Upwest Labs Fund II, LP
Upwest Labs · adviser of record: Upwest Labs Management, LLC · 2014 vintage
Upwest Labs Fund II, LP is a 2014 venture fund managed by Upwest Labs, with $4mm raised (Form D, amount sold). It reported $19.2mm in gross assets at year-end 2025, 4.74x its size, against a peak of $39.4mm in 2021.
- Latest value held
- $19.2mm year-end 2025
- Peak
- $39.4mm year-end 2021
- Fund size
- $4mm Form D, amount sold
- Held vs. size
- 4.74x peak 9.72x
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 | $19.2mm | 4.74x | -7% over 2 yrs |
| 2023 | $20.7mm | 5.12x | -45% |
| 2022 | $37.9mm | 9.35x | -4% |
| 2021 | $39.4mm | 9.72x | +81% |
| 2020 | $21.8mm | 5.38x | +62% |
| 2019 | $13.4mm | 3.32x | +0% |
| 2018 | $13.4mm | 3.32x | -1% |
| 2017 | $13.6mm | 3.36x | – |
Other funds from Upwest Labs
- Upwest Labs Opportunity Fund I LP 2023
- Upwest Labs Fund IV, L.P. 2020
- Upwest Labs SPV I, L.P. 2020
- Upwest Labs Fund III, LP 2016
- Upwest Labs Fund I, LP 2012
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 805-6039009194. Data updated October 13, 2026.
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