# Advancit Capital: portfolio, investments and team

> Advancit Capital is a vc firm based in United States. 69 investments on record, latest Jun 2019. Portfolio, stages, co-investors and team.

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

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

# Advancit Capital

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

Email

Quiet New fund $33M, Sept 2022 VC firm

Pre-seed Seed Series A Play Video Music

Follow Advancit Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fadvancit-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 69 on record

Since the last cheque **2683** days **00** hrs **00** min **00** sec

Median round **$6.6M** Rounds led **0 of 69** Exits **7 from the portfolio** Mostly in **United States, 97%**

Pitch Advancit Capital

## Advancit Capital highlights

- 01 69 rounds on record
- 02 Mostly Series A and Seed: 78% of its rounds
- 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-seed Seed Series A Series B Growth
- **Sectors:** Play Video Music
- **Based in:** Norwood, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **69 appearances**

- **2019** 3 rounds
- **Jun** **[Skubana](https://millionrounds.com/company/skubana)** Series A · US · TechCrunch **$5.4M** With 4 others
- **Mar** **[Matador App](https://millionrounds.com/company/matador-app)** Series A · US · AlleyWatch **$6.6M** With 2 others
- **Feb** **[HitRecord](https://millionrounds.com/company/hitrecord)** Series A · US · TechCrunch **$4.6M** With 4 others
- **2018** 3 rounds
- **Oct** **[The Athletic](https://millionrounds.com/company/the-athletic)** Series C · US · Axios **$40M** With 9 others
- **Oct** **[MasterPlan](https://millionrounds.com/company/masterplan)** Series D · US · FinSMEs **$80M** With 4 others
- **Mar** **[Wondery](https://millionrounds.com/company/wondery)** Series A · US · FinSMEs **$5.0M** With 2 others
- **2017** 5 rounds
- **Nov** **[Thrive Global](https://millionrounds.com/company/thrive-global)** Series B · US · FinSMEs **$30M** With 12 others
- **May** **[Wavedash Games](https://millionrounds.com/company/wavedash-games)** Series A · US · FinSMEs **$6.0M** With 5 others
- **Apr** **[Mux](https://millionrounds.com/company/mux)** Series A · US · FinSMEs **$9.0M** With 8 others
- **Mar** **[MasterClass](https://millionrounds.com/company/masterclass)** Series C · US · FinSMEs **$35M** With 8 others
- **Mar** **[Amper Music](https://millionrounds.com/company/amper-music)** US · FinSMEs **$4.0M** With 3 others
- **2015** 17 rounds
- **Nov** **[Instant eSports](https://millionrounds.com/company/instant-esports)** Seed · US **$1.9M** With 3 others
- **Oct** **[8i](https://millionrounds.com/company/8i)** Series A **$14M** With 16 others
- **Sept** **[Molio Inc.](https://millionrounds.com/company/molio-inc)** Debt · US **$1.0M** With 5 others
- **Sept** **[Headspace](https://millionrounds.com/company/headspace)** Venture · US **$30M** With 12 others
- **Sept** **[Mobcrush](https://millionrounds.com/company/mobcrush)** Series A · US **$11M** With 6 others
- **Aug** **[Hyper](https://millionrounds.com/company/hyper)** Seed · DE **$1.1M** With 4 others
- **Aug** **[Who What Wear](https://millionrounds.com/company/who-what-wear)** Series B · US **$8.0M** With 6 others
- **Aug** **[Clique](https://millionrounds.com/company/clique)** Series B · US **$8.0M** With 8 others
- **Jun** **[Unikrn](https://millionrounds.com/company/unikrn)** Series A · US **$7.0M** With 6 others
- **Jun** **[Mic Network](https://millionrounds.com/company/mic-network)** Series B · US **$17M** With 7 others
- **May** **[Mobcrush](https://millionrounds.com/company/mobcrush)** Seed · US **$4.9M** With 14 others
- **May** **[Percolate](https://millionrounds.com/company/percolate)** Series C · US **$40M** With 7 others
- **Mar** **[wedgies](https://millionrounds.com/company/wedgies)** Seed · US **$1.2M** With 9 others
- **Mar** **[Vrideo](https://millionrounds.com/company/vrideo)** Seed · US **$1.8M** With 11 others
- **Feb** **[Reserve](https://millionrounds.com/company/reserve)** Series A · US **$15M** With 12 others
- **Feb** **[Draft](https://millionrounds.com/company/draft)** Series A · US **$3.5M** With 4 others
- **Feb** **[Molio Inc.](https://millionrounds.com/company/molio-inc)** Series A · US **$3.0M** With 5 others
- **2014** 14 rounds
- **Dec** **[Woven Digital](https://millionrounds.com/company/woven-digital)** Series A · US **$18M** With 7 others
- **Sept** **[Brickwork](https://millionrounds.com/company/brickwork)** Seed · US **Undisclosed** With 3 others
- **Aug** **[All Def Digital](https://millionrounds.com/company/all-def-digital)** Series A · US **$5.0M** With 3 others
- **Aug** **[Women.com](https://millionrounds.com/company/women-com)** Seed · US **$120K** With 12 others
- **Jun** **[Epoxy](https://millionrounds.com/company/epoxy)** Series A · US **$6.5M** With 5 others
- **Jun** **[Victorious](https://millionrounds.com/company/victorious)** Venture · US **$23M** With 12 others
- **May** **[The Noun Project](https://millionrounds.com/company/the-noun-project)** Seed · US **$2.0M** With 8 others
- **May** **[Niche](https://millionrounds.com/company/niche)** Seed · US **$2.5M** With 9 others
- **May** **[SocialRank](https://millionrounds.com/company/socialrank)** Seed · US **$1.1M** With 3 others
- **May** **[CrowdTangle](https://millionrounds.com/company/crowdtangle)** Venture · US **$2.2M** With 8 others
- **Apr** **[Mic Network](https://millionrounds.com/company/mic-network)** Series A · US **$10M** With 5 others
- **Apr** **[Who What Wear](https://millionrounds.com/company/who-what-wear)** Series A · US **$1.7M** With 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 registration **3 named**

