# Human Capital: portfolio, investments and team

> Human Capital is a vc firm based in United States. 6 investments on record, 3 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# Human Capital

Last cheque observed Sep 2026; 6 cheques on record.

Email

Deploying now New fund $100M, Aug 2020 VC firm

Seed Series A Series B Healthcare Fintech Space

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Deploying now

**75%** of best year **3** **cheques in 12 months**, 6 on record

Since the last cheque **48** days **00** hrs **00** min **00** sec

Median round **$130M** Rounds led **1 of 6** Sole investor **1 rounds** Mostly in **United States, 83%**

Pitch Human Capital

## Human Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Growth and Series A: 60% of its rounds
- 03 Sole investor in 1 rounds, median $14M

## What they do

> Human Capital partners with exceptional founders, deploying capital and building teams of the highest caliber at scale. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Healthcare Fintech Space
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 3 rounds
- **Sept** **Buildots** Growth · IL · Ventureburn **$130M** With 8 others
- **Sept** **[The Boring Co.](https://millionrounds.com/company/the-boring-co)** Growth · US · Google News search **$3.0B** With 8 others
- **Feb** **[Take2](https://millionrounds.com/company/take2)** Series A · US · AlleyWatch **$14M** *Led*
- **2025** 3 rounds
- **Oct** **[NewLimit](https://millionrounds.com/company/newlimit)** US · Ventureburn **$45M** With 11 others
- **Jun** **[Neuralink](https://millionrounds.com/company/neuralink)** Series E · US · Crunchbase News **$650M** With 13 others
- **May** **[NewLimit](https://millionrounds.com/company/newlimit)** Series B · US · TechCrunch **$130M** With 15 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 **8 named**

AB **Afsaneh Beschloss** Director i Filing they signed

AB **Ali Baris Akis** President i Form ADV

AH **Amir Hassanabadi** General Counsel/Chief Compliance Officer i Form ADV

AS **Antonio Sierra** Director i Filing they signed

AI **Armaan Ibrahim Ali** Managing Member of the General Partner and Investment Manager. i Filing they signed

AS **Ashwin S Hira** Chief Business Officer i Form ADV

BA **Baris Akis** Managing Member of the General Partner and Investment Manager. i Filing they signed

JI **James Irving Baaden** Chief Operating Officer i Form ADV

We also hold **13** 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

**$4.4B** assets it manages Oct 2026

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

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Human Capital Investment Management LLC
- **SEC number:** CRD 296844

Funds on its Form ADV

**30** private funds, **$2.1B** in gross assets · filed Mar 2024

- HCM V, L.P. *Venture* 193 investors $478M
- HCM IV, L.P. *Venture* 135 investors $324M
- HC S3A L.P. *Venture* 3 investors $244M
- NTV II, L.P. *Venture* 78 investors $175M
- HCM S3B L.P. *Venture* 32 investors $109M
- NAV Capital S2A L.P. *Venture* 21 investors $91M
- HCM S3C L.P. *Venture* 34 investors $90M
- Human Capital S2B L.P. *Venture* 3 investors $86M
- TCM II, L.P. *Venture* 24 investors $61M
- NAV Capital S1A L.P. *Venture* 33 investors $48M

And 20 more on the filing.

## What they claim to have backed

From their own portfolio page (on their website)

**32** of 51 we have independently watched raise

[Anduril](https://millionrounds.com/company/anduril-industries)[Applied Intuition](https://millionrounds.com/company/applied-intuition)[Athelas](https://millionrounds.com/company/athelas)[Bolt](https://millionrounds.com/company/bolt)[Cloaked](https://millionrounds.com/company/cloaked)[Clumio](https://millionrounds.com/company/clumio)[Commure](https://millionrounds.com/company/commure)[Hearth](https://millionrounds.com/company/hearth)[Kalshi](https://millionrounds.com/company/kalshi)[Lacework](https://millionrounds.com/company/lacework)[Lean Technologies](https://millionrounds.com/company/lean-technologies)[Maybern](https://millionrounds.com/company/maybern)[ModRetro](https://millionrounds.com/company/modretro)[Neuralink](https://millionrounds.com/company/neuralink)[New Limit](https://millionrounds.com/company/newlimit)[Nominal](https://millionrounds.com/company/nominal)[Nova Credit](https://millionrounds.com/company/nova-credit)[Nuvo](https://millionrounds.com/company/nuvo)[Observe](https://millionrounds.com/company/observe)[Onebrief](https://millionrounds.com/company/onebrief)[Posh](https://millionrounds.com/company/posh)[Qualia](https://millionrounds.com/company/qualia)[Rune](https://millionrounds.com/company/rune-technologies)[Sanas](https://millionrounds.com/company/sanas)[Scale](https://millionrounds.com/company/scale)[Snowflake](https://millionrounds.com/company/snowflake)[The Boring Company](https://millionrounds.com/company/the-boring-company)[Transcarent](https://millionrounds.com/company/transcarent)[Wildlife](https://millionrounds.com/company/wildlife)[Wraithwatch](https://millionrounds.com/company/wraithwatch)[Yendo](https://millionrounds.com/company/yendo)[Zelos](https://millionrounds.com/company/zelos) Able Aim Beacon Biograph Dandy Elementl Fellow Flock Homeward Jasper Health Kojo Livongo Local Kitchens Medra Speechify Splitgate Studio Trackonomy Vise

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.

New fund on file

**$100M**

raised in Aug 2020

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

## The cheque

Seed Series A Series B

Median round joined **$130M** the round, not its cheque Alone, median **$14M**

Led 1 of 6 rounds **17%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Growth *2*
- Series A said *1*
- Series B said *1*
- Series E *1*
- Seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Founders Fund](https://millionrounds.com/fund/founders-fund) 4
- [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) 4
- [Dimension](https://millionrounds.com/fund/dimension) 2
- [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) 2
- [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) 2
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 2

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

[**Founders Fund** VC firm **4** rounds together](https://millionrounds.com/fund/founders-fund)[**Valor Equity Partners** VC firm **4** rounds together](https://millionrounds.com/fund/valor-equity-partners)[**Dimension** VC firm **2** rounds together](https://millionrounds.com/fund/dimension)[**Khosla Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Kleiner Perkins** VC firm **2** rounds together](https://millionrounds.com/fund/kleiner-perkins)[**Lightspeed Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Vy Capital** VC firm **2** rounds together](https://millionrounds.com/fund/vy-capital)

## Recently backed

The latest companies Human Capital put money into.

[**NewLimit** $45M · Oct 2025](https://millionrounds.com/company/newlimit)[**Neuralink** $650M · Jun 2025](https://millionrounds.com/company/neuralink)

## Quick answers about Human Capital

### What does Human Capital invest in?

Human Capital invests most often at Growth and Series A (60% of the rounds on record), in sectors such as Healthcare, Fintech and Space.

### How active is Human Capital?

6 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Sept 2026.

### What has Human Capital invested in recently?

Its most recent investments on record: Buildots (Growth, Sept 2026), The Boring Co. (Growth, Sept 2026) and Take2 (Series A, Feb 2026).

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

The median round it joins is $130M.

### Does Human Capital lead rounds?

Yes: it led 1 of its 6 investments on record (17%).

### Where does Human Capital invest?

Most of the companies it backs are in the United States (83%) and Israel (17%).

### Is Human Capital investing now?

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

### Who does Human Capital invest alongside?

Most often Founders Fund (4 rounds together), Valor Equity Partners (4 rounds together) and Dimension (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=human-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=human-capital)
