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Venture Capital Firms Reporting to the SEC
Advisers exempt from SEC registration as advisers solely to venture capital funds, monthly count
Plays the chart through its history. Pauses are where the data set a record or moved most.
Palanor count from the SEC’s monthly lists of registered and exempt reporting investment advisers (Form ADV). State-registered advisers are not included. Venture firms that register with the SEC (often the largest) are not in this count.
The closest public count of venture capital firms: every adviser that tells the SEC it manages only venture capital funds, counted each month since the reporting began in 2012.
What this chart reads
- Venture Capital Fund Advisers (SEC Exempt Reporting, U.S. count, monthly)as “Venture capital fund advisers”latest 2026-10-01
Sources
Venture Capital Fund Advisers (SEC Exempt Reporting, U.S. count, monthly). Source: Palanor calculation from the SEC's monthly lists "Information About Registered Investment Advisers and Exempt Reporting Advisers" (sec.gov/data-research/sec-markets-data/information-about-registered-investment-advisers-exempt-reporting-advisers), U.S. government work in the public domain; the SEC asks for citation as the source. Loaded and refreshed monthly by Palanor.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.