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 / Westly Capital Management III, L.L.C.
Westly Capital Management III, L.L.C.
Institutional venture firmMenlo Park, CAwestlygroup.comSEC venture capital fund adviserpart of Westly Group
One of 2 advisers that share westlygroup.com; the firm is Westly Group. The Westly Group. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
venture manager, reported GAV $288M across 5 vehicles
Importance
23
moderate
Active deployment
0
low
Emerging
0
low
Completeness
50
elevated
Freshness
97
high
Research priority
6
low
Identity and regulatory footprint
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- 2200 SAND HILL ROAD,, SUITE 250, Menlo Park, CA, 94025adviserinfo.sec.gov
- Business phone
- (650) 275-7420adviserinfo.sec.gov
- Website
- HTTPS://WWW.WESTLYGROUP.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 31, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $468Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- (650) 275-7420adviserinfo.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
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Westly Seed Fund I, LP | Seed fund | 2022 form d first sale | Active deployment | $2.7M Dec 23, 2024 | 11 | $100.0M of $100M | Jun 27, 2024 |
| Westly Capital Partners Fund IV, LP | Fund | 2020 form d first sale | Mature | $115M Dec 23, 2024 | 50 | $297M of $297M | Jan 14, 2022 |
| Westly Capital Partners Fund III, L.P. | Fund | unknown | Unknown | $149M Dec 23, 2024 | 28 | $0 of $150M | Aug 23, 2016 |
| Westly Capital Partners Affiliates Fund III, L.P. | Feeder or parallel | unknown | Unknown | $17.1M Dec 23, 2024 | 3 | $0 of $25.0M | Aug 23, 2016 |
| Westly Capital Partners Affiliates IV, LP | Feeder or parallel | unknown | Unknown | $5.1M Dec 23, 2024 | 4 | unknown | unknown |
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
2 current, 0 departed
David Coveney Coglizer
PartnerPartner · since Aug 1, 2016
Steven Paul Westly
PartnerPartner · since Aug 1, 2016
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
39 relationships from shared deals, counted for the whole firm
Activate Capital Partners 5 shared · strongCanaan Partners 2 shared · recurringDoorga Capital 2 shared · recurringAdit Ventures Management, LLC 2 shared · recurringGlynn Capital Management, LLC 2 shared · recurringFelicis Ventures 1 shared · one time · they led 1Four Rivers Group 1 shared · one timeCity Light Capital Management III, LLC 1 shared · one timeBase Venture Management, Inc. 1 shared · one timeXYZ Venture Capital 1 shared · one timeTranslink Capital 1 shared · one timeSapphire Ventures, LLC 1 shared · one timeLG Technology Ventures 1 shared · one timeSolyco Capital LLC 1 shared · one timeM33 Growth LLC 1 shared · one timePruven Management Company, LLC 1 shared · one timeUpper90 1 shared · one timeDorm Room Fund 1 shared · one timeTenoneten 1 shared · one timeRaptor Capital Management LP 1 shared · one timeCIV Investment Management, LLC 1 shared · one timeSeraphim Space Manager LLP 1 shared · one timeCollaborative Fund Management LLC 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeHOF Capital 1 shared · one timeHV Capital 1 shared · one timeNightdragon Management Company, LLC 1 shared · one timeInnovation Endeavors: Reimagining the technical frontier 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeEarth Foundry Management, LP 1 shared · one timeFontinalis Partners, LLC 1 shared · one timePledge Ventures Ltd 1 shared · one timeFM Capital 1 shared · one timeUnion Square Ventures 1 shared · one timeCausation Ventures, L.L.C. 1 shared · one timeAnthemis 1 shared · one timeStorm Ventures 1 shared · one timeBoldstart Ventures Management LLC 1 shared · one timeActivant Capital Group LLC 1 shared · one time
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
6 dated events
- Dec 23, 2024Westly Capital Management III, L.L.C. 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)
- Dec 23, 2024Westly Capital Partners Affiliates IV, LP first reported on Form ADV by Westly Capital Management III, L.L.C. (Venture Capital Fund), GAV $5,106,047Fund first reported on Form ADVFundsFactWestly Capital Partners Affiliates IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2024Westly Capital Partners Fund III, L.P. first reported on Form ADV by Westly Capital Management III, L.L.C. (Venture Capital Fund), GAV $148,657,382Fund first reported on Form ADVFundsFactWestly Capital Partners Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2024Westly Capital Partners Affiliates Fund III, L.P. first reported on Form ADV by Westly Capital Management III, L.L.C. (Venture Capital Fund), GAV $17,068,184Fund first reported on Form ADVFundsFactWestly Capital Partners Affiliates Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2024Westly Capital Partners Fund IV, LP first reported on Form ADV by Westly Capital Management III, L.L.C. (Venture Capital Fund), GAV $114,613,931Fund first reported on Form ADVFundsFactWestly Capital Partners Fund IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2024Westly Seed Fund I, LP first reported on Form ADV by Westly Capital Management III, L.L.C. (Venture Capital Fund), GAV $2,739,145Fund first reported on Form ADVFundsFactWestly Seed Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $288M across 5 vehicles
Evidence
29 observations from 2 sources