# Palm Drive Capital: portfolio, investments and team

> Palm Drive Capital is a vc firm based in United States. 89 investments on record, 12 in the last 12 months, latest Oct 2026.

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

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

# Palm Drive Capital

Last cheque observed Oct 2026; 89 cheques on record.

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Deploying now New fund $42M, Jan 2024 VC firm

Seed Series A Series B Software Recurring Collaboration Tools

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Deploying now

**52%** of best year **12** **cheques in 12 months**, 89 on record

Since the last cheque **5** days **00** hrs **00** min **00** sec

Median round **$8.0M** Cheque size, as they say **$200K – $10M** Rounds led **1 of 89** Mostly in **United States, 72%**

Pitch Palm Drive Capital

## Palm Drive Capital highlights

- 01 12 cheques in the last 12 months
- 02 Mostly Venture and Series A: 54% of its rounds
- 03 Led 1 rounds

## What they do

> Palm Drive Capital is a venture capital firm backing generational founders at pre-seed and seed. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $200K – $10M as they say
- **Stages:** Seed Series A Series B
- **Sectors:** Software Recurring Collaboration Tools
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **89 appearances**

- **2026** 10 rounds
- **Oct** **[Paradev](https://millionrounds.com/company/paradev)** Seed · US · Google News search **$12M** With 10 others
- **Jul** **[Vector Legal](https://millionrounds.com/company/vector-legal)** Seed · US **$5.2M** With 3 others
- **Apr** **[Jinba](https://millionrounds.com/company/jinba)** Venture · US **Undisclosed** With 3 others
- **Apr** **[GGWP](https://millionrounds.com/company/ggwp)** Series A · US **$15M** With 5 others
- **Mar** **[ZeroSettle](https://millionrounds.com/company/zerosettle)** Pre-seed · US **$500K** With 1 other
- **Mar** **[Traverse](https://millionrounds.com/company/traverse)** Pre-seed · US **$500K** With 2 others
- **Feb** **[Avenia](https://millionrounds.com/company/avenia)** Series A · BR · LatamList **$17M** With 7 others
- **Feb** **[GetDynasty](https://millionrounds.com/company/getdynasty)** Venture · US **Undisclosed** With 5 others
- **Jan** **[VelaFi](https://millionrounds.com/company/velafi)** Series B · LatamList **$20M** With 7 others
- **Jan** **[Mara](https://millionrounds.com/company/mara)** Venture · BR **Undisclosed** With 3 others
- **2025** 18 rounds
- **Dec** **[SellRaze](https://millionrounds.com/company/sellraze)** Venture · US **Undisclosed** With 4 others
- **Nov** **[Luminal](https://millionrounds.com/company/luminal)** Seed · US · TechCrunch **$5.3M** With 7 others
- **Oct** **[APRO Oracle](https://millionrounds.com/company/apro-oracle)** Venture · SG **Undisclosed** With 4 others
- **Sept** **[GetASAP](https://millionrounds.com/company/getasap)** Venture · US **Undisclosed** With 5 others
- **Sept** **[Qashio](https://millionrounds.com/company/qashio)** Venture **Undisclosed** With 4 others
- **Sept** **[Zania](https://millionrounds.com/company/zania)** Series A · US **$18M** With 3 others
- **Sept** **[throxy](https://millionrounds.com/company/throxy)** Seed · GB **$6.2M** With 5 others
- **Aug** **[Aurelian](https://millionrounds.com/company/aurelian)** Series A · US · New Enterprise Associates **$14M** With 5 others
- **Aug** **[Albiware](https://millionrounds.com/company/albiware)** Venture · US **Undisclosed** With 3 others
- **Aug** **[Naluri Life](https://millionrounds.com/company/naluri-life)** Series B **$5.0M** With 3 others
- **Jul** **[Cascade Space](https://millionrounds.com/company/cascade-space)** Seed · US **$5.9M** With 6 others
- **Jul** **[Boba Network](https://millionrounds.com/company/boba-network)** Growth · US **$70M** With 5 others
- **Jul** **[Ticket Wallet](https://millionrounds.com/company/ticket-wallet)** Seed · US **$6.0M** With 4 others
- **Jun** **[Nutiliti](https://millionrounds.com/company/nutiliti)** Venture · US **$11M** With 1 other
- **Jun** **[Vector Institute](https://millionrounds.com/company/vector-institute)** Grant · CA **$2.6M** With 5 others
- **Mar** **[Misprint](https://millionrounds.com/company/misprint)** Pre-seed · US **$500K** With 3 others
- **Feb** **[Phase](https://millionrounds.com/company/phase)** Series A · DE · TechCrunch **$13M** With 12 others
- **Jan** **[LemFi](https://millionrounds.com/company/lemfi)** Series B · NG · Disrupt Africa **$53M** With 7 others
- **2024** 11 rounds
- **Dec** **[Platus](https://millionrounds.com/company/platus)** Pre-seed · US **$500K** With 3 others
- **Dec** **[iDox.ai](https://millionrounds.com/company/idox-ai)** Venture · US **$10M** With 1 other
- **Nov** **[Eyewa](https://millionrounds.com/company/eyewa)** Series C · AE · TechCrunch **$100M** With 8 others
- **Oct** **[MealMe](https://millionrounds.com/company/mealme)** Series A · US · TechCrunch **$8.0M** With 7 others
- **Oct** **[Party Icons](https://millionrounds.com/company/party-icons)** Seed · HK **$9.0M** With 4 others
- **Sept** **[Ply Health](https://millionrounds.com/company/ply-health)** Pre-seed · US **$500K** With 3 others
- **Jun** **[Stanly](https://millionrounds.com/company/stanly)** Seed · US **$8.0M** With 3 others
- **May** **[Refine](https://millionrounds.com/company/refine)** Seed · US **$2.8M** With 3 others
- **May** **[RobinFood](https://millionrounds.com/company/robinfood)** Venture · CO **$4.0M** With 3 others
- **Mar** **[Popularium](https://millionrounds.com/company/popularium)** Seed · US **$2.0M** With 3 others
- **Mar** **[Louisa AI](https://millionrounds.com/company/louisa-ai)** Seed · US **$5.0M** With 2 others
- **2023** 12 rounds
- **Dec** **[MAKA](https://millionrounds.com/company/maka)** Pre-seed **$2.6M** With 1 other

