How many investments has LunaCap Ventures made?

LunaCap Ventures has 28 tracked investments, 1 of which have exited.

What stage does LunaCap Ventures invest at?

LunaCap Ventures invests at the Seed, Series A, Series B stages.

What is LunaCap Ventures's typical check size?

LunaCap Ventures typically writes checks of $150K – $500K.

What sectors does LunaCap Ventures focus on?

LunaCap Ventures focuses on Impact & Social Good, Sector Agnostic.

Where is LunaCap Ventures located?

LunaCap Ventures is headquartered in New York, US.

Who does LunaCap Ventures co-invest with?

LunaCap Ventures most often shares deals with IronGate Capital Advisors, Alpine Meridian, Base Venture Management, Inc., among 21 tracked co-investors.

LunaCap Ventures

Venture debt

New York · Seed–Series B · 11 people tracked

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Investment thesis

LunaCap Ventures provides venture debt financing to early-stage US-headquartered companies led by Military, Women and Minority founders. It takes a fundamentals-driven approach, investing $150K-$500K in debt to companies with strong cash flow, $1M-$10M in annual recurring revenue, product-market fit, an established sales pipeline, and profitability or a clear near-term path to it. The firm participates in Seed, Series A, Series B and Bridge rounds for growth capital, refinancing, acquisition financing and inventory financing. Investments are structured as senior and subordinated debt with 10-18% interest over 1-5 year terms plus 1-5% in warrants, aiming to back diverse leaders and generate above-market returns.

Invests inImpact & Social GoodSector AgnosticNew York United States

Source: firm website, verified Sep 26, 2026.

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Stage

Seed–Series B

Check

$150K – $500K

New York, US

Instruments

Debt

Founded

2014

Tracked investments

Unicorns

IPOs

Team · 11 people

from the firm's website

Angela Lee· Advisor - Founder, 37 Angels

Founder of 37 Angels, serving as an advisor to LunaCap Ventures.

Bob Conti· Advisor - Founder, Alexander Group

Founder of Alexander Group, serving as an advisor.

Paul Capon· Managing Partner

Paul Capon founded LunaCap Ventures in 2015, a venture debt firm focused on hybrid growth capital investing, where he serves as Managing Partner. Before that he served as a U.S. Air Force Captain and then worked in the restructuring industry at Capstone starting in 2013. He holds a B.S. from the United States Air Force Academy and MBAs from Columbia Business School and London Business School, and is also CEO of LunaCap portfolio company Wessex Press.

Todd Connor· Advisor - Founder, Bunker Labs

Founder of Bunker Labs, serving as an advisor.

Christopher Mendez· Partner

Christopher Mendez serves as General Counsel and Chief Compliance Officer at Commonwealth Asset Management LP, a Los Angeles-based asset management firm. He previously held the same roles at Semper Capital Management in New York, worked in the Business Law Department at Goodwin Procter LLP, and held legal and compliance positions at institutional asset management firms after beginning his career at Vanguard in 2006 following active duty in the U.S. Marine Corps. He holds a JD from Rutgers School of Law and a BBA from Temple University.

Jessica León· Intern

Jessica León is an MBA candidate at MIT Sloan School of Management who most recently worked at Kapor Capital, where she was involved in venture deal activities including sourcing, investment memos, diligence, and closings. She previously spent five years at Citigroup and Goldman Sachs working on strategic initiatives and analysis. She holds a dual degree in Finance and Operations Management from the University of Idaho.

Jonathan Michael Fung· Investment Committee Director

Kevin McCarville· Intern

Lorine Pendleton· Advisor - Impact Investor

Impact investor serving as an advisor to the firm.

Reza Chowdhury· Advisor - CEO, AlleyWatch

CEO of AlleyWatch, serving as an advisor.

Taylor Williams· Intern

What they invest in

from 23 of 28 portfolio companies

Consumer ×7Defense Tech ×6Deep Tech ×5Direct to Consumer ×5Fintech ×5E-commerce ×4Enterprise Software ×4Space Tech ×3

HQs:United States×13Australia×1

Who they back

founder profiles across 14 portfolio companies

50%

solo founders

7 of 14 mapped founding teams

70%

repeat founders

of 10 founders with career history

Founding team size:solo founder×72 founders×53 founders×14+ founders×1

Where their founders studiedfrom 11 founders with education data

New York University ×2United States Military Academy at West Point ×2

What their founders studiedfrom 10 founders with field-of-study data

Business & Management ×4Engineering ×3Finance & Accounting ×3Computer Science ×2

Where their founders worked beforefrom 10 founders with career history

Cafe Society ×2The Explorers Club ×2

Investments · 28 tracked

founders shown can be your intro path

By year:2020 · 1 2018 · 1 2014 · 13 dated

Voyager Spacevoyagerspace.com 𝕏NYSE: VOYG

Voyager Technologies builds defense and space systems, including solid-fuel and electric propulsion, energetics (the only U.S. provider of black powder), radiation-hardened space electronics, guidance and navigation systems, lunar and long-duration spaceflight infrastructure, and signals-intelligence/spectrum-dominance software.

