Unshackled Syndicate LLC
Arpu Research Labs · adviser of record: Arpu Research Labs, LLC · 2018 vintage
Unshackled Syndicate LLC is a 2018 venture fund managed by Arpu Research Labs. It reported $455k in gross assets at year-end 2025, against a peak of $2mm in 2022.
- Latest value held
- $455k year-end 2025
- Peak
- $2mm year-end 2022
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $455k | – | -75% over 2 yrs |
| 2023 | $1.8mm | – | -9% |
| 2022 | $2mm | – | +65% |
| 2021 | $1.2mm | – | +57% |
| 2020 | $769k | – | +52% |
| 2019 | $506k | – | +0% |
| 2018 | $506k | – | – |
Other funds from Arpu Research Labs
- Unshackled Ventures Fund III-A, L.P. 2023
- Unshackled Ventures Fund III, L.P. 2021
- Level Labs, L.P. 2018
- Unshackled Syndicate 2018, LLC 2018
- Unshackled Ventures Fund II, L.P. 2017
- Unshackled Ventures Fund II-A, L.P. 2017
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 805-3375863061. Data updated October 13, 2026.
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