Riot Ventures Management, LLC

Multi-stage venture firmSEC-registered adviserRaisingClassification probable· Venice, CaliforniaRIOT.VC

Multi-stage venture firm, based in Venice, California, reporting $948M of fund assets on its funds' Form ADV filings.

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

Reported fund assets
$948M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
4
Latest vintage
2026
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

40 additional investments, funds and LPs, 48 events, 2 verified contacts (2 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.

What matters now

  1. 1 vehicle
    on Form D, 18 months

    $283M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 20 Jul 2026 ($445M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →

People to know

View all people
  • General Partner
    Why: General partner: carries the investment decision
    No route on file yet
  • General Partner
    Why: General partner: carries the investment decision
    No route on file yet
  • Partner / Chief Compliance Officer
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

48 connected entities1 observed roundrounds 2026

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 Riot Ventures Management, 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 Riot Ventures Management, LLC

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

Investing

1 company on record, 1 new in 12 months

Investments on record

1 company, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
OxideSeries C · Series Cparticipantunknown$200MunknownFeb 10, 2026Fact Press release

Stated thesis versus observed behaviour

1 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, energy, hardware, robotics, space, defense, logistics, industrial
Stages
not stated or not yet read
Geography
los angeles
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series c 100%
Stage at first entry
series c 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new companies, 12 months 1

Team

5 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Stephen Bernard Marcus · General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility
  • William Francis Coffield · General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility
  • Collier Steven Bern · Partner / Chief Compliance Officer
    Why this person: Partner: part of the investment decision

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

5 current, 0 departed

Contacts

2 firm phone

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

Funds and LPs

36 vehicles, 0 LPs disclosed

Funds and vehicles

36 reported, 7 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Riot Ventures Select Fund I, L.P.Growth fund2026 form d first saleNewly closedunknownunknown$131M
of $131M
Jul 14, 2026
Fund Iv-E, a Series of Riot Ventures Opportunity Fund, L.P.SPV or co-invest vehicle2024 adv first reportedEarly deployment$70.1M
Apr 30, 2026
19unknownunknown
Fund E-2, a Series of Riot Ventures Opportunity Fund, L.P.SPV or co-invest vehicle2024 adv first reportedEarly deployment$56.2M
Apr 30, 2026
26unknownunknown

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

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

1 co-investors · on 1 other DFX graph

Co-investors

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

Riot Ventures Management, 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…

Evidence and history

53 dated events, 70 observations from 3 sources

Timeline

53 dated events
  1. Apr 30, 2026
    Riot Ventures IV, LLC first reported on Form ADV by Riot Ventures Management, LLC (Venture Capital Fund), GAV $37,811,634
    Fund first reported on Form ADVFundsInferenceRiot Ventures IV, LLCForm ADV
  2. Apr 30, 2026
    Fund K-1, a Series of Riot Ventures Opportunity Fund, L.P. first reported on Form ADV by Riot Ventures Management, LLC (Venture Capital Fund), GAV $6,352,473
    Fund first reported on Form ADVFundsInferenceFund K-1, a Series of Riot Ventures Opportunity Fund, L.P.Form ADV
  3. Apr 30, 2026
    Fund D-3, a Series of Riot Ventures Opportunity Fund, L.P. first reported on Form ADV by Riot Ventures Management, LLC (Venture Capital Fund), GAV $2,746,398
    Fund first reported on Form ADVFundsInferenceFund D-3, a Series of Riot Ventures Opportunity Fund, L.P.Form ADV
  4. Apr 30, 2026
    Fund F-1, a Series of Riot Ventures Opportunity Fund, L.P. first reported on Form ADV by Riot Ventures Management, LLC (Venture Capital Fund), GAV $3,651,003
    Fund first reported on Form ADVFundsInferenceFund F-1, a Series of Riot Ventures Opportunity Fund, L.P.Form ADV
  5. Apr 30, 2026
    Fund H-1, a Series of Riot Ventures Opportunity Fund, L.P. first reported on Form ADV by Riot Ventures Management, LLC (Venture Capital Fund), GAV $3,102,416
    Fund first reported on Form ADVFundsInferenceFund H-1, a Series of Riot Ventures Opportunity Fund, L.P.Form ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Apr 30, 2026 · 28 private fundsShow

