Fbv-Manager, LLC

Institutional venture firmSEC exempt reporting adviserClassification probable· Los Angeles, Californiafirstbev.com

With over 200 years of beverage industry expertise, an unparalleled network of industry resources and an ability to see what’s around the corner, our team helps beverage companies stand out in a dynamic and competitive industry.

In the firm's own words, from its website.

Reported fund assets
$115M
the adviser's own Form ADV total
New companies, 12 mo
None
Investment team
6
Latest vintage
2015
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (2)Team (7)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

4 additional team members, 2 additional investments, funds and LPs, 2 events, 2 verified contacts (1 general firm email, 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.

What matters now

  1. 1 departure
    people, 12 months

    A team member departed (seen on or before 1 Oct 2026, the day it happened is not on record).

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam →

People to know

View all people

Relationship network

13 connected entities1 observed roundrounds 2013

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
  • Company
  • Fund or vehicle
  • Person

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 Fbv-Manager, 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 Fbv-Manager, LLC

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

Investing

2 companies on record, 0 new in 12 months
Investments on record
2 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Join our listportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Purity Organic, LLCForm D equity offeringunknown · boardWilliam Stewart Anderson (strongly supported)$5.8M
form d sold
unknownOct 4, 2013Inference Form D
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
Sectors
space, logistics
Stages
not stated or not yet read
Geography
los angeles, new york
Check size
not stated; DFX does not estimate checks from round sizes
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 0%new companies, 12 months 0

Team

7 current, 4 departed
Decision makers
who to call first, and why; then everyone else by function

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
7 current, 4 departed
2 departed (kept with end dates)
Contacts
1 general firm email, 1 firm phone

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

Funds and LPs

5 vehicles, 0 LPs disclosed
Funds and vehicles
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
First Beverage Ventures II, L.P.Fund2015 form d first saleHarvest$58.9M
Sep 21, 2021
35$64.0M
of $64.0M
Jul 13, 2017
PJ Investor, LLCFund2013 form d first saleHarvest$9,866
Sep 21, 2021
5$1.5M
of $1.5M
Feb 20, 2014
HA Investor, LLCFundunknownUnknown$50.8M
Sep 21, 2021
5unknownunknown
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

0 co-investors · on 1 other DFX graph
Co-investors
0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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

Fbv-Manager, 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

7 dated events, 35 observations from 2 sources
Timeline
7 dated events
  1. seen on or beforeOct 1, 2026
    Kyle Wheeler (CFO) no longer on the team page of Fbv-Manager, LLC
    Person leftPeopleInferenceKyle WheelerFirm website
  2. Sep 21, 2021
    First Beverage Ventures II, L.P. first reported on Form ADV by Fbv-Manager, LLC (Venture Capital Fund), GAV $58,885,842
    Fund first reported on Form ADVFundsFactFirst Beverage Ventures II, L.P.Form ADV
  3. Sep 21, 2021
    PJ Investor, LLC first reported on Form ADV by Fbv-Manager, LLC (Venture Capital Fund), GAV $9,866
    Fund first reported on Form ADVFundsFactPJ Investor, LLCForm ADV
  4. Sep 21, 2021
    Fbv-Manager, LLC first filed Form ADV (ERA)
    First SEC adviser filingOrganizationFactForm ADV
  5. Sep 21, 2021
    First Beverage Ventures II (intl), L.P. first reported on Form ADV by Fbv-Manager, LLC (Venture Capital Fund), GAV $2,410,140
    Fund first reported on Form ADVFundsFactFirst Beverage Ventures II (intl), L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Sep 21, 2021 · 5 private fundsShow
Headquarters
Los Angeles, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
firstbev.com
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Private fund adviseradviserinfo.sec.gov
Latest Form ADV
Sep 21, 2021
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$115Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $115M across 5 vehicles
Evidence
35 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedPrivate fund adviserSep 21, 2021FactForm ADV
SEC adviser typeExempt reporting adviserSep 21, 2021FactForm ADV
First Form ADV filing2021-09-21Sep 21, 2021FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2021-09-21Sep 21, 2021FactForm ADV
Venture share of reported funds1Sep 21, 2021FactForm ADV
Business phoneSep 21, 2021FactForm ADV
Contact page urlOct 1, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersLos Angeles, CASep 21, 2021FactForm ADV
Office addressSep 21, 2021FactForm ADV
Legal formLimited Liability CompanySep 21, 2021FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported5Sep 21, 2021FactForm ADV
Private fund gross assets (reported)$115MSep 21, 2021FactForm ADV
Stated geographylos angeles, new york
“geography words on the home page”
Oct 1, 2026Factno URL
Stated geographyGlobal, los angeles, new york
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyGlobal, los angeles, new york
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsSpace, logistics
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorsEnergy, space, logistics
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsEnergy, space, logistics
“sector words on the home page”
Sep 13, 2026Factno URL
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported5Sep 21, 2021FactForm ADV
WebsiteSep 21, 2021FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShow
Importance
23
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Institutional venture firm · probableSEC exempt reporting adviser

Venture manager, reported GAV $115M across 5 vehicles

The inputs behind each score
importance
gav: $0 · funds: 0.42 · people: 0.24 · investments: 0.11 · co investors: 0
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: 5 · reported gav: $115M · first adv filing: 2021-09-21 · years since first filing: 5

Fits, record history and connections

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

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2021-09-21source 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.