Disclaimer: Dear partners, if you wish to share the information in this letter, please only use the public version available on our website. Our partners shared this information with us in confidence, so we must prevent leaks by treating this document as confidential and privileged. We appreciate your understanding.

**Table of content

Intro & TL;DR DVC AI Fund I State of VC Meet New LPs Fund Stats & Portfolio Product Updates Events and Announcements DVC Publications Kudos

Intro & TL;DR

Welcome to our Q3 2025 Limited Partners Update. We're excited to share our fund's progress, new investments, and the continued growth of our venture ecosystem in this quarterly report. For a quick overview, please see our [this part is available in the confidential version of this report].

DVC demonstrated strong momentum in Q3 2025, achieving huge milestones across investments, community engagement, platform development. Our assets under management reached $[this part is available in the confidential version of this report] in deployed capital. We invested in [this part is available in the confidential version of this report]. The DVC community now comprises 456 members—[this part is available in the confidential version of this report].

Q3 2025 Key Highlights

Portfolio Health