VL FUND MANAGEMENT, LLC
VL FUND MANAGEMENT, LLC is a Seed, Series A and Series C+ fund in the US writing $100K–$40M checks into AI and deep-tech.
- Stages
- Seed, Series A, Series C+
- Sectors
- AI, deep-tech
- Check size
- $100K–$40M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2025
- Assets under management
- $237.5M
Thesis
The firm focuses on early-stage companies in the artificial intelligence (AI), generative AI, and frontier deep-tech sectors, with a primary geographic scope in the United States. Their investment thesis centers on backing world-class founders building category-defining AI companies, prioritizing those with strong product vision and execution capabilities. VL Fund employs an ultra-concentrated, high-conviction strategy, aiming to invest deeply in a limited number of opportunities where technical complexity, market timing, and founder quality align for outlier outcomes. They are an operator-led investment vehicle, with a focus on product-led growth and technology innovation. The fund targets Series A investments, with a minimum check size of $100,000 and a maximum of $1,000,000 for initial investments, but plans to write checks of up to $40 million for core positions. VL Fund I, the debut fund, closed in 2025 with approximately $200 million, exceeding its target. As of March 30, 2026, the firm reported $237.5 million in total gross asset value. Prior investments by Victor Lazarte include Mercor, Decart, and HeyGen.
Common questions
Does VL FUND MANAGEMENT, LLC invest at the Seed stage?
Yes. VL FUND MANAGEMENT, LLC lists Seed, Series A and Series C+ among the stages it invests in.
What check size does VL FUND MANAGEMENT, LLC write?
VL FUND MANAGEMENT, LLC writes $100K–$40M checks.
Where does VL FUND MANAGEMENT, LLC invest?
VL FUND MANAGEMENT, LLC invests in the US.