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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / B••••••••• C••••••• L••
B••••••••• C••••••• L••
both early and growth/opportunity families, reported GAV $2,360M
Importance
40
elevated
Active deployment
29
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
15
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 600 MONTGOMERY ST, FL 35, San Francisco, CA, 94111adviserinfo.sec.gov
- Business phone
- 415-677-5340adviserinfo.sec.gov
- Website
- b•••••••••.com
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 18, 2026
- Private funds reported
- 12 (12 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.9Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $2.9Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 28
- business phone
- 415-677-5340adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- crypto
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
11 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| B••• O••••••• L• | Fund | 2023 adv first reported | Active deployment | $723M Oct 3, 2024 | 182 | unknown | unknown |
| B••• V• Q•• L• | Feeder or parallel | 2023 adv first reported | Active deployment | $419M Oct 3, 2024 | 232 | unknown | unknown |
| B••• V•• L• | Fund | 2023 adv first reported | Active deployment | $5.4M Oct 3, 2024 | 21 | unknown | unknown |
| B••••••••• C•••••• V• Q•• L• | Feeder or parallel | 2021 adv first reported | Mature | $326M Oct 3, 2024 | 256 | $0 of $250M | Apr 22, 2020 |
| B••••••••• C•••••• V• L• | Fund | 2021 adv first reported | Mature | $13.5M Oct 3, 2024 | 27 | unknown | unknown |
| B••••••••• C•••••• I•• D•••••• L••••• V•••••• F•••• L• | Fund | 2018 adv first reported | Harvest | $119M Oct 3, 2024 | 1 | unknown | unknown |
| B• E•• S•••••• O••••••••• F•••• L• | Opportunity fund | 2018 adv first reported | Harvest | $3.8M Jun 29, 2018 | 2 | unknown | unknown |
| B••••••••• C•••••• I•• L• | Fund | 2017 form d first sale | Harvest | $494M Oct 3, 2024 | 99 | $125M of $125M | Mar 22, 2018 |
| B••••••••• C•••••• P••••••• I•• L• | Feeder or parallel | 2017 form d first sale | Harvest | $107M Oct 3, 2024 | 2 | $25.0M of $25.0M | Apr 2, 2018 |
| C••••• C••••••• P••••••• I•• L• | Fund | 2014 form d first sale | Harvest | $140M Oct 3, 2024 | 59 | $4.0M of $20.0M | Dec 16, 2014 |
| C••••• C••••••• P•••••••• L• | Fund | 2014 form d first sale | Harvest | $9.0M Oct 3, 2024 | 21 | $1.1M | Dec 16, 2014 |
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
5 current, 1 departed
A•••••• P•••• S••••••
Operating partnerChief Operating Officer And Operating Partner · since Mar 1, 2023
Z•••• N•• A••••••
Operating partnerChief Compliance Officer, Chief Financial Officer, Operating Partner · since Jan 1, 2022
P••• B••••••• S•••••••
PartnerMember · since Oct 1, 2014
W•••••• B••••••• S•••••••
PartnerMember · since Oct 1, 2014
H•••••• J• R•••••
Platform and operationsGeneral Counsel · since Jun 1, 2018
1 departed (kept with end dates)
- B•••• J•••••• P••••• · Member · Oct 1, 2014 to Mar 29, 2018 Inference
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| R••••••• | Series B · Series B | participant | unknown | $107M | unknown | Dec 16, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“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
3 relationships from shared deals, counted for the whole firm
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
16 dated events
- Mar 31, 2023B••• O••••••• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $184,419,326Fund first reported on Form ADVFundsFactB••• O••••••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023B••• V•• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $4,626,297Fund first reported on Form ADVFundsFactB••• V•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023B••• V• Q•• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $351,964,516Fund first reported on Form ADVFundsFactB••• V• Q•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2023A•••••• P•••• S•••••• joined Schedule A of B••••••••• C••••••• L•• as Chief Operating Officer And Operating Partner
- Jan 1, 2022Z•••• N•• A•••••• joined Schedule A of B••••••••• C••••••• L•• as Chief Compliance Officer And Chief Financial Officer
- Mar 5, 2021B••••••••• C•••••• V• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $1,092,727Fund first reported on Form ADVFundsFactB••••••••• C•••••• V• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 5, 2021B••••••••• C•••••• V• Q•• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $29,349,511Fund first reported on Form ADVFundsFactB••••••••• C•••••• V• Q•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2019C••••• C••••••• P•••••••• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $5,745,959Fund first reported on Form ADVFundsFactC••••• C••••••• P•••••••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2018H•••••• J• R••••• joined Schedule A of B••••••••• C••••••• L•• as Chief Compliance Officer, General Counsel
- Mar 29, 2018B••••••••• C•••••• I•• D•••••• L••••• V•••••• F•••• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $50,670,620Fund first reported on Form ADVFundsFactB••••••••• C•••••• I•• D•••••• L••••• V•••••• F•••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018B•••• J•••••• P••••• (Member) no longer on Schedule A of B••••••••• C••••••• L••
- Mar 29, 2018B• E•• S•••••• O••••••••• F•••• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $12,572,796Fund first reported on Form ADVFundsFactB• E•• S•••••• O••••••••• F•••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018B••••••••• C•••••• P••••••• I•• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $13,471,667Fund first reported on Form ADVFundsFactB••••••••• C•••••• P••••••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018B••••••••• C•••••• I•• L• first reported on Form ADV by B••••••••• C••••••• L•• (Venture Capital Fund), GAV $12,707,547Fund first reported on Form ADVFundsFactB••••••••• C•••••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 3, 2016C••••• C••••••• P••••••• I•• L• first reported on Form ADV by B••••••••• Capital LLC (Venture Capital Fund), GAV $7,900,000Fund first reported on Form ADVFundsFactC••••• C••••••• P••••••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 3, 2016B••••••••• Capital 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)
Classification history
- Sep 12, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $2,360M
Evidence
64 observations from 3 sources