Brick Mortar
Brick Mortar last closed a fund in March 2025 — 20 months ago.
2 funds on record — a rhythm needs three. No month is guessed; the filing will say.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 3
- Single-deal SPVs
- 2
- Capital raised
- $400M
- Latest close
- March 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Brick & Mortar Ventures III, L.P. | March 2025 | $150M | 0002055330 ↗ |
| Brick & Mortar Ventures II, L.P. | December 2021 | $150M | 0001892146 ↗ |
| Brick & Mortar Ventures I, L.P. | — | $100M | 0001714385 ↗ |
| Brick & Mortar Ventures SPV II, L.P. | October 2020 | $2M | 0001824369 ↗ |
| Brick & Mortar Ventures SPV I, L.P. | March 2020 | $1M | 0001800510 ↗ |
Dated from filing date; no date of first sale was reported.
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Darren Bechtel
What Brick Mortar invests in
- Typical fund
- $150M median, early stage, Series A-B scale
- Website
- brickmortar.vc
Service providers
- Fund administrator
- Carta (5 funds)
- Auditor
- Grant Thornton (3 funds)
From Form ADV filed by BRICK & MORTAR VENTURES MANAGEMENT, LLC CRD 292884 ↗, latest filing March 2026, covering 5 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.