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 / Brick & Mortar Ventures Management, LLC
Brick & Mortar Ventures Management, LLC
both early and growth/opportunity families, reported GAV $235M
Importance
43
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 430 PACIFIC AVENUE, San Francisco, CA, 94133adviserinfo.sec.gov
- Business phone
- 415-802-1988adviserinfo.sec.gov
- Website
- HTTP://BRICKMORTAR.VC/
- 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
- Mar 12, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $254Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@brickmortar.vcbrickmortar.vcpublished by the subject
- business phone
- 415-802-1988adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
50 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, medtech, energy, hardware
- Stages
- not stated or not yet read
- Geography
- asia, austin, bay area, global, india, singapore, southeast, worldwide
- 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 92%Other Technology 6%Other 2%
lead rate n/afollow-on rate n/anew logos, 12 months 50
Funds and vehicles
7 reported, 5 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Brick & Mortar Opportunity I, L.P. | Opportunity fund | 2024 adv first reported | Early deployment | $3.5M Mar 29, 2024 | 1 | unknown | unknown |
| Brick & Mortar Ventures II, L.P. | Fund | 2022 adv first reported | Active deployment | $44.1M Mar 29, 2024 | 21 | $0 of $150M | Dec 21, 2021 |
| Brick & Mortar Ventures Spv III, L.P. | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $29.1M Mar 29, 2024 | 1 | unknown | unknown |
| Brick & Mortar Ventures Spv II, L.P. | SPV or co-invest vehicle | 2020 form d first sale | Mature | $9.5M Mar 29, 2024 | 2 | $1.7M of $1.7M | Oct 23, 2020 |
| Brick & Mortar Ventures Spv I, L.P. | SPV or co-invest vehicle | 2020 form d first sale | Mature | $4.6M Mar 29, 2024 | 5 | $1.5M of $1.5M | Mar 29, 2022 |
| Brick & Mortar Ventures I, L.P. | Fund | unknown | Unknown | $144M Mar 29, 2024 | 13 | $0 of $100M | Dec 21, 2017 |
| Brick & Mortar Ventures III, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $150M | Mar 28, 2025 |
| Brick & Mortar Ventures Spv VI, L.P. | SPV or co-invest vehicle | 2023 adv first reported | Wound down | $9.0M Mar 31, 2023 | 1 | unknown | unknown |
| Brick & Mortar Ventures Spv VII, L.P. | SPV or co-invest vehicle | 2023 adv first reported | Wound down | $2.1M Mar 31, 2023 | 1 | unknown | unknown |
| Brick & Mortar Ventures Spv Viii, L.P. | SPV or co-invest vehicle | 2023 adv first reported | Wound down | $999,999 Mar 31, 2023 | 1 | unknown | unknown |
| Brick & Mortar Ventures Spv V, L.P. | SPV or co-invest vehicle | 2022 adv first reported | Wound down | $4.0M Mar 31, 2023 | 1 | unknown | unknown |
| Brick & Mortar Ventures Spv IV, L.P. | SPV or co-invest vehicle | 2022 adv first reported | Wound down | $2.7M Mar 31, 2023 | 1 | unknown | unknown |
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, 0 departed
Darren Bechtel
PartnerFounder & Managing Director
Darren Hogan Bechtel
PartnerManaging Director · since Aug 1, 2017
Investments on record
50 edges, 50 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
35 relationships from shared deals, counted for the whole firm
Formation 8 1 shared · one time · they led 1Y Combinator 1 shared · one timeStellar Management Partners LLC 1 shared · one timeSuffolk Technologies Fund Management, L.L.C. 1 shared · one timeMaveron LLC 1 shared · one timeNotation Capital Management, LLC 1 shared · one timeAugment Ventures 1 shared · one timeAccion 1 shared · one timeSterling Road 1 shared · one timeWeatherford Capital Management 1 shared · one timeGreat North Ventures 1 shared · one timeMorpheus Advisors 1 shared · one timeAcorn Pacific Ventures 1 shared · one timeToloka LLC 1 shared · one timeMerus Capital Management Company, LLC 1 shared · one timeCorazon Group LLC 1 shared · one timeBuilding Ventures, LLC 1 shared · one timeActivant Capital Group LLC 1 shared · one timeAvenir 1 shared · one timeRC Capital 1 shared · one timeBling Capital LLC 1 shared · one timeFour Rivers Group 1 shared · one timeMoneta Ventures, LLC 1 shared · one timeXYZ Venture Capital 1 shared · one timeLakehouse Ventures, LLC 1 shared · one timeMortar Ventures 1 shared · one timePruven Management Company, LLC 1 shared · one timeKompas VC 1 shared · one timeThe Venture Collective LLC 1 shared · one timeFuture Ventures 1 shared · one timeAnkona Management, LLC 1 shared · one timeWayfinder Ventures Management, L.L.C. 1 shared · one timeMac Venture Capital 1 shared · one timeAntler 1 shared · one timeS3 Ventures 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
18 dated events
- Sep 16, 2026Drawer.ai no longer listed on Brick & Mortar Ventures Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceDrawer.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 29, 2024Brick & Mortar Ventures Spv VI, L.P. no longer reported on Form ADV by Brick & Mortar Ventures Management, LLCFund no longer reportedFundsInferenceBrick & Mortar Ventures Spv VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Brick & Mortar Opportunity I, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $3,500,000Fund first reported on Form ADVFundsFactBrick & Mortar Opportunity I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Brick & Mortar Ventures Spv V, L.P. no longer reported on Form ADV by Brick & Mortar Ventures Management, LLCFund no longer reportedFundsInferenceBrick & Mortar Ventures Spv V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Brick & Mortar Ventures Spv IV, L.P. no longer reported on Form ADV by Brick & Mortar Ventures Management, LLCFund no longer reportedFundsInferenceBrick & Mortar Ventures Spv IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Brick & Mortar Ventures Spv Viii, L.P. no longer reported on Form ADV by Brick & Mortar Ventures Management, LLCFund no longer reportedFundsInferenceBrick & Mortar Ventures Spv Viii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Brick & Mortar Ventures Spv VII, L.P. no longer reported on Form ADV by Brick & Mortar Ventures Management, LLCFund no longer reportedFundsInferenceBrick & Mortar Ventures Spv VII, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Brick & Mortar Ventures Spv Viii, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $999,999Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv Viii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Brick & Mortar Ventures Spv VI, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $9,000,000Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Brick & Mortar Ventures Spv VII, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $2,075,206Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv VII, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures Spv III, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $3,059,998Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures II, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $12,888,164Fund first reported on Form ADVFundsFactBrick & Mortar Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures Spv II, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $8,429,327Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures Spv I, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $3,074,239Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures Spv V, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $3,059,999Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Brick & Mortar Ventures Spv IV, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $2,560,150Fund first reported on Form ADVFundsFactBrick & Mortar Ventures Spv IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 20, 2018Brick & Mortar Ventures Management, 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)
- Feb 20, 2018Brick & Mortar Ventures I, L.P. first reported on Form ADV by Brick & Mortar Ventures Management, LLC (Venture Capital Fund), GAV $50,000,000Fund first reported on Form ADVFundsFactBrick & Mortar Ventures I, L.P.SEC 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 (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $235M
Evidence
48 observations from 3 sources