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 / Bienville Capital Management, LLC
Bienville Capital Management, LLC
Private equity with venture activity · probableNew York, NYbienvillecapital.comSEC registered investment adviserfundraising evidence
Bienville is an investment firm offering Asset Management and Advisory Services across both public and private markets.
registered adviser; venture funds are 8% of 13 private funds
Importance
27
moderate
Active deployment
71
high
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 521 FIFTH AVENUE, 35TH FLOOR, New York, NY, 10175adviserinfo.sec.gov
- Business phone
- (212) 226-7348adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 10, 2026
- Private funds reported
- 13 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $4.5Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 27
- Owners on Schedule A
- Ralph F. Reynolds Children's Trust of 2011 (Member), B; Moonpie Management, LLC (Member), B
- business email
- info@bienvillecapital.combienvillecapital.compublished by the subject
- business phone
- (212) 226-7348adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, vertical saas
- Stages
- seed
- Geography
- global
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- family office
Observed (from deals on record)
Stage at participation
series a 67%series b 33%
Stage at first entry
series a 67%series b 33%
Sectors
unknown 67%Other Technology 33%
lead rate 0%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| SpaceLinQ Ventures, LLC | Fund | 2025 form d first sale | Fundraising | unknown | unknown | $4.5M of $12.0M | Mar 26, 2025 |
| eMerchant Partners, LLC | Fund | 2025 form d first sale | Fundraising | unknown | unknown | $2.5M of $25.0M | Nov 6, 2025 |
| Bienville Fractal Seed Fund II, a Separate Series of Bienville Opportunities Master Series Fund, LLC | Opportunity fund | 2022 form d first sale | Active deployment | $243M Mar 27, 2024 | 63 | $242M | May 12, 2023 |
| Bienville Fractal Seed Fund, a Separate Series of Bienville Opportunities Master Series Fund, LLC | Opportunity fund | 2020 form d first sale | Mature | $92.5M Mar 27, 2024 | 101 | $25.7M | Dec 8, 2020 |
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
10 current, 1 departed
Brandon Downey Pilot
AnalystMember / Senior Analyst · since May 1, 2016
Investor Relations
AnalystInvestment Analyst
William Sandys Stimpson
Board or advisoryTrustee - Ralph F. Reynolds Children'S Trust Of 2011 · since Jan 1, 2011
William Herbert Stimpson
Founder or executiveMember / Chief Executive Officer · since Jan 1, 2009
Cullen Thompson Bienville
OtherBienville offers two different but complementary investment solutions:
Michael Cullen Thompson
PartnerMember / Chief Investment Officer · since Jan 1, 2009
Ralph Faden Reynolds
PartnerMember · since Jan 1, 2009
Abigail J Penzell
Platform and operationsGeneral Counsel / Chief Compliance Officer · since May 1, 2018
Alan Jeffrey Speer
Platform and operationsChief Financial Officer · since Jan 1, 2017
Michael Aaron Jemal
Platform and operationsChief Operating Officer · since Nov 1, 2022
1 departed (kept with end dates)
- Donald Stoltz · Member · Jun 1, 2009 to Mar 31, 2022 Inference
Investments on record
3 edges, 3 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| GovWell | Series A · Series A | participant | unknown | $25.0M | unknown | May 14, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Ritten, Inc. | Series B · Series B | participant | unknown | $35.0M | unknown | Dec 11, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| ExaCare AI | Series A · Series A | participant | unknown | $30.0M | unknown | Oct 16, 2025 | 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
2 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
9 dated events
- Mar 30, 2023Bienville Fractal Seed Fund II, a Separate Series of Bienville Opportunities Master Series Fund, LLC first reported on Form ADV by Bienville Capital Management, LLC (Venture Capital Fund), GAV $217,791,207
- Nov 1, 2022Michael Aaron Jemal joined Schedule A of Bienville Capital Management, LLC as Chief Operating Officer
- Mar 31, 2022Donald Stoltz (Member) no longer on Schedule A of Bienville Capital Management, LLC
- Mar 31, 2021Bienville Fractal Seed Fund, a Separate Series of Bienville Opportunities Master Series Fund, LLC first reported on Form ADV by Bienville Capital Management, LLC (Venture Capital Fund), GAV $25,682,500
- May 1, 2018Abigail J Penzell joined Schedule A of Bienville Capital Management, LLC as General Counsel / Chief Compliance Officer
- Jan 1, 2017Alan Jeffrey Speer joined Schedule A of Bienville Capital Management, LLC as Chief Financial Officer
- May 1, 2016Brandon Downey Pilot joined Schedule A of Bienville Capital Management, LLC as Member / Analyst
- Mar 27, 2012Bienville Capital Management, LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2011William Sandys Stimpson joined Schedule A of Bienville Capital Management, LLC as Trustee - Ralph F. Reynolds Children'S Trust Of 2011
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 8% of 13 private funds
Evidence
74 observations from 3 sources