DFX Intelligence
BBG Ventures Management LLC
Backing pre-seed and seed founders who know the problem from the inside. Investing in deep technology and deep humanity.
In the firm's own words, from its website.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
8 additional team members, 3 additional investments, funds and LPs, 6 events, 2 verified contacts (1 general firm email, 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.
Nothing material in the last 180 days.
People to know
View all people- Co-founder & Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
18 connected entities1 observed roundrounds 2020
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
- Company
- 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 BBG Ventures Management LLC: 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 BBG Ventures Management LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 0 new in 12 months
Investments on recordWhat these amounts mean“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.
1 company, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| RadSwan, Inc. | Form D equity offering | unknown · board | Nisha Radha Dua (strongly supported) | $2.3M form d sold | unknown | Jan 14, 2020 | Inference Form D |
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech, healthcare, consumer, climate, deep tech, logistics, media, b2b, b2c
- Stages
- pre seed, seed, series a
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
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 no observed dealsfollow-on rate 0%new companies, 12 months 0
Team
13 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
- First Last · Co-founder & Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Claire Biernacki · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility
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 teamHow the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.
13 current, 0 departed
- Co-founder & Managing Partner
- Member · 1 deal attributed
- Partner
Contacts
1 general firm email, 1 firm phone
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehiclesWhat these amounts meanGAV 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.
5 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| BBG Ventures IV, L.P. | Fund | 2022 form d first sale | Active deployment | $49.3M Mar 31, 2026 | 32 | $53.5M of $60.0M | Nov 26, 2024 |
| BBG Ventures Iii-A, L.P. | Feeder or parallel | 2021 form d first sale | Mature | $6.4M Mar 31, 2026 | 2 | $5.0M of $5.0M | Feb 24, 2021 |
| BBG Ventures Spv LLC | SPV or co-invest vehicle | 2020 form d first sale | Mature | $5.1M Mar 31, 2026 | 23 | $459,450 of $459,450 | Dec 11, 2020 |
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 allocatorsWhat these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.
Relationships across DFX
0 co-investors
Co-investors
0 counted from shared deals, 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.
Evidence and history
11 dated events, 70 observations from 4 sources
Timeline
11 dated events
- seen on or beforeSep 16, 2026BBG Ventures Management LLC: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 31, 2026BBG Ventures Iv-I L.P. first reported on Form ADV by BBG Ventures Management LLC (Venture Capital Fund), GAV $5,784,694
- Mar 29, 2024BBG Ventures IV, L.P. first reported on Form ADV by BBG Ventures Management LLC (Venture Capital Fund), GAV $46,365,857
- Jun 1, 2023Bbgvmc LLC no longer reported on Form ADV by BBG Ventures Management LLC
- Mar 31, 2021BBG Ventures Iii-A, L.P. first reported on Form ADV by BBG Ventures Management LLC (Venture Capital Fund), GAV $6,518,664
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 6 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- bbgventures.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
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $156Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 16, 2026Seed fund manager (confirmed, 95%)Name or self-description says seed
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $151M across 5 vehicles
Evidence
70 observations from 4 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | May 8, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | May 8, 2024 | Fact | Form ADV |
| First Form ADV filing | 2020-06-26 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2020-06-26 | May 8, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-08 | May 8, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2024-05-08 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | May 8, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | May 8, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | no URL | |
| Entity type | Limited Partnership | Aug 5, 2020 | Fact | Form D |
| Form D fund type | Venture Capital Fund | Aug 5, 2020 | Fact | Form D |
| Form D industry group | Pooled Investment Fund | Aug 5, 2020 | Fact | Form D |
| Amendment | true | Aug 5, 2020 | Fact | Form D |
| Revenue range (Form D) | Decline to Disclose | Aug 5, 2020 | Fact | Form D |
| Headquarters | New York, NY | Mar 31, 2026 | Fact | Form ADV |
| Incorporated | withinFiveYears | Aug 5, 2020 | Fact | Form D |
| Jurisdiction | Delaware | Aug 5, 2020 | Fact | Form D |
| Amount sold (Form D) | 24,528,990 | Aug 5, 2020 | Fact | Form D |
| Offering amount (Form D) | 50,000,000 | Aug 5, 2020 | Fact | Form D |
| Exemptions | 06b, 3C, 3C.1 | Aug 5, 2020 | Fact | Form D |
| First sale | 2019-08-09 | Aug 5, 2020 | Fact | Form D |
| Investors (Form D) | 32 | Aug 5, 2020 | Fact | Form D |
| Minimum investment (Form D) | 0 | Aug 5, 2020 | Fact | Form D |
| Securities offered | pooled | Aug 5, 2020 | Fact | Form D |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Aug 5, 2020 | Fact | Form D | |
| Self-described type | seed | Sep 16, 2026 | Fact | no URL |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | May 8, 2024 | Fact | Form ADV |
| Portfolio page | Sep 16, 2026 | Fact | no URL | |
| Private funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 5 | May 8, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $156M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $156M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $151M | May 8, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated sectors | AI, fintech, healthcare, consumer, climate, deep tech, logistics, media, B2B, B2c “sector words on the home page” | Sep 16, 2026 | Fact | no URL |
| Stated stages | Pre seed, seed, series a “stage words on the home page” | Sep 16, 2026 | Fact | no URL |
| Team page | Sep 16, 2026 | Fact | no URL | |
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | May 8, 2024 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | May 8, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | no URL | |
| Year of incorporation | 2019 | Aug 5, 2020 | Fact | Form D |
How this is scored
Scores, classification basis and filing advisersSeed fund manager, confirmedShowHide
Importance
24
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Seed fund managerSEC exempt reporting adviser
Name or self-description says seed
The inputs behind each score
- importance
- gav: $0 · funds: 0.5 · people: 0.24 · investments: 0 · co investors: 0
- 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: 6 · reported gav: $150M · first adv filing: 2020-06-26 · years since first filing: 6.3
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
3 dated events on the change ledger, latest event first
- Organization classification changed2026-09-16
- Form D filed2020-08-05source on record
- Adviser's first ADV filing2020-06-26source 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.