Grit Capital
Grit Capital last closed a fund in February 2025 — 21 months ago. By its own rhythm, that is not yet halfway to the next one.
Grit Capital has raised 3 times on its Seed funds about every 47 months. The last was Grit Capital Seed III, LP. That points to Jan 2029.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
- Funds on file
- 3
- Capital raised
- $12M+
- Latest close
- February 2025
- Based in
- MD
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Grit Capital Seed III, LP | February 2025 | not stated | 0002028719 ↗ |
| Grit Capital Seed 2, LLC | July 2021 | $10M | 0001872760 ↗ |
| Grit Capital Seed 1, LLC | March 2017 | $3M | 0001730059 ↗ |
1 of these filed no amount (an “Indefinite” offering), so the total above is a floor.
Dated from filing date; no date of first sale was reported.
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
Paul Palmieri, Michael Flannery
What Grit Capital invests in
- Typical fund
- $10M median, pre-seed / seed scale
- Says it invests in
- AI
- Says it invests at
- seed · early-stage
- Website
- grit.vc
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (3 funds)
- Auditor
- Frank Rimerman (2 funds)
From Form ADV filed by GRIT GROWTH MANAGEMENT, LLC CRD 335404 ↗, latest filing July 2026, covering 3 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.