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Firms / S•••• B••••••••• M••••••••• L••

S•••• B••••••••• M••••••••• L••

Institutional venture firm · probableChattanooga, TNs•••••••.comSEC registered investment adviser

••• Locked

venture manager, reported GAV $165M across 12 vehicles

Importance
41
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
75
high
Freshness
98
high
Research priority
19
moderate
Identity and regulatory footprint
Headquarters
Chattanooga, TNadviserinfo.sec.gov
Office address
••• Lockedadviserinfo.sec.gov
Business phone
••• Lockedadviserinfo.sec.gov
SEC adviser type
registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Jul 30, 2026
Private funds reported
12 (12 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$165Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$165Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
6
Owners on Schedule A
R•••• B••••••• L•• (Member), NA
business phone
423-243-3460adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
30 observed deals
Stated (the firm’s website)
Sectors
healthcare, biotech, medtech, space
Stages
early
Geography
tennessee, usa, worldwide
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
Sectors
unknown 93%Biotechnology 3%Other Health Care 3%
lead rate n/afollow-on rate n/anew logos, 12 months 30
Funds and vehicles
12 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
S•••• I••••••••• S•••••• L••SPV or co-invest vehicle2024 form d first saleEarly deployment$1.5M
Sep 12, 2026
24$1.4MJan 16, 2025
S•••• T••••• S•••••• L••SPV or co-invest vehicle2024 form d first saleNewly closed$567,443
Sep 12, 2026
64$13.3MJan 16, 2025
S•••• B•••••• H•••••••• L••Fund2023 form d first saleActive deployment$9.0M
Sep 12, 2026
63$9.0MJul 30, 2024
S•••• S•••••• S••••••• L••SPV or co-invest vehicle2023 form d first saleActive deployment$5.3M
Sep 12, 2026
35$7.5MJul 30, 2024
S•••• B••••••••• E••••••• H••••••••• F•••• L•Fund2022 form d first saleActive deployment$48.6M
Sep 12, 2026
55$35.1MMay 21, 2024
S•••• V•••••• S••••••• L••SPV or co-invest vehicle2022 form d first saleActive deployment$12.0M
Sep 12, 2026
72$5.6MJul 30, 2024
S•••• F•••••• S••••••• L••SPV or co-invest vehicle2021 form d first saleMature$31.0M
Sep 12, 2026
78$9.0MJul 30, 2024
S•••• C••••• S••••••• L••SPV or co-invest vehicle2021 form d first saleMature$3.5M
Sep 12, 2026
35$6.9MJul 30, 2024
S•••• B••••••••• F••• I•• L•Fund2020 form d first saleMature$28.7M
Sep 12, 2026
88$35.1MJul 5, 2022
S•••• M•••••••• G•••• J•FundunknownUnknown$12.3M
Sep 12, 2026
9unknownunknown
S•••• B••••••••• F••• I• L•FundunknownUnknown$10.6M
Sep 12, 2026
58unknownunknown
S•••• A••••• B• S••••••SPV or co-invest vehicleunknownUnknown$1.8M
Sep 12, 2026
29unknownunknown
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, 0 departed
Investments on record
30 edges, 30 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
A••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
A••••• R••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
b•••••• i•••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
B••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
B•••••••• S•••••• a•• E•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
C••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
E•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
F•••••• T••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
I• O•••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
i•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
K•••• F•• U••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
N••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
P•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
P•••••••• H••••• I•••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
R••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
V•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
V••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
A••••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
A•••••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
B•••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
C•••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
C•••••• I•••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
D•••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
L••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
N••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
O•••••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
P•••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
R••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
S•••••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
T•••••portfolio listingunknownunknownunknownunknownSep 14, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“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
9 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
19 dated events
  1. Sep 16, 2026
    O••••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  2. Sep 16, 2026
    B••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  3. Sep 16, 2026
    L•••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  4. Sep 16, 2026
    S••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  5. Sep 16, 2026
    A•••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  6. Sep 16, 2026
    R•••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  7. Sep 16, 2026
    P••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  8. Sep 16, 2026
    N•••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  9. Sep 16, 2026
    C••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  10. Sep 16, 2026
    T••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  11. Sep 16, 2026
    D••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  12. Sep 16, 2026
    C•••••• I••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  13. Sep 16, 2026
    A••••••••• no longer listed on S•••• B••••••••• M••••••••• L••'s portfolio page
  14. Sep 12, 2026
    S•••• M•••••••• G•••• J• first reported on Form ADV by S•••• B••••••••• M••••••••• L••, GAV $12,256,344
  15. Sep 12, 2026
    S•••• B••••••••• F••• I•• L• first reported on Form ADV by S•••• B••••••••• M••••••••• L••, GAV $28,703,745
  16. Sep 12, 2026
    S•••• B••••••••• F••• I• L• first reported on Form ADV by S•••• B••••••••• M••••••••• L••, GAV $10,642,863
  17. Sep 12, 2026
    S•••• B••••••••• E••••••• H••••••••• F•••• L• first reported on Form ADV by S•••• B••••••••• M••••••••• L••, GAV $48,641,749
  18. Sep 12, 2026
    S•••• A••••• B• S•••••• first reported on Form ADV by S•••• B••••••••• M••••••••• L••, GAV $1,846,665
  19. Nov 19, 2025
    S•••• B••••••••• M••••••••• L•• appears on the SEC adviser roster (RIA)
Classification history
  1. Sep 13, 2026
    Institutional venture firm (probable, 80%, cls-1)
    venture manager, reported GAV $165M across 12 vehicles
  2. Sep 12, 2026
    Institutional venture firm (probable, 70%, cls-1)
    venture manager with no reported fund assets yet (scale unknown)
Evidence
30 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_funds_reportedJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeregistered_investment_adviserJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2026-07-30Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Adv pdf loadedadv-pdf-1Sep 12, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
SEC statusApprovedJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2025-11-19Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone••• LockedJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Description••• Locked
••• Locked
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Description••• Locked
••• Locked
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Employees6Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersChattanooga, TNJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address••• LockedJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Self-described typeventure_capital
••• Locked
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeventure_capital
••• Locked
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Portfolio pagehttps://s•••••••.com/
19 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://s•••••••.com/
33 entries read
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported12Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$165MJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Regulatory AUM (adviser, not fund size)$165MJul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Stated geographytennessee,usa,worldwide
geography words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographytennessee,usa,worldwide
geography words on the home page
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,biotech,medtech,space
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,biotech,medtech,space
sector words on the home page
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesearly
stage words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesearly
stage words on the home page
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported12Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttps://s•••••••.com/Jul 30, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Site title••• Locked
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site title••• Locked
title tag
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)