DFX Intelligence
The Hive IV, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +84%reported GAV
Reported gross assets rose from $11.6M to $21.3M between the Form ADV filings of 24 Mar 2024 and 30 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
- $35.0Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.85); file 021-373637
- Form D sold
- $8.5Mas of the filing of Aug 20, 2020, 23 investors
- First sale
- Aug 5, 2020
- Reported GAV
- $21.3Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 35
- Reported on ADV
- Aug 13, 2021 to Mar 30, 2026
Fundraising evidence
What 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.Unknown
latest Form D 2020-08-20, older than 15 months (fr-1)
evidence dated Aug 20, 2020.
Lifecycle
Mature
Lifecycle
vintage 4 to 7 years
age years: 6first sale: Aug 5, 2020vintage year: 2020adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $8.5Mform d offering: $35.0Mform d latest filed at: Aug 20, 2020
The fund's own reporting through time
8 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 15, 2021 | Venture Capital Fund | $2.6M | 26 | $50,000 | 13% | no | |
| Apr 30, 2021 | Venture Capital Fund | $2.6M | 26 | $50,000 | 13% | no | |
| Aug 13, 2021 | Venture Capital Fund | $2.2M | 26 | $50,000 | 13% | no | |
| Mar 25, 2022 | Venture Capital Fund | $8.1M | 35 | $50,000 | 13% | yes | |
| Mar 28, 2023 | Venture Capital Fund | $15.9M | 35 | $50,000 | 13% | yes | |
| May 10, 2023 | Venture Capital Fund | $15.9M | 35 | $50,000 | 13% | yes | |
| Mar 24, 2024 | Venture Capital Fund | $11.6M | 35 | $50,000 | 13% | yes | |
| Mar 30, 2026 | Venture Capital Fund | $21.3M | 35 | $50,000 | 13% |
Principals and agents
2 principals on Form D, 0 placement agents
- Sumant Mandal Executive Officer
- T.M. Ravi Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorTANNER LLC · LEHI, Utah, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · SALT LAKE CITY, Utah, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- MarketerINVICTA CAPITAL LLC · MONROEVILLE, Pennsylvania, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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 allocators
What 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
- Aug 13, 2021The Hive IV, LLC no longer reported on Form ADV by Clearstone Venture PartnersFund no longer reported Inference Form ADV
- Mar 15, 2021The Hive IV, LLC first reported on Form ADV by Clearstone Venture Partners (Venture Capital Fund), GAV $2,608,064Fund first reported on Form ADV Fact Form ADV
- Aug 20, 2020Hive IV, LLC (the) filed Form D: $8,471,281 sold of $35,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Aug 20, 2020 Fact Form D
- Form D fund type: Venture Capital Fund Aug 20, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Aug 20, 2020 Fact Form D
- Amendment: false Aug 20, 2020 Fact Form D
- Revenue range (Form D): Decline to Disclose Aug 20, 2020 Fact Form D
- Incorporated: withinFiveYears Aug 20, 2020 Fact Form D
- Jurisdiction: Delaware Aug 20, 2020 Fact Form D
- Amount sold (Form D): $8.5M Aug 20, 2020 Fact Form D
- Offering amount (Form D): $35.0M Aug 20, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.1 Aug 20, 2020 Fact Form D
- First sale: 2020-08-05 Aug 20, 2020 Fact Form D
- Investors (Form D): 23 Aug 20, 2020 Fact Form D
- Minimum investment (Form D): 0 Aug 20, 2020 Fact Form D
- Securities offered: pooled Aug 20, 2020 Fact Form D
- Office address: Aug 20, 2020 Fact Form D
- Year of incorporation: 2020 Aug 20, 2020 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
The Hive IV, 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
1 identity change, 3 dated events on the change ledger, latest event first
- Event retracted2026-10-01
- Fund dropped from ADV2021-08-13source on record
- Fund first reported on ADV2021-03-15source on record
+1 more change on this record's ledger
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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.