Bluestein Ventures Management LLC

Micro VCSEC venture capital fund adviser· Chicago, Illinoisbluesteinventures.com

Bluestein Ventures: we invest in the future of food. We look for game-changing, early-stage ventures across the food industry.

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

Reported fund assets
$45.0M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
4
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

3 additional team members, 17 additional co-investors and affiliates, 25 additional investments, funds and LPs, 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.

Nothing material in the last 180 days.

People to know

View all people
  • Member And Manager
    Why: Named with investment responsibility
    No route on file yet
  • Member And Manager
    Why: Named with investment responsibility
    No route on file yet
  • Member And Manager
    Why: Named with investment responsibility
    No route on file yet

Relationship network

55 connected entities2 observed rounds1 repeat counterparty

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
  • Sponsor
  • 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 Bluestein Ventures 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 Bluestein Ventures Management LLC

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

Investing

28 companies on record, 0 new in 12 months

Investments on record

28 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Aerfloportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
ALTRportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Ariseportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website

Stated thesis versus observed behaviour

30 observed deals
Stated (the firm’s website)
Sectors
consumer, agtech, b2b, b2c
Stages
early
Geography
chicago
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
Industries, each company once
Consumer products and retail (1)Life sciences (1)
lead rate no observed dealsfollow-on rate 100%new companies, 12 months 0

Team

6 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Andrew Bluestein · Member And Manager
    Why this person: Named with investment responsibility
  • Ashley Hartman · Member And Manager
    Why this person: Named with investment responsibility
  • Emily Bluestein · Member And Manager
    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

6 current, 0 departed

Contacts

1 firm phone

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

Funds and LPs

1 vehicle, 0 LPs disclosed

Funds and vehicles

1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Bluestein Ventures Fund III, L.P.Fund2022 form d first saleActive deployment$45.0M
Feb 2, 2026
97$44.3M
of $44.3M
Dec 28, 2023

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

20 co-investors

Co-investors

20 counted from shared deals, for the whole firm

Evidence and history

2 dated events, 60 observations from 4 sources

Timeline

2 dated events
  1. Jul 7, 2022
    Bluestein Ventures Management LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  2. Jul 7, 2022
    Bluestein Ventures Fund III, L.P. first reported on Form ADV by Bluestein Ventures Management LLC (Venture Capital Fund), GAV $26,550,000
    Fund first reported on Form ADVFundsFactBluestein Ventures Fund III, L.P.Form ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Feb 2, 2026 · 1 private fundsShow
Headquarters
Chicago, ILadviserinfo.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
Feb 2, 2026
Private funds reported
1 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$45.0Madviserinfo.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
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $45.0M across 1 vehicle

Evidence

60 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedFeb 2, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserFeb 2, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 4, 2024FactForm ADV
SEC adviser typeExempt reporting adviserFeb 2, 2026FactForm ADV
SEC adviser typeExempt reporting adviserFeb 2, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 4, 2024FactForm ADV
First Form ADV filing2022-07-07Feb 2, 2026FactForm ADV
First Form ADV filing2022-07-07Mar 4, 2024FactForm 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 filing2026-02-02Feb 2, 2026FactForm ADV
Latest Form ADV filing2026-02-02Feb 2, 2026FactForm ADV
Latest Form ADV filing2024-03-04Mar 4, 2024FactForm ADV
SEC statusERA - ActiveFeb 2, 2026FactForm ADV
SEC status effective2022-07-07Feb 2, 2026FactForm ADV
Venture share of reported funds1Feb 2, 2026FactForm ADV
Venture share of reported funds1Mar 4, 2024FactForm ADV
Business phoneFeb 2, 2026FactForm ADV
Business phoneMar 4, 2024FactForm ADV
DescriptionSep 16, 2026Fact
DescriptionSep 14, 2026Fact
HeadquartersChicago, ILFeb 2, 2026FactForm ADV
HeadquartersChicago, ILMar 4, 2024FactForm ADV
Office addressFeb 2, 2026FactForm ADV
Office addressMar 4, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 14, 2026Fact
Legal formLimited Liability CompanyFeb 2, 2026FactForm ADV
Legal formLimited Liability CompanyMar 4, 2024FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 14, 2026Fact
Private funds reported1Feb 2, 2026FactForm ADV
Private funds reported1Feb 2, 2026FactForm ADV
Private funds reported1Mar 4, 2024FactForm ADV
Private fund gross assets (reported)$45.0MFeb 2, 2026FactForm ADV
Private fund gross assets (reported)$45.0MFeb 2, 2026FactForm ADV
Private fund gross assets (reported)$45.0MMar 4, 2024FactForm ADV
Schedule a diffsadiff-1Feb 2, 2026FactForm ADV
Stated geographychicago
“geography words on the home page”
Sep 16, 2026Fact
Stated geographychicago
“geography words on the home page”
Sep 14, 2026Fact
Stated sectorsConsumer, agtech, B2B, B2c
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsConsumer, agtech, B2B, B2c
“sector words on the home page”
Sep 14, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 14, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 14, 2026Fact
Venture funds reported1Feb 2, 2026FactForm ADV
Venture funds reported1Feb 2, 2026FactForm ADV
Venture funds reported1Mar 4, 2024FactForm ADV
WebsiteMar 4, 2024FactForm ADV
Site titleSep 16, 2026Fact
Site titleSep 14, 2026Fact
How this is scored
Scores, classification basis and filing advisersMicro VC, confirmedShow
Importance
32
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Micro VCSEC exempt reporting adviser

Venture manager, reported GAV $45.0M across 1 vehicle

The inputs behind each score
importance
gav: 0.2 · funds: 0.08 · people: 0.36 · investments: 0.55 · co investors: 0.53
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: 1 · reported gav: $45.0M · first adv filing: 2022-07-07 · years since first filing: 4.2

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
    2022-07-07source 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.