CL Advisors - DV LP is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed Dec 16, 2025, it has sold $7,285,001 of interests to 73 investors since its first sale in Oct 2025. The minimum investment it accepts from an outside investor is $10,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Sebastian Evans.
- Total raised
- $7,285,001Cumulative sales reported on Form D
- Investors
- 73
- First sale
- Oct 21, 2025
- Minimum investment
- $10,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sebastian Evans
- Latest Form D
- Dec 16, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about CL Advisors - DV LP
What is the minimum investment for CL Advisors - DV LP?
According to its latest Form D, filed Dec 16, 2025, the minimum investment CL Advisors - DV LP accepts from an outside investor is $10,000.
Who can invest in CL Advisors - DV LP?
CL Advisors - DV LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has CL Advisors - DV LP raised?
CL Advisors - DV LP reports $7,285,001 sold from 73 investors on its Form D filed Dec 16, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is CL Advisors - DV LP based?
CL Advisors - DV LP is based in San Francisco, California.
When did CL Advisors - DV LP launch?
CL Advisors - DV LP reports its first sale in Oct 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 71% of the 2,268 venture capital funds based in California, and more than 85% of all 15,160 that report sales.