Heroic Ventures SPV Aria, LLC
Output Capital · adviser of record: Output Capital Management, LLC · 2020 vintage
Heroic Ventures SPV Aria, LLC is a 2020 venture fund managed by Output Capital, with $915k raised (Form D, amount sold). It reported $5.7mm in gross assets at year-end 2025, 6.28x its size, against a peak of $8.8mm in 2022.
- Latest value held
- $5.7mm year-end 2025
- Peak
- $8.8mm year-end 2022
- Fund size
- $915k Form D, amount sold
- Held vs. size
- 6.28x peak 9.65x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $5.7mm | 6.28x | -34% over 2 yrs |
| 2023 | $8.8mm | 9.56x | -1% |
| 2022 | $8.8mm | 9.65x | +11% |
| 2021 | $8mm | 8.70x | +51% |
| 2020 | $5.3mm | 5.75x | – |
Other funds from Output Capital
- Automate Seed Fund, L.P. 2025
- Heroic Ventures Growth Epsilon, LLC 2025
- Heroic Ventures Growth Delta, LLC 2025
- Heroic Ventures Gamma, LLC 2025
- Heroic Ventures Zeta, LLC 2024
- Heroic Ventures SPV XXX, LLC 2022
- Heroic Ventures SPV Xxix, LLC 2022
- Heroic Ventures SPV XXV, LLC 2021
- Heroic Ventures SPV Xxvii, LLC 2021
- Heroic Ventures SPV Xxiv, LLC 2021
- Heroic Ventures SPV XX, LLC 2020
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-4798619933. Data updated October 13, 2026.
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