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 / Boulder Food Group, LLC
Boulder Food Group, LLC
BFG Partners invests early in the next generation of consumer products — the bold, opinionated brands people actually love.
venture manager, reported GAV $188M across 3 vehicles
Importance
34
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
17
moderate
Identity and regulatory footprint
- Headquarters
- Boulder, COadviserinfo.sec.gov
- Office address
- 2120 13TH STREET, Boulder, CO, 80302adviserinfo.sec.gov
- Business phone
- 434-906-6734adviserinfo.sec.gov
- Website
- HTTP://WWW.BFGPARTNERS.COM
- 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
- Jun 24, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $243Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- dealteam@bfgpartners.combfgpartners.compublished by the subject
- business phone
- 434-906-6734adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
30 observed deals
Stated (the firm’s website)
- Sectors
- ai, consumer, energy
- Stages
- early
- Geography
- boston
- 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 90%Other 7%Other Technology 3%
lead rate n/afollow-on rate n/anew logos, 12 months 30
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Boulder Food Group III-QP, LP | Feeder or parallel | 2023 form d first sale | Active deployment | unknown | unknown | $97.9M of $150M | Oct 2, 2024 |
| Boulder Food Group II, LP | Fund | 2018 form d first sale | Harvest | $141M Mar 12, 2024 | 63 | $103M of $108M | Mar 1, 2019 |
| Boulder Food Group, LP | Fund | 2014 form d first sale | Harvest | $46.7M Mar 12, 2024 | 45 | $35.3M of $55.0M | May 29, 2015 |
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
10 current, 0 departed
Meg Legro
AssociateAssociate
Jack Davis
Investor relationsDirector of Operations and IR
Dayton Miller
Managing partnerManaging Partner
Tom Spier
Managing partnerFounder & Managing Partner
Consumer Venture
OtherPortfolio
Dayton Lee Miller
PartnerMember · since Nov 1, 2018
Rajesh (Raj) Babu
PartnerPartner
TOM Joseph Spier
PartnerManager · since Oct 1, 2014
Tyler Morgan
PrincipalPrincipal
Elizabeth Earle
Vice presidentVice President
Investments on record
30 edges, 29 companies, 1 partner-attributed
“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
13 relationships from shared deals, counted for the whole firm
Great Oaks Management Company LLC 3 shared · recurringSiddhi Capital, LLC 2 shared · recurringBarrel Ventures Management, LLC 2 shared · recurringSC Management LLC 1 shared · one timeBeliade 1 shared · one time1st Course Capital Management, LLC 1 shared · one timeTQ Ventures LLC 1 shared · one timeBAM Ventures 1 shared · one timeFloodgate 1 shared · one timeFJ Labs 1 shared · one timeTeamworthy Group LLC 1 shared · one timeMaveron LLC 1 shared · one timeCollaborative Fund Management LLC 1 shared · one time
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
4 dated events
- Mar 18, 2019Boulder Food Group II, LP first reported on Form ADV by Boulder Food Group, LLC (Venture Capital Fund), GAV $69,165,000Fund first reported on Form ADVFundsFactBoulder Food Group II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2018Dayton Lee Miller joined Schedule A of Boulder Food Group, LLC as Member
- Dec 24, 2014Boulder Food Group, 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)
- Dec 24, 2014Boulder Food Group, LP first reported on Form ADV by Boulder Food Group, LLC (Venture Capital Fund), GAV $32,755,000Fund first reported on Form ADVFundsFactBoulder Food Group, LPSEC 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 (confirmed, 95%, cls-1)venture manager, reported GAV $188M across 3 vehicles
Evidence
54 observations from 3 sources