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.
Funds / Section Ventures II, LP
Section Ventures II, LP
FundraisingActive offering evidenceFundADV: Venture Capital FundSection Partners Management, LLCDelaware
Amounts, each with its basis
- Vintage
- 2023basis: 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
- $50.0Mwhat may be sold, not what was raised; file 021-474536, sworn by the adviser or filed under this vehicle
- Form D sold
- $22.6Mas of the filing of Sep 12, 2025, 14 investors
- First sale
- Mar 2, 2023
- Reported GAV
- $4.8Mon the Form ADV filed Mar 27, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 14
- Reported on ADV
- Mar 27, 2024 to Mar 27, 2024
Fundraising evidence
Active offering evidence
Form D filed or amended 2025-09-12: sold $22.6M of a stated $50.0M offering (fr-1)
evidence dated Sep 12, 2025. 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
Fundraising
Form D within 18 months and the offering is not sold out
first sale: 2023-03-02vintage year: $2,023adv gav as of: 2024-03-27vintage basis: form_d_first_saleform d sold usd: $22.6Mform d offering usd: $50.0Mform d latest filed at: 2025-09-12
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2024 | Venture Capital Fund | $4.8M | 14 | $100,000 | 1% | yes |
Principals and agents
3 principals on Form D, 2 placement agents
- Section Partners Management, LLC Executive Officer
- Section Ventures Associates II, LLC Executive Officer
- John David Verron Crowder Executive Officer
- Equus Financial Consulting, LLC placement agent
- Colchester Partners LLC placement agent
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
3 events
- Sep 12, 2025Section Ventures II, LP filed Form D/A: $22,650,000 sold of $50,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Mar 27, 2024Section Ventures II, LP first reported on Form ADV by Section Partners Management, LLC (Venture Capital Fund), GAV $4,795,620Fund 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)
- Mar 1, 2023Section Ventures II, LP filed Form D: no sales yet of $50,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Entity type: Limited Partnership Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: true Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Decline to Disclose Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $22.6M Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $50.0M Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $50.0M Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.1, 3C.7 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- First sale: 2023-03-02 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 14 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 100,000 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 525 UNIVERSITY AVENUE, SUITE 24, PALO ALTO, CA, 94301 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 525 UNIVERSITY AVENUE, SUITE 24, PALO ALTO, CA, 94301 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Sep 12, 2025 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2022 Mar 1, 2023 Fact SEC EDGAR Form D data sets (quarterly)