Deep TechDefense TechSpace TechDenver, US

Dylan Taylor(Executive Officer, Director)inMatt Kuta(Executive Officer, Director)inFilipe De Sousa(Chief Financial Officer)Margaret Vernal(Chief Legal Officer, General Counsel and Secretary)inMatthew Magaña(President, Defense & National Security)Shoshanna Moody(Chief Administrative Officer)in

Co-investorsCaruso Ventures Hemisphere Ventures LLC Industrious Ventures IronGate Capital Advisors Rosecliff Ventures Scout Ventures +2 more

Mosaicetamosaiceta.com in✓ verified

Mosaic ETA is an investment firm that partners with individual entrepreneurs ("searchers") to identify, acquire, and operate small to medium-sized businesses through the entrepreneurship-through-acquisition model.

Enterprise SoftwareSector Agnostic

Julien(Co-Founder & Managing Partner)Eduardo(Co-Founder & Managing Partner)

Co-investorsCharterhouse Capital Partners Highland Creek Partners Relay Investments TA Associates

Academyinvestoracademyinvestor.com

AIN Ventures (Academy Investor Network) is a pre-seed and seed-stage venture fund investing in dual-use deep tech and veteran-led startups.

Deep TechDefense TechSpace Tech

Sherman Williams II(Co-Founder / Managing Partner)in Emily McMahan(Co-Founder / General Partner)in

Bgenerousbgenerous.com in 𝕏

B Generous operates a lending marketplace that connects nonprofit and charitable organizations with lenders to access capital for their missions.

B2B MarketplacesFintechImpact & Social Good

Co-investorsAlumni Ventures

Gesturegesture.vip in 𝕏

Gesture operates a direct-to-consumer gifting app and B2B brand engagement platform that combines curated physical products with digital delivery and social features.

ConsumerDirect to ConsumerE-commerceMarketing TechMarketplaces

Co-investorsExpert DOJO

IronGateirongatevc.com

IronGate Capital Advisors is a venture capital firm that invests in companies and venture partnerships developing dual-use technologies for aerospace, defense, intelligence, and national security.

Deep TechDefense Tech

Labralabra.ioJun 2020 · $1M

Labra provides a Propensity to Buy scoring platform that helps sales teams identify and prioritize high-intent accounts using Ideal Customer Profiles and advanced filtering.

AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSSales Tech

Sridhar A.(Founder)in

Co-investorsIlluminate Ventures Ulu Ventures New Age Capital

MarketMusemarketmuse.com in 𝕏

MarketMuse provides AI-powered content strategy and research tools for SEO and content teams, enabling them to analyze content inventories at scale, generate optimized briefs, and plan content strategy around user intent and search requirements.

AI & Machine LearningMarketing TechSaaS

Aki Balogh in Jeff Coyle(Co-Founder & Chief Revenue Officer)in

Co-investorsAlpine Meridian Colle Capital Partners LaunchCapital RevUp Capital Riverside Acceleration Capital Runway Venture Partners +4 more

Maxwellsocialmaxwellsocial.com in 𝕏

Maxwell Social is a members club and cultural community in New York that hosts social events such as house parties, debate nights, ideas dinners, and chef-in-residence programming.

ConsumerSocialNew York, US

David Litwak(Founder)in Joelle Fuchs(Founder)in Kyle Chaning-Pearce(Founder)in

Napyorknapyork.com

Nap York operates hourly sleep stations in hotels and dedicated spaces, serving travelers, shift workers, and people on the move who need rest during their busy schedules.

ConsumerTravel & HospitalityWellness & FitnessNew York, US

Neil(Co-Founder)

Newmajoritycapitalnewmajoritycapital.com in 𝕏

New Majority Capital is a venture capital and impact investing firm focused on increasing the number of underrepresented business owners and creating a more equitable financial future.

FintechImpact & Social Good

Ovenlyoven.ly

Ovenly is a premium bakery brand producing small-batch cookies, cakes, cookie dough, and baking mixes with a focus on inventive flavors and high-quality ingredients, including gluten-free and vegan options.

