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 / Brightstone Venture Partners LLC
Brightstone Venture Partners LLC
Micro VC · probableMinneapolis, MNbrightstonevc.comSEC exempt reporting adviserone firm, 3 filing advisers
This firm files as 3 advisers on brightstonevc.com: Brightstone Venture Partners 2 LLC, Brightstone Venture Partners 3 LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
venture manager, reported GAV $14.9M across 1 vehicles
Importance
4
low
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
1
low
Identity and regulatory footprint
- Headquarters
- Minneapolis, MNadviserinfo.sec.gov
- Office address
- 510 FIRST AVENUE NORTH SUITE 200, Minneapolis, MN, 55403adviserinfo.sec.gov
- Business phone
- 612-232-5839adviserinfo.sec.gov
- Website
- https://brightstonevc.com
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $14.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- The Globe Resources Group, LLC (Member), C
- business phone
- 612-232-5839adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, healthcare, biotech, medtech, consumer, marketplaces, space, crypto, cybersecurity, data infrastructure, edtech
- Stages
- seed, series a, series b, growth, early
- Geography
- worldwide
- 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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Brightstone Venture Capital Fund, LP | Fund | 2013 form d first sale | Harvest | $14.9M Mar 28, 2024 | 38 | $14.9M | Apr 28, 2016 |
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
2 current, 1 departed
David Frederick Dalvey
PartnerManager · since Aug 1, 2017
Patrick Michael Oshaughnessy
PartnerManager · since Aug 1, 2017
1 departed (kept with end dates)
- Seth Allen Degroot · Manager · Aug 1, 2017 to Feb 23, 2022 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted 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.
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
3 dated events
- Feb 23, 2022Seth Allen Degroot (Manager) no longer on Schedule A of Brightstone Venture Partners LLC
- Oct 14, 2019Brightstone Venture Partners LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 14, 2019Brightstone Venture Capital Fund, LP first reported on Form ADV by Brightstone Venture Partners LLC (Venture Capital Fund), GAV $17,191,000Fund first reported on Form ADVFundsFactBrightstone Venture Capital Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $14.9M across 1 vehicles
Evidence
36 observations from 2 sources