Letters to our LPs
We prioritize transparency by providing insight into our strategies and decisions.
Letters that do not discuss portfolio marks or fund performance are included below. For compliance purposes, letters discussing marks or fund performance are restricted to investors and approved prospective investors through the investor login. Those letters are listed separately below so this public archive does not suggest gaps in our communications. Figures in each public letter were current as of its date and have not been restated.
Ten Years of Regulation Crowdfunding: What the Data Shows
On the 10-year anniversary of Regulation Crowdfunding, four findings from a decade of CCLEAR's transaction record that directly support the D3VC thesis.
New Investments, Major Wins and What's Ahead
Five new portfolio additions across digital health, consumer products, climate tech and fintech, plus a look at the numbers behind the fund.
A Book, a Report, and More
Sherwood's new book Investomers is out, and the 2025 State of Investment Crowdfunding report is the most comprehensive yet.
3 New Investments, Policy Proposal, Speaking Event
Three strategic investments in hospitality, crowdfunding and sports, plus a policy proposal for a $2B co-investment fund.
Deverra Therapeutics and EarthGrid
Two strategic August investments in healthcare and energy, plus a PitchBook data point that supports our confidence in early-stage investing.
D3VC Goes Live and Announces First Investments
D3VC is officially live, with first investments in Corvion, Target Arm and Sweater, and 500 open deals reviewed daily.
Fund Countersigning, Capital Deployment, and Upcoming Events
Countersigning begins June 19th with the first capital call shortly after, plus a keynote and the podcast tour.
Increased Deal Flow, Podcast, and Crowdfunding Genome Announcement
VCs on the sidelines means more companies turning online for capital, and a sneak peek at the Investment Crowdfunding Genome Project.
Investor-only letters
Sign in with approved investor access to read these letters in the investor area.