# Grayhawk Capital

Grayhawk Capital is a Private Equity based in Scottsdale, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Scottsdale, United States
- **Region:** North America
- **Address:** Scottsdale, AZ, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.grayhawkcapital.us
- **LinkedIn:** https://www.linkedin.com/company/grayhawk-capital_102686

## Regulatory record

- **CRD number:** 330681
- **SEC file number:** 802-130420
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/330681

## About

Grayhawk Capital provides venture capital and creates value for innovative technology companies. The firm manages $200 mm in assets across 3 venture funds. Grayhawk companies are valued at over $4 bn.

## Sectors

- Enterprise Software
- Cybersecurity
- FinTech
- AI/ML

## People

- Brian Burns — Managing Partner
- Sherman Chu — Managing Partner

## Questions

### Who runs investment decisions at Grayhawk Capital?

Investment decisions are made by Managing Partners Sherman Chu and Brian Burns. Chu's background spans corporate law and multiple software startups; Burns brings enterprise sales and marketing leadership experience. Both partners sit on the boards of multiple portfolio companies and maintain a flat decision-making structure.

### Does Grayhawk Capital invest nationally, or is there a geographic focus?

The firm concentrates on the Mountain West and Southwest — particularly Arizona, Colorado, Utah, and Texas — though it will invest in California companies that fit the thesis. Grayhawk prioritizes B2B software founders outside of the traditional coastal venture hubs, seeking capital-efficient companies in under-networked markets.

### What stage does Grayhawk Capital target?

Grayhawk primarily targets Series A rounds, with selective late-seed participation. Initial check sizes range from $2 million to $5 million. The firm reserves significant reserves for pro-rata follow-on investing, sometimes continuing through Series C before seeking exit.

### What sectors does Grayhawk Capital explicitly avoid?

The firm does not pursue hardware, consumer internet, life sciences, or capital-intensive industrial technology. Its focus is tightly restricted to B2B enterprise software, with an evolved emphasis on vertical SaaS, cybersecurity, fintech, and applied AI.

## Related profiles

- [Gray Ghost Ventures](https://altss.com/profile/gray-ghost-ventures)
- [Graylight Partners](https://altss.com/profile/graylight-partners)

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Last updated: 2026-08-11T15:06:57.816Z

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