Capital
Capital last closed a fund in July 2024 — 28 months ago.
It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
Still filing with the SEC: July 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
- 3
- Single-deal SPVs
- 2
- Capital raised
- $32M
- Latest close
- July 2024
- Based in
- CA, WA, non-US
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Capital F Fund I, L.P. | July 2024 | $17M | 0002005544 ↗ |
| Capital M Fund I, L.P. | March 2022 | $2M | 0001915826 ↗ |
| Partnership Capital Growth - AFI Fund I, L.P. | December 2009 | $13M | 0001479055 ↗ |
| Capital Parallel Fund B, L.P. | — | $14M | 0001600069 ↗ |
| Capital Parallel Fund A, L.P. | — | $5M | 0001600070 ↗ |
| Capital Parallel Fund II-B, L.P. | — | $14M | 0001665245 ↗ |
| Capital Parallel Fund III-A, L.P. | — | $6M | 0001798400 ↗ |
| Capital 49 SPV I, LP | December 2025 | $7M | 0002099555 ↗ |
| OR Fund I, a series of Capital A Funds, LP | October 2020 | $118,000 | 0001827498 ↗ |
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
Melissa Allen, Dawn Dobras, Margaret Coblentz, Brent Knudsen, Christopher Cheng, Jack Zhang
What Capital invests in
- Typical fund
- $13M median, pre-seed / seed scale
- Says it invests in
- AI · fintech · enterprise/SaaS · consumer
- Website
- capital49.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (4 funds), AngelList (Belltower) (1 fund), Maples (1 fund)
- Auditor
- Frank Rimerman (4 funds), Baker Tilly (1 fund)
From Form ADV filed by A CAPITAL MANAGEMENT, LLC CRD 171174 ↗, latest filing June 2026, covering 6 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.