Firms

XSeed Capital

XSeed Capital

San Francisco, California, United States

xseedcap.comlinkedin.com

XSeed Capital, also styled X/Seed Capital, is the U.S. early-stage venture manager legally named X/Seed Management Company LLC. Its February25,2026 SEC Form ADV identifies CRD160343 and exempt-reporting-adviser file802-75135, with a San Francisco principal office. This is distinct from Singapore SEEDS Capital, Danish Seed Capital and the unrelated XSEED Education business. Michael Borrus founded XSeed in2006; its current homepage describes support for entrepreneurs building category-leading high-growth companies. Primary firm biographies and portfolio announcements establish investments across AI, natural-language processing, autonomous systems, enterprise software, life sciences and materials informatics. Examples include Lilt, Lex Machina, Citrine Informatics, Artisan Bio, Enya, Biota, AtScale and robotics-related businesses. Portfolio affiliation, company acquisitions and board seats are kept distinct from verified financing transactions. The current SEC filing confirms founding general partner Borrus, while Stanford’s current profile corroborates Robert Siegel’s general-partner affiliation. The full own-firm2019 roster is preserved with explicit historical qualifications: six investment/advisory professionals, two operating residents, two fellows, twelve emeritus network members and two operations professionals. Their historical university and outside-company titles are not asserted as current2026 employment. Detailed firm team pages are currently unavailable, so the archived source and authentic native named portraits are retained rather than inventing a current exhaustive private directory. The2026 adviser filing reports three separately constituted Delaware partnerships: X/Seed Capital LP, X/Seed Capital II LP and XSeed Capital S LP, each with its own GP. Their gross assets, historical AUM, targets and unverified database fund-close headlines are not newly raised cash. FundII’s September2011 FormD reports zero sold against anUSD80M target; final close sizes remain undisclosed here. Actual Lilt2020SeriesB and2022SeriesC buyer attributions are verified against issuer primary releases, with existing financing IDs and protected historical graph preserved during a separately owned bounded correction.

Founded
2006
Type
Venture capital

Funds3

  • X/SEED CAPITAL II, LP—

    Separately constituted Delaware private venture partnership, current2026 ADV private-fund number 805-8686551531; GP X/SEED CAPITAL MANAGEMENT II, LLC. September8,2011 FormD reports zero sold, first sale yet to occur andUSD80M target. No finalclose amount proven; secondaryUSD60Mclose not substituted for primarysale evidence.

  • X/SEED CAPITAL LP—

    Separately constituted Delaware private venture partnership, current2026 ADV private-fund number 805-3512100526; GP X/SEED CAPITAL MANAGEMENT, LLC. Exact current legalvehicle confirmed, but completed fundraising amount/day unavailable. Grossassetvalues andhistoricalAUM excluded.

  • XSEED CAPITAL S, L.P.—

    Separately constituted Delaware private venture partnership, current2026 ADV private-fund number 805-9230285560; GP XSEED CAPITAL MANAGEMENT S, LLC. Exact current legalvehicle confirmed. No assumptions about flagshipFundIII/Sidentity or closedcapital; GAV excluded.

Team

Operations and support

Alan ChiuAlan ChiuPartner (historical2019 published roster)
Anthony HeckmanAnthony HeckmanEIR Emeritus (historical2019 published roster)
Bryan VuBryan VuEIR Emeritus (historical2019 published roster)
Carla BourqueCarla BourqueEIR Emeritus (historical2019 published roster)
Damon CronkeyDamon CronkeyPartner (historical2019 published roster)
Gabor AngeliGabor AngeliFellow Emeritus (historical2019 published roster)
Jackie RotmanJackie RotmanXSeed Fellow (historical2019 published roster)
Jeff ThermondJeff ThermondVenture Partner (historical2019 published roster)
Jennifer VillaJennifer VillaXSeed Fellow (historical2019 published roster)
Jonathan FeiberJonathan FeiberSpecial Advisor (historical2019 published roster)
Karen AlterKaren AlterEIR Emeritus (historical2019 published roster)
Ken KronquistKen KronquistExecutive-In-Residence (historical2019 published roster)
Kerry CooperKerry CooperEIR Emeritus (historical2019 published roster)
Lynh SeversonLynh SeversonDirector of Marketing (historical2019 published roster)
Marissa AshMarissa AshFellow Emeritus (historical2019 published roster)
Matt SoldoMatt SoldoEIR Emeritus (historical2019 published roster)
Matt TrifiroMatt TrifiroEIR Emeritus (historical2019 published roster)
Maxine SchleinMaxine SchleinFellow Emeritus (historical2019 published roster)
Michael BorrusMichael BorrusFounding General Partner (February2026 SEC verified)
Mike HoefflingerMike HoefflingerExecutive-In-Residence (historical2019 published roster)
Robert SiegelRobert SiegelGeneral Partner (current Stanford affiliation)
Sharon GoldsteinSharon GoldsteinEntrepreneur-in-Residence (historical2019 published roster)
Spence GreenSpence GreenFellow Emeritus (historical2019 published roster)
Yvonne SharpeYvonne SharpeDirector of Administration (historical2019 published roster)

Co-investing

Intel Capital
  • Lilt$55M · 2022-04-07
  • Lilt$25M · 2020-05-12
Redpoint Ventures
  • Lilt$55M · 2022-04-07
  • Lilt$25M · 2020-05-12
Sequoia
  • Lilt$55M · 2022-04-07
  • Lilt$25M · 2020-05-12
7wire Ventures
  • Lilt$55M · 2022-04-07
Four Rivers Group
  • Lilt$55M · 2022-04-07

Investments