Website description: Modernizing the physical world

Headquarters
Venice, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
RIOT.VC
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Apr 30, 2026
Private funds reported
28 (28 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$948Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$1.1Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
9

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $1.1B
  2. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $505M

Evidence

71 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedApr 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserApr 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserApr 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 30, 2024FactForm ADV
First Form ADV filing2019-04-09Apr 30, 2026FactForm ADV
First Form ADV filing2019-04-09Mar 30, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-04-30Apr 30, 2026FactForm ADV
Latest Form ADV filing2026-04-30Apr 30, 2026FactForm ADV
Latest Form ADV filing2024-03-30Mar 30, 2024FactForm ADV
SEC statusApprovedApr 30, 2026FactForm ADV
SEC status effective2022-12-05Apr 30, 2026FactForm ADV
Venture share of reported funds1Apr 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2024FactForm ADV
Business phoneApr 30, 2026FactForm ADV
Business phoneMar 30, 2024FactForm ADV
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 12, 2026Fact
Employees9Apr 30, 2026FactForm ADV
Employees5Mar 30, 2024FactForm ADV
HeadquartersVenice, CAApr 30, 2026FactForm ADV
HeadquartersVenice, CAMar 30, 2024FactForm ADV
Office addressApr 30, 2026FactForm ADV
Office addressMar 30, 2024FactForm ADV
Legal formLimited Liability CompanyApr 30, 2026FactForm ADV
Private funds reported28Apr 30, 2026FactForm ADV
Private funds reported28Apr 30, 2026FactForm ADV
Private funds reported15Mar 30, 2024FactForm ADV
Private fund gross assets (reported)$948MApr 30, 2026FactForm ADV
Private fund gross assets (reported)$948MApr 30, 2026FactForm ADV
Private fund gross assets (reported)$388MMar 30, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$1.1BApr 30, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$388MMar 30, 2024FactForm ADV
Schedule a diffsadiff-1Apr 30, 2026FactForm ADV
Stated geographylos angeles
“geography words on the home page”
Sep 30, 2026Fact
Stated geographylos angeles
“geography words on the home page”
Sep 16, 2026Fact
Stated geographylos angeles
“geography words on the home page”
Sep 12, 2026Fact
Stated sectorsAI, enterprise software, energy, hardware, robotics, space, defense, logistics, industrial
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, enterprise software, energy, hardware, robotics, space, defense, logistics, industrial
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, enterprise software, energy, hardware, robotics, space, defense, logistics, industrial
“sector words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported28Apr 30, 2026FactForm ADV
Venture funds reported28Apr 30, 2026FactForm ADV
Venture funds reported15Mar 30, 2024FactForm ADV
WebsiteApr 30, 2026FactForm ADV
WebsiteMar 30, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShow
Importance
38
elevated
Active deployment
64
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firm · probableSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $1.1B

The inputs behind each score
importance
gav: 0.6 · funds: 1 · people: 0.16 · investments: 0 · co investors: 0
active deployment
investments 12m: 0.13 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-02-10
emerging manager
fund count: 43 · reported gav: $948M · first adv filing: 2019-04-09 · years since first filing: 7.5

Fits, record history and connections

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

Fits

11 scored matches, best firstas of
  • score 34.6confidence 90%
    Why: sector fit; geography fit; activity
  • score 34.6confidence 90%
    Why: sector fit; geography fit; activity
  • score 34.6confidence 80%
    Why: stage fit; activity

+8 more scored matches

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

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2019-04-09source 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.