MHS Capital
Venture capitalActively deployingSan Francisco · Seed–Late Stage · 2 people tracked
Also known as MHS CAPITAL MANAGEMENT III, LLC · MHS CAPITAL MANAGEMENT, LLC · MHS Capital Partners · MHS Capital Partners CE · MHS Capital Partners IN · MHS Capital Partners ST
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 Aug 25, 2026.
Team · 2 people
from public directories
What they invest in
from 11 of 15 portfolio companiesAI & Machine Learning ×4SaaS ×3AgTech ×2Circular Economy ×2Data & Infrastructure ×2E-commerce ×2Hardware ×2IoT ×2
HQs:United States×13
Investments · 15 tracked
founders shown can be your intro pathBy year:2026 · 32024 · 12021 · 12018 · 12017 · 22015 · 19 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)inChristopher Clark(Director)Chris Clark(Director)Jordan Savage
BoardJeff Crowe(Director)Tim Chang(Director)
Board seatMark Sugarman· per SEC Form D · $15.5M raise · filed Apr 2017
Co-investors500 GlobalBullpen CapitalForefront VentureGlynn Capital ManagementGutbrain VenturesHemisphere Ventures LLC+7 more
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)Brad Kagawa(CTO)
Co-investorsFounder CollectiveSusa VenturesAbstract VenturesLauder PartnersLightShed VenturesPreface Ventures
San Francisco, US
Igor Lebovic(Executive Officer, Director)Erik Fantasia(Executive Officer, Director)
Board seatMark Sugarman· per SEC Form D · $5.4M raise · filed Jan 2018
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(CEO & Founder)inJames Ryan Belosic(Chief Executive Officer)Jim Belosic(Founder)inJake(CTO)Erin Belosic(President)Jacob Graham(Chief Technology Officer)
Board seatMark Sugarman· per SEC Form D · $110M raise · filed May 2026
Co-investorsHorizonParadigmSummit Peak InvestmentsSequoia Capital
Seattle, US
Board seatMark Sugarman· per SEC Form D · $4.7M raise · filed Oct 2015
Walnut, US
Samantha Wong(Director)Alexandra De Bonis(Director)Nicolas De Bonis(Executive Officer, Director)
Board seatMark Sugarman· per SEC Form D · $2.8M raise · filed Dec 2017
Auto Hauler Exchange (AHX) is an online vehicle transport platform that connects shippers directly with vetted, continuously monitored carriers, removing brokers while providing verification, real-time tracking, pricing insights, and fraud prevention.
Logistics & Supply ChainMarketplacesMobility & TransportationRochester, US
Royce Neubauer(Executive Officer, Director)
BoardBert Amato(Director)inVijay Nagappan(Director)
Co-investorsGolden Ventures
Seattle, US
Daniel Todd(Director)Aaron Bird(Executive Officer, Director)
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 LearningIoTNewton 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-investorsTall Grass VenturesHyperplane Venture CapitalService Provider CapitalSlow Ventures
Farmblox provides a platform that connects in-field sensors and farm equipment to a mobile and web app, letting farmers monitor remote farmland, detect issues like leaks and equipment failures, and trigger automated fixes.
AgTechAI & Machine LearningHardwareIoT
Nathan Rosenberg(Founder)in
Co-investorsHyperplane Venture CapitalService Provider CapitalSlow Ventures
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)SUNIL GOWDA(Executive Officer, Director, Promoter)
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
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-investorsRho VenturesVanedge CapitalVanedge Capital Limited Partnership
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)John Clarke Mills(Director)
BoardVijay Nagappan(Director)inGregory Gretsch(Director)in
Co-investorsGolub GrowthJackson Square VenturesSummit Peak VenturesGoldcrest Capital
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
Sunil Singh(Director)Shao K. Henry(Executive Officer, Director)
BoardSunil C. Agrawal(Director)
Co-investorsCorrelation VenturesNextView Ventures
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 · 1
IPOs and acquisitions across the tracked portfolioGrove CollaborativeNYSE: GROV
Portfolio news
latest coverage across their companiesFarmblox · santacruzworks.org · Aug 20, 2026
Farmblox · santacruzworks.org · Aug 20, 2026
Send Cut Send · thefabricator.com · Jul 16, 2026
Memo · businessinsider.com · Mar 25, 2026
Frequently asked questions
- 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 · 21
Norwest Venture Partners is an investment firm whose growth equity team backs private, profitable, fast-growing companies, providing capital and hands-on support through its 'invited guest' approach.
Madrona Venture Group is a Seattle-founded venture firm that partners with founders across early and acceleration stages, providing capital plus hands-on support in recruiting, strategy, business development, and fundraising.
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.
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.
Vast Ventures is a venture fund that invests in disruptive companies aiming for global impact.
Hyperplane is a venture capital firm that writes first checks into early-stage companies applying AI to industry workflows, infrastructure, and the physical world.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
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.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.
Bling Capital is a seed-stage venture firm that backs entrepreneurs seeking to find and scale product-market fit, supported by its Bling Product Council of over 100 product leaders.
▶9 more co-investors
FloodgateLightbankHyde Park Venture PartnersJavelin Venture PartnersSmash CapitalEnsemble VCVersion One VenturesLearn 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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