Invest in America.
Diversified, data-driven exposure to the private companies building America, the businesses Wall Street reaches only after their IPOs. We read every Reg CF filing since 2016 and invest where venture capital stopped looking.
Venture didn't shrink. It narrowed.
America runs on the businesses venture capital stopped funding.
- Venture moved upstream. 86% of H1 2026 venture dollars went to AI, concentrated in three or four metros.
- Great companies still start everywhere. A record 10,000+ U.S. startups are on pace to raise a first round this year, in all fifty states.
- No natural home. A company in the wrong metro or sector, or too capital-efficient to need a mega-round, has nowhere in venture to go.
Source: PitchBook-NVCA Venture Monitor, Q2 2026, as of June 30, 2026.
One market makes these companies open their books, and we built the tools to read it.
- One market never stopped disclosing. Since 2016, Regulation Crowdfunding has put about $3B into these companies, with real financials filed with the SEC, year after year.
- A decade of data no one else has. A record of every raise and every dollar committed since 2016, captured live and impossible to rebuild.
- A running start. We invest early, across enough companies to catch the breakouts.
Fill the gap the market left, with data no one else has, a team built to read it, and a portfolio decorrelated from where the rest of venture is crowded. That's what D3VC was designed to do.
This is what America's private economy looks like.
The companies that make, grow, care for and invent things, wherever in the country they happen to be.
Built in America
4- CanMonkeySubscription trash-can serviceTempe, AZ
- Rise RoboticsBelt actuators replacing hydraulicsSomerville, MA
- Skybound EntertainmentThe Walking Dead, InvincibleLos Angeles, CA
- Target ArmDrone launch and recoveryRidgefield, CT
Grown in America
4- CanopiiRobotic vertical farmingSilverton, OR
- Death & CoAward-winning cocktail bar groupLos Angeles, CA
- Oakland Roots SCCommunity-owned soccer clubOakland, CA
- P!ngRobotic drive-thru coffeeN. Billerica, MA
Cared for in America
8- CorvionImplantable heart pump, NIH-backedWebster, TX
- Deverra TherapeuticsAllogeneic cell therapySeattle, WA
- EndoSoundEndoscope-to-ultrasound retrofitPortland, OR
- Health Care OriginalsADAMM asthma-monitoring wearableRochester, NY
- NasaClipHands-free nosebleed controlBaltimore, MD
- Pivotal HealthIn-home primary careMiddleton, WI
- RubitectionEarly pressure-injury detectionPittsburgh, PA
- SyntensorAI virtual-cell drug modelingBurlington, VT
Invented in America
8- ArroAI credit for the unscoredSherman Oaks, CA
- EarthGridRobotic plasma tunnel boringRichmond, CA
- EtherdyneRoom-scale wireless powerSanta Clara, CA
- InnovegaWide-field AR without the headsetBellevue, WA
- QneticLong-duration flywheel storageNew York, NY
- SweaterRetail access to a venture fundBoulder, CO
- WefunderLargest Reg CF portalSan Francisco, CA
- Y Combinator S25 Orange FundAcross YC's Summer 2025 batch
Coast to coast, 13 states. 23 portfolio companies and one fund, as of 30 September 2026.
“After careful consideration, I made the decision to invest in D3VC. Sherwood's outstanding reputation, industry expertise, and exclusive dataset were major factors that influenced my choice. Additionally, the team's proficiency in machine learning and AI employment convinced me that this market segment has great potential and is not yet fully served.”
Patrick Menasco is an investor in D3VC Fund I. He was not compensated for this statement. His experience is not necessarily representative of other investors.
From record to judgment, in four steps.
- 01
The record
Daily collection of every Reg CF offering since May 16, 2016. ~500K transaction-day records, cleaned and structured.
- 02
The score
A multi-dimensional quantitative framework screens every prospective investment.
- 03
The workflow
AI across the pipeline, from offering extraction to deal-memo generation.
- 04
The judgment
Experienced investment committee review. The thesis is backtestable because the data is historical.
Fund I marks are updated quarterly, including write-downs as they occur. Fund II targets are goals, not a promise.
The private markets are changing. The dataset is the moat. Our goal is a diversified portfolio of 125 to 150 companies, bought with valuation discipline, engineered to capture follow-on outcomes at scale.
Raising on Reg CF? We're more than a check.
Targeted checks, and an LP network that often co-invests alongside us. A distribution channel for your raise, not just a signaling check.
Fund II is raising on Wefunder for verified accredited investors. Accredited and want to pick deals? Follow the D3VC Syndicate. Not accredited? Join the Investment Club and follow our analysis.
For everyone, accredited or not. An educational membership where we publish our analysis of the Reg CF market and of the companies the fund invests in. Nothing in the Club is investment advice or a recommendation; D3VC receives no compensation from issuers or platforms.
Notes from the book.
A price nobody paid is not a price
How a headline valuation can go up while your shares are worth exactly what you paid, and the rule we adopted so it never fools us again.
Ten Years of Regulation Crowdfunding: What the Data Shows
Four findings from a decade of CCLEAR's transaction record, and what each one means for how we invest.
Portfolio Update: EarthGrid PBC
A tunnel-boring breakthrough, an $18B joint venture, and a $1M Startup World Cup win. EarthGrid keeps validating the thesis.