California State Government

government

Last mentioned: Feb 28, 2026

Timeline

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Public Data Release

The CRD is expected to begin publishing aggregated, anonymized diversity data for the industry.
Mar 1, 2026
First Reporting Deadline

Covered venture capital companies must submit their first annual report to the CRD.
Jan 1, 2025
Data Tracking Begins

Firms must begin tracking demographic data for all investments made during the 2025 calendar year.
Oct 8, 2023
SB 54 Signed into Law

Governor Gavin Newsom signs the Venture Capital Diversity Act into law.

Stories mentioning California State Government 1

California Implements Landmark VC Diversity Reporting as 2026 Deadline Looms

California is enforcing Senate Bill 54, a first-of-its-kind regulation requiring venture capital firms to disclose the diversity metrics of founding teams in their portfolios. With the first reporting deadline set for March 1, 2026, firms with a California nexus must navigate complex data collection and privacy requirements.

Feb 17, 2026 8 sources