How many investments has VCFA Group made?

VCFA Group has 25 tracked investments.

What stage does VCFA Group invest at?

VCFA Group invests at the Growth, Late Stage stages.

What is VCFA Group's typical check size?

VCFA Group typically writes checks of $150K – $2.5M.

What sectors does VCFA Group focus on?

VCFA Group focuses on Sector Agnostic.

Where is VCFA Group located?

VCFA Group is headquartered in New York, US.

Who does VCFA Group co-invest with?

VCFA Group most often shares deals with Second Alpha Partners, Drive Capital, Globespan Capital Partners, among 108 tracked co-investors.

VCFA Group

Venture capital

New York · Growth–Late Stage · 11 people tracked

Also known as VENTURE CAPITAL FUND OF AMERICA III, INC.

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Investment thesis

VCFA Group specializes in venture and growth equity secondary transactions, both LP-led and GP-led. It provides liquidity solutions to limited partners and general partners in venture-backed, high-growth companies near liquidity events, focusing on smaller, more complex transactions and lesser-known funds. The firm purchases equity in mature, private, high-growth companies backed by venture capital and growth equity funds, aiming to build diversified, high-quality portfolios that deliver superior returns, near-term liquidity, and broad diversification, with an emphasis on later-stage assets and fund restructurings.

Invests inSector AgnosticNew York United States

Source: firm website, verified Sep 29, 2026.

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Stage

Growth–Late Stage

Check

$150K – $2.5M

New York, New York, US

Instruments

Equity

Founded

1982

AUM

$409.6M

Tracked investments

Team · 11 people

from the firm's website & public directories

Dayton Carr· Founder & Managing Director· London, England, United Kingdomin

Founder and Managing Director of VCFA Group, credited with pioneering the secondary private equity market in 1982. Now deceased.

David Tom· Managing Director· Bronx, New York, United Statesin

Co-leader and owner of VCFA Group with extensive secondary market experience and a long history at the firm.

dtom@vcfa.com

William R. Harman· Managing Director· New York City Metropolitan Areain

William R. Harman is a Managing Director at Venture Capital Fund of America, a private equity firm specializing in venture and growth equity secondary investments. He joined VCFA in 2018 after spending 26 years as a Managing Director at Morgan Stanley. Since his arrival, Harman has contributed to the firm's private equity expansion through fund formation, capital raising, and investment evaluation activities.

wharman@vcfa.com

Andrew Reilly· Managing Director· New York, New York, United Statesin

Managing Director at VCFA Group.

areilly@vcfa.com

Kevin P. Monroe· Head of Capital Formation· New York, New York, United Statesin

Brings over two decades of experience in private markets. Most recently spent 10 years at Champlain Advisors, a global placement firm, leading capital raising across private equity strategies. Previously served as Managing Director at VCFA Group from 2007 to 2012.

Rivka Weinberger· Accountant· New York, New York, United Statesin

Rivka P. Weinberger is a Senior Accountant at VCFA Group, where she has worked for over thirty years overseeing accounts payable and receivable, tax compliance, financial statement preparation, and accounting systems management. She holds a CPA credential and an MBA in Accounting from the University of Phoenix, and previously managed accounting and financial operations for family trusts. In addition to her role at VCFA, she maintains a small tax preparation practice serving individual and small business clients.

Sean Brown· Analyst· New York City Metropolitan Areain

Sean Brown is a Private Equity Analyst at VCFA Group, where he supports the investment team through financial modeling, due diligence, and evaluation of investment opportunities. He also prepares investor relations materials for the firm. Brown holds a B.S. in Economics and Finance with a minor in Data Science from Northeastern University.

