DBL Partners
DBL Invests in companies that can deliver top-tier venture capital returns and enable social, environmental, and economic benefits. In fact, we believe healthy financial performance and positive social and environmental change are inherently connected.
In the firm's own words, from its website.
5 additional team members, 37 additional co-investors and affiliates, 129 additional investments, funds and LPs, 5 events, 25 verified contacts (12 published business email, 12 professional url, 1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Regulatory footprint (Form ADV): Exempt reporting adviser · 8 private funds · filed Mar 26, 2026 source
Filed a Form D on May 19, 2022, for a fund listed on its Form ADV (see the fund).
What matters now
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on Jun 16, 2026 ($14M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 1 departurepeople, 12 months
A team member departed (seen on or before Nov 10, 2026, the day it happened is not on record).
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam →
- 4 dealswith Canaan Partners
18 of the 40 most frequent co-investors were first seen with it on record in the last 12 months.
pair last observed on record Aug 1, 2018, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PartnerWhy: Partner: part of the investment decisionEmailProfile
- PartnerWhy: Partner: part of the investment decisionEmailProfile
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
142 connected entities3 observed roundsrounds 2015 to 2022
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.
42 mentions in the sources could not be matched to a firm or person, so they are held back from the picture and its summary.
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.
- Sponsor
- Company
- 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? Published routes
Name your firm, a company or a person, and DFX finds the published routes to DBL 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.
Public record only. For routes through people you know, see Who can introduce you.
See how you connect to DBL Partners
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Investing
122 companies on record, 2 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.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Airspace | Funding round | lead | unknown | $70.0M | unknown | May 25, 2022 | Fact Press release |
| Bellwether Coffee | Series B · Series B | lead | unknown | $40.0M | unknown | Sep 4, 2019 | Fact Press release |
| Mapbox | Series B · Series B | participant | unknown | $52.5M | unknown | Jun 17, 2015 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, climate, energy, space, logistics, industrial, agtech
- Stages
- seed
- Geography
- global, united states
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
People
12 current, 1 departed
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.- Jake Harris · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-02LinkedIn or profile link and work email on file (their bio on the firm's website, firm website), confirmed 2026-10-02, confidence 95%
- Mark Perutz · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-02LinkedIn or profile link and work email on file (firm website, their bio on the firm's website), confirmed 2026-10-02, confidence 95%
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. 2 with a route on file. 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.
1 departed (kept with end dates)
- Vincent Caruso · Principal · ? to Nov 10, 2026 Inference
Contacts
12 published business email, 1 firm phone, 12 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
7 vehicles, 0 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| DBL Partners Tiab 2022, LP | Fund | 2022 name year | Active deployment | $280M Mar 26, 2026 | 13 | $0 of $65.0M | May 19, 2022 |
| DBL Partners Iii-A, LP | Feeder or parallel | 2022 adv first reported | Active deployment | $138M Mar 26, 2026 | 3 | unknown | unknown |
| DBL Partners IV, LP | Fund | 2021 adv first reported | Mature | $1.9B Mar 26, 2026 | 161 | unknown | unknown |
Limited partners
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.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Surdna Foundation Inc | FOUNDATION | DBL Partners IV, LP | $4.3M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The V Kann Rasmussen Foundation Inc | FOUNDATION | DBL Partners III, L.P. | $991,172 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Surdna Foundation Inc | FOUNDATION | DBL Partners III, L.P. | $9.9M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
58 co-investors · on 2 other DFX graphs
Co-investors
- 2018-08-014 shared deals · strong
- 2026-11-102 shared deals · recurring
- 2026-11-102 shared deals · recurring
Compare portfolios with Canaan Partners, Silver Lake Technology Management, LLC, 1st Course Capital Management, LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs · 81 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
DBL Partners is the same institution as 2 records in Allocators and RIA and Wealth.
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.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Checking your plan…
DBL Partners sits on 81 traced paths of capital across the graphs.
