Fundraising Fox
MHS Capital
Venture capitalActively deployingSan Francisco · Seed–Late Stage · 2 people tracked
Also known as MHS CAPITAL MANAGEMENT III, LLC · MHS CAPITAL MANAGEMENT, LLC
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Investment thesis
Targets bootstrapped software companies transitioning to venture-backed growth and serial entrepreneurs buying small tech firms, offering direct access to senior operator-mentors and making 2–5 $1–3M initial investments annually.
Source: firm website, verified Sep 29, 2026.
Team · 2 people
from public directories
What they invest in
from 18 of 26 portfolio companiesAI & Machine Learning ×8SaaS ×7Enterprise Software ×5Marketing Tech ×4E-commerce ×3Sales Tech ×3Advanced Manufacturing ×2Circular Economy ×2
HQs:United States×19Australia×1
Investments · 26 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 12024 · 12022 · 32021 · 12020 · 12019 · 12018 · 12017 · 22016 · 12015 · 22012 · 218 dated
Grove is an e-commerce platform that curates and sells household and personal care products vetted against health and environmental standards.
Circular EconomyConsumerDirect to ConsumerE-commerceSan Francisco, US
Stuart Landesberg(Executive Officer, Director)inChris Clark(Director)inJordan SavageinJeff Yurcisin(Chief Executive Officer, President and Director)inTom Siragusa(Chief Financial Officer)inKeith Davey(Chief Technology Officer)in
Board seatMark Sugarman· per SEC Form D
Co-investors500 GlobalATEL VenturesBullpen CapitalForefront VentureGaingelsGeneral Atlantic+14 more
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Memo provides article readership data sourced directly from publications, letting communications and PR teams see how many people actually read their press coverage and which stories, outlets, and reporters drive traffic.
Data & InfrastructureMarketing TechSaaSNew York City, US
Eddie Kim(Founder & CEO)Karlie Santucci(Chief Customer Officer)inBrad Kagawa(CTO)in
Co-investorsFounder CollectiveSusa VenturesAbstract VenturesLauder PartnersLightShed VenturesPreface Ventures
Inflection.io provides B2B marketing automation software for marketing teams, with customers including Twilio, Mural, Amplitude, BILL, and Clay.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSales TechSeattle, US
Andy Turman(Founder)inDave Rigotti(Founder)inAaron Bird(Co-founder & CEO)inMark Sugarman(Director)
Board seatMark Sugarman· per SEC Form D
Co-investorsAscend Venture CapitalVersion One VenturesAscendCercano ManagementGreylock PartnersM12 (Microsoft's Venture Fund)+1 more
San Francisco, US
Igor Lebovic(Executive Officer, Director)inErik Fantasia(Executive Officer, Director)
Board seatMark Sugarman· per SEC Form D
Co-investorsFloodgateJackson Square VenturesJavelin Venture Partners
SendCutSend provides on-demand laser cutting, CNC machining, and finishing services for custom metal parts, serving makers, small businesses, and large enterprises across the United States.
Advanced ManufacturingHardwareReno, US
Jim Belosic(CEO & Founder)inJake(CTO)Erin Belosic(President)inJacob Graham(CTO, co-founder)in
BoardAndrew Reed(Director)in
Board seatMark Sugarman· per SEC Form D · $110M raise · filed May 2026
Co-investorsHorizonParadigmSequoia CapitalSummit Peak Investments
AHX builds an artificial intelligence engine to automate mass manufacturing processes, applying AI to industrial processes such as steel and wood production.
Advanced ManufacturingAI & Machine LearningDeep TechEnterprise Software
Haidin Rashid(Founder)in
Co-investorsOutrun VenturesGolden Ventures
Apprentice Health uses location tracking sensors and analytics software to monitor movement patterns within hospitals, identify workflow bottlenecks for clinical staff, and provide actionable optimization recommendations to hospital administrators.
HealthtechBoston, US
Rajiv Sivendran(CEO)inArtur Menzeleev(CSO)in
Co-investorsAlumni VenturesMindset VentureY CombinatorBamboo Capital PartnersGrant Park VenturesPrasetia Dwidharma
Auto Hauler Exchange operates a marketplace connecting car dealers and shippers directly with vetted auto transport carriers, eliminating brokers to enable faster vehicle delivery—typically within four days.