Susan Harris· Office Manager· New York, New York, United Statesin

sharris@vcfa.com

Andrew Coke· Vice President· New York, New York, United Statesin

acoke@vcfa.com

Colin Moffet· Associate· New York, New York, United Statesin

cmoffet@vcfa.com

Deena Seelenfreund· CFO/COO· New York, New York, United Statesin

Deena Seelenfreund is Chief Financial Officer and Chief Compliance Officer at VCFA Group, where she oversees financial operations, regulatory compliance, and operational infrastructure since 1990. Her responsibilities include financial statement preparation, audit coordination, tax filings, budget forecasting, and administration of compliance policies for the firm's private equity secondary funds. Prior to joining VCFA, she worked as a Senior Auditor at Arthur Andersen & Co. across multiple industries, and holds a B.S. from NYU's Leonard M. Stern School of Business and CPA licenses in New York and New Jersey.

seelenfreund@vcfa.com

What they invest in

from 22 of 25 portfolio companies

AI & Machine Learning ×10Enterprise Software ×9SaaS ×6Consumer ×5Data & Infrastructure ×5Marketing Tech ×5Direct to Consumer ×4Fintech ×4

HQs:United States×15Netherlands×1

Who they back

founder profiles across 7 portfolio companies

77%

repeat founders

of 13 founders with career history

Where their founders studiedfrom 11 founders with education data

Massachusetts Institute of Technology ×2

What their founders studiedfrom 11 founders with field-of-study data

Computer Science ×7Business & Management ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 13 founders with career history

Stanford University ×2

Investments · 25 tracked

founders shown can be your intro path

By year:2018 · 1 2017 · 1 2015 · 13 dated

Auterraincauterrainc.com

Auterra is a catalyst and process technology developer that creates oil upgrading and desulfurization solutions for treating crude oils and distillates.

CleantechEnergyNew MaterialsSchenectady, US

BitSight Technologiesbitsight.com in 𝕏Jun 2018

Bitsight provides a cyber risk intelligence platform that monitors entities across the internet to identify vulnerabilities and emerging threats in real time.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSCambridge, US

Nagarjuna Venna(Executive Officer, Director)inStephen Boyer(Co-founder & Chief Innovation Officer)inShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)Elizabeth Fischer(Executive Officer)in Brian Cohen(Executive Officer)in

Co-investors33N AlphaDrive Capital Midwest Fund Comcast Ventures Flybridge Capital Partners Globespan Capital Partners +8 more

Creditsightscreditsights.com

CreditSights provides independent credit research, covenant analysis, and financial data to help investors and risk managers make informed decisions on bonds, loans, and related markets.

Data & InfrastructureEnterprise SoftwareFintechNew York, US

Co-investorsLiquidity Capital

DailyPaydailypay.com in 𝕏

DailyPay provides on-demand pay solutions that allow employees to access their earned wages before traditional paycheck cycles, serving employers and workers seeking greater financial flexibility.

Enterprise SoftwareFintechFuture of WorkHR TechSaaSNew York, US

Nelson Chai(Chief Executive Officer)in Deepa Subramanian(Chief Financial Officer)in Andrew Brandman(Chief Operating Officer)in Poulomi Damany(Chief Product Officer)inDavid Dyar(Chief Technology Officer)Jared DeMatteis(Chief Legal & Strategy Officer)in

Co-investors1/1 Capital Access Technology Ventures Anthem Venture Management, Llc Carrick Capital Partners Collective Liquidity EQUIAM +12 more

Elevatesemielevatesemi.com in

Elevate develops advanced CMOS solutions for semiconductor testing, specifically low-power, high-density pin electronics devices that enable test service providers to reduce costs and improve parallel processing capabilities for automated test equipment (ATE).

Deep TechHardwareSemiconductorsSan Diego, US

Patrick Sullivan(Chief Technology Officer)in Jan Gaudestad(Chief Executive Officer)in

Co-investorsPresidio

EndoGastric Solutionsendogastricsolutions.com 𝕏

EndoGastric Solutions offers the Transoral Incisionless Fundoplication (TIF 2.0) procedure and the EsophyX device used to treat GERD, along with reimbursement and technical/administrative support (TAP program) for medical practices.

BiotechHealthtechMedical DevicesSan Mateo, US

Philip Macdonald(Executive Officer)Louis Baldino(Executive Officer, Director)Lilip Lau(Executive Officer)Josh DeFonzo(Executive Officer)in

Board Michael Carusi(Director)inArda Minocherhomjee(Director)

Co-investorsAccelmed Partners Canaan Partners Evidity Health Capital Lightstone Ventures De Novo Ventures FOUNDATION MEDICAL PARTNERS +1 more

Enzymedicaenzymedica.com in 𝕏

Enzymedica manufactures and sells dietary supplements and probiotics designed to support digestive health, joint function, sleep, and stress relief.

