How many investments has Grayhawk Capital made?

Grayhawk Capital has 8 tracked investments, including 2 dated in the last 24 months.

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

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Find your way into Grayhawk Capital

676 people in our graph share verified history with the Grayhawk Capital team — schools, employers, funds. One of them is your warm intro.

Ken Chenaultunlockedknows Judi Martschenko · together at Facebook (overlapped)

knows the team · via University of Colorado Boulder

knows the team · via Brigham Young University

knows the team · via Indiana University - Kelley School of Business

×6knows the team · via Facebook

knows the team · via University of Southern California

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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 SaaS Scottsdale United States

Source: firm website, verified Aug 3, 2026.

Stage

Series A–Late Stage

Scottsdale, Arizona, US

Leads rounds

Leads

Instruments

Equity

Founded

2000

AUM

$200M

VC funds

Tracked investments

Team · 10 people

from the firm's website & public directories

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.

Kyle DeLashmutt· Principal· Scottsdale, Arizona, United Statesin

Bart Faber· Advisory Board· Paradise Valley, Arizona, United Statesin

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· Longmont, Colorado, United Statesin

Suzy Kriscunas· Advisory Board

Leib Bolel

What they invest in

from 7 of 8 portfolio companies

AI & Machine Learning ×4Enterprise Software ×4SaaS ×3Data & Infrastructure ×2Digital Health ×2Healthtech ×2Marketing Tech ×2Cleantech ×1

HQs:United States×7

Investments · 8 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 2 2022 · 3 2021 · 17 dated

Case Statuscasestatus.com in 𝕏Oct 2024

Case Status provides a mobile client portal for law firms to communicate with clients and manage case information.

AI & Machine LearningEnterprise SoftwareLegalTechSaaSBirmingham, US

Andrew Seavers(Executive Officer, Director)Richard Braddock Jr.(Director)

BoardLauren Sturdivant(Director)Sherman Chu(Director)in DANIEL H. DRECHSEL(Director)inDan Dreschsel(Director)

Co-investorsAlerion Ventures BIP Ventures CreativeCo Service Provider Capital Techstars Topmark Partners

Claravineclaravine.com in 𝕏May 2022 · $16M

Claravine provides a SaaS platform that enforces consistent data standards and taxonomy across digital marketing operations for enterprise brands and agencies.

Data & InfrastructureEnterprise SoftwareMarketing TechProvo, US

Verl Allen(Chief Executive Officer)inJustin Shepard(Chief Operating Officer and Chief Financial Officer)inBernard Kiyanda(Chief Technology and Product Officer)inScott Bennett(Chief Revenue Officer)inAnne Murlowski(VP of Marketing)inDan Bowes(VP of Enterprise Transformation & Customer Enablement)in

Co-investorsFive Elms Capital Kickstart Next Frontier Capital Silverton Partners Peninsula Ventures

CloudAppgetcloudapp.com in 𝕏Jan 2022 · $9.3M

Zight (formerly CloudApp) is a screen recording and screen capture tool that lets users record video with screen, webcam and audio, take annotated screenshots, and create GIFs, all stored and shareable via cloud links.

AI & Machine LearningFuture of WorkSaaS

Co-investorsNew Ground Ventures Bloomberg Beta CERVIN VENTURES Kickstart Peninsula Ventures The Gramercy Fund

Medicommedicom.us in

Medicom provides a platform for automating medical image exchange and delivering imaging studies into EHR and PACS systems for hospitals, clinics, and radiology, cardiology, pathology, and oncology teams.

Data & InfrastructureDigital HealthHealthtech

Co-investorsOval Park Capital Vocap Partners Wolfpack Investor Network

Medicom Technologies, Inc.inNov 2021 · $21.8M

Raleigh, US

Michael Rosenberg(Executive Officer, Director, Promoter)Malcolm Benitz(Executive Officer, Director)Chris Woodlief(Executive Officer)Chase Ballard(Executive Officer, Director)

BoardJT Vaughn(Director)Mike Becker(Director)in

Co-investorsOval Park Capital Vocap Partners

Mindset Medicalmindsetmedical.com inJun 2024

Mindset Medical develops medical-grade software that uses remote photoplethysmography (rPPG) and deep learning to measure vital signs such as heart rate and respiratory rate through the camera on a patient's own smartphone, tablet, or computer.

AI & Machine LearningDigital HealthHealthtechMedical DevicesPhoenix, US

Mark L. Whitehouse(Executive Officer)inMitchell A. Foster(Executive Officer, Director, Promoter)Nicholas Theodore(Director)Joel Barthelemy(Director)

Board JAMES GOULKA(Director)inBRIAN BURNS(Director)in

Co-investorsAmgen Ventures AZ Venture Capital Inc.NOVA Prime Questa Capital Xcellerant Ventures

Opangaopanga.comApr 2025

Opanga Networks develops machine learning-powered software solutions for telecommunications network operators to optimize capital and operating expenses while improving performance.

AI & Machine LearningCleantechCloud ComputingEnterprise SoftwareSeattle, US

Mary Dougherty(Executive Officer)Cole Brodman(CEO)Michael Targett(Executive Officer)William Michael Targett(Secretary)Artur Seidel(COO)inJohn Burnette(CTO, GM Americas & Australasia)in

Co-investorsBoulder Ventures Cisco Investments Trilogy Equity Partners

Tagboardtagboard.com in 𝕏Apr 2022 · $8M

Tagboard provides a graphics system and audience engagement platform for creators and brands to produce interactive stories.

Creator EconomyEnterprise SoftwareMarketing TechMedia & EntertainmentSaaSRedmond, US

Timothy Shimotakahara(Executive Officer, Director, Promoter)Nathan Peterson(Executive Officer, Director, Promoter)Sean Sperte(Executive Officer, Director)inJON FETVEIT(DIRECTOR)

BoardAaron Ryan(Director)Andrea Berry(Director)

Co-investorsNext Frontier Capital WestRiver Group Keshif Ventures

Portfolio news

latest coverage across their companies

Claravine

Claravine · frazier.vc · Feb 2, 2026

Opanga Launches Telecom Industry’s First Guaranteed ROI Offering to Drive Real-Time Traffic Optimization — Opanga

Opanga · opanga.com · Nov 18, 2025

Mindset Medical Receives Additional Funding

Mindset Medical · finsmes.com · Oct 9, 2025

Frequently asked questions

How many investments has Grayhawk Capital made?: Grayhawk Capital has 8 tracked investments, including 2 dated in the last 24 months.
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

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