# A.Capital Ventures: portfolio, investments and team

> A.Capital Ventures is a vc firm based in United States. 16 investments on record, 2 in the last 12 months, latest May 2026.

Source: https://millionrounds.com/fund/a-capital-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# A.Capital Ventures

Last cheque observed May 2026; 16 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A B-to-c B2C Enterprise

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 16 on record

Since the last cheque **179** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **0 of 16** Mostly in **United States, 100%**

Pitch A.Capital Ventures

## A.Capital Ventures highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Series B: 64% of its rounds

## What they do

> Unlike traditional VCs, we do not have ownership thresholds. We work with entrepreneurs to determine how much to invest, and at what valuation, based on what their company needs, not based on historical VC financial models. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** B-to-c B2C Enterprise
- **Based in:** West Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **16 appearances**

- **2026** 2 rounds
- **May** **[DeepInfra](https://millionrounds.com/company/deepinfra)** Series B · US · Ventureburn **$107M** With 9 others
- **Apr** **[Expo (650 Industries Inc.)](https://millionrounds.com/company/expo-650-industries-inc)** Series B · US · Ventureburn **$45M** With 3 others
- **2019** 6 rounds
- **Nov** **[Bison Trails](https://millionrounds.com/company/bison-trails)** Series A · US · Fintech **$26M** With 10 others
- **Nov** **[Styra](https://millionrounds.com/company/styra)** Series A · US · FinSMEs **$14M** With 2 others
- **Aug** **[Blade](https://millionrounds.com/company/blade)** Seed · US · TechCrunch **$4.3M** With 9 others
- **Jul** **[Near](https://millionrounds.com/company/near)** US · FinSMEs **$12M** With 13 others
- **Jul** **[Nebulous](https://millionrounds.com/company/nebulous)** Seed · US · FinSMEs **$3.3M** With 7 others
- **Mar** **[Buoyant](https://millionrounds.com/company/buoyant)** US · FinSMEs **$10M** With 2 others
- **2018** 1 round
- **Feb** **[Gabi](https://millionrounds.com/company/gabi)** Series A · US · FinSMEs **$9.5M** With 4 others
- **2017** 2 rounds
- **Aug** **[Forward Networks](https://millionrounds.com/company/forward-networks)** Series B · US · FinSMEs **$16M** With 1 other
- **Aug** **[Databricks](https://millionrounds.com/company/databricks)** Series D · US · FinSMEs **$140M** With 5 others
- **2016** 1 round
- **Oct** **[tCell](https://millionrounds.com/company/tcell)** Series A · US · FinSMEs **$9.4M** With 2 others
- **2015** 2 rounds
- **Nov** **[Weave](https://millionrounds.com/company/weave)** Series B · US **$16M** With 7 others
- **Aug** **[Lugg](https://millionrounds.com/company/lugg)** Seed · US **$3.8M** With 4 others
- **2014** 2 rounds
- **Aug** **[PS DEPT.](https://millionrounds.com/company/ps-dept)** Venture **$3.8M** With 8 others
- **Jun** **[Weave](https://millionrounds.com/company/weave)** Series A · US **$5.0M** With 6 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

RJ **Ronald John Conway** Managing Director i Form ADV

ZM **Zachary Miller** Chief Operations Officer; Chief Compliance Officer i Form ADV

We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.6B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** A Capital Management, LLC
- **SEC number:** CRD 171174

## What they claim to have backed

From their own portfolio page (on their website)

