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Capstone Ventures
Capstone Ventures is an early-stage venture firm co-founded by David Rothenberg, investing in enterprise software and deep tech.
Capstone Ventures
Capstone Ventures focuses on real estate and private investing, specializing in hard money lending and related activities. The firm has made 23 investments, including a Seed VC investment in Absolute Brands on December 13, 2023. Capstone Ventures has 8 portfolio exits, with Fuze exiting on December 01, 2021.
General information
Firm type
Venture Capital
Year founded
2009
AUM
$200-500 million (Altss estimate)
Location
Region
North America
Country
United States
City
Menlo Park
Corporate office
Menlo Park, CA, United States
Additional offices
Boston, MA, United States
Principals
David Rothenberg
Founder & Managing Partner
Dan Ahn
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Capstone Ventures?
David Rothenberg, Founder & Managing Partner, leads investment decisions. He is supported by Partner Dan Ahn. The firm operates with concentrated deal authority, not a large committee. (per public record)
What investment stages does Capstone Ventures typically target?
Capstone Ventures focuses on seed and Series A rounds, often leading rounds in early-stage enterprise companies. It occasionally participates in Series B for existing portfolio companies. (per public record)
Which sectors does Capstone Ventures explicitly avoid?
Capstone avoids life sciences, consumer internet, and most fintech. It prioritizes deep tech, including enterprise software, hardware, robotics, and AI. This negative thesis is consistent across its portfolio. (per public record)
How does Capstone Ventures source proprietary deal flow?
The firm relies on direct founder relationships and its network of institutional co-investors. Its small team size and focus on niche deep tech categories narrow competition for high-quality deals. (per public record)
Is Capstone Ventures structured as a family office or a venture firm?
Capstone Ventures operates as an independent venture capital firm, not a single or multi-family office. It raises capital from institutional limited partners, though specific LPs are not disclosed. (per public record)
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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