Firms

Vertical Venture Partners

Vertical Venture Partners

vvp.vc

Vertical Venture Partners (VVP) is an early-stage venture-capital firm founded by David C. Schwab in 2014, with offices in Palo Alto and the San Diego area. It backs founders solving problems within specific industries, including healthcare, financial services, education, logistics and home services. Its investment models include vertical AI software, technology-enabled services and deep technology based on physics, chemistry and biology. The firm’s published directory lists four investing professionals: David Schwab, Brad Corona, Paul Conley and Matt Schwab. Its current site says it invests from its fourth main fund; SEC adviser records also identify two distinct growth funds. It has invested in neuroscience drug developer Delix Therapeutics, microscopy developer ONI, semiconductor-switch manufacturer Menlo Micro and multiple healthcare and AI software companies. The firm is legally reported as Vertical Venture Partners LLC, CRD288845, in a March2026 SEC exempt-reporting-adviser filing. Its earliest main fund was previously called Enterprise X Ventures LP and first sold interests in December2013, before the published 2014 firm founding. Latest SEC FormD notices verify USD51.3M sold for the first main fund, USD90M for FundIII, USD59.85M for FundIV and USD42.075M for GrowthFundII. These are securities sold as of respective filings, not inferred final close dates or fund assets under management; FundIV’s USD100M and FundIII’s USD110M offering totals are targets rather than amounts raised. Actual FundII and GrowthFundI cash-close totals remain unverified. VVP is distinct from The Vertical Group healthcare venture firm, Vertical Group investment bank and the Nordic Vertical consultancy. ONI’s 2022 primary announcement names VVP as a SeriesB investor; its preserved legacy participation was corrected to this verified firm after auditing all protected references, without creating another check.

Founded
2014
Type
Venture capital

Funds6

  • Vertical Venture Partners Growth Fund II, L.P.$42M

    Verified legalventurefund CIK1858803. LatestavailableSECFormD filed 2022-11-30 reports actualUSD42075000 sold versus offeringUSD60000000. First sale 2021-12-02. This is cumulativeamountsold asofthefiling, nottarget/AUM or anotheradditivecashround. Exactfinalclosingdateunverified andNULL.

  • Vertical Venture Partners Growth Fund, L.P.—

    Distinct legalgrowthfund verified in the manager’s March31,2026 SEC ADV scheduleD, privatefund805-2095372520. Outside-capital amount sold and precise close date unverified; portfolioholdings/NAV are not fundraisecash. Not confusedwithGrowthFundII orFundIV.

  • Vertical Venture Partners II, L.P.—

    Verified legalventurefund CIK1719202. LatestavailableSECFormD filed 2017-10-31 reports actualUSD0 sold versus offeringUSD80000000. First sale yettooccur atthisfiling. The2017initialnotice reports0sold; current2026ADVstilllistsFundII, so no permanentunraisedstatusclaim. This is cumulativeamountsold asofthefiling, nottarget/AUM or anotheradditivecashround. Exactfinalclosingdateunverified andNULL.

  • Vertical Venture Partners III, L.P.$90M

    Verified legalventurefund CIK1858829. LatestavailableSECFormD filed 2023-06-20 reports actualUSD90000000 sold versus offeringUSD110000000. First sale 2021-06-23. This is cumulativeamountsold asofthefiling, nottarget/AUM or anotheradditivecashround. Exactfinalclosingdateunverified andNULL.

  • Vertical Venture Partners IV, L.P.$59M

    Verified legalventurefund CIK2022153. LatestavailableSECFormD filed 2026-05-27 reports actualUSD59850000 sold versus offeringUSD100000000. First sale 2024-05-29. This is cumulativeamountsold asofthefiling, nottarget/AUM or anotheradditivecashround. Exactfinalclosingdateunverified andNULL.

  • Vertical Venture Partners, L.P.$51M

    Verified legalventurefund CIK1594086. LatestavailableSECFormD filed 2016-08-16 reports actualUSD51300000 sold versus offeringUSD51300000. First sale 2013-12-23. This is cumulativeamountsold asofthefiling, nottarget/AUM or anotheradditivecashround. Exactfinalclosingdateunverified andNULL. Previouslegalname EnterpriseXVenturesLP, fundformed2013beforepublished2014managerfounding.

Team

David Schwab
David Schwab

Vertical Venture Partners, Founding Managing Director

$1M$100K – $10MMenlo Park, California

Operations and support

Brad CoronaBrad CoronaManaging Director
Matt SchwabMatt SchwabSenior Associate
Paul ConleyPaul ConleyVenture Partner

Co-investing

David Schwab
ARCH Venture Partners
  • ONI$75M · 2022-01-20
Axon Partners Group
  • ONI$75M · 2022-01-20
Casdin Capital
  • ONI$75M · 2022-01-20
Genoa Ventures

Investments