DFX Intelligence
BBG Ventures Spv LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureClosed to new capitalADV: Venture Capital FundSingle-purpose vehicle
A single-purpose vehicle, usually formed for one deal.
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +195%reported GAV
Reported gross assets rose from $1.72M to $5.09M between the Form ADV filings of 8 May 2024 and 31 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
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
- $459,450what may be sold, not what was raised; file 021-382928, sworn by the adviser or filed under this vehicle
- Form D sold
- $459,450as of the filing of Dec 11, 2020, 5 investors
- First sale
- Nov 24, 2020
- Reported GAV
- $5.1Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 23
- Reported on ADV
- Mar 31, 2021 to Mar 31, 2026
Fundraising evidenceWhat counts as raisingA 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.
Closed to new capital
Form D filed or amended 2020-12-11: the stated $459,450 offering reported fully sold (fr-1)
evidence dated Dec 11, 2020.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: Nov 24, 2020vintage year: 2020adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $459,450form d offering: $459,450form d latest filed at: Dec 11, 2020
The fund's own reporting through time
7 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2021 | Venture Capital Fund | $459,455 | 5 | $10,000 | 0% | yes | |
| Mar 31, 2022 | Venture Capital Fund | $459,455 | 5 | $10,000 | 0% | yes | |
| Jun 1, 2023 | Venture Capital Fund | $459,455 | 5 | $10,000 | 0% | no | |
| Mar 29, 2024 | Venture Capital Fund | $1.7M | 5 | $10,000 | 0% | no | |
| Apr 30, 2024 | Venture Capital Fund | $1.7M | 5 | $10,000 | 0% | no | |
| May 8, 2024 | Venture Capital Fund | $1.7M | 5 | $10,000 | 0% | no | |
| Mar 31, 2026 | Venture Capital Fund | $5.1M | 23 | $10,000 | 1% |
Principals and agents
1 principal on Form D, 0 placement agents
- Susan Lyne Executive Officer/Director/Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AdministratorALLOCATIONS FUND ADMINISTRATION LLC · DOVER, Delaware, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorBelltower Fund Group (AngelList) · SEATTLE, Washington, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianBelltower Fund Group (AngelList) · SEATTLE, Washington, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
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.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
3 events
- Mar 31, 2026Custodian changed: Belltower Fund Group (AngelList) replaced First Republic Bank, first reported on the Form ADV filed March 31, 2026 (previous filing March 28, 2025)Custodian changed Fact Form ADV
- Mar 31, 2021BBG Ventures Spv LLC first reported on Form ADV by BBG Ventures Management LLC (Venture Capital Fund), GAV $459,455Fund first reported on Form ADV Fact Form ADV
- Dec 11, 2020BBGV SPV I a series of BBG Ventures SPV LLC filed Form D: $459,450 sold of $459,450, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Dec 11, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Dec 11, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Dec 11, 2020 Fact Form D
- Amendment: false Dec 11, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Dec 11, 2020 Fact Form D
- Incorporated: withinFiveYears Dec 11, 2020 Fact Form D
- Jurisdiction: Delaware Dec 11, 2020 Fact Form D
- Amount sold (Form D): $459,450 Dec 11, 2020 Fact Form D
- Offering amount (Form D): $459,450 Dec 11, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Dec 11, 2020 Fact Form D
- First sale: 2020-11-24 Dec 11, 2020 Fact Form D
- Investors (Form D): 5 Dec 11, 2020 Fact Form D
- Minimum investment (Form D): 10,000 Dec 11, 2020 Fact Form D
- Securities offered: Equity, pooled Dec 11, 2020 Fact Form D
- Office address: Dec 11, 2020 Fact Form D
- Year of incorporation: 2020 Dec 11, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
BBG Ventures Spv LLC is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2021-03-31source on record
- Form D filed2020-12-11source 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.