{
  "crd_number": 327207,
  "slug": "phase-two-ventures-management-llc-san-diego-ca-327207",
  "primary_business_name": "PHASE TWO VENTURES MANAGEMENT LLC",
  "legal_name": "PHASE TWO VENTURES MANAGEMENT LLC",
  "dbas": [],
  "city": "San Diego",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41740",
  "metro": {
    "cbsa_code": "41740",
    "common_name": "San Diego",
    "msa_name": "San Diego-Chula Vista-Carlsbad, CA",
    "path": "/advisors/ca/san-diego"
  },
  "registration_type": "exempt",
  "registration_status": "State ERA - ACTIVE",
  "registration_date": "2026-09-01",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2024-11-21",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/company/phase-two-ventures",
    "https://phasetwo.vc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327207",
  "city_as_filed": "SAN DIEGO",
  "url": "https://advisorcensus.com/firm/phase-two-ventures-management-llc-san-diego-ca-327207",
  "display_name": "Phase Two Ventures Management LLC",
  "summary": "Phase Two Ventures Management LLC is an exempt reporting adviser in San Diego, CA, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Phase Two Ventures Management LLC (CRD 327207): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Phase Two Ventures Management LLC located?",
      "a": "Phase Two Ventures Management LLC's principal office is in San Diego, CA, according to its Form ADV."
    },
    {
      "q": "How does Phase Two Ventures Management LLC report to regulators?",
      "a": "Phase Two Ventures Management LLC is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: State ERA - ACTIVE. CRD 327207."
    },
    {
      "q": "Does Phase Two Ventures Management LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/327207"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/phase-two-ventures-management-llc-san-diego-ca-327207.md",
  "clients": [],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/327207",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}