Understanding the New Fair Investment Practices by Venture Capital Companies Law in California

Beginning March 1, 2026, certain venture capital entities with a designated nexus to California (“Covered Entities”) are required to register with the California Department of Financial Protection and Innovation (“DFPI”). By April 1, 2026, they will be required to report certain data about their venture capital investments in the prior calendar year. In particular, Covered Entities will need to disclose demographic data about the “founding team members” of all businesses in which they made... By: Thompson Coburn LLP