Obvious Ventures IV, L.P.
Obvious Ventures · adviser of record: Obvious Management Services LLC · 2021 vintage
Obvious Ventures IV, L.P. is a 2021 venture fund managed by Obvious Ventures, with $400mm raised (Form D, amount sold). It reported $368mm in gross assets at year-end 2025, 0.92x its size, its highest reported value.
- Latest value held
- $368mm year-end 2025
- Peak
- $368mm year-end 2025
- Fund size
- $400mm Form D, amount sold
- Held vs. size
- 0.92x peak 0.92x
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 | $368mm | 0.92x | +7% over 2 yrs |
| 2023 | $345mm | 0.86x | -4% |
| 2022 | $359mm | 0.90x | +1% |
| 2021 | $354mm | 0.89x | – |
Other funds from Obvious Ventures
- Obvious Prime II, L.P. 2021
- Obvious Growth I, L.P. 2021
- Obvious SPV I, L.L.C. 2020
- Obvious Ventures III, L.P. 2019
- Obvious Ventures II, L.P. 2016
- Obvious Ventures I, L.P. 2013
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 805-1334810855. Data updated October 13, 2026.
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