DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Crescendo Venture Management, LLC
Crescendo Venture Management, LLC
Institutional venture firm · probablePark City, UTcrescendoventures.comSEC registered investment adviser
venture manager, reported GAV $137M across 6 vehicles
Importance
21
moderate
Active deployment
4
low
Emerging
0
low
Completeness
56
elevated
Freshness
100
high
Research priority
6
low
Identity and regulatory footprint
- Headquarters
- Park City, UTadviserinfo.sec.gov
- Office address
- 1389 CENTER DRIVE, SUITE 200, Park City, UT, 84098adviserinfo.sec.gov
- Business phone
- 435-200-1051adviserinfo.sec.gov
- Website
- CRESCENDOVENTURES.COM
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2015
- Private funds reported
- 6 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $137Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $137Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 3
- business phone
- 435-200-1051adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Crescendo IV, L.P. | Fund | 2013 adv first reported | Harvest | $70.2M Mar 31, 2015 | 89 | unknown | unknown |
| Decathlon Alpha II, L.P. | Fund · ADV: Other Private Fund | 2013 form d first sale | Harvest | $41.2M Mar 31, 2015 | 100 | $13.0M of $150M | Sep 30, 2013 |
| Crescendo IV Ag & Co. Beteiligungs Kg | Fund | 2013 adv first reported | Harvest | $3.3M Mar 31, 2015 | 12 | unknown | unknown |
| Crescendo IV Entrepreneurs Fund, L.P. | Fund | 2013 adv first reported | Harvest | $1.6M Mar 31, 2015 | 89 | unknown | unknown |
| Crescendo IV Entrepreneurs Fund a, L.P. | Fund | 2013 adv first reported | Harvest | $655,763 Mar 31, 2015 | 63 | unknown | unknown |
| Decathlon Alpha, L.P. | Fund · ADV: Other Private Fund | 2011 form d first sale | Harvest | $19.6M Mar 31, 2015 | 66 | $10.6M of $15.0M | Aug 16, 2012 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
3 current, 1 departed
John August Borchers
Managing partnerManaging Member · since Aug 1, 1999
Robert David Spreng
Managing partnerManaging Member · since Mar 1, 1989
Wayne Cesil Cantwell
Managing partnerManaging Member/Chief Compliance Officer · since Dec 1, 2004
1 departed (kept with end dates)
- Peter van Cuylenberg · General Partner · Nov 1, 2004 to Sep 19, 2013 Inference
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Eikona | Seed · Seed | participant | unknown | $5.0M | unknown | Dec 4, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
2 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
8 dated events
- Sep 19, 2013Peter van Cuylenberg (General Partner) no longer on Schedule A of Crescendo Venture Management, LLC
- Sep 19, 2013Crescendo IV, L.P. first reported on Form ADV by Crescendo Venture Management, LLC (Venture Capital Fund), GAV $98,284,156Fund first reported on Form ADVFundsFactCrescendo IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 19, 2013Crescendo IV Ag & Co. Beteiligungs Kg first reported on Form ADV by Crescendo Venture Management, LLC (Venture Capital Fund), GAV $4,384,164Fund first reported on Form ADVFundsFactCrescendo IV Ag & Co. Beteiligungs KgSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 19, 2013Crescendo IV Entrepreneurs Fund, L.P. first reported on Form ADV by Crescendo Venture Management, LLC (Venture Capital Fund), GAV $2,269,781Fund first reported on Form ADVFundsFactCrescendo IV Entrepreneurs Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 19, 2013Crescendo IV Entrepreneurs Fund a, L.P. first reported on Form ADV by Crescendo Venture Management, LLC (Venture Capital Fund), GAV $991,522Fund first reported on Form ADVFundsFactCrescendo IV Entrepreneurs Fund a, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 19, 2013Decathlon Alpha, L.P. first reported on Form ADV by Crescendo Venture Management, LLC (Other Private Fund), GAV $23,503,189Fund first reported on Form ADVFundsFactDecathlon Alpha, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 19, 2013Decathlon Alpha II, L.P. first reported on Form ADV by Crescendo Venture Management, LLC (Other Private Fund), GAV $12,473,500Fund first reported on Form ADVFundsFactDecathlon Alpha II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 21, 2012Crescendo Venture Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $137M across 6 vehicles
Evidence
22 observations from 2 sources