ConsumerDirect to ConsumerFoodTechBrooklyn, US

Agatha Kulaga(Founder)in

Co-investors37 Angels Good Ground

Parallelventurecapitalparallelventurecapital.com

Parallel Venture Capital is an early-stage investment firm that backs U.S. and allied-founded startups developing dual-use technologies serving both government and commercial customers.

Deep TechDefense Tech

Pathfinder Solutions Grouppathfindersolutionsgroupllc.com

Pathfinder Solutions Group is a consulting firm that provides advisory services to venture-backed portfolio companies of Stony Lonesome Group, with offerings across medical, healthcare, cybersecurity, data, and grant funding areas.

CybersecurityDefense TechEnterprise SoftwareHealthtechMedical Devices

Sean Drake(Founder)

Paul Evanspaulevansny.comDec 2014

Paul Evans sells handcrafted Italian men's dress shoes and cut-to-fit leather belts, offering over 50 styles ranging from classic oxfords to sneakers.

ConsumerDirect to ConsumerE-commerceNew York, US

Evan Fript(Manager)

Ruby Loverubylove.com in 𝕏

RubyLove makes patented period-proof underwear and swimwear with a built-in absorbent organic cotton layer that protects against leaks during menstruation.

Direct to ConsumerE-commerceFemTech

Crystal Etienne(CEO & Founder)in

Co-investorsBase Venture Management, Inc.SteelSky Ventures Black Operator

Saturnfivesaturnfive.com

Saturn Five is a private equity firm that acquires and operates cash-flowing small businesses on Main Street, focusing on companies with strong teams, loyal customers, and sustainable profitability.

Enterprise SoftwareSector AgnosticDenver, US

Max Anderson(Co-Founder)Evan Loomis(Co-Founder)

Scout Venturesscout.vcMay 2018

Scout.vc presents a team page featuring Tim Kopra, a former NASA astronaut and executive with leadership roles across space and technology companies.

Deep TechDefense TechSpace TechNew York, US

Brad Harrison(Founder & Managing Partner)inWes Blackwell(Director)Brendan Syron(Director)

Co-investorsIronGate Capital Advisors

Speedlespeedle.com.au

Speedle provides flexible personal cash loans with adjustable repayment terms, applied for online, targeting people new to their financial journey or underserved by traditional banks.

Fintech

Tailorridgecapitaltailorridgecapital.com in

Tailor Ridge Capital Management is a private real estate credit and hard money lending firm that provides financing solutions to real estate investors and developers.

FintechPropTechMassachusetts, US

Christopher M. Johnson(Co-founder & Managing Partner)inNikolas D. Schneider(Co-founder & Managing Partner)inDaniel M. Schneider(Co-founder & Managing Partner)inMichael D. Didier(Co-founder & Partner)

Valorhomemortgagevalorhomemortgage.com in

Valor Home Mortgage is a veteran-owned mortgage brokerage offering VA purchase loans, refinances, and IRRRL streamline options with wholesale rates, zero lender fees, and $0-down financing.

FintechPropTechSan Antonio, US

Jonathan Mullins(Founder & Chief Mortgage Officer)

Warbevwarbevco.com

WARBEVCO (What's A Roadblock?

ConsumerFoodTech

Winky Luxwinkylux.com 𝕏

Winky Lux is a beauty brand that makes color cosmetics and skincare products, including lip balms and pH-changing color-changing makeup.

ConsumerDirect to ConsumerE-commerce

Co-investorsBBG Ventures Female Founders Granite Asia Notable Capital SoGal Ventures

Other

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

ComplyfirstJules SmithTheadvocatefundValhallainvestorsVanarth

Exits · 1

1 IPOs

Voyager SpaceNYSE: VOYG

Frequently asked questions

How many investments has LunaCap Ventures made?: LunaCap Ventures has 28 tracked investments, 1 of which have exited.
What stage does LunaCap Ventures invest at?: LunaCap Ventures invests at the Seed, Series A, Series B stages.
What is LunaCap Ventures's typical check size?: LunaCap Ventures typically writes checks of $150K – $500K.
What sectors does LunaCap Ventures focus on?: LunaCap Ventures focuses on Impact & Social Good, Sector Agnostic.
Where is LunaCap Ventures located?: LunaCap Ventures is headquartered in New York, US.
Who does LunaCap Ventures co-invest with?: LunaCap Ventures most often shares deals with IronGate Capital Advisors, Alpine Meridian, Base Venture Management, Inc., among 21 tracked co-investors.

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