What stage does Grayhawk Capital invest at?

Grayhawk Capital invests at the Series A, Series B, Growth, Late Stage stages.

Where is Grayhawk Capital located?

Grayhawk Capital is headquartered in Scottsdale, US.

Does Grayhawk Capital lead rounds?

Yes, Grayhawk Capital leads investment rounds.

Grayhawk Capital

Growth equity

Scottsdale · Series A–Late Stage · 10 people tracked

Also known as GRAYHAWK CAPITAL, LLC

★ Follow + Add to CRM ⤳ Find an introduction

✨ Fox Verdict

Investment thesis

Grayhawk Capital focuses on B2B disruptive SaaS solutions across a variety of verticals, with recurring interest in customer-centric software, healthcare IT, cybersecurity, fintech, and business productivity and communications. The firm targets early-growth stage companies with $2M–$6M in ARR, capital-efficient business models, and a global addressable market of $1B or more. It emphasizes backing strong management teams, seeking ambitious, coachable founders who serve as leaders. Grayhawk provides experience, resources, and capital to fuel growth in exceptional teams.

Invests inCloud Computing Cybersecurity Enterprise Software Fintech Healthtech SaaSScottsdaleUnited States

Source: firm website, verified Aug 3, 2026.

Stage

Series A–Late Stage

Scottsdale, US

Leads rounds

Leads

Instruments

Equity

AUM

$200M

VC funds

Tracked investments

Team · 10 people

from the firm's website

Brian S. Smith· Managing Partner· Mesa, Arizona, United Statesin

Brian S. Smith is a Managing Director at Grayhawk Capital, where he invests in early-stage information technology companies. He also serves on the Board of Directors at FindMine.

Sherman Chu· Managing Partner· Phoenix, Arizona, United Statesin

Sherman Chu is founder and managing partner of Grayhawk Capital, a venture capital firm investing an $80 million fund in early and growth stage companies in the southwest U.S. The firm's partners bring more than 60 years of collective experience across eight venture funds totaling over $500 million, with a focus on serial entrepreneurs, rapidly growing technology markets, and innovative products across sectors including mobile computing, cloud/SaaS, security, enterprise software, and healthcare IT. Chu serves on the board of directors at Case Status.

Brian N. Burns· Partner Emeritus· Tempe, Arizona, United Statesin

Kyle DeLashmutt· Principal· Scottsdale, Arizona, United Statesin

Bart Faber· Advisory Board

Bennett Dorrance· Advisory Board

Judi Martschenko· Executive Assistant· United Statesin

Judi Martschenko is a Project Assistant at ASU Learning Transformation Studios with six years of experience in digital design and content development. She specializes in graphic design, content creation, and project management, with particular expertise in learning management systems and instructional design. Her work focuses on translating complex information into learning experiences for diverse audiences.

Michael J. Endres· Advisory Board

Scott Knollenberg· Advisory Board

Suzy Kriscunas· Advisory Board

What they invest in

from 1 of 1 portfolio companies

Healthtech ×1

HQs:United States×1

Investments · 1 tracked

founders shown can be your intro path

Mindset Medical

HealthtechPhoenix, US

MITCHELL A. FOSTER(Executive Officer, Director, Promoter)DEREK MULGREW(Director)NICHOLAS THEODORE(Director)BRIAN BUTLER(Director)JAMES GOULKA(Director)TODD POTOKAR(Director)

Frequently asked questions

What stage does Grayhawk Capital invest at?: Grayhawk Capital invests at the Series A, Series B, Growth, Late Stage stages.
What sectors does Grayhawk Capital focus on?: Grayhawk Capital focuses on Cloud Computing, Cybersecurity, Enterprise Software, Fintech, Healthtech, SaaS.
Where is Grayhawk Capital located?: Grayhawk Capital is headquartered in Scottsdale, US.
Does Grayhawk Capital lead rounds?: Yes, Grayhawk Capital leads investment rounds.

Media · Podcasts & interviews

featuring the team

Investor 360 with Sherman Chu of Grayhawk Capital

SAM Preccelerator · Sherman Chu

Similar investors

Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M

DCVC (Data Collective)

DCVC (Data Collective) is a venture capital firm that backs founders building companies which apply technology to major challenges across areas such as energy, biotech, agriculture, and machine learning.

$5M – $25M

GV (Google Ventures)

GV (formerly Google Ventures) is a venture investment firm that backs founders across many industries, aiming to build long-term relationships and support companies across multiple stages and milestones.

$250K – $50M

Insight Partners

Insight Partners is a venture and growth-stage software investor featuring a large portfolio of technology companies across multiple sectors and regions.