JO **Jason Ostheimer** Principal i Filing they signed

JF **Jonathan F. Miller** Principal i Filing they signed

SR **Shari Redstone** Principal i Filing 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

**$119M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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.png](https://millionrounds.com/company/100-thieves)[11.png](https://millionrounds.com/company/skubana)[15.png](https://millionrounds.com/company/pair-eyewear)[23.png](https://millionrounds.com/company/mobcrush)[23.png](https://millionrounds.com/company/thrive-global)[30.png](https://millionrounds.com/company/percolate)[31.png](https://millionrounds.com/company/masterclass)[32.png](https://millionrounds.com/company/amper-music)[34.png](https://millionrounds.com/company/netomi)[39.png](https://millionrounds.com/company/strivr)[46.png](https://millionrounds.com/company/merit)[5.png](https://millionrounds.com/company/wondery)[6.png](https://millionrounds.com/company/crypt-tv)[7.png](https://millionrounds.com/company/fitplan)[8.png](https://millionrounds.com/company/hitrecord)[Advancit Portfolio Logos (Acquired)](https://millionrounds.com/company/optimizely)[Torque](https://millionrounds.com/company/torque) 1.png 10.png 11.png 12.png 12.png 13.png 14.png 15.png 16.png 17.png 18.png 19.png 2.png 2.png 2.png 20.png 22.png 22.png 24.png 24.png 26.png 27.png 28.png 29.png 3.png 3.png 3.png 3.png 30.png 31.png 32.png 34.png 35.png 36.png 36.png 37.png 38.png 38.png 4.png 4.png 40.png 42.png 43.png and 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 listed **7 in all**

**[Wondery](https://millionrounds.com/company/wondery)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Dec 2020

**[CrowdTangle](https://millionrounds.com/company/crowdtangle)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Nov 2016

**[Oyster](https://millionrounds.com/company/oyster)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Sept 2015

**[FitStar](https://millionrounds.com/company/fitstar)** Bought by [Fitbit](https://millionrounds.com/fund/fitbit) **$18M** Mar 2015

**[Niche](https://millionrounds.com/company/niche)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **$50M** Feb 2015

**[Directr](https://millionrounds.com/company/directr)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Aug 2014

**[Oyster.com](https://millionrounds.com/company/oyster-com)** Bought by [TripAdvisor](https://millionrounds.com/fund/tripadvisor) **Undisclosed** Oct 2013

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

New fund on file

**$33M**

raised in Sept 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.6M** the round, not its cheque

Led 0 of 69 rounds **0%**

- **Said size:** Up to $1.0M
- **Sole investor:** Never alone
- **Last cheque:** Jun 2019
- **Exits:** 7 from the portfolio

Rounds by stage said on their site

- Series A said *27*
- Seed said *25*
- Series B said *6*
- Venture *4*
- Series C *3*
- Debt *2*
- Pre-seed said *-*

Cheques by year Led Joined

2011 2019

Often in the room with

- [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 14
- [Greycroft](https://millionrounds.com/fund/greycroft) 12
- [MESA+](https://millionrounds.com/fund/mesa) 11
- [SV Angel](https://millionrounds.com/fund/sv-angel) 10
- [BDMI](https://millionrounds.com/fund/1745-ventures) 9
- [Lerer Ventures](https://millionrounds.com/fund/lerer-ventures) 8

**Pitching Advancit Capital?** 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 Advancit Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Lerer Hippeau** VC firm **14** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**Greycroft** VC firm **12** rounds together](https://millionrounds.com/fund/greycroft)[**MESA+** VC firm **11** rounds together](https://millionrounds.com/fund/mesa)[**SV Angel** VC firm **10** rounds together](https://millionrounds.com/fund/sv-angel)[**BDMI** Corporate VC **9** rounds together](https://millionrounds.com/fund/1745-ventures)[**Lerer Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/lerer-ventures)[**Lowercase Capital** VC firm **8** rounds together](https://millionrounds.com/fund/lowercase-capital)[**BoxGroup** VC firm **7** rounds together](https://millionrounds.com/fund/boxgroup)[**First Round Capital** VC firm **7** rounds together](https://millionrounds.com/fund/first-round-capital)[**Founders Fund** VC firm **5** rounds together](https://millionrounds.com/fund/founders-fund)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Founder Collective** VC firm **4** rounds together](https://millionrounds.com/fund/founder-collective)

## Recently backed

The latest companies Advancit Capital put money into.

[**HitRecord** $4.6M · Feb 2019](https://millionrounds.com/company/hitrecord)[**The Athletic** $40M · Oct 2018](https://millionrounds.com/company/the-athletic)[**Wondery** $5.0M · Mar 2018](https://millionrounds.com/company/wondery)[**Thrive Global** $30M · Nov 2017](https://millionrounds.com/company/thrive-global)[**Wavedash Games** $6.0M · May 2017](https://millionrounds.com/company/wavedash-games)[**Mux** $9.0M · Apr 2017](https://millionrounds.com/company/mux)

## 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).

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