassidy](https://millionrounds.com/company/cassidy)** Series A · US · AlleyWatch **$10M** With 5 others - **Apr** **[Thatch](https://millionrounds.com/company/thatch)** Series B · US · TechCrunch **$40M** With 8 others - **Mar** **[Graphite](https://millionrounds.com/company/graphite)** Series B · US · TechCrunch **$52M** With 6 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 **3 named** DP **Daniel Portillo** Member of the General Partner i Filing they signed MA **Megan Anna Acree Zengerle** Chief Operating Officer i Form ADV PA **Phineas Ayer Barnes** Member of the General Partner i Filing they signed We also hold **5** 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 **$586M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** The GP Manager, LLC - **SEC number:** CRD 321178 Latest fund on file **Raised** a fund in Jun 2024 From its SEC filing. Nothing newer is on file yet. ## The cheque Pre-seed Seed Series A Median round joined **$38M** the round, not its cheque Led 2 of 6 rounds **33%** - **Said size:** $1.0M – $30M - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series B said *3* - Seed said *1* - Series A said *1* - Series C *1* - Pre-seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 4 - [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2 - [Index Ventures](https://millionrounds.com/fund/index-ventures) 2 - [Quiet Capital](https://millionrounds.com/fund/quiet-capital) 2 **Pitching The General Partnership?** 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 The General Partnership. A count of rooms they were both in, not a relationship either has claimed. [**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Index Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/index-ventures)[**Quiet Capital** VC firm **2** rounds together](https://millionrounds.com/fund/quiet-capital) ## Recently backed The latest companies The General Partnership put money into. [**Thatch** $108M · Sept 2026](https://millionrounds.com/company/thatch)[**Multiplier** $35M · Aug 2026](https://millionrounds.com/company/multiplier)[**Meridian** $17M · Feb 2026](https://millionrounds.com/company/meridian)[**Cassidy** $10M · Sept 2025](https://millionrounds.com/company/cassidy) ## Mentioned on podcasts Episodes that name The General Partnership in their description, not their title. - [Turpentine VC](https://millionrounds.com/podcasts/turpentine-vc) 16 Jan 2024 · 1h 21m E22: Phin Barnes on Unbundling VC With [Phin Barnes](https://millionrounds.com/person/phin-barnes) Mentions [The General Partnership](https://millionrounds.com/fund/the-general-partnership) Apple PodcastsShow page - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 2 Oct 2023 · 1h 2m 20VC: The Services Model of Venture Capital is Broken, The Best Founders Do Need Help, The Most Important Signals to Assess When Meeting Founders & Why Kids Bring Less Happiness and More Joy with Phin Barnes @ TheGP With [Phin Barnes](https://millionrounds.com/person/phin-barnes) Mentions [First Round Capital](https://millionrounds.com/fund/first-round-capital)[The General Partnership](https://millionrounds.com/fund/the-general-partnership) Apple PodcastsShow page ## Quick answers about The General Partnership ### What does The General Partnership invest in? The General Partnership invests most often at Series B and Seed (67% of the rounds on record), in sectors such as AI, Defense and Fintech. ### How active is The General Partnership? 6 investments on record, 3 of them in the last 12 months, and it led 2. The most recent was in Sept 2026. ### What has The General Partnership invested in recently? Its most recent investments on record: Thatch (Series C, Sept 2026), Multiplier (Series B, Aug 2026) and Meridian (Seed, Feb 2026). ### How big are The General Partnership's cheques? The median round it joins is $38M. It says it writes cheques of $1.0M to $30M. ### Does The General Partnership lead rounds? Yes: it led 2 of its 6 investments on record (33%). ### Where does The General Partnership invest? Most of the companies it backs are in the United States (100%). ### Is The General Partnership investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### Who does The General Partnership invest alongside? Most often Andreessen Horowitz (4 rounds together), General Catalyst (2 rounds together) and Index Ventures (2 rounds together). ## 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=the-general-partnership) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=the-general-partnership)