Pando Ventures
Pando Ventures last closed a fund in June 2020 — 77 months ago.
1 fund on record — a rhythm needs three. No month is guessed; the filing will say.
No recent fund This firm has filed no new fund in over five years, so it either stopped raising or raises in a way Form D never sees.
Still filing with the SEC: April 2026. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 1
- Single-deal SPVs
- 4
- Capital raised
- not stated
- Latest close
- June 2020
- Based in
- DE, UT
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Pando Ventures Fund I LP | June 2020 | not stated | 0001814662 ↗ |
| Pando Ventures Fund I SPV IV, LLC | April 2026 | not stated | 0002130590 ↗ |
| Pando Ventures Fund I SPV III LLC | March 2024 | not stated | 0002015448 ↗ |
| Pando Ventures Fund I SPV II, LLC | April 2023 | not stated | 0001974923 ↗ |
| Pando Ventures Fund I SPV LLC | October 2022 | not stated | 0001949566 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
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
Scott Carman, Robert Hennefer
What Pando Ventures invests in
- Website
- frame.vc
Service providers
- Fund administrator
- Carta (4 funds)
- Auditor
- Tanner Accountants & Advisors (1 fund)
From Form ADV filed by FRAME VC LLC CRD 326916 ↗, latest filing April 2026, covering 4 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.