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 / Sandhill Markets Advisors LLC

Sandhill Markets Advisors LLC

Seed fund manager · probableUSsandhillmarkets.comSEC exempt reporting adviser

seed vehicles only

Importance
18
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
50
elevated
Freshness
99
high
Research priority
11
low
Identity and regulatory footprint
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
2261 MARKET STREET, STE 22691, San Francisco, CA, 94114adviserinfo.sec.gov
Business phone
(408) 475-0440adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
private fund adviseradviserinfo.sec.gov
Latest Form ADV
Jul 28, 2026
Private funds reported
39 (35 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$15.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Other Color LLC (Owner), E
business phone
617-510-7784adviserinfo.sec.govpublished by the subject
business phone
(408) 475-0440adviserinfo.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
39 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Anthropic May 2023, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2024 form d first saleEarly deployment$1.2M
Nov 15, 2024
48$1.2M
of $1.2M
Jan 17, 2024
Stonks Yc S23 Access Fund a Series of Stonks Private Funds LLCSPV or co-invest vehicle2023 form d first saleActive deployment$1.8M
Nov 15, 2024
63$1.8M
of $2.0M
Jun 17, 2024
Stripe May 2023, a Series of Stonks Spvs, LLCSPV or co-invest vehicle · ADV: Private Equity Fund2023 name yearActive deployment$439,002
Nov 15, 2024
48$439,002
of $439,002
Dec 21, 2023
Epic Games Aug 2023, a Series of Stonks Spvs, LLCSPV or co-invest vehicle · ADV: Private Equity Fund2023 name yearActive deployment$265,011
Nov 15, 2024
33$273,355
of $273,355
Dec 21, 2023
Flexport Sept 2023, a Series of Stonks Spvs, LLCSPV or co-invest vehicle · ADV: Private Equity Fund2023 name yearActive deployment$181,824
Nov 15, 2024
37$181,824
of $181,824
Dec 21, 2023
Stonks January 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$1.8M
Nov 15, 2024
227$1.8M
of $1.8M
Apr 12, 2022
Stonks January 2022 Qp Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$1.3M
Nov 15, 2024
58$1.3M
of $1.3M
Apr 12, 2022
Enduring Ventures Inc Nov 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$570,709
Nov 15, 2024
36$570,709
of $570,709
Feb 14, 2023
Front March 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$239,500
Nov 15, 2024
35$239,500
of $239,500
Apr 12, 2022
Alternativ January 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$181,000
Nov 15, 2024
17$181,000
of $181,000
Mar 21, 2022
Loanbase January 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$141,000
Nov 15, 2024
17$142,000
of $142,000
Feb 23, 2022
Staax March 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$100,500
Nov 15, 2024
20$100,500
of $100,500
Apr 20, 2022
Zefi January 2022 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$80,000
Nov 15, 2024
11$80,000
of $80,000
Mar 28, 2022
Composer Technologies Inc Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$75,500
Nov 15, 2024
18$75,500
of $75,500
Dec 5, 2022
Present Communications in Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$66,975
Nov 15, 2024
19$66,975
of $66,975
Dec 29, 2022
Infinite Forest Inc Nov 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$62,500
Nov 15, 2024
9$71,500
of $71,500
Jul 21, 2023
Front Nov 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$48,700
Nov 15, 2024
7$48,700
of $48,700
Jan 3, 2023
Gosky Ai Inc Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$44,000
Nov 15, 2024
9$31,334
of $31,334
May 2, 2023
Lockr Oct 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$41,000
Nov 15, 2024
9$31,334
of $31,334
Apr 14, 2023
Platohub Inc DBA Grupa Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$40,500
Nov 15, 2024
7$40,500
of $40,500
Nov 7, 2022
Boostly Inc Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$31,000
Nov 15, 2024
3$31,000
of $31,000
Nov 18, 2022
Krrave Technologies Pvt Lt Oct 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$30,000
Nov 15, 2024
4$30,000
of $30,000
Jan 5, 2023
Instreamatic Sep 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$26,757
Nov 15, 2024
4$32,757
of $32,757
Apr 18, 2023
Moneypool Nov 2022, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2022 name yearActive deployment$23,035
Nov 15, 2024
6$32,085
of $32,085
May 2, 2023
Demo Day Fund I, a Series of Stonks Funds, LLCSPV or co-invest vehicle2021 form d first saleMature$4.9M
Nov 15, 2024
59$3.8M
of $3.8M
Jul 18, 2022
JAR App November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$499,000
Nov 15, 2024
18$499,000
of $499,000
Feb 4, 2022
Untapped September 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$200,000
Nov 15, 2024
8$200,000
of $200,000
Nov 9, 2021
Kite August 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$162,000
Nov 15, 2024
8$162,000
of $162,000
Oct 12, 2021
Dawaai November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$142,000
Nov 15, 2024
8$167,000
of $167,000
Jan 19, 2022
Equi August 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$125,000
Nov 15, 2024
4$125,000
of $125,000
Sep 28, 2021
Piggy Capital November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$120,500
Nov 15, 2024
18$120,500
of $120,500
Jan 28, 2022
Selectfew November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$79,500
Nov 15, 2024
5$79,500
of $79,500
Jan 27, 2022
Rise November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$77,500
Nov 15, 2024
9$77,500
of $77,500
Dec 29, 2021
Hubuc September 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$75,000
Nov 15, 2024
4$65,000
of $65,000
Jan 14, 2022
Soar September 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$74,000
Nov 15, 2024
5$74,000
of $74,000
Oct 26, 2021
Safe December 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$71,500
Nov 15, 2024
8$71,500
of $71,500
Apr 12, 2022
Ongo November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$70,000
Nov 15, 2024
7$70,000
of $70,000
Dec 29, 2021
Buildbetter November 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$68,000
Nov 15, 2024
9$68,000
of $68,000
Mar 21, 2022
Yours December 2021 Spv, a Series of Stonks Spvs, LLCSPV or co-invest vehicle2021 name yearMature$49,968
Nov 15, 2024
7$50,000
of $50,000
Apr 13, 2022
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, 0 departed
