MBX Capital
MBX Capital last closed a fund in March 2025 — 20 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: March 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
- 6
- Single-deal SPVs
- 15
- Capital raised
- $96M
- Latest close
- March 2025
- Based in
- DE
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| MBX Capital NYS SSBCI Fund, LP | March 2025 | $6M | 0002059842 ↗ |
| MBX Capital III-A LP | August 2023 | $1M | 0002060060 ↗ |
| MBX CAPITAL III, LP | August 2023 | $50M | 0001982917 ↗ |
| MBX Capital II-A, LP | January 2022 | $4M | 0001891452 ↗ |
| MBX CROSSOVER CAPSULE I, LLC | May 2021 | $4M | 0001864440 ↗ |
| MBX Capital II, LP | January 2021 | $30M | 0001839843 ↗ |
| Capsule 20, a series of MBX Capital Opportunities I LLC | February 2026 | $5M | 0002115859 ↗ |
| Capsule 19, a series of MBX Capital Opportunities I, LLC | August 2025 | $275,000 | 0002081875 ↗ |
| Capsule 18, a series of MBX Capital Opportunities I, LLC | April 2025 | $695,000 | 0002064585 ↗ |
| Capsule 17, a series of MBX Capital Opportunities I, LLC | February 2025 | $400,000 | 0002056233 ↗ |
| Capsule 16 a series of MBX Capital Opportunities I, LLC | August 2024 | $300,600 | 0002034593 ↗ |
| Capsule 14, a series of MBX Capital Opportunities I, LLC | June 2024 | $220,000 | 0002029190 ↗ |
| Capsule 15 a series of MBX Capital Opportunities I, LLC | May 2024 | $319,990 | 0002023202 ↗ |
| Capsule 12, a series of MBX Capital Opportunities I, LLC | February 2024 | $705,500 | 0002013974 ↗ |
| Capsule 11, a series of MBX Capital Opportunities I, LLC | August 2023 | $122,000 | 0001992631 ↗ |
| Capsule 13, a series of MBX Capital Opportunities I, LLC | August 2023 | $105,000 | 0001991904 ↗ |
| Capsule 10, a Series of MBX Capital Opportunities I, LLC | April 2022 | $618,130 | 0001929482 ↗ |
| Capsule 9, a series of MBX Capital Opportunities I, LLC | March 2022 | $1M | 0001918679 ↗ |
| Capsule 8, a series of MBX Capital Opportunities I, LLC | January 2022 | $1M | 0001908477 ↗ |
| Capsule 7, a series of MBX Capital Opportunities I, LLC | January 2022 | $3M | 0001908478 ↗ |
| Capsule 6, a series of MBX Capital Opportunities I, LLC | December 2021 | $1M | 0001902167 ↗ |
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
Gurdane Bhutani, Zeshan Muhammedi
What MBX Capital invests in
- Typical fund
- $6M median, pre-seed / seed scale
Service providers
- Fund administrator
- Allocations (13 funds), Aduro (6 funds)
- Auditor
- Sensiba (4 funds)
From Form ADV filed by MBX CAPITAL, LLC CRD 312079 ↗, latest filing March 2026, covering 19 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.