B2B MarketplacesE-commerceLogistics & Supply ChainMarketplacesMobility & TransportationRochester, US
Royce Neubauer(Executive Officer, Director)in
BoardBert Amato(Director)inVijay Nagappan(Director)in
Co-investorsGolden Ventures
Bizible developed B2B multi-touch marketing attribution software that tracked buyer touchpoints and linked them to CRM opportunities and revenue.
Seattle, US
Daniel Todd(Director)inAaron Bird(Executive Officer, Director)in
BoardLen Jordan(Director)
Co-investorsMadrona Venture GroupScale Venture Partners
Farmblox connects farm equipment and in-field sensors (measuring soil moisture, power outages, weather, and more) to a mobile and web app, letting growers monitor operations remotely and automate tasks.
AgTechAI & Machine LearningHardwareIoTNewton Highlands, US
John Dyer(Executive Officer, Director)inMarc Printz(Executive Officer, Director)inNathan Rosenberg(Executive Officer, Director)inJonathan Mitchell Gaines(Executive Officer, Director)Mark Printz(Executive Officer, Director)
Co-investorsHyperplane Venture CapitalSanta Cruz VentureService Provider CapitalTall Grass VenturesSlow Ventures
Fyfe is an Australian engineering and environmental consultancy providing services across renewable energy, resources, transport, power and network infrastructure, water and wastewater, land development, and data centres over the full project lifecycle.
Climate TechConstruction TechEnergyEnterprise Software
Co-investorsMercury CapitalPoint Nine
Garmentory is an online marketplace that curates and sells fashion, home goods, and kids' items from vetted independent boutiques and emerging designers.
Circular EconomyE-commerceMarketplacesBellevue, US
JOHN SCROFANO(Executive Officer, Director)inSUNIL GOWDA(Executive Officer, Director, Promoter)in
BoardCHRIS DEVORE(Director)in
Co-investorsTechstarsFounders' Co-op
Guidebook builds event management software for event planners and organizers to focus on attendee engagement rather than logistical operations.
SaaS
Co-investorsMosaic VenturesVast Ventures
Indiegogo is a San Francisco crowdfunding platform, launched in 2008, where entrepreneurs and creators raise money for hardware, film, design and community projects from backers before a product ships.
Danae Ringelmann(Founder)Eric Schell(Founder)Slava Rubin(Founder)
Co-investorsBling CapitalFf Venture CapitalG2T3V FundInsight PartnersKleiner PerkinsMosaic Ventures+6 more
Keyplay is a B2B marketing platform that uses AI agents to identify and act on target accounts, with integrations for Salesforce and HubSpot.
AI & Machine LearningMarketing TechSales TechSeattle, US
Andrew Rothbart(Founder)inAdam Schoenfeld(Founder)in
Co-investorsAscend Venture CapitalEveningGTMfund
MagicBus offers a vanpooling app that matches riders, drivers, and vans to build and manage commuter pools with on-demand dynamic scheduling.
ConsumerLogistics & Supply ChainMobility & TransportationSaaSLos Angeles, US
Ray Wu(Founder)inJason Kraft(CTO)inChris Upjohn(Founder)in
Co-investorsVersion One VenturesY Combinator500 GlobalAvlok CapitalDetroit Venture PartnersFloodgate+1 more
Outreach is a sales engagement platform, founded in 2014, that helps sales teams manage customer outreach and improve revenue outcomes.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSales TechSeattle, US
Manny Medina(Founder)inManuel Medina(Founder)Wesley Hather(Executive Officer, Director)Andrew Kinzer(Founder)inGordon Hempton(Founder)inWes Hather(Founder)in
Co-investorsDFJSalesforce VenturesSands Capital Ventures408 VenturesAliya Capital PartnersBonfire Ventures+20 more
Plotly develops open-source data visualization libraries and analytics platforms—including its Plotly graphing library and Dash app framework—for analysts, engineers, and data scientists building interactive charts, dashboards, and data apps.
AI & Machine LearningData & InfrastructureDeveloper Tools
Alex Johnson(Founder)in
Co-investorsIn-Q-TelRho VenturesVanedge CapitalVanedge Capital Limited PartnershipFounderFuel
Marco Zappacosta(Founder)inJeremy Tunnell(Founder)Jonathan Swanson(Founder)Sander Daniels(Founder)
Co-investorsCapitalGCollaborative FundDraper AssociatesFounders Circle CapitalG SquaredJavelin Venture Partners+4 more
Xano provides a governance layer for AI-assisted software development, letting teams set a deterministic ruleset—covering allowed AI skills, required tests, permitted dependencies, auth patterns, environments, and data residency—that every build inherits across both human engineers and AI agents.
