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.

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Firms / B• B••••• T•••••••• L••

B• B••••• T•••••••• L••

Institutional venture firmSan Francisco, CAb•••••SEC venture capital fund adviser

We invest in fintech and vertical AI companies founded by teams we're excited to work with over decades.

venture manager, reported GAV $367M across 9 vehicles

Importance
37
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
75
high
Freshness
99
high
Research priority
18
moderate
Identity and regulatory footprint
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
11 PEARL STREET, San Francisco, CA, 94103adviserinfo.sec.gov
Business phone
650-206-9223adviserinfo.sec.gov
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 18, 2026
Private funds reported
8 (8 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$560Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
650-206-9223adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
10 observed deals
Stated (the firm’s website)
Sectors
ai, fintech
Stages
pre seed, seed, series a, series b
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
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 10
Funds and vehicles
9 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
B•• F• S•• I• L•SPV or co-invest vehicle2024 adv first reportedEarly deployment$2.0M
Mar 22, 2024
1$0Jun 21, 2023
B•• O•• I• L•Fund2022 adv first reportedActive deployment$66.1M
Mar 22, 2024
76unknownunknown
B•• I• C•• L•Fund2022 adv first reportedActive deployment$1.5M
Mar 22, 2024
32$0Nov 23, 2021
B•• I•• L•Fund2021 form d first saleMature$151M
Mar 22, 2024
125$146MSep 7, 2023
B•• D•••••• S••• L••SPV or co-invest vehicle2021 form d first saleMature$2.2M
Mar 22, 2024
36$5.5MMar 11, 2021
B•• I•• S•• I• L••SPV or co-invest vehicle2020 form d first saleMature$7.9M
Mar 22, 2024
4$4.9MDec 17, 2021
B••••• T••••••• V••••••• F••• I• L•Fund2019 form d first saleMature$136M
Mar 22, 2024
100$73.5M
of $73.5M
Nov 12, 2020
B•• F• S•• I•• L••SPV or co-invest vehicleunknownFundraisingunknownunknown$0Nov 26, 2025
B•• I••• L•FundunknownUnknownunknownunknown$0Sep 19, 2024
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
3 current, 0 departed
Investments on record
10 edges, 10 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
B••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
B•••••• Q•••••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
C•••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
L••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
M•••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
M•••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
O••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
R••••••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
T•• L••• A•• o• •••• A••••• a•• F••• O•••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
U•••portfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“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.
Co-investors
15 relationships from shared deals, counted for the whole firm
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
8 dated events
  1. Mar 22, 2024
    B•• F• S•• I• L• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $2,013,508
  2. Mar 24, 2022
    B•• I• C•• L• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $1,404,082
  3. Mar 24, 2022
    B•• O•• I• L• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $62,101,020
  4. Mar 24, 2022
    B•• I•• L• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $136,102,041
  5. Apr 28, 2021
    B•• D•••••• S••• L•• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $5,500,000
  6. Apr 28, 2021
    B••••• T••••••• V••••••• F••• I• L• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $81,800,000
  7. Apr 28, 2021
    B•• I•• S•• I• L•• first reported on Form ADV by B• B••••• T•••••••• L•• (Venture Capital Fund), GAV $2,600,000
  8. Apr 28, 2021
    B• B••••• T•••••••• L•• first filed Form ADV (ERA, venture capital fund adviser exemption)
Classification history
  1. Sep 15, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $367M across 9 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $223M across 7 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $223M across 5 vehicles
Evidence
45 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2021-04-28Mar 22, 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 filing2026-03-18Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-03-22Mar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2021-04-28Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Mar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone650-206-9223Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone650-206-9223Mar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionWe invest in fintech and vertical AI companies founded by teams we're excited to work with over decades.
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionWe invest in fintech and vertical AI companies founded by teams we're excited to work with over decades.
meta description
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersSan Francisco, CAMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersSan Francisco, CAMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address11 PEARL STREET, San Francisco, CA, 94103Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address11 PEARL STREET, San Francisco, CA, 94103Mar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.btv.vc/
10 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.btv.vc/
10 entries read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported8Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported7Mar 22, 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)$560MMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$367MMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated sectorsai,fintech
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,fintech
sector words on the home page
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagespre_seed,seed,series_a,series_b
stage words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagespre_seed,seed,series_a,series_b
stage words on the home page
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.btv.vc/
1 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.btv.vc/
1 name/title pairs read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported8Mar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported7Mar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttp://btv.vcMar 18, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Websitehttp://btv.vcMar 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleB••••• T••••••• Ventures
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleB••••• T••••••• Ventures
title tag
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)