# Factorial Capital: portfolio, investments and team

> Factorial Capital is a vc firm based in United States. 4 investments on record, 3 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/factorial-2 (Millionrounds; every figure on the page links to its filing or article)

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

# Factorial Capital

Last cheque observed Oct 2026; 4 cheques on record.

Email

VC firm Deploying now New fund $7.0M, Jul 2026

Seed Series A Venture Capital & Private Equity

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Deploying now

**100%** of best year **3** **cheques in 12 months**, 4 on record

Since the last cheque **15** days **00** hrs **00** min **00** sec

Median round **$3.7M** Rounds led **0 of 4**

Pitch Factorial Capital

## Factorial Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Pre-seed: 75% of its rounds

## What they do

> Factorial Capital is a New York-based venture capital firm backing founders who code From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Venture Capital & Private Equity
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **4 appearances**

- **2026** 2 rounds
- **Oct** **[ArtMaster](https://millionrounds.com/company/artmaster)** Seed · CZ · Google News search **$2.4M** With 8 others
- **Feb** **Catch AI** Seed · IL · Seedcamp **$5.0M** With 3 others
- **2025** 2 rounds
- **Dec** **[Oboe](https://millionrounds.com/company/oboe)** Series A · US · TechCrunch **$16M** With 12 others
- **Apr** **[Graze](https://millionrounds.com/company/graze)** Pre-seed · US · TechCrunch **$1.0M** With 4 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 **6 named**

BA **Barun Agarwal** Director i Filing they signed

BC **Bin Cheng** Managing member of the General Partner, C Reserve Capital, LLC. i Filing they signed

MK **Mark Kleiman** Managing Member of General Partner i Filing they signed

MH **Matthew Hartman** MANAGING PARTNER i Filing they signed

RA **Ronan Ambrose Guilfoyle** Director i Filing they signed

SB **Solomon Bier** Managing Member i Filing they signed

We also hold **5** 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

**$36M** gross assets of its funds Oct 2026

**2+** funds on file numbered funds in its name

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

- **Legal name:** Factorial Capital Management LLC
- **SEC number:** CRD 334656

New fund on file

**$7.0M**

raised in Jul 2026

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

## The cheque

Seed Series A

Median round joined **$3.7M** the round, not its cheque

Led 0 of 4 rounds **0%**

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

Rounds by stage said on their site

- Seed said *2*
- Pre-seed *1*
- Series A said *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Factorial Capital put money into.

[**ArtMaster** $2.4M · Oct 2026](https://millionrounds.com/company/artmaster)[**Oboe** $16M · Dec 2025](https://millionrounds.com/company/oboe)[**Graze** $1.0M · Apr 2025](https://millionrounds.com/company/graze)

## Mentioned on podcasts

Episodes that name Factorial Capital in their description, not their title.

- [Generative Now](https://millionrounds.com/podcasts/generative-now) 21 Nov 2024 · 30 min PART 2: Matthew Hartman | The Value of Premium Content and the Shifting Economics of the Internet Mentions [Factorial Capital](https://millionrounds.com/fund/factorial-2) Apple PodcastsShow page
- [Generative Now](https://millionrounds.com/podcasts/generative-now) 14 Nov 2024 · 43 min PART 1: Matthew Hartman | How Factorial Invests in the Future Mentions [Factorial Capital](https://millionrounds.com/fund/factorial-2) Apple PodcastsShow page

## Quick answers about Factorial Capital

### What does Factorial Capital invest in?

Factorial Capital invests most often at Seed and Pre-seed (75% of the rounds on record), in sectors such as Venture Capital & Private Equity.

### How active is Factorial Capital?

4 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026.

### What has Factorial Capital invested in recently?

Its most recent investments on record: ArtMaster (Seed, Oct 2026), Catch AI (Seed, Feb 2026) and Oboe (Series A, Dec 2025).

### How big are Factorial Capital's cheques?

The median round it joins is $3.7M.

### Is Factorial Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### What kind of investor is Factorial Capital?

Factorial Capital is a VC firm based in New York, United States.

### How much does Factorial Capital manage?

About $36M, as gross assets of its private funds (Oct 2026).

### Has Factorial Capital raised a new fund?

Its latest fund filing with the SEC was in Jul 2026, reporting $7.0M raised.

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