Startup Capital Ventures Management Co III, LLC

Micro VCSEC venture capital fund adviserEmerging manager· Menlo Park, Californiascv-sbi.com

Micro VC, based in Menlo Park, California, reporting $29.8M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$29.8M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
4
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

18 additional co-investors and affiliates, 11 additional investments, funds and LPs, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people

Relationship network

39 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Startup Capital Ventures Management Co III, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Startup Capital Ventures Management Co III, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

14 companies on record, 0 new in 12 months

Investments on record

14 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Applied Particle Technologyportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Brightflowportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Bruvitiportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

14 observed deals
Stated (the firm’s website)
Sectors
enterprise software, b2b
Stages
early
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

4 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Donavan Robert Kealoha · Managing Director
    Why this person: Managing director; Named with investment responsibility
  • Thomas Justin Toy · Managing Director
    Why this person: Managing director; Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Olin Lagon · Venture Partner
    Why this person: Adviser to the firm; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

4 current, 0 departed

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

1 vehicle, 0 LPs disclosed

Funds and vehicles

1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Startup Capital Ventures X Sbi Fund LPFund2022 form d first saleActive deployment$29.8M
Sep 12, 2026
30$32.1M
of $50.0M
Oct 28, 2022

Limited partners

0 LPs, 0 disclosed commitments
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.

Known LPs and allocators

1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Hawaii Employees' Retirement SystemSTATE RETIREMENT SYSTEMStartup Capital Ventures X Sbi Fund LP$5.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure

Relationships across DFX

21 co-investors · on 1 other DFX graph

Co-investors

21 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph · 1 capital path Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Startup Capital Ventures Management Co III, LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Startup Capital Ventures Management Co III, LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

3 dated events, 33 observations from 3 sources

Timeline

3 dated events
  1. seen on or beforeSep 15, 2026
    Startup Capital Ventures Management Co III, LLC: INSTITUTIONAL_VC -> MICRO_VC (venture manager, reported GAV $29.8M across 1 vehicles)
    Classification changedClassificationInference
  2. seen on or beforeSep 12, 2026
    Startup Capital Ventures Management Co III, LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager with no reported fund assets yet (scale unknown))
    Classification changedClassificationInference
  3. Mar 30, 2026
    Startup Capital Ventures Management Co III, LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 1 private fundsShow
Headquarters
Menlo Park, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 30, 2026
Private funds reported
1 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$29.8Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 15, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $29.8M across 1 vehicle
  2. Sep 13, 2026
    Institutional venture firm (confirmed, 70%)
    Venture manager with no reported fund assets yet (scale unknown)
  3. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $29.8M across 1 vehicle

Evidence

33 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Adv pdf loadedadv-pdf-1Sep 12, 2026FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2026-03-30Mar 30, 2026FactForm ADV
Business phoneMar 30, 2026FactForm ADV
HeadquartersMenlo Park, CAMar 30, 2026FactForm ADV
Office addressMar 30, 2026FactForm ADV
Self-described typeVenture capitalSep 30, 2026Fact
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 12, 2026Fact
Legal formLimited PartnershipMar 30, 2026FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 12, 2026Fact
Private funds reported1Mar 30, 2026FactForm ADV
Private fund gross assets (reported)$29.8MMar 30, 2026FactForm ADV
Stated sectorsEnterprise software, B2B
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsEnterprise software, B2B
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsEnterprise software, B2B
“sector words on the home page”
Sep 12, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported1Mar 30, 2026FactForm ADV
WebsiteMar 30, 2026FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersMicro VC, confirmedShow
Importance
25
moderate
Active deployment
0
low
Emerging
94
high
Freshness
99
high
Micro VCSEC exempt reporting adviser

Venture manager, reported GAV $29.8M across 1 vehicle

The inputs behind each score
importance
gav: 0.14 · funds: 0.08 · people: 0.16 · investments: 0.43 · co investors: 0.53
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 1 · reported gav: $29.8M · first adv filing: 2026-03-30 · years since first filing: 0.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

3 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-15
  • Organization classification changed
    2026-09-12
  • Adviser's first ADV filing
    2026-03-30source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.