ConsumerDirect to ConsumerHealthtechWellness & Fitness

Co-investorsNGEN Partners

Exchange Solutionsexchangesolutions.com in 𝕏

Exchange Solutions provides a cloud-native loyalty and customer engagement platform that helps retailers and B2B businesses increase customer lifetime value through personalized offers and AI-powered gamification.

AI & Machine LearningConsumerE-commerceMarketing TechRetail TechSaaS

Mike Hughes(Chief Executive Officer)in Shane O'Neil(Chief Technology Officer)in Brenda Higuchi(Senior Vice President, Analytics and Optimization)in Susan Kovacic(Vice President, Human Resources)in Rich Stoller(Vice President, Finance)in

Co-investorsAscent Venture Partners Partners for Growth Partners for Growth (PFG)

Freedom Payfreedompay.com inDec 2015

FreedomPay provides a payment orchestration platform that connects to over 1,500 third-party solutions, enabling businesses to manage transactions across POS, mobile, web, and other channels through a single integration.

Enterprise SoftwareFintechSaaSRadnor, US

Thomas E. Durovsik(Executive Officer, Director)

Board Jonathan Ebinger(Director)inMarshall Durston(Director)

Co-investorsBlueRun Ventures Elevate Innovation Partners Savano Capital Partners

Hitsshowshitsshows.com 𝕏

HITS produces a series of equestrian competition events featuring showjumping, hunter/jumper, and dressage competitions held across multiple weeks in various US destinations.

B2B MarketplacesConsumerSports TechKingston, US

Manaprivatelabelmanaprivatelabel.com in

Pebble Postpebblepost.com in 𝕏

PebblePost provides performance marketing technology that combines online and offline data to reach households through connected TV and direct mail campaigns.

AdTechDirect to ConsumerMarketing TechNew York, US

Lewis Gersh(Executive Officer, Director)inBrittany Wolf(Chief Executive Officer)in Robert Victor(Executive Officer, Director)in

Board John Frankel(Director)in John Elton(Director)in

Co-investorsRRE Ventures Advance Venture Partners Alpine Meridian Escalate Capital Partners Ff Venture Capital Greycroft +6 more

Penterapentera.io in 𝕏

Pentera provides automated red teaming software that uses AI-powered attack simulation to test security defenses and identify vulnerabilities in enterprise environments.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise Software

Amitai Ratzon in

Co-investorsAwz Ventures Delta-v Capital Evolution Equity Partners Insight Partners

Pianopiano.io in

Piano provides event tracking and analytics infrastructure serving over 1,000 clients across 12 countries.

AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSAmsterdam, NL

Trevor Kaufman(Executive Officer, Director)inTim Dirrenberger(Executive Officer)Allison Munro(Executive Officer)Kweli Washington(Executive Officer)Alex Franta(Executive Officer)

Board Jon Seeber(Director)in

Co-investors3TS Capital Partners Neulogy Ventures Rittenhouse Ventures Runway Growth Capital Updata Partners

Pixabilitypixability.com in 𝕏

Pixability provides video advertising technology and solutions for the digital advertising and creator economy markets.

AdTechAI & Machine LearningCreator EconomyMarketing TechMedia & Entertainment

Co-investorsBantam Group Boston Harbor Angels Edison Partners Launchpad Venture Group PJC Progress Ventures +1 more

Proofauthenticationproofauthentication.com in

Proof Authentication provides authentication technology used by large enterprise clients, including Fortune 500 companies.

CybersecurityEnterprise Software

Residentresidenthome.com in 𝕏

Resident is a direct-to-consumer mattress company that manufactures and sells memory foam and hybrid mattresses under brands including Nectar, DreamCloud, Awara, and Siena.

