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Defy Partners Management, LLC

SEC exempt reporting adviser (venture capital exemption).

HQ
CA

Defy Partners Management, LLC backs exceptional early-stage entrepreneurs. Its team includes General Partner Medha Agarwal. Portfolio companies include Agentiq, which lets fans invest in pro athletes and earn when they do, and Re, a distributed re-insurance company that uses blockchain technology to spread risk.

New fund likely raising soon

The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.

01 · Says / Does

TagSaysDoesHistorically (to 2020)
StagesNot statedNot enough dated dealsSeries A, Seed, Series B
SectorsNot statedNot enough dated dealsEnterprise SaaS, Ecommerce, AI applications, Devtools, Edtech, Gaming, Hardware, Media
RegionsNot statedNot enough dated dealsCA, NY

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

Historical focus (through 2020), derived from historical deal data.

YearDealsTop sectors
20171Devtools
201811Devtools, Enterprise SaaS, Fintech
20196Enterprise SaaS, Ecommerce, Hardware
20206AI applications, Ecommerce, Edtech

Stage mix over time

2017 Seed: 1172018 Seed: 32018 Series A: 62018 Series B: 2182019 Pre-seed: 12019 Seed: 22019 Series A: 3192020 Seed: 32020 Series A: 22020 Series B: 120212223242526
  • Pre-seed
  • Seed
  • Series A
  • Series B
  • Growth
Share of rounds by stage, per year. Striped years have fewer than 3 rounds.Historical focus (through 2020), derived from historical deal data.
Rounds by stage and year
YearPre-seedSeedSeries ASeries BGrowth
201701000
201803620
201912300
202003210
202100000
202200000
202300000
202400000
202500000
202600000

02 · Fund history

FundYearSizeStatus
Defy N, L.P.

Defy backs exceptional early-stage entrepreneurs and extraordinary people capable of changing the status quo. It aims to be the partner of choice for bold startup founders, with portfolio companies in fintech, gaming, insurtech and crypto. Inferred from the firm's website and portfolio companies

2021$5.25M (Form D)Late investment period
Defy Partners GOALS I, L.P.approx. 2021$100M (Form D)Follow-ons only
Defy Partners III, L.P.approx. 2021$300M (Form D)Follow-ons only

03 · People across funds

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

  1. HTTPS://DEFY.VC
  2. https://defy.vc/contact/
  3. https://defy.vc/news/
  4. https://defy.vc/companies/
  5. https://defy.vc/

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026