BLU Venture Management, LLC

Institutional venture firmSEC venture capital fund adviser· Vienna, Virginiabluventureinvestors.com

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

Reported fund assets
$211M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
21
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

24 additional team members, 38 additional investments, funds and LPs, 75 events, 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.

What matters now

  1. 9 vehicles
    on Form D, 18 months

    $8.55M 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. 2 departures
    people, 12 months

    A team member departed 21 days ago. 2 departures on record in 12 months.

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

    InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →

People to know

View all people
  • Non-Managing Member Of Blu Venture Investors Cyber Gp, Llc
    Why: Named with investment responsibility
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet
  • Managing Member Of Blu Venture Investors Cyber Gp, Llc
    Why: Named with investment responsibility
    No route on file yet

Relationship network

63 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
  • 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 BLU Venture 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 BLU Venture 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, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
3CLogic, Inc.board seatunknown · boardJoseph Callanan (strongly supported)unknownunknownMar 26, 2026Inference Form D

Stated thesis versus observed behaviour

1 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
maryland, usa
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
Other Technology 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 1

Team

21 current, 7 departed

Decision makers

who to call first, and why; then everyone else by function
  • Benjamin Ebenezer · Non-Managing Member Of Blu Venture Investors Cyber Gp, Llc
    Why this person: Named with investment responsibility
  • Bikram Bakshi · Managing Member
    Why this person: Named with investment responsibility
  • Joseph Callanan · Managing Member Of Blu Venture Investors Cyber Gp, Llc
    Why this person: 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

21 current, 7 departed
9 departed (kept with end dates)
  • Donya He · Managing Member · Nov 1, 2022 to Sep 10, 2026 Fact
  • John Michael Denning · Managing Member Of Blu Venture Investors Cyber Gp, Llc · May 1, 2021 to Mar 31, 2023 Inference
  • Lilotama Bengfort · Managing Member · Feb 1, 2022 to Mar 31, 2023 Inference

Contacts

1 firm phone

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

Funds and LPs

37 vehicles, 0 LPs disclosed

Funds and vehicles

37 reported, 4 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
BVI Core Q22022-1 Series, a Series of Blu Venture Investors Core, LLCSPV or co-invest vehicle2023 adv first reportedActive deployment$652,345
Sep 10, 2026
22unknownunknown
BVI Core Q42022-2 Series, a Series of Blu Venture Investors Core, LLCSPV or co-invest vehicle2023 form d first saleActive deployment$642,360
Sep 10, 2026
37$673,635
of $673,635
Feb 10, 2023
BVI Core Q22023-2 Series, a Series of Blu Venture Investors Core, LLCSPV or co-invest vehicle2023 form d first saleFundraising$503,000
Sep 10, 2026
27$666,100Feb 12, 2026

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

BLU Venture 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

80 dated events, 52 observations from 3 sources

Timeline

80 dated events
  1. Sep 10, 2026
    Donya He (Managing Member) no longer on Schedule A of BLU Venture Management, LLC
    Person leftPeopleInferenceDonya HeForm ADV
  2. Sep 10, 2026
    Michael Andrew William Sutton (Non-Managing Member Of Blu Venture Investors Cyber Gp, Llc) no longer on Schedule A of BLU Venture Management, LLC
    Person leftPeopleInferenceMichael Andrew William SuttonForm ADV
  3. Sep 10, 2026
    BLU Venture Investors Core Investment Pool 2025a, LP first reported on Form ADV by BLU Venture Management, LLC (Venture Capital Fund), GAV $1,617,152
    Fund first reported on Form ADVFundsInferenceBlu Venture Investors Core Investment Pool 2025A, LPForm ADV
  4. Sep 10, 2026
    BVI Core Q32024-1 Series, a Series of Blu Venture Investors Core, LLC first reported on Form ADV by BLU Venture Management, LLC (Venture Capital Fund), GAV $1,271,000
  5. Sep 10, 2026
    BVI Core Q42024-1 Series, a Series of Blu Venture Investors Core, LLC first reported on Form ADV by BLU Venture Management, LLC (Venture Capital Fund), GAV $327,500

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Sep 10, 2026 · 41 private fundsShow
Headquarters
Vienna, VAadviserinfo.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
Sep 10, 2026
Private funds reported
41 (41 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$215Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
BLU Venture Management, LLC (Non-Managing Member Of Blu Venture Investors Cyber Gp, Llc), owns 10% to 25%

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $212M across 37 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $192M across 23 vehicles

Evidence

53 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 exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserSep 10, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2020-05-14Sep 10, 2026FactForm ADV
First Form ADV filing2020-05-14Mar 28, 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 filing2026-09-10Sep 10, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2020-05-14Mar 30, 2026FactForm ADV
Venture share of reported funds1Sep 10, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
DescriptionSep 14, 2026FactFirm website
HeadquartersVienna, VAMar 30, 2026FactForm ADV
HeadquartersVienna, VAMar 28, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Private funds reported41Sep 10, 2026FactForm ADV
Private funds reported41Mar 30, 2026FactForm ADV
Private funds reported17Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$215MSep 10, 2026FactForm ADV
Private fund gross assets (reported)$215MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$187MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Sep 10, 2026FactForm ADV
Stated geographyMaryland, usa
“geography words on the home page”
Sep 14, 2026FactFirm website
Venture funds reported41Sep 10, 2026FactForm ADV
Venture funds reported41Mar 30, 2026FactForm ADV
Venture funds reported17Mar 28, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Website resolved domainevents.bizzabo.comSep 14, 2026FactFirm website
Website statusunreachable
“home page did not answer with HTML”
Sep 16, 2026Fact
Site titleSep 14, 2026FactFirm website
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
44
elevated
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $212M across 37 vehicles

The inputs behind each score
importance
gav: 0.4 · funds: 1 · people: 1 · investments: 0 · co investors: 0
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-03-26
emerging manager
fund count: 41 · reported gav: $211M · first adv filing: 2020-05-14 · years since first filing: 6.4

Fits, record history and connections

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

Fits

20 scored matches, best firstas of
  • score 46.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 46.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 46.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

+17 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
    2020-05-14source 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.