# FOD Capital

FOD Capital is a Multi Family Office based in Key West, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Key West, United States
- **Region:** North America
- **Address:** Key West, FL, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** fodcapital.com
- **LinkedIn:** https://www.linkedin.com/company/fod-capital

## Regulatory record

- **Reports private funds:** No

## About

FOD Capital was organized in December 2017 by Donald Foss and Michael Raymond. Foss built Credit Acceptance into a subprime auto lender. Raymond contributed four decades of corporate finance experience at Dickinson Wright PLLC. The office sits in Key West and uses those origins to access proprietary opportunities. The firm executes direct co-investments and SPVs alongside private credit and real estate. It favors profitable growth companies with foreseeable exits and deploys across early and growth stages. Confirmed holdings include Amwell, Arcimoto, F45 Training, Sonder, and Zymergen. Activity centers on North America with additional exposure through hospitality assets in Florida. The team remains small and centered on the founding principals. FOD maintains The Perry Hotel & Marina in Key West and The Perry Hotel Naples. Adjacent vehicles include the Foss Family Foundation and Birch Rock Camp. Donald Foss passed in August 2022; Michael Raymond continues as managing director. FOD differentiates through an SPV model that pairs family capital with external operators such as Mark Wahlberg in MWIG LLC. The structure allows 65 percent ownership in select fitness holdings while preserving direct control over real-asset projects like Pelagic Marina.

## Sectors

- Sports & Wellness
- Mobility & Transportation
- Digital Health
- Gaming
- PropTech
- Healthcare Services
- Industrial Tech
- AgriTech & FoodTech
- Media & Entertainment

## People

- Donald Foss — Founder
- Michael Raymond — Founder / Managing Director
- Michael T. Raymond — Principal

## Questions

### Who runs investment decisions at FOD Capital?

Michael Raymond serves as managing director and principal. He oversees deal selection alongside family members and business partners.

### How does FOD Capital source proprietary deal flow?

The firm relies on networks developed by Donald Foss at Credit Acceptance and Michael Raymond at Dickinson Wright. Additional flow arrives through like-minded family offices and direct operator relationships.

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

FOD executes direct equity investments and structured debt through SPVs. It does not commit to external funds as a primary strategy.

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

The office focuses on early-stage seed and start-up opportunities as well as growth-stage companies with mid-term holding periods.

### Does FOD Capital maintain philanthropic structures, and how are they separated?

The Foss Family Foundation and Birch Rock Camp operate alongside the investment office. These vehicles remain distinct from portfolio holdings.

### What is FOD Capital's known posture on co-investments alongside external GPs?

FOD frequently structures co-investments through SPVs, including a 65 percent stake in MWIG LLC alongside Mark Wahlberg for F45 Training.

## Related profiles

- [FOBS Family Office](https://altss.com/profile/fobs-family-office)
- [Folloe Capital Investors](https://altss.com/profile/folloe-capital-investors)

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Last updated: 2026-06-03T20:00:00.000Z

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