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 / Marine Layer Capital LLC
Marine Layer Capital LLC
This firm files as 2 advisers on bengalcap.com: Bengal Impact Partners 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.
seed vehicles only
Importance
13
low
Active deployment
0
low
Emerging
0
low
Completeness
31
moderate
Freshness
99
high
Research priority
4
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 312-752-6200adviserinfo.sec.gov
- Website
- https://www.bengalcap.com/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Nov 14, 2024
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $17.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 312-752-6200adviserinfo.sec.govpublished by the subject
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 n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
8 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| MSO III, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $1.1M Nov 14, 2024 | 17 | $0 of $1.1M | Sep 14, 2020 |
| MSO IV, a Series of Bengal Catalyst Fund Spv LP | SPV or co-invest vehicle | 2021 form d first sale | Mature | $2.2M Nov 14, 2024 | 25 | $2.2M of $2.2M | Jul 1, 2021 |
| Concentrates IV, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2020 adv first reported | Mature | $1.1M Nov 14, 2024 | 18 | $0 of $1.1M | Feb 5, 2020 |
| MSO II, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2019 form d first sale | Mature | $4.0M Nov 14, 2024 | 37 | $4.0M of $4.0M | Jun 11, 2019 |
| Concentrates I, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2019 form d first sale | Mature | $3.3M Nov 14, 2024 | 31 | $5.2M of $5.2M | Mar 12, 2019 |
| MSO I, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2019 form d first sale | Mature | $1.5M Nov 14, 2024 | 28 | $6.1M of $6.1M | Mar 27, 2019 |
| Concentrates II, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | 2019 form d first sale | Mature | $844,130 Nov 14, 2024 | 26 | $4.7M of $4.7M | Jul 2, 2019 |
| Concentrates III, a Series of Bengal Capital Ventures LP | SPV or co-invest vehicle | unknown | Unknown | $3.6M Nov 14, 2024 | 34 | $3.8M of $3.8M | Sep 3, 2019 |
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
1 current, 1 departed
Sanjay Tolia
Platform and operationsManager, Member, And Chief Compliance Officer · since Oct 1, 2018
1 departed (kept with end dates)
- Jason Daniel Emeott · Manager, Member, Chief Compliance Officer · Sep 1, 2019 to Jun 14, 2022 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
- Jun 14, 2022MSO III, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $1,113,990Fund first reported on Form ADVFundsFactMSO III, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 14, 2022Jason Danial Emeott (Manager, Member, Chief Compliance Officer) no longer on Schedule A of Marine Layer Capital LLC
- Mar 27, 2020Concentrates IV, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $1,000,000Fund first reported on Form ADVFundsFactConcentrates IV, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019MSO II, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $4,042,000Fund first reported on Form ADVFundsFactMSO II, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019Marine Layer Capital LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019Concentrates I, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $10,777,824Fund first reported on Form ADVFundsFactConcentrates I, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019MSO I, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $6,075,000Fund first reported on Form ADVFundsFactMSO I, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019Concentrates II, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $5,470,237Fund first reported on Form ADVFundsFactConcentrates II, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 22, 2019Concentrates III, a Series of Bengal Capital Ventures LP first reported on Form ADV by Marine Layer Capital LLC (Venture Capital Fund), GAV $3,770,000Fund first reported on Form ADVFundsFactConcentrates III, a Series of Bengal Capital Ventures LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Seed fund manager (probable, 80%, cls-1)seed vehicles only
Evidence
19 observations from 2 sources