AI & Machine LearningDeveloper ToolsSaaSWoodland Hills, US
Jacques Antikadjian(Executive Officer, Director)Sean Montgomery(Executive Officer, Director)Prakash Chandran(Founder)
Co-investorsEngineering Capital
Crunchtime Ops Execution (formerly Zenput) is a software platform that helps multi-unit restaurant operators manage operational tasks, food safety protocols, staff scheduling, inventory, and compliance across locations.
Enterprise SoftwareFoodTechSaaSSan Francisco, US
Vladislav Rikhter(Executive Officer, Director)Vladik Rikhter(Founder)inJohn Clarke Mills(Director)
BoardVijay Nagappan(Director)inGregory Gretsch(Director)in
Co-investorsGlitch CapitalGolub GrowthJackson Square VenturesSummit Peak VenturesVersion One VenturesGoldcrest Capital+1 more
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Zippia is an online job search and career platform that provides personalized job matches, AI-assisted job applications, resume generation, and career research tools such as company reviews, salaries, and industry data.
AI & Machine LearningFuture of WorkHR TechSan Francisco, US
Henry Shao(Co-Founder and CEO)inChris Kolmar(Co-Founder, VP of Marketing)inSunil Singh(Director)Shao K. Henry(Executive Officer, Director)
BoardSunil C. Agrawal(Director)
Co-investorsCorrelation VenturesNextView VenturesPlug and Play VenturesHeadline
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Simply Measured, Inc.Workyard HoldingsKindlyPienza
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 4
1 IPOs · 3 acquisitions · showing 3Grove CollaborativeNYSE: GROVBizibleacq. by MarketoIndiegogoacq. by Gamefound
Portfolio news
latest coverage across their companiesInflection · startupintros.com · Jul 13, 2026
Send Cut Send · sendcutsend.com · May 19, 2026
Keyplay · geekwire.com · Apr 8, 2026
Frequently asked questions
- How many investments has MHS Capital made?
- MHS Capital has 26 tracked investments, 4 of which have exited, including 4 dated in the last 24 months.
- What stage does MHS Capital invest at?
- MHS Capital invests at the Seed, Late Stage stages.
- What is MHS Capital's typical check size?
- MHS Capital typically writes checks of $1M – $3M.
- What sectors does MHS Capital focus on?
- MHS Capital focuses on AI & Machine Learning, Consumer, E-commerce, EdTech, Enterprise Software, Marketing Tech, Media & Entertainment, SaaS.
- Where is MHS Capital located?
- MHS Capital is headquartered in San Francisco, US.
- Does MHS Capital lead rounds?
- MHS Capital typically participates in rounds rather than leading them.
Co-investors · 22
Version One Ventures is an early-stage venture firm that backs mission-driven founders building technology in new markets and categories, supporting them from the earliest stages.
Floodgate is a venture capital fund that backs founders at the earliest stages, positioning itself as their first true believers.
Founders' Co-op is a Seattle-based early-stage venture firm backing technical founding teams building enterprise technology companies, investing at the pre-product, pre-revenue stage.
Jackson Square Ventures (JSV) is an early-stage venture capital firm based in San Francisco that backs founders building software and marketplace companies. Founded in 2011, it has invested more than $700 million across multiple funds.
Madrona Venture Group is a venture capital firm that backs founding teams at the seed, early, and acceleration stages, with a focus on Seattle, the Bay Area, and beyond.
Javelin Venture Partners is an early-stage venture capital firm that invests in unique ideas, people and business models across companies it would personally want to join.
Khosla Ventures is a venture capital firm that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.
Norwest is a venture capital and growth equity investment firm that has backed over 700 companies across technology, consumer, and healthcare over its 65-year history.
Bling Capital is a seed-stage venture firm that helps entrepreneurs find and scale product-market fit, backed by a Product Council of 100+ product leaders.
Scale Venture Partners is an early-stage venture capital firm that partners with AI companies, supporting their transition from founder-led growth to a scalable go-to-market operation.
Bullpen Capital is an early-stage venture firm that has funded over 100 companies, focusing on businesses that have found product-market fit but are overlooked by other investors.
▶10 more co-investors
Catapult CapitalVast VenturesHyperplane Venture CapitalGradient VenturesLightbankHyde Park Venture PartnersSmash CapitalEnsemble VCLearn CapitalMetanoia
Firms observed investing alongside MHS Capital, from public investor directories. Shared companies are the overlap with MHS Capital's recorded portfolio.
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