Refactor Capital
Refactor Capital last closed a fund in April 2026 — 7 months ago. By its own rhythm, that is not yet halfway to the next one.
Refactor Capital has raised 4 times about every 22 months. The last was Refactor Capital V, L.P. That points to Feb 2028.
Historically about 1 in 8 firms this early in their cycle filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 16
- Capital raised
- $292M
- Latest close
- April 2026
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Refactor Capital V, L.P. | April 2026 | $50M | 0002122419 ↗ |
| Refactor Capital IV, L.P. | June 2024 | $50M | 0002015685 ↗ |
| Refactor Scaleup, L.P. | July 2022 | $21M | 0001934590 ↗ |
| Refactor Mulberry, L.P. | February 2022 | $2M | 0001917787 ↗ |
| Refactor Synthesis, L.P. | October 2021 | $2M | 0001886126 ↗ |
| Refactor Aurora, L.P. | March 2021 | $2M | 0001851441 ↗ |
| Refactor Capital III, L.P. | March 2021 | $50M | 0001839317 ↗ |
| Refactor Specialty, L.P. | January 2021 | $3M | 0001845207 ↗ |
| Refactor Sugar, L.P. | April 2020 | $3M | 0001806393 ↗ |
| Refactor Ivy, L.P. | March 2020 | $3M | 0001806354 ↗ |
| Refactor Apogee, L.P. | August 2019 | $1M | 0001782204 ↗ |
| Refactor Capital II, L.P. | May 2019 | $30M | 0001772815 ↗ |
| Refactor Crypto, L.P. | December 2018 | $1M | 0001761765 ↗ |
| Refactor Cacao, L.P. | May 2017 | $20M | 0001698906 ↗ |
| Refactor Curry, L.P. | May 2016 | $3M | 0001674098 ↗ |
| Refactor Capital, L.P. | — | $50M | 0001669924 ↗ |
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
Zal Bilimoria, Rick Barber
What Refactor Capital invests in
- Typical fund
- $3M median, pre-seed / seed scale
- Website
- refactor.com
Service providers
- Fund administrator
- Aduro (4 funds)
- Auditor
- Frank Rimerman (4 funds)
From Form ADV filed by REFACTOR CAPITAL MANAGEMENT, LLC CRD 308137 ↗, latest filing March 2026, covering 4 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.