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
40 dated events
  1. Nov 15, 2024
    Sandhill Markets Advisors LLC first filed Form ADV (ERA)
  2. Nov 15, 2024
    Equi August 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $125,000
  3. Nov 15, 2024
    Kite August 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $162,000
  4. Nov 15, 2024
    Untapped September 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $200,000
  5. Nov 15, 2024
    Selectfew November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $79,500
  6. Nov 15, 2024
    Yours December 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $49,968
  7. Nov 15, 2024
    Alternativ January 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $181,000
  8. Nov 15, 2024
    Demo Day Fund I, a Series of Stonks Funds, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $4,904,037
  9. Nov 15, 2024
    Buildbetter November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $68,000
  10. Nov 15, 2024
    Rise November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $77,500
  11. Nov 15, 2024
    Soar September 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $74,000
  12. Nov 15, 2024
    Zefi January 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $80,000
  13. Nov 15, 2024
    Composer Technologies Inc Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $75,500
  14. Nov 15, 2024
    Present Communications in Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $66,975
  15. Nov 15, 2024
    Stonks January 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $1,804,685
  16. Nov 15, 2024
    Stonks January 2022 Qp Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $1,271,010
  17. Nov 15, 2024
    Krrave Technologies Pvt Lt Oct 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $30,000
  18. Nov 15, 2024
    Front Nov 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $48,700
  19. Nov 15, 2024
    Enduring Ventures Inc Nov 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $570,709
  20. Nov 15, 2024
    Safe December 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $71,500
  21. Nov 15, 2024
    Staax March 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $100,500
  22. Nov 15, 2024
    Platohub Inc DBA Grupa Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $40,500
  23. Nov 15, 2024
    Boostly Inc Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $31,000
  24. Nov 15, 2024
    Infinite Forest Inc Nov 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $62,500
  25. Nov 15, 2024
    Gosky Ai Inc Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $44,000
  26. Nov 15, 2024
    Moneypool Nov 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $23,035
  27. Nov 15, 2024
    Anthropic May 2023, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Private Equity Fund), GAV $1,239,000
  28. Nov 15, 2024
    Stripe May 2023, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Private Equity Fund), GAV $439,002
  29. Nov 15, 2024
    Stonks Yc S23 Access Fund a Series of Stonks Private Funds LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $1,801,871
  30. Nov 15, 2024
    Ongo November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $70,000
  31. Nov 15, 2024
    Piggy Capital November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $120,500
  32. Nov 15, 2024
    Dawaai November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $142,000
  33. Nov 15, 2024
    JAR App November 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $499,000
  34. Nov 15, 2024
    Loanbase January 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $141,000
  35. Nov 15, 2024
    Hubuc September 2021 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $75,000
  36. Nov 15, 2024
    Front March 2022 Spv, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $239,500
  37. Nov 15, 2024
    Lockr Oct 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $41,000
  38. Nov 15, 2024
    Instreamatic Sep 2022, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Venture Capital Fund), GAV $26,757
  39. Nov 15, 2024
    Epic Games Aug 2023, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Private Equity Fund), GAV $265,011
  40. Nov 15, 2024
    Flexport Sept 2023, a Series of Stonks Spvs, LLC first reported on Form ADV by Sandhill Markets Advisors LLC (Private Equity Fund), GAV $181,824
Classification history
  1. Sep 12, 2026
    Seed fund manager (probable, 80%, cls-1)
    seed vehicles only
Evidence
30 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_funds_reportedJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedprivate_fund_adviserJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedprivate_fund_adviserNov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserNov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2024-11-15Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-07-28Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-11-15Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2024-11-15Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone(408) 475-0440Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone617-510-7784Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
HeadquartersSan Francisco, CAJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address2261 MARKET STREET, STE 22691, San Francisco, CA, 94114Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyNov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
PE funds reported4Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported39Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported39Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$15.5MJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$15.5MNov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture funds reported35Jul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported35Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttps://stonks.fundJul 28, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttps://sandhillmarkets.com/Nov 15, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Website statusunreachable
home page did not answer with HTML
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Website statusunreachable
home page did not answer with HTML
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)