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 / Velvet Sea Venture Capital Fund II LP

Velvet Sea Venture Capital Fund II LP

MatureUnknownFundADV: Venture Capital FundVelvet Sea VenturesDelaware
Amounts, each with its basis
Vintage
2021basis: 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
indefinitewhat may be sold, not what was raised; file 021-422610, sworn by the adviser or filed under this vehicle
Form D sold
$69.1Mas of the filing of Nov 29, 2021, 46 investors
First sale
Nov 23, 2021
Reported GAV
$40.1Mon the Form ADV filed Sep 17, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
74
Reported on ADV
Mar 30, 2022 to Sep 17, 2024
Fundraising evidence
Unknown
latest Form D 2021-11-29, older than 15 months (fr-1)
evidence dated Nov 29, 2021. 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: 5first sale: 2021-11-23vintage year: $2,021adv gav as of: 2024-09-17vintage basis: form_d_first_saleform d sold usd: $69.1Mform d offering usd: n/aform d latest filed at: 2021-11-29
The fund's own reporting through time
6 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2022Venture Capital Fund$0
48$50,00022%yes
Sep 28, 2022Venture Capital Fund$0
48$50,00022%yes
Mar 31, 2023Venture Capital Fund$30.7M
74$50,00022%yes
Nov 20, 2023Venture Capital Fund$30.7M
74$50,00022%yes
Mar 29, 2024Venture Capital Fund$40.1M
74$50,00020%yes
Sep 17, 2024Venture Capital Fund$40.1M
74$50,00020%yes
Principals and agents
5 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. Mar 30, 2022
    Velvet Sea Venture Capital Fund II LP first reported on Form ADV by Velvet Sea Ventures (Venture Capital Fund)
    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. Nov 29, 2021
    Velvet Sea Venture Capital Fund II, LP filed Form D: $69,100,000 sold (indefinite offering), Venture Capital Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle