# Goat Rodeo Capital

Goat Rodeo Capital is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** goatrodeocapital.com

## Regulatory record

- **CRD number:** 321075
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-01T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/321075

## About

Goat Rodeo Capital is a venture capital fund investing in early-stage companies in the Alcohol Beverage space. The firm has made 28 investments, including a Series A investment in ZBiotics on April 09, 2024. Goat Rodeo Capital has one portfolio exit, Speakeasy, which exited on September 10, 2024.

## Sectors

- Venture Capital
- Enterprise Software
- Consumer Tech
- Digital Health

## Questions

### How is Goat Rodeo different from a typical VC firm?

Goat Rodeo operates with a family-partnership structure rather than a large LP base, which enables concentrated positions and patience that institutional funds with shorter deployment cycles cannot offer. The Ellmans' blended background — institutional venture discipline from RRE Ventures combined with family-office flexibility — gives the firm a time horizon mismatch advantage over traditional early-stage managers.

### Where is Goat Rodeo Capital's geographic focus?

The firm invests predominantly in the San Francisco Bay Area, the world's densest seed-stage market for enterprise technology companies. It also selectively covers New York, reflecting Ellman's deep prior relationships in that market from his years at RRE Ventures.

## Related profiles

- [Goat Capital](https://altss.com/profile/goat-capital)
- [Go Big Partners](https://altss.com/profile/go-big-partners)

---

Last updated: 2026-06-28T01:56:04.271Z

Canonical page: https://altss.com/profile/goat-rodeo-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology