# Overlay Capital: portfolio, investments and team > Overlay Capital is a growth equity. 2 investments on record, 2 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/overlay-capital (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Overlay Capital Last cheque observed May 2026; 2 cheques on record. Email Growth equity Deploying now Last fund $2.0M, Feb 2024 Series B Venture Follow Overlay Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Foverlay-capital) Deploying now **100%** of best year **2** **cheques in 12 months**, 2 on record Since the last cheque **162** days **00** hrs **00** min **00** sec Median round **$65M** Rounds led **0 of 2** Pitch Overlay Capital ## Overlay Capital highlights - 01 2 cheques in the last 12 months - 02 Mostly Series B and Venture: 100% of its rounds ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Based in:** ALPHARETTA - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 2 rounds - **May** **[Thea Energy](https://millionrounds.com/company/thea-energy)** Series B · US · TechCrunch **$100M** With 16 others - **Feb** **[Avalanche Energy](https://millionrounds.com/company/avalanche-energy)** Venture · US · Ventureburn **$29M** With 10 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 **1 named** MC **Marco Colasacco** Executive Officer i Filing they signed We also hold **2** 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 **$169M** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Overlay Management, LLC - **SEC number:** CRD 324401 Latest fund on file **$2.0M** raised in Feb 2024 From its SEC filing. Nothing newer is on file yet. ## The cheque Series B Venture Median round joined **$65M** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** May 2026 Rounds by stage said on their site - Series B *1* - Venture *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) 2 **Pitching Overlay Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Overlay Capital. A count of rooms they were both in, not a relationship either has claimed. [**Lowercarbon Capital** VC firm **2** rounds together](https://millionrounds.com/fund/lowercarbon-capital) ## Recently backed The latest companies Overlay Capital put money into. [**Thea Energy** $100M · May 2026](https://millionrounds.com/company/thea-energy) ## Quick answers about Overlay Capital ### What does Overlay Capital invest in? Overlay Capital invests most often at Series B and Venture (100% of the rounds on record). ### How active is Overlay Capital? 2 investments on record, 2 of them in the last 12 months. The most recent was in May 2026. ### What has Overlay Capital invested in recently? Its most recent investments on record: Thea Energy (Series B, May 2026) and Avalanche Energy (Venture, Feb 2026). ### How big are Overlay Capital's cheques? The median round it joins is $65M. ### Is Overlay Capital investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Overlay Capital invest alongside? Most often Lowercarbon Capital (2 rounds together). ### What kind of investor is Overlay Capital? Overlay Capital is a growth equity firm based in ALPHARETTA. ### How much does Overlay Capital manage? About $169M, as regulatory assets under management (Oct 2026). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=overlay-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=overlay-capital)