**60** of 60 we have independently watched raise

[Aleo](https://millionrounds.com/company/aleo)[Anthropic](https://millionrounds.com/company/anthropic)[Aztec](https://millionrounds.com/company/aztec)[Beautylish](https://millionrounds.com/company/beautylish)[Bison Trails](https://millionrounds.com/company/bison-trails)[BloomNation](https://millionrounds.com/company/bloomnation)[Browser Use](https://millionrounds.com/company/browser-use)[Buoyant](https://millionrounds.com/company/buoyant)[Certora](https://millionrounds.com/company/certora)[Circle Medical](https://millionrounds.com/company/circle-medical)[CodeSignal](https://millionrounds.com/company/codesignal)[Connext](https://millionrounds.com/company/connext)[Covariant](https://millionrounds.com/company/covariant)[Cratejoy](https://millionrounds.com/company/cratejoy)[Crustdata](https://millionrounds.com/company/crustdata)[Dapper Labs](https://millionrounds.com/company/dapper-labs)[Databricks](https://millionrounds.com/company/databricks)[Deep Infra](https://millionrounds.com/company/deepinfra)[Delighted](https://millionrounds.com/company/delighted)[Evidence](https://millionrounds.com/company/evidence)[Expo](https://millionrounds.com/company/expo)[Fairmint](https://millionrounds.com/company/fairmint)[Farcaster](https://millionrounds.com/company/farcaster)[Forward Networks](https://millionrounds.com/company/forward-networks)[Genies](https://millionrounds.com/company/genies)[Goldfinch](https://millionrounds.com/company/goldfinch)[Hugging Face](https://millionrounds.com/company/hugging-face)[Iron Fish](https://millionrounds.com/company/iron-fish)[Kiln](https://millionrounds.com/company/kiln)[Lens](https://millionrounds.com/company/lens)[Lightspark](https://millionrounds.com/company/lightspark)[Liquity](https://millionrounds.com/company/liquity)[Lit Protocol](https://millionrounds.com/company/lit-protocol)[Lugg](https://millionrounds.com/company/lugg)[Mysterious](https://millionrounds.com/company/mysterious)[NEAR](https://millionrounds.com/company/near)[NFTfi](https://millionrounds.com/company/nftfi)[OpenAI](https://millionrounds.com/company/openai)[OpenSea](https://millionrounds.com/company/opensea)[POAP](https://millionrounds.com/company/poap)[Parcel](https://millionrounds.com/company/parcel)[Phind](https://millionrounds.com/company/phind)[Pinterest](https://millionrounds.com/company/pinterest)[Polymarket](https://millionrounds.com/company/polymarket)[Quartzy](https://millionrounds.com/company/quartzy)[Reddit](https://millionrounds.com/company/reddit)[Replit](https://millionrounds.com/company/replit)[Sablier](https://millionrounds.com/company/sablier)[Scroll](https://millionrounds.com/company/scroll)[Sherlock](https://millionrounds.com/company/sherlock)[Sound](https://millionrounds.com/company/sound)[Spruce](https://millionrounds.com/company/spruce)[Stability](https://millionrounds.com/company/stability-ai)[Styra](https://millionrounds.com/company/styra)[Syndicate](https://millionrounds.com/company/syndicate)[Tableland](https://millionrounds.com/company/tableland)[Together](https://millionrounds.com/company/together-ai)[Unit21](https://millionrounds.com/company/unit21)[Wizeline](https://millionrounds.com/company/wizeline)[Yuga Labs](https://millionrounds.com/company/yuga-labs) and 45 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$13M** the round, not its cheque

Led 0 of 16 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** May 2026

Rounds by stage said on their site

- Series A said *5*
- Series B said *4*
- Seed said *3*
- Series D *1*
- Venture *1*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [SV Angel](https://millionrounds.com/fund/sv-angel) 5
- [Initialized Capital](https://millionrounds.com/fund/initialized-capital) 3
- [Accomplice](https://millionrounds.com/fund/accomplice) 2
- [Benchmark](https://millionrounds.com/fund/benchmark) 2
- [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) 2
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 2

**Pitching A.Capital Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as A.Capital Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**SV Angel** VC firm **5** rounds together](https://millionrounds.com/fund/sv-angel)[**Initialized Capital** VC firm **3** rounds together](https://millionrounds.com/fund/initialized-capital)[**Accomplice** VC firm **2** rounds together](https://millionrounds.com/fund/accomplice)[**Benchmark** VC firm **2** rounds together](https://millionrounds.com/fund/benchmark)[**Collaborative Fund** VC firm **2** rounds together](https://millionrounds.com/fund/collaborative-fund)[**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator)

## Recently backed

The latest companies A.Capital Ventures put money into.

[**DeepInfra** $107M · May 2026](https://millionrounds.com/company/deepinfra)[**Styra** $14M · Nov 2019](https://millionrounds.com/company/styra)[**Blade** $4.3M · Aug 2019](https://millionrounds.com/company/blade)[**Buoyant** $10M · Mar 2019](https://millionrounds.com/company/buoyant)[**Gabi** $9.5M · Feb 2018](https://millionrounds.com/company/gabi)[**Forward Networks** $16M · Aug 2017](https://millionrounds.com/company/forward-networks)

## Quick answers about A.Capital Ventures

### What does A.Capital Ventures invest in?

A.Capital Ventures invests most often at Series A and Series B (64% of the rounds on record), in sectors such as B-to-c, B2C and Enterprise.

### How active is A.Capital Ventures?

16 investments on record, 2 of them in the last 12 months. The most recent was in May 2026.

### What has A.Capital Ventures invested in recently?

Its most recent investments on record: DeepInfra (Series B, May 2026), Expo (650 Industries Inc.) (Series B, Apr 2026) and Bison Trails (Series A, Nov 2019).

### How big are A.Capital Ventures's cheques?

The median round it joins is $13M.

### Does A.Capital Ventures lead rounds?

Rarely, if at all: none of its 16 investments on record names it as the lead.

### Where does A.Capital Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is A.Capital Ventures investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does A.Capital Ventures invest alongside?

Most often SV Angel (5 rounds together), Initialized Capital (3 rounds together) and Accomplice (2 rounds together).

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