Powerplant Ventures
Powerplant Ventures last closed a fund in June 2021 — 65 months ago. By its own rhythm, that is already past its usual gap.
Powerplant Ventures has raised 3 times about every 36 months. The last was Powerplant Ventures III, L.P. That pointed to Jun 2024. It is 29 months past its own gap and has not filed a new fund.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
No recent fund This firm has filed no new fund in over five years, so it either stopped raising or raises in a way Form D never sees.
- Funds on file
- 3
- Capital raised
- $311M
- Latest close
- June 2021
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Powerplant Ventures III, L.P. | June 2021 | $186M | 0001869909 ↗ |
| Powerplant Ventures II, L.P. | August 2018 | $100M | 0001750728 ↗ |
| Powerplant Ventures, L.P. | June 2015 | $25M | 0001645360 ↗ |
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
Kevin Boylan, Mark Rampolla, T.K. Pillan, Daniel Gluck, Dan Beldy
What Powerplant Ventures invests in
- Typical fund
- $100M median, early stage, Series A-B scale
- Says it invests in
- health/bio
- Says it invests at
- growth/late-stage
- Website
- groundforcecapital.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- SS&C (2 funds)
- Auditor
- Deloitte (2 funds)
From Form ADV filed by GROUNDFORCE CAPITAL MANAGEMENT, LLC CRD 299383 ↗, latest filing March 2026, covering 2 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.