/Investor DB

FOD Capital

Family office

Key West · Seed–Growth · 4 people tracked

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Investment thesis

FOD Capital favors structured secured bridge debt enhanced with equity kickers through warrant coverage and/or conversion features, and pursues direct investments with mid-term holding periods, moderate risk, and above-average yields. It targets profitable, growth companies with foreseeable liquidity events such as mergers, sales, or IPOs, while also selectively backing exceptional earlier-stage companies led by experienced, disciplined management with disruptive technologies and large exploitable markets. The firm emphasizes simple, measurable business models, balanced operations, transparent communication, disciplined capital spending, and hands-on entrepreneurial leadership.

Invests inHealthtechSector AgnosticUnited States

Source: firm website, verified Oct 2, 2026.

Stage
Seed–Growth
HQ
Key West, US
Instruments
Debt · Equity
Tracked investments
29
IPOs
1
Acquisitions
1

Team · 4 people

from the firm's website
Donald Foss· Founder & Principal

Founder and Principal of FOD Capital. He founded Credit Acceptance (NASDAQ:CACC) in 1972 and served as its CEO and later Chairman for decades before retiring in 2017, and also founded the national dealer group CARite.

Michael Raymond· Managing Director

Managing Director of FOD Capital with over 40 years of experience in legal, corporate finance, private equity, IPOs and M&A.

Georges Durot· Senior Associate

Senior Associate supporting deal sourcing, diligence and portfolio management, with experience across family office investing, venture capital and corporate finance. He is a recent graduate of Northwestern University's Kellogg School of Management.

Matt Strunk· Director of Accounting and Finance

Director of Accounting and Finance overseeing financial due diligence, accounting and cash management, with over 30 years of experience focused on real estate ventures.

What they invest in

from 6 of 29 portfolio companies

Healthtech ×3Consumer ×2Advanced Manufacturing ×1Biotech ×1Circular Economy ×1FoodTech ×1Hardware ×1Longevity ×1

HQs:United States×4Luxembourg×1

Investments · 29 tracked

founders shown can be your intro path
INVO Bioscienceinvofertility.comNASDAQ: IVF

INVO Bioscience operates fertility clinics and develops fertility-related medical devices and technologies.

HealthtechSarasota, US

Michael Campbell(Chief Operating Officer and VP of Business Development)Andrea Goren(Chief Financial Officer)inSteven Shum(Chief Executive Officer)

BoardTrent Davis(Director)Matthew Szot(Director)Barbara Ryan(Director)

Ardagh Metal Packagingardaghmetalpackaging.comin

Ardagh Metal Packaging is a global supplier of metal beverage cans for brand owners, operating production facilities across Europe, North America, and Brazil.

Advanced ManufacturingCircular EconomyNew MaterialsLuxembourg, LU

Co-investorsGores

EdenRoc Sciencesedenrocsciences.com

EdenRoc Sciences is a life sciences holding company that founds and funds subsidiary biotechnology companies addressing diseases of aging, with assets spanning genomic detection, clinical-stage pharmaceuticals, forensics, and biologic-based consumer products.

BiotechHealthtechLongevityWorcester, US

Christopher Wibbleman(Director)Mathew Easterday(Executive Officer)Christopher McDoniel(Executive Officer)inEdward Schulak(Executive Officer, Director)inDavid Sinclair(Director)

BoardJ. Taylor Crandall(Director)

Happiest Babyhappiestbaby.comin𝕏Nov 2019

Happiest Baby manufactures smart sleep products for infants, including the SNOO bassinet which uses gentle motion and swaddling to help babies sleep safely.

ConsumerHardwareLos Angeles, US

Harvey Karp(Founder)inNina Montee Karp(Founder)in

BoardBilal Zuberi(Director)inPaolo Pirjanian(Director)in

Co-investorsAngel Capital ManagementDG Daiwa VenturesGreycroftGV (Google Ventures)Lauder PartnersLux Capital+3 more

Tropical Smoothie Cafetropicalsmoothiecafe.comin𝕏

Tropical Smoothie Cafe operates a franchise restaurant chain serving freshly made smoothies, wraps, sandwiches, and flatbreads with a focus on tropical-themed, casual dining.

ConsumerFoodTech

Co-investors10 Point CapitalBIP VenturesLevine Leichtman

UroDev Medicalurodevmedical.comSeedAcquired

UroDev Medical manufactures connected medical devices for people with spinal cord injury and disease, starting with a catheter designed to address neurogenic bladder and urinary incontinence.

HealthtechMedical DevicesSan Clemente, US

Derek Herrera(CTO)inZach McKinney(Chief Science Officer)in

Co-investorsWestern Technology InvestmentY CombinatorAgrolimen VenturesBaker EastlackEquity Trust CompanyLin, Bill | A10 Ventures+4 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AmwellArcimotoBeetBounceDockwaF45 FitnessGreat Lakes CoffeeGreen Zebra GroceryMuhdo Health LtdMunicipalPalm Drive ProductionsPelagicPelagic A B MarinaSocial MisfitsSonderSunflowThe Perry HotelTms SolutionsTomcarVr StudiosVyant BioWahlburgersZymergen

Exits · 2

1 IPOs · 1 acquisitions · showing 1

INVO BioscienceNASDAQ: IVF

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has FOD Capital made?
FOD Capital has 29 tracked investments, 2 of which have exited.
What stage does FOD Capital invest at?
FOD Capital invests at the Seed, Series A, Growth stages.
What sectors does FOD Capital focus on?
FOD Capital focuses on Healthtech, Sector Agnostic.
Where is FOD Capital located?
FOD Capital is headquartered in Key West, US.
Who does FOD Capital co-invest with?
FOD Capital most often shares deals with Greycroft, GV (Google Ventures), Lauder Partners, among 14 tracked co-investors.

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