United States · Investor

Advancit Capital

Last cheque observed Jun 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $33M, Sept 2022VC firm

Pre-seedSeedSeries APlayVideoMusic

Cheques on record
0%of best year0cheques in 12 months, 69 on record
Since the last cheque2683days00hrs00min00sec
Median round$6.6MRounds led0 of 69Exits7 from the portfolioMostly inUnited States, 97%
Pitch Advancit Capital

Advancit Capital highlights

  1. 01

    69 rounds on record

  2. 02

    Mostly Series A and Seed: 78% of its rounds

  3. 03

    7 exits from the portfolio

What they do

Advancit Capital is a venture firm investing in web3 and technology startups.From their own website
Type
VC firm (from a list, unverified)
Cheque size
Up to $1.0M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
PlayVideoMusic
Based in
Norwood, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first69 appearances

  1. 2019

    3 rounds

  2. Jun
    SkubanaSeries A · US · TechCrunch$5.4MWith 4 others
  3. Mar
    Matador AppSeries A · US · AlleyWatch$6.6MWith 2 others
  4. Feb
    HitRecordSeries A · US · TechCrunch$4.6MWith 4 others
  5. 2018

    3 rounds

  6. Oct
    The AthleticSeries C · US · Axios$40MWith 9 others
  7. Oct
    MasterPlanSeries D · US · FinSMEs$80MWith 4 others
  8. Mar
    WonderySeries A · US · FinSMEs$5.0MWith 2 others
  9. 2017

    5 rounds

  10. Nov
    Thrive GlobalSeries B · US · FinSMEs$30MWith 12 others
  11. May
    Wavedash GamesSeries A · US · FinSMEs$6.0MWith 5 others
  12. Apr
    MuxSeries A · US · FinSMEs$9.0MWith 8 others
  13. Mar
    MasterClassSeries C · US · FinSMEs$35MWith 8 others
  14. Mar
    Amper MusicUS · FinSMEs$4.0MWith 3 others
  15. 2015

    17 rounds

  16. Nov
    Instant eSportsSeed · US$1.9MWith 3 others
  17. Oct
    8iSeries A$14MWith 16 others
  18. Sept
    Molio Inc.Debt · US$1.0MWith 5 others
  19. Sept
    HeadspaceVenture · US$30MWith 12 others
  20. Sept
    MobcrushSeries A · US$11MWith 6 others
  21. Aug
    HyperSeed · DE$1.1MWith 4 others
  22. Aug
    Who What WearSeries B · US$8.0MWith 6 others
  23. Aug
    CliqueSeries B · US$8.0MWith 8 others
  24. Jun
    UnikrnSeries A · US$7.0MWith 6 others
  25. Jun
    Mic NetworkSeries B · US$17MWith 7 others
  26. May
    MobcrushSeed · US$4.9MWith 14 others
  27. May
    PercolateSeries C · US$40MWith 7 others
  28. Mar
    wedgiesSeed · US$1.2MWith 9 others
  29. Mar
    VrideoSeed · US$1.8MWith 11 others
  30. Feb
    ReserveSeries A · US$15MWith 12 others
  31. Feb
    DraftSeries A · US$3.5MWith 4 others
  32. Feb
    Molio Inc.Series A · US$3.0MWith 5 others
  33. 2014

    14 rounds

  34. Dec
    Woven DigitalSeries A · US$18MWith 7 others
  35. Sept
    BrickworkSeed · USUndisclosedWith 3 others
  36. Aug
    All Def DigitalSeries A · US$5.0MWith 3 others
  37. Aug
    Women.comSeed · US$120KWith 12 others
  38. Jun
    EpoxySeries A · US$6.5MWith 5 others
  39. Jun
    VictoriousVenture · US$23MWith 12 others
  40. May
    The Noun ProjectSeed · US$2.0MWith 8 others
  41. May
    NicheSeed · US$2.5MWith 9 others
  42. May
    SocialRankSeed · US$1.1MWith 3 others
  43. May
    CrowdTangleVenture · US$2.2MWith 8 others
  44. Apr
    Mic NetworkSeries A · US$10MWith 5 others
  45. Apr
    Who What WearSeries A · US$1.7MWith 3 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 registration3 named

JOJason OstheimerPrincipaliFiling they signed
JFJonathan F. MillerPrincipaliFiling they signed
SRShari RedstonePrincipaliFiling they signed

We also hold 4 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

$119Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Advancit Capital Advisors LLC
SEC number
CRD 167928

What they claim to have backed

From their own portfolio page (on their website)

17 of 60 we have independently watched raise

1.png11.png15.png23.png23.png30.png31.png32.png34.png39.png46.png5.png6.png7.png8.pngAdvancit Portfolio Logos (Acquired)Torque1.png10.png11.png12.png12.png13.png14.png15.png16.png17.png18.png19.png2.png2.png2.png20.png22.png22.png24.png24.png26.png27.png28.png29.png3.png3.png3.png3.png30.png31.png32.png34.png35.png36.png36.png37.png38.png38.png4.png4.png40.png42.png43.pngand 14 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.

Exits from the portfolio

Companies it backed that were later bought or listed7 in all

WonderyBought by AmazonUndisclosedDec 2020
CrowdTangleBought by FacebookUndisclosedNov 2016
OysterBought by GoogleUndisclosedSept 2015
FitStarBought by Fitbit$18MMar 2015
NicheBought by Twitter$50MFeb 2015
DirectrBought by GoogleUndisclosedAug 2014
Oyster.comBought by TripAdvisorUndisclosedOct 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

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

Recently backed

The latest companies Advancit Capital put money into.

Quick answers about Advancit Capital

What does Advancit Capital invest in?

Advancit Capital invests most often at Series A and Seed (78% of the rounds on record), in sectors such as Play, Video and Music.

How active is Advancit Capital?

69 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2019.

What has Advancit Capital invested in recently?

Its most recent investments on record: Skubana (Series A, Jun 2019), Matador App (Series A, Mar 2019) and HitRecord (Series A, Feb 2019).

How big are Advancit Capital's cheques?

The median round it joins is $6.6M.

Does Advancit Capital lead rounds?

Rarely, if at all: none of its 69 investments on record names it as the lead.

Where does Advancit Capital invest?

Most of the companies it backs are in the United States (97%).

Is Advancit Capital investing now?

No investments in the last 12 months; the latest was in Jun 2019.

Who does Advancit Capital invest alongside?

Most often Lerer Hippeau (14 rounds together), Greycroft (12 rounds together) and MESA+ (11 rounds together).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it