DFX traced 81 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
10 dated events, 112 observations from 4 sources
Timeline
- seen on or beforeNov 10, 2026Vincent Caruso (Principal) no longer on the team page of DBL Partners
- Mar 26, 2026DBL Partners Ybj 2024, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $315,592,539
- Mar 27, 2023DBL Partners Tiab 2022, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $47,077,316
- Mar 31, 2022DBL Partners Iii-A, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $26,418,159
- Mar 31, 2022DBL Partners Iv-A, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $29,558,153
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 8 private fundsShowHide
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- DBLINVESTORS.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 26, 2026
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $9.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $8.9B across 7 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $2.3B across 7 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $2.3B across 6 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Dec 4, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Dec 4, 2024 | Fact | Form ADV |
| First Form ADV filing | 2015-02-06 | Mar 26, 2026 | Fact | Form ADV |
| First Form ADV filing | 2015-02-06 | Dec 4, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-13 | Nov 14, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-12 | Nov 13, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-11 | Nov 12, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-10 | Nov 11, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-09 | Nov 10, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-06 | Nov 7, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-03 | Nov 4, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-02 | Nov 3, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-30 | Nov 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-29 | Oct 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-28 | Oct 29, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-27 | Oct 28, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-25 | Oct 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-23 | Oct 25, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-22 | Oct 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-21 | Oct 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-20 | Oct 21, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-19 | Oct 20, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-16 | Oct 19, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-12 | Oct 14, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-13 | Oct 14, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-10 | Oct 12, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-09 | Oct 11, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-08 | Oct 10, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-07 | Oct 9, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-06 | Oct 8, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-05 | Oct 6, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-02 | Oct 4, 2026 | 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 | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-12-04 | Dec 4, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 26, 2026 | Fact | Form ADV |
| SEC status effective | 2015-02-06 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Dec 4, 2024 | Fact | Form ADV |
| Business phone | Mar 26, 2026 | Fact | Form ADV | |
| Business phone | Dec 4, 2024 | Fact | Form ADV | |
| Contact page url | Nov 10, 2026 | Fact | Firm website | |
| Contact page url | Oct 19, 2026 | Fact | Firm website | |
| Contact page url | Oct 2, 2026 | Fact | Firm website | |
| Description | Nov 10, 2026 | Fact | Firm website | |
| Description | Oct 19, 2026 | Fact | Firm website | |
| Description | Oct 2, 2026 | Fact | Firm website | |
| Headquarters | San Francisco, CA | Mar 26, 2026 | Fact | Form ADV |
| Headquarters | San Francisco, CA | Dec 4, 2024 | Fact | Form ADV |
| Office address | Mar 26, 2026 | Fact | Form ADV | |
| Office address | Dec 4, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Nov 10, 2026 | Fact | Firm website |
| Self-described type | Venture capital | Oct 19, 2026 | Fact | Firm website |
| Self-described type | Venture capital | Oct 2, 2026 | Fact | Firm website |
| Legal form | Limited Liability Company | Mar 26, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Dec 4, 2024 | Fact | Form ADV |
| Portfolio page | Nov 10, 2026 | Fact | Firm website | |
| Portfolio page | Oct 19, 2026 | Fact | Firm website | |
| Portfolio page | Oct 2, 2026 | Fact | Firm website | |
| Private funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 7 | Dec 4, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $9.2B | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $9.2B | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $2.3B | Dec 4, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 14, 2026 | Fact | Form ADV |
| Stated geography | Global, united states “geography words on the home page” | Nov 10, 2026 | Fact | Firm website |
| Stated geography | Global, united states “geography words on the home page” | Oct 19, 2026 | Fact | Firm website |
| Stated geography | Global, united states “geography words on the home page” | Oct 2, 2026 | Fact | Firm website |
| Stated sectors | AI, climate, energy, space, logistics, industrial, agtech “sector words on the home page” | Nov 10, 2026 | Fact | Firm website |
| Stated sectors | AI, climate, energy, space, defense, logistics, agtech “sector words on the home page” | Oct 19, 2026 | Fact | Firm website |
| Stated sectors | AI, climate, energy, space, defense, logistics, agtech “sector words on the home page” | Oct 2, 2026 | Fact | Firm website |
| Stated stages | seed “stage words on the home page” | Nov 10, 2026 | Fact | Firm website |
| Team page | Nov 10, 2026 | Fact | Firm website | |
| Team page | Oct 19, 2026 | Fact | Firm website | |
| Team page | Oct 2, 2026 | Fact | Firm website | |
| Venture funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 8 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Dec 4, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 26, 2026 | Fact | Form ADV | |
| Website | Dec 4, 2024 | Fact | Form ADV | |
| Website resolved domain | dbl.vc | Nov 10, 2026 | Fact | Firm website |
| Website resolved domain | dbl.vc | Oct 19, 2026 | Fact | Firm website |
| Website resolved domain | dbl.vc | Oct 2, 2026 | Fact | Firm website |
| Website resolved domain | dbl.vc | Sep 14, 2026 | Fact | Firm website |
| Site title | Nov 10, 2026 | Fact | Firm website | |
| Site title | Oct 19, 2026 | Fact | Firm website | |
| Site title | Oct 2, 2026 | Fact | Firm website |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $8.9B across 7 vehicles
This firm files as 2 advisers on dblinvestors.com: DBL Investors, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.89 · funds: 0.58 · people: 0.32 · investments: 0.77 · co investors: 0.71
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-08-13
- emerging manager
- fund count: 7 · reported gav: $8.9B · first adv filing: 2015-02-06 · years since first filing: 11.8
Connected records
Portfolio companies
- Airspace (since 2022)
- Bellwether Coffee (since 2019)
- Mapbox (since 2015)
114 more on this record
Funds
- DBL Partners Iii-A, LP (vintage 2022)
- DBL Partners Tiab 2022, LP (vintage 2022)
- DBL Partners IV, LP (vintage 2021)
4 more on this record
Co-investors
- Canaan Partners (4 shared deals)
- 1st Course Capital Management, LLC (2 shared deals)
- Silver Lake Technology Management, LLC (2 shared deals)
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 59.6confidence 100%Why: sector fit; stage fit; geography fit; activityWatch: adjacent portfolio
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Grouped with firm2026-09-12
- Adviser's first ADV filing2015-02-06source 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.