The House Fund Breakout XII Alpha: A $52 Million Form D and How to Pitch a Berkeley Pre-Seed Investor

On November 3, 2026, House Fund Breakout XII Alpha, L.P. filed a Form D reporting $52.05 million sold, with Jeremy Fiance as key person. A second vehicle, House Fund Pinnacle, L.P., reported $4.5 million the same day. The House Fund is a Berkeley-based pre-seed and seed investor, so this article covers what the filings show, the firm's track record, and how founders should approach it.

What the Filings Show

• House Fund Breakout XII Alpha, L.P.: $52.05 million sold, filed November 3, 2026
• House Fund Pinnacle, L.P.: $4.5 million sold, same day
• Key person on the larger filing: Jeremy Fiance
• Combined, the two vehicles report about $56.6 million, the second largest venture group of the day after the $381.0 million Fundomo Flagship filing

We searched for a House Fund vehicle called "Breakout" and found no public description of it. The name suggests a special-purpose or sidecar vehicle, as the "XII Alpha" label implies one of a numbered series, but that is inference and not a confirmed fact. We could not verify what it invests in.

The House Fund at a Glance

The House Fund is a pre-seed and seed venture firm led by Jeremy Fiance and focused on the University of California, Berkeley network. Reported fund history:

• Fund I: about $6 million, 2016
• Fund II: $44 million, November 2019
• Fund III: $115 million, October 2023, with about 70 percent aimed at pre-seed
• Investors: the fund has been backed by the University of California system and Berkeley campus endowments

That is a growth of roughly 19 times from Fund I to Fund III in seven years. The Breakout filing of $52.05 million is not directly comparable to a fund close, because a Form D can describe a sidecar or a single vehicle.

Cheque Size: A Conflict in the Record

Public sources disagree on how much the firm writes at the start. A 2017 Forbes profile put initial cheques at $50,000 to $250,000, and a directory lists $1 million to $2 million. Both may be true for different funds and years: a $6 million fund cannot write $2 million cheques, while a $115 million fund can. Founders should ask the partner directly which range applies to the current fund.

What This Means for Founders

• Berkeley affiliation helps: the firm's thesis is built on the campus network, so alumni, researchers and student founders are the natural fit
• Expect pre-seed or seed timing, and be ready to explain traction in a few lines
• A SAFE is the most common instrument at this stage, so know your cap and discount terms before the meeting
• Model dilution across the pre-seed and seed rounds so you know what is left for later rounds
• Keep your data room light: a deck, a one-page metrics sheet, and clear founder backgrounds

How to Pitch a Campus-Anchored Pre-Seed Fund

• Lead with the university link: name the lab, course or professor your company came from, because campus-anchored funds value that signal
• State the problem in one sentence, then the earliest proof, such as pilot users, letters of intent or a working prototype
• Show how you will use the money across 12 to 18 months, with two or three milestones that would justify a seed round
• Ask for a warm introduction through a portfolio founder, since these firms get far more cold decks than they can read
• Be clear on your post-money valuation expectations, and be willing to explain how you reached them

What This Means for Fund Managers

The House Fund shows a model many emerging managers want: a defined community, a clear stage, and institutional backers tied to that community. The numbered-vehicle habit also shows how managers can run several structures under one brand. If you do the same, keep each entity's purpose written down for limited partners.

Today's Venture Filing Picture

Alongside the two House Fund vehicles, the November 3 venture filings included:

• Fundomo Flagship, LP: $381.0 million
• LCL - Allocate Access L.P.: $19.41 million
• Domino-AE-0806 Fund I, a Platform Funds SPV: $11.99 million
• Vashon Venture Fund I: $8.26 million
• Fanatic Capital I: $8.21 million

In total, 43 venture vehicles reported $516.4 million, and 30 of them were tagged as SPV or deal-by-deal.

What We Could Not Confirm

• The mandate of House Fund Breakout XII Alpha
• Whether the $52.05 million is committed or called capital
• Current initial cheque size for Fund III
• Any link between Pinnacle and Breakout

Key Takeaways

• Two House Fund vehicles filed on the same day, together reporting about $56.6 million
• The firm has grown from about $6 million to $115 million across three funds
• Cheque-size claims conflict, so confirm before you pitch
• Berkeley founders and researchers are the clearest fit

Browse the investor directory to find pre-seed and seed funds by focus, and explore active capital on AngelLinx @ angellinx.ai/register.

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