# Fjell Capital

Fjell Capital is a RIA based in Fargo, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Fargo, United States
- **Region:** North America
- **Address:** Fargo, ND, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** fjellcapital.com
- **LinkedIn:** https://www.linkedin.com/company/fjellcapital

## Regulatory record

- **CRD number:** 327541
- **SEC file number:** 801-128577
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327541

## About

FJELL CAPITAL is an SEC-registered investment adviser in Fargo, ND, registered since 2023. The firm manages $187 million in assets under regulation. It has 4 employees and 3 investment advisers.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Consumer

## People

- Andrew P. Koehl — Founder & CEO
- Benefit Koehl — Member, Investment Committee

## Questions

### Does Fjell Capital participate in fund commitments or only direct deals?

Fjell Capital primarily executes direct deals through equity and SAFE agreements in early-stage companies, rather than allocating to a diversified set of venture fund managers. The firm's website and portfolio disclosures reflect only direct company positions, though it has noted an opportunistic posture toward secondary transactions in some communications.

### What investment stages does Fjell Capital typically target?

The firm focuses on pre-seed through Series A, with an emphasis on companies that have a technical founder and a clear product thesis in enterprise software, AI/ML, or fintech. It will occasionally evaluate secondary positions in later-stage companies when the opportunity aligns with its sector lens.

## Related profiles

- [Prepared Financial Planning](https://altss.com/profile/prepared-financial-planning)
- [Her Personal Finance](https://altss.com/profile/her-personal-finance)

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Last updated: 2026-07-06T01:24:16.694Z

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