Pebblebed Management, LLC

SEC exempt reporting adviser (venture capital exemption).

Pebblebed Management backs people solving technically rigorous problems.

01 · Says / Does

Says: what the firm's funds state. Does: from 1 dated deal in the last 24 months.

Fund	Year	Size	Status
Pebblebed Fund III, LP Pebblebed backs people solving technically rigorous problems, especially "self-protecting ideas" that are simple to state but punishing to execute. The firm leads its investments and makes about 20 per fund. Inferred from the firm's website	approx. 2026	$200M (Form D)	Raising
Pebblebed Fund II, LP Pebblebed backs people solving technically rigorous problems, especially "self-protecting ideas" that are simple to state but punishing to execute. The firm leads its investments and makes about 20 per fund. Inferred from the firm's website	approx. 2024	$125M (Form D)	Open, writing first checks
Pebblebed Fund I, LP Pebblebed backs people solving technically rigorous problems, especially "self-protecting ideas" that are simple to state but punishing to execute. The firm leads its investments and makes about 20 per fund. Inferred from the firm's website	2022	$28.13M to $39.35M (Form D and SEC adviser filing)	Late investment period

Keith Adams, Manager of the General Partner of the Issuer
Pebblebed Fund III, LP (Named on Form D); Pebblebed Fund II, LP (Named on Form D); Pebblebed Fund I, LP (Named on Form D)
LUKE BYRNE, Managing Member of the General Partner
Pebblebed Fund II, LP (Named on Form D)
PAM VAGATA, Managing Member of the General Partner
Pebblebed Fund II, LP (Named on Form D)
Pamela Vagata, Manager of the General Partner of the Issuer
Pebblebed Fund III, LP (Named on Form D); Pebblebed Fund I, LP (Named on Form D)
TAMMIE SIEW, Managing Member of the General Partner
Pebblebed Fund II, LP (Named on Form D)

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026