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 **4 named**

HL **Hendrick Lee** Managing Member of the Manager of the Co-Manager i Filing they signed

JC **Jocelyn Cortez Young** Managing Member of the Co-Manager i Filing they signed

SC **Seamon Chan** Managing Member of the Manager of the Co-Manager i Filing they signed

XC **Xiaoxiao Cai** Chief Compliance Officer, Partner i Form ADV

We also hold **7** 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

**$376M** assets it manages Oct 2026

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

- **Legal name:** PALM Drive Capital LLC
- **SEC number:** CRD 284014

Funds on its Form ADV

**23** private funds, **$376M** in gross assets · filed Feb 2024

- Palm Drive Capital III L.P. *Venture* 34 investors $90M
- Palm Drive Capital II L.P. *Venture* 41 investors $76M
- Palm Drive Ventures I L.P. *Venture* 30 investors $59M
- Palm Drive Capital IV L.P. *Venture* 21 investors $41M
- PD BC LLC *Venture* 3 investors $31M
- Palm Drive Ventures (WL), LLC *Venture* 15 investors $23M
- PD CAT LLC *Venture* 32 investors $8.7M
- PD Menlo LLC *Venture* 19 investors $8.4M
- Minerva Palm Drive RF LLC *Venture* 32 investors $6.0M
- PD ALBI LLC *Venture* 11 investors $5.1M

And 13 more on the filing.

New fund on file

**$42M**

raised in Jan 2024

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 **$8.0M** the round, not its cheque

Led 1 of 89 rounds **1%**

- **Said size:** $200K – $10M
- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *24*
- Series A said *21*
- Seed said *21*
- Pre-seed *8*
- Series B said *7*
- Series C *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Drive Capital](https://millionrounds.com/fund/drive-capital) 83
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 31
- [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) 12
- [Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) 7
- [500 Global](https://millionrounds.com/fund/500-startups) 6
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 6

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

[**Drive Capital** VC firm **83** rounds together](https://millionrounds.com/fund/drive-capital)[**Y Combinator** Accelerator **31** rounds together](https://millionrounds.com/fund/y-combinator)[**Pioneer Fund** Private equity **12** rounds together](https://millionrounds.com/fund/pioneer-fund-2)[**Liquid 2 Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/liquid-2-ventures)[**500 Global** Angel **6** rounds together](https://millionrounds.com/fund/500-startups)[**Alumni Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Soma Capital** VC firm **5** rounds together](https://millionrounds.com/fund/soma-capital)[**Endeavor Catalyst** Corporate VC **4** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**Dragonfly Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/dragonfly-capital-partners)[**Edward Lando** Angel **3** rounds together](https://millionrounds.com/fund/edward-lando)[**Endeavor** Corporate VC **3** rounds together](https://millionrounds.com/fund/endeavor)[**Karman Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/karman-ventures)

## Recently backed

The latest companies Palm Drive Capital put money into.

[**Vector Legal** $5.2M · Jul 2026](https://millionrounds.com/company/vector-legal)[**GGWP** $15M · Apr 2026](https://millionrounds.com/company/ggwp)[**Traverse** $500K · Mar 2026](https://millionrounds.com/company/traverse)[**Avenia** $17M · Feb 2026](https://millionrounds.com/company/avenia)[**VelaFi** $20M · Jan 2026](https://millionrounds.com/company/velafi)[**Mara** Jan 2026](https://millionrounds.com/company/mara)

## Quick answers about Palm Drive Capital

### What does Palm Drive Capital invest in?

Palm Drive Capital invests most often at Venture and Series A (54% of the rounds on record), in sectors such as Software, Recurring and Collaboration Tools.

### How active is Palm Drive Capital?

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

### What has Palm Drive Capital invested in recently?

Its most recent investments on record: Paradev (Seed, Oct 2026), Vector Legal (Seed, Jul 2026) and Jinba (Venture, Apr 2026).

### How big are Palm Drive Capital's cheques?

The median round it joins is $8.0M. It says it writes cheques of $200K to $10M.

### Does Palm Drive Capital lead rounds?

Sometimes: it led 1 of its 89 investments on record (1%).

### Where does Palm Drive Capital invest?

Most of the companies it backs are in the United States (72%) and Brazil (6%).

### Is Palm Drive Capital investing now?

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

### Who does Palm Drive Capital invest alongside?

Most often Drive Capital (83 rounds together), Y Combinator (31 rounds together) and Pioneer Fund (12 rounds together).

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