ConsumerDirect to ConsumerE-commerceLas Vegas, US

Eric Hutchinson(Co-Founder & CEO)inRan ReskeinCraig SchmeizerinSharon Dagan inTomer Hatavin Scott McLeod(Co-Founder & Chief of Staff)in

Co-investors645 Ventures Conductive Ventures Glynn Capital Management Liquidity Capital Nexus Capital Management Top Corner Capital

Revrev.com in 𝕏

Rev provides AI-powered transcription and document analysis tools for legal teams, helping attorneys extract key facts from audio, video, and document evidence while maintaining strict data privacy and accuracy standards.

AI & Machine LearningGovTechLegalTech

Co-investorsAlumni Ventures Bessemer Venture Partners Foothill Ventures Globespan Capital Partners

Udacityudacity.com in 𝕏

Udacity is an online education platform that offers digital upskilling programs, including Nanodegree certificates and courses, developed with industry leaders to address talent shortages.

AI & Machine LearningEdTech

Sebastian Thrun(Founder (Stanford instructor who started Udacity))in Peter Norvig(Founder (Stanford instructor who started Udacity))in

Co-investorsAndreessen Horowitz Crimson Investment Fund CRV (Charles River Ventures)Drive Capital GV (Google Ventures)InvestX +4 more

UserTestingusertesting.com in 𝕏

UserTesting provides a human insight platform that helps Product, Marketing, Digital, and CX teams at enterprises collect and analyze real human feedback to validate decisions and improve customer experiences.

AI & Machine LearningEnterprise SoftwareImpact & Social GoodMarketing TechSaaSBellevue, US

Basel Fakhoury in

Co-investorsAccel Adams Street Partners Clearstone Venture Partners Dag Ventures Inspiration Ventures Intercept Ventures +4 more

VAST Datavastdata.com in 𝕏

VAST Data builds a global data platform designed to enable AI agents to store, process, and execute tasks.

AI & Machine LearningCloud ComputingData & InfrastructureNew York City, US

Jeff Denworth(Founder)in Renen Hallak(Founder & CEO)inAlon Horev(Founder)in

Co-investors83North Access Ventures (New York)Alpha Square Group Aspire11 Bond Capital Management Cats.vc +15 more

Winewine.com

San Francisco, US

William Tomaszewski(Executive Officer)Gregory Tatem(Executive Officer)David Do(Executive Officer)Henry Baker(Director)Richard Bergsund(Executive Officer, Director)Michael Osborn(Executive Officer)

Wxbrandswxbrands.com

WX Brands develops and sells wine, spirits, and craft beer brands, including proprietary and private-label offerings for retailers such as grocery chains.

ConsumerDirect to ConsumerE-commerceFoodTechBay Area, US

Oliver Colvin(CEO)

Yipit Datayipitdata.com in 𝕏May 2017

YipitData is a data and analytics company that combines proprietary and licensed datasets—such as card transactions, receipts, web data, and app usage—paired with dedicated analysts to deliver market intelligence.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechNew York, US

James Dana Moran(Executive Officer, Director)Vinicius Vacanti(Executive Officer, Director)in

Board William D. Porteous(Director)in Jason Finger(Director)inDan Nova(Director)

Co-investorsboldstart ventures Norwest Venture Partners Omega Venture Partners Carlyle Group Highland Capital Partners RRE Ventures

Other

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

Signaturebrands

Portfolio news

latest coverage across their companies

VAST Data Closes Approx. 1 Billion Series F Funding at 30 Billion Valuation

VAST Data · finsmes.com · Apr 22, 2026

Frequently asked questions

How many investments has VCFA Group made?: VCFA Group has 25 tracked investments.
What stage does VCFA Group invest at?: VCFA Group invests at the Growth, Late Stage stages.
What is VCFA Group's typical check size?: VCFA Group typically writes checks of $150K – $2.5M.
What sectors does VCFA Group focus on?: VCFA Group focuses on Sector Agnostic.
Where is VCFA Group located?: VCFA Group is headquartered in New York, US.
Who does VCFA Group co-invest with?: VCFA Group most often shares deals with Second Alpha Partners, Drive Capital, Globespan Capital Partners, among 108 tracked co-investors.

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