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 / Boardman Bay Capital Management LLC
Boardman Bay Capital Management LLC
both early and growth/opportunity families, reported GAV $490M
Importance
36
elevated
Active deployment
33
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
15
moderate
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 1120 AVENUE OF THE AMERICAS 4TH FLOOR, New York, NY, 10036adviserinfo.sec.gov
- Business phone
- 646-358-4181adviserinfo.sec.gov
- Website
- HTTP://WWW.BOARDMANBAY.COM
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 15 (10 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $490Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $518Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 3
- business email
- ir@boardmanbay.comboardmanbay.compublished by the subject
- business phone
- 646-358-4181adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- ai, deep tech, hardware, robotics, defense
- Stages
- not stated or not yet read
- Geography
- new york
- 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 a 100%
Stage at first entry
series a 100%
Sectors
Other 50%unknown 50%
lead rate 0%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
16 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Boardman Bay Ventures, LP - Series I | Fund | 2026 form d first sale | Fundraising | $106M Sep 12, 2026 | 97 | $21.9M | Mar 31, 2026 |
| Boardman Bay Ventures, LP - Series I7 | Fund | 2026 form d first sale | Fundraising | $19.3M Sep 12, 2026 | 10 | $6.5M | Mar 31, 2026 |
| Boardman Bay Ventures, LP - Series Q | Fund | 2026 form d first sale | Fundraising | $15.8M Sep 12, 2026 | 51 | $15.8M | Mar 31, 2026 |
| Boardman Bay Ventures, LP - Series Q7 | Fund | 2026 form d first sale | Fundraising | $5.5M Sep 12, 2026 | 2 | $5.5M | Mar 31, 2026 |
| Boardman Bay Ventures, LP - Series N | Fund | 2025 form d first sale | Fundraising | $10.5M Sep 12, 2026 | 53 | $10.7M | Jun 9, 2026 |
| Boardman Bay Ventures, LP - Series O | Fund | 2025 form d first sale | Fundraising | $9.1M Sep 12, 2026 | 35 | $8.1M | Aug 20, 2025 |
| Boardman Bay Ventures, LP - Series L | Fund | 2024 form d first sale | Early deployment | $4.2M Sep 12, 2026 | 19 | $1.2M | Aug 21, 2024 |
| Boardman Bay Optical Opportunities, LP | Opportunity fund | 2018 form d first sale | Fundraising | $13.4M Sep 12, 2026 | 15 | $10.6M | Aug 14, 2025 |
| Boardman Bay Master, Ltd. | Fund | 2012 form d first sale | Fundraising | $11.6M Sep 12, 2026 | 18 | $51.9M | Aug 14, 2025 |
| Boardman Bay Ventures, LP - Series H | Fund | unknown | Unknown | $166M Sep 12, 2026 | 98 | $0 | Jul 21, 2020 |
| Boardman Bay Ventures, LP - Series H7 | Fund | unknown | Fundraising | $116M Sep 12, 2026 | 113 | $0 | Aug 20, 2025 |
| Boardman Bay Ventures, LP - Series K | Fund | unknown | Unknown | $4.6M Sep 12, 2026 | 29 | $0 | Aug 21, 2024 |
| Boardman Bay Ventures, LP - Series a | Fund | unknown | Unknown | $3.6M Sep 12, 2026 | 20 | unknown | unknown |
| Boardman Bay Ventures, LP - Series B | Fund | unknown | Unknown | $3.2M Sep 12, 2026 | 10 | $0 | Jun 30, 2015 |
| Boardman Bay Ventures, LP - Series F | Fund | unknown | Unknown | $1.2M Sep 12, 2026 | 41 | $0 | Apr 18, 2019 |
| ADD Capital Investment LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Apr 7, 2026 |
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
William Boardman Graves
Managing partnerManaging Member And Chief Investment Officer · since Apr 1, 2012
Kenneth Bernard Brown
Platform and operationsCco · since May 1, 2012
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Positron AI, Inc. | Funding round | participant | unknown | $875M | unknown | Sep 10, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Havoc | Series A · Series A | participant | unknown | $100M | unknown | May 12, 2026 | 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
24 relationships from shared deals, counted for the whole firm
Unless Management LP 1 shared · one timeQatar Investment Authority 1 shared · one timeResilience Reserve 1 shared · one timeNEA 1 shared · one time · they led 1Atreides Management, LP 1 shared · one time · they led 1Arena Private Wealth 1 shared · one timeDFJ Growth 1 shared · one timeHudson River Trading 1 shared · one timeNatural Capital 1 shared · one timeHelena 1 shared · one timeFlume Ventures Management, LLC 1 shared · one timeFincadia Advisors 1 shared · one timeBanyan Ventures 1 shared · one timeLockheed Martin 1 shared · one timeCobalt Capital 1 shared · one timeTaiwania Capital Management USA, Inc. 1 shared · one timeMute Ventures 1 shared · one timeCCM Capital Markets 1 shared · one timeSAIC 1 shared · one timeB Capital 1 shared · one timeClear Street 1 shared · one timeMeet Perry 1 shared · one timeSoren Ventures 1 shared · one timeScout Vc, LLC 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
12 dated events
- Sep 12, 2026Boardman Bay Capital Management LLC: MICRO_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $490M)Classification changedClassificationInferenceno URL
- Sep 12, 2026Boardman Bay Ventures, LP - Series O first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $9,094,508Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series OIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series L first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $4,215,477Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series LIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series K first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $4,585,126Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series KIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series H7 first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $116,310,807Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series H7IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series H first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $165,563,433Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series HIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series F first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $1,188,960Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series FIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series B first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $3,188,007Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series BIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Ventures, LP - Series a first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $3,568,350Fund first reported on Form ADVFundsFactBoardman Bay Ventures, LP - Series aIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Optical Opportunities, LP first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $13,428,553Fund first reported on Form ADVFundsFactBoardman Bay Optical Opportunities, LPIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Boardman Bay Master, Ltd. first reported on Form ADV by Boardman Bay Capital Management LLC, GAV $11,642,462Fund first reported on Form ADVFundsFactBoardman Bay Master, Ltd.IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Apr 8, 2014Boardman Bay Capital Management LLC appears on the SEC adviser roster (RIA)First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
- Sep 13, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $490M
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $0.0M across 1 vehicles
Evidence
29 observations from 3 sources