DFX Intelligence
Clearstone Venture Partners
Institutional venture firm, based in Santa Monica, California, reporting $359M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
2 additional team members, 1 additional co-investor or affiliate, 13 additional investments, funds and LPs, 24 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.
Nothing material in the last 180 days. Last change: 18 Mar 2026, 1 new company in the last 12 months.
People to know
View all people- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
29 connected entities6 observed rounds1 repeat counterparty3 dated rounds shown here, 2009 to 2010
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
- Capital provider
- 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 Clearstone Venture Partners: 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 Clearstone Venture Partners
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
6 companies on record, 1 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.6 companies, 7 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Xage Security, Inc. | board seat | unknown · board | Sumant Mandal (strongly supported) | unknown | unknown | Mar 18, 2026 | Inference Form D |
| DiVitas Networks Inc | Form D equity offering | unknown · board | Sumant Mandal (strongly supported) | $2.5M form d sold | unknown | Dec 30, 2010 | Inference Form D |
| Novariant, Inc. | Form D equity offering | unknown · board | William Edward Quigley (strongly supported) | $4.5M form d sold | unknown | Dec 23, 2010 | Inference Form D |
Stated thesis versus observed behaviour
7 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, fintech, marketplaces
- Stages
- series a, early
- Geography
- india
- 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 83%Other 17%
lead rate no observed dealsfollow-on rate 20%new companies, 12 months 1
Team
5 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.5 current, 1 departed
- Managing Member · 3 deals attributed
- Managing Member · 3 deals attributed
- Managing Member · 1 deal attributed
1 departed (kept with end dates)
- Erik D Lassila · Managing Member · Aug 1, 2000 to Mar 29, 2018 Inference
Contacts
1 firm phone
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
7 vehicles, 1 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.7 reported, 6 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fabric Expansion Fund, LP | Fund | 2019 form d first sale | Mature | $5.0M Mar 14, 2026 | 46 | $4.9M of $25.0M | Jul 2, 2019 |
| The Fabric III, LLC | Fund | 2018 form d first sale | Harvest | $17.2M Mar 14, 2026 | 32 | $14.3M of $25.0M | Mar 19, 2018 |
| The Fabric II, LLC | Fund | 2016 adv first reported | Harvest | $358,135 Mar 14, 2026 | 33 | unknown | unknown |
Limited partners
1 LPs, 1 disclosed commitments
- 1 commitment to 1 fund · $35.0M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.1 relationship across the firm's funds, from public pensions and the allocator graph
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | Clearstone Venture Partners Iii-A, L.P. | $35.0M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
Relationships across DFX
4 co-investors · on 2 other DFX graphs
Co-investors
4 counted from shared deals, for the whole firm
- 2010-12-231 shared deal · one time
- 2010-12-231 shared deal · one time
- 2009-04-201 shared deal · one time
Across DFX and the capital chainon 2 other DFX graphs · 6 capital paths ShowHide
Across DFX
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs
Clearstone Venture Partners is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Capital chain
Clearstone Venture Partners sits on 6 traced paths of capital across the graphs.
Allocator to VC fund to manager to companyAllocator commitments to a manager
DFX traced 6 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
29 dated events, 130 observations from 4 sources
Timeline
29 dated events
- Aug 13, 2021The Hive III, LLC no longer reported on Form ADV by Clearstone Venture Partners
- Aug 13, 2021Hive Holding, LLC no longer reported on Form ADV by Clearstone Venture Partners
- Aug 13, 2021The Hive IV, LLC no longer reported on Form ADV by Clearstone Venture Partners
- Aug 13, 2021The Hive II, L.L.C. no longer reported on Form ADV by Clearstone Venture Partners
- Mar 15, 2021The Hive IV, LLC first reported on Form ADV by Clearstone Venture Partners (Venture Capital Fund), GAV $2,608,064
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 14, 2026 · 6 private fundsShowHide
- Headquarters
- Santa Monica, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- CLEARSTONE.COM
- 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 14, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $359Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- 51 Streeterville Trust, William S. Elkus, Trustee (Member), owns 25% to 50%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $359M across 7 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $399M across 7 vehicles
Evidence
131 observations from 4 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 14, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 14, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 24, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 14, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 14, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 24, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 14, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 24, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-14 | Mar 14, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-14 | Mar 14, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-24 | Mar 24, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 14, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-29 | Mar 14, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 14, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 24, 2024 | Fact | Form ADV |
| Business phone | Mar 14, 2026 | Fact | Form ADV | |
| Business phone | Mar 24, 2024 | Fact | Form ADV | |
| Headquarters | Santa Monica, CA | Mar 14, 2026 | Fact | Form ADV |
| Headquarters | Santa Monica, CA | Mar 24, 2024 | Fact | Form ADV |
| Office address | Mar 14, 2026 | Fact | Form ADV | |
| Office address | Mar 24, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 14, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 24, 2024 | Fact | Form ADV |
| Private funds reported | 6 | Mar 14, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 14, 2026 | Fact | Form ADV |
| Private funds reported | 7 | Mar 24, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $359M | Mar 14, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $359M | Mar 14, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $399M | Mar 24, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 14, 2026 | Fact | Form ADV |
| Stated geography | india “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 29, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 28, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 27, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 26, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 25, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 24, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 23, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 22, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 21, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 20, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 19, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 18, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 17, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | india “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 29, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 28, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 27, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 26, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 25, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 24, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 23, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 22, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 21, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 20, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 19, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 18, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 17, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, fintech, marketplaces “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 29, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 28, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 27, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 26, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 25, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 24, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 23, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 22, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 21, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 20, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 19, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 18, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 17, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Series a, early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Venture funds reported | 6 | Mar 14, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 14, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 24, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 14, 2026 | Fact | Form ADV | |
| Website | Mar 24, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 29, 2026 | Fact | ||
| Site title | Sep 28, 2026 | Fact | ||
| Site title | Sep 27, 2026 | Fact | ||
| Site title | Sep 26, 2026 | Fact | ||
| Site title | Sep 25, 2026 | Fact | ||
| Site title | Sep 24, 2026 | Fact | ||
| Site title | Sep 23, 2026 | Fact | ||
| Site title | Sep 22, 2026 | Fact | ||
| Site title | Sep 21, 2026 | Fact | ||
| Site title | Sep 20, 2026 | Fact | ||
| Site title | Sep 19, 2026 | Fact | ||
| Site title | Sep 18, 2026 | Fact | ||
| Site title | Sep 17, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Importance
46
elevated
Active deployment
4
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser
Venture manager, reported GAV $359M across 7 vehicles
The inputs behind each score
- importance
- gav: 0.47 · funds: 1 · people: 0.32 · investments: 0.31 · co investors: 0.24
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-03-18
- emerging manager
- fund count: 13 · reported gav: $359M · first adv filing: 2012-03-29 · years since first filing: 14.5
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 filing2012-03-29source 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.