DBL Partners

Institutional venture firmSEC venture capital fund adviser· San Francisco, CaliforniaDBLINVESTORS.COM

Institutional venture firm, based in San Francisco, California, reporting $8.9B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$8.9B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
10
Latest vintage
2022
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (59)Team (12)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

6 additional co-investors and affiliates, 13 additional investments, funds and LPs, 4 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.

What matters now

  1. 4 deals
    with Canaan Partners

    Invests most often alongside Canaan Partners (4 shared deals) and 1st Course Capital Management (2 shared deals).

    pair last observed on record 1 Aug 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
  • Ira M Ehrenpreis
    Member
    Why: Named with investment responsibility
    No route on file yet
  • Nancy Ellen Pfund
    Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

18 connected entities

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
  • Fund or vehicle
  • Person

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 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.

See how you connect to DBL Partners

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

59 companies on record, 1 new in 12 months
Investments on record
59 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
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: no observed deals yet
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 1

Team

12 current, 0 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
12 current, 0 departed
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

7 vehicles, 0 LPs disclosed
Funds and vehicles
7 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
DBL Partners Tiab 2022, LPFund2022 name yearActive deployment$280M
Mar 26, 2026
13$0
of $65.0M
May 19, 2022
DBL Partners Iii-A, LPFeeder or parallel2022 adv first reportedActive deployment$138M
Mar 26, 2026
3unknownunknown
DBL Partners IV, LPFund2021 adv first reportedMature$1.9B
Mar 26, 2026
161unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
12 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Surdna Foundation IncFOUNDATIONDBL Partners IV, LP$4.3M
fair value on the foundation's return
reported as of Jun 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Surdna Foundation IncFOUNDATIONDBL Partners III, L.P.$9.9M
fair value on the foundation's return
reported as of Jun 30, 2025Fact IRS Form 990 / 990-PF e-file returns
The Schmidt Family FoundationFOUNDATIONDBL Partners III, L.P.$3.5M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

9 co-investors · on 2 other DFX graphs
Co-investors
9 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 9 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

DBL 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

DBL Partners sits on 9 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 9 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

9 dated events, 56 observations from 4 sources
Timeline
9 dated events
  1. Mar 26, 2026
    DBL Partners Ybj 2024, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $315,592,539
    Fund first reported on Form ADVFundsInferenceDBL Partners YBJ 2024, L.P.Form ADV
  2. Mar 27, 2023
    DBL Partners Tiab 2022, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $47,077,316
    Fund first reported on Form ADVFundsFactDBL Partners Tiab 2022, LPForm ADV
  3. Mar 31, 2022
    DBL Partners Iv-A, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $29,558,153
    Fund first reported on Form ADVFundsFactDBL Partners Iv-A, LPForm ADV
  4. Mar 31, 2022
    DBL Partners Iii-A, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $26,418,159
    Fund first reported on Form ADVFundsFactDBL Partners Iii-A, LPForm ADV
  5. Mar 31, 2021
    DBL Partners Tiab 2020, LP first reported on Form ADV by DBL Partners (Venture Capital Fund), GAV $83,949,334
    Fund first reported on Form ADVFundsFactDBL Partners Tiab 2020, LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 8 private fundsShow
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
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $8.9B across 7 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $2.3B across 7 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $2.3B across 6 vehicles
Evidence
56 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 26, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 26, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserDec 4, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2026FactForm ADV
SEC adviser typeExempt reporting adviserDec 4, 2024FactForm ADV
First Form ADV filing2015-02-06Mar 26, 2026FactForm ADV
First Form ADV filing2015-02-06Dec 4, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2024-12-04Dec 4, 2024FactForm ADV
SEC statusERA - ActiveMar 26, 2026FactForm ADV
SEC status effective2015-02-06Mar 26, 2026FactForm ADV
Venture share of reported funds1Mar 26, 2026FactForm ADV
Venture share of reported funds1Dec 4, 2024FactForm ADV
Business phoneMar 26, 2026FactForm ADV
Business phoneDec 4, 2024FactForm ADV
HeadquartersSan Francisco, CAMar 26, 2026FactForm ADV
HeadquartersSan Francisco, CADec 4, 2024FactForm ADV
Office addressMar 26, 2026FactForm ADV
Office addressDec 4, 2024FactForm ADV
Legal formLimited Liability CompanyMar 26, 2026FactForm ADV
Legal formLimited Liability CompanyDec 4, 2024FactForm ADV
Private funds reported8Mar 26, 2026FactForm ADV
Private funds reported8Mar 26, 2026FactForm ADV
Private funds reported7Dec 4, 2024FactForm ADV
Private fund gross assets (reported)$9.2BMar 26, 2026FactForm ADV
Private fund gross assets (reported)$9.2BMar 26, 2026FactForm ADV
Private fund gross assets (reported)$2.3BDec 4, 2024FactForm ADV
Schedule a diffsadiff-1Sep 14, 2026FactForm ADV
Venture funds reported8Mar 26, 2026FactForm ADV
Venture funds reported8Mar 26, 2026FactForm ADV
Venture funds reported7Dec 4, 2024FactForm ADV
WebsiteSep 12, 2026FactForm ADV
WebsiteMar 26, 2026FactForm ADV
WebsiteDec 4, 2024FactForm ADV
Website resolved domaindbl.vcSep 14, 2026FactFirm website
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShow
Importance
47
elevated
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

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.

The inputs behind each score
importance
gav: $1 · funds: 0.58 · people: 0.08 · investments: 0 · co investors: 0.39
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 7 · reported gav: $8.9B · first adv filing: 2015-02-06 · years since first filing: 11.6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 identity change, 1 dated event on the change ledger, latest event first
  • Grouped with firm
    2026-09-12
  • Adviser's first ADV filing
    2015-02-06source 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.