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.

Funds / CV II Billing, LLC

CV II Billing, LLC

MatureClosed to new capitalFundADV: Venture Capital FundCommerce Ventures Management, LLCDelaware
Amounts, each with its basis
Vintage
2020basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$10.0Mwhat may be sold, not what was raised; file 021-372813, sworn by the adviser or filed under this vehicle
Form D sold
$10.0Mas of the filing of Aug 10, 2020, 2 investors
First sale
Aug 4, 2020
Reported GAV
$10.0Mon the Form ADV filed May 10, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
2
Reported on ADV
Feb 28, 2021 to May 10, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2020-08-10: the stated $10.0M offering reported fully sold (fr-1)
evidence dated Aug 10, 2020. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 6first sale: 2020-08-04vintage year: $2,020adv gav as of: 2024-05-10vintage basis: form_d_first_saleform d sold usd: $10.0Mform d offering usd: $10.0Mform d latest filed at: 2020-08-10
The fund's own reporting through time
5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Feb 28, 2021Venture Capital Fund$10.0M
20%no
Mar 29, 2022Venture Capital Fund$10.0M
20%no
Mar 29, 2023Venture Capital Fund$10.0M
20%no
Mar 27, 2024Venture Capital Fund$10.0M
20%no
May 10, 2024Venture Capital Fund$10.0M
20%no
Principals and agents
2 principals on Form D, 0 placement agents
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
2 events
  1. Feb 28, 2021
    CV II Billing, LLC first reported on Form ADV by Commerce Ventures Management, LLC (Venture Capital Fund), GAV $9,989,645
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Aug 10, 2020
    CV II Billing, LLC filed Form D: $10,000,000 sold of $10,000,000, Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle