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Indicator Capital

Kingmaker TierBased on the data VC Catalog holds.

Kingmaker Tier: 81 out of 100

Also known as Indicator Carbon, Indicator Carbon II, L.P., Indicator Carbon, L.P., Indicator Ventures, Indicator Ventures Select, Indicator Ventures Select I, L.P.

Investor type
VC
Headquarters
Wellesley, MA, United States
Assets under management
$169MForm ADV private fund GAV, as of 2026-03-13Source (opens in a new tab)
Funds
7
Check size
$1–3M Initial check sizeSource (opens in a new tab)
Legal name
HSV HOLDINGS LLC
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Record updated 30 September 2026

About

Early-stage investment firm

Investment approach

Thesis
Whether we lead, co-lead, or join the round, we show up when you need us, and stay out of the way when you don't.Source (opens in a new tab)

Funds

Indicator Ventures Select I, L.P.
Vintage 2021Main fund
Indicator Carbon II, L.P.
Vintage 2017Main fund
Indicator Carbon, L.P.
Vintage 2016Main fund
INDICATOR VENTURES, L.P.
Main fund
INDICATOR VENTURES II, L.P.
Main fund
INDICATOR VENTURES III, L.P.
Main fund
INDICATOR OXYGEN A SERIES OF CGF2021 LLC
SPV

SEC registration

Registered adviser
HSV HOLDINGS LLC
SEC file number
802-117581
Registration
Exempt reporting adviser
Regulatory AUM
$169Mas of 2026-03-13
Private funds reported
7
Principal office
WELLESLEY, MA, United States
SEC CIK
1677575, 1721423, 1849147
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