# Indicator Ventures

> Indicator Ventures is an exempt reporting adviser in Wellesley, MA, filing reports since 2019. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 299879
- Filed as: INDICATOR VENTURES
- Legal name: HSV Holdings LLC
- Reporting status: Exempt reporting adviser (status as filed: ERA - Active)
- Location: Wellesley, MA
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/299879
- AdvisorCensus page: https://advisorcensus.com/firm/indicator-ventures-wellesley-ma-299879

## Quick answers

**Where is Indicator Ventures located?**
Indicator Ventures' principal office is in Wellesley, MA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**How does Indicator Ventures report to regulators?**
Indicator Ventures is an exempt reporting adviser, filing reports since 2019. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 299879.

**Does Indicator Ventures report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/299879

**What changed in Indicator Ventures' recent Form ADV filings?**
In the April 2026 filing data: Added an office in Arlington, VA.

## From the Form ADV filing

### Firm details
- Reporting since: 2019 (6 years)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Arlington, VA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- crunchbase.com/organization/indicator-ventures
- indicatorventures.com
- medium.com/@IndicatorVC
- LinkedIn @indicator-ventures
- X @indicatorvc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 30, 2021 |
| October 2022 | Not reported | Not reported | September 15, 2022 |
| October 2023 | Not reported | Not reported | March 20, 2023 |
| October 2024 | Not reported | Not reported | March 7, 2024 |
| October 2025 | Not reported | Not reported | March 26, 2025 |
| October 2026 | Not reported | Not reported | March 13, 2026 |


## Changes in the filing (last 12 months)

### April 2026
- Added an office in Arlington, VA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Indicator Ventures (CRD 299879): Form ADV filing data as of October 2026.