Early Light Ventures Fund 3, LP
Solo GPIndustry: Pooled Investment FundLocation: MCLEAN, VAFiled: Jun 12, 2026
$10.0M
Fund Size
First-time and early-fund venture capital managers who have filed with the SEC in the last two years. Smaller teams, leaner operations, and far more accessible than established firms. All data sourced directly from SEC Form D filings — no simulated records.
Emerging managers respond to cold outreach 3-5x more often than established VCs. With smaller deal pipelines, your pitch gets real attention from the decision-maker — not a junior associate.
First-time fund managers are actively building portfolios and take more meetings. Many report meeting-to-term-sheet conversion rates 2x the industry average for early-stage deals.
Most emerging GPs come from operating backgrounds and provide hands-on support. They have strong incentives to help you succeed and often open up their entire professional network for portfolio companies.
Every US fund filing a Form D is legally raising capital. Funds filed in the last 12-18 months are actively deploying. Filter by filing type "06-b" and sale date within 2 years.
Most emerging managers are ex-operators or angels stepping up to a fund. Understanding their background lets you tailor your pitch to their domain expertise and investment thesis.
Emerging managers do not have associates screening email. A direct 5-sentence cold email referencing their investment thesis gets read. Lead with traction, then ask for a 20-minute call.
Emerging managers build tight-knit portfolio communities. A warm intro from a founder they already backed converts 5-10x better than a cold outreach.
Fund I managers often have slower decision cycles because they are simultaneously raising from LPs. Build the relationship early and follow up monthly with progress updates.
An emerging manager is a venture capital fund manager raising or operating one of their first funds — typically a Fund I, II, or III. They often have small teams of 1-3 people and are building their track record. Because they are newer, they tend to be more accessible to founders and make more concentrated bets.
Emerging managers are hungrier for great deals, move faster, and are easier to reach than established firms. They are actively building their reputations and often provide hands-on operational support. First-time fund managers frequently come from operating backgrounds and offer deep domain expertise.
SEC Form D filings serve as the legal disclosure when a fund raises capital from outside investors. Funds that have filed within the last 24 months are in active or recent fundraising, meaning they have capital available to deploy into new investments.
Emerging managers typically raise between $5M and $75M for their first funds. Micro-VCs in the $5M-$30M range focus on pre-seed and seed stages, while larger emerging funds in the $30M-$100M range can lead or co-lead Series A rounds.
All fund data is sourced from SEC Form D filings — the mandatory disclosure reports that US investment funds must file when raising capital. No data is simulated or estimated. Funds shown here have filed within the last 24 months.