# Human Capital

Human 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:** 2020
- **Assets under management:** Undisclosed
- **Website:** human.capital
- **LinkedIn:** https://www.linkedin.com/company/humancapital7

## Regulatory record

- **CRD number:** 296844
- **SEC file number:** 801-119165
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/296844

## About

Human Capital is an SEC-registered investment adviser in San Francisco, CA, registered since 2020. The firm manages approximately $4.4 billion in regulatory assets. It has 39 employees and 15 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Digital Health
- Robotics & Automation
- Mobility & Transportation
- ClimateTech

## People

- Baris Akis — Co-Founder & Managing Partner

## Questions

### Who runs investment decisions at Human Capital?

Baris Akis, Co-Founder and Managing Partner, leads investment decisions at Human Capital. Akis previously worked at Foundation Capital before building Human Capital's dual venture-fund and talent-platform model. The firm operates with a lean partnership structure and has not publicly named additional general partners or investment committee members.

### How does Human Capital's talent-network model actually work for deal sourcing?

Human Capital maintains a proprietary database of software engineers and a network of scouts embedded in major technology companies. Engineers in the network surface early-stage deals, join founding teams, and direct capital toward startups they evaluate as having technical merit. This talent-placement flywheel generates proprietary deal flow that the firm argues is less crowded than traditional VC partner networks, since engineers see technical founders and products before institutional investors do.

### Is Human Capital a venture capital firm, a recruiting agency, or something else?

Human Capital operates as a hybrid: a registered investment adviser that runs a venture capital fund alongside a talent-matching platform. The talent platform functions as both a sourcing engine for investments and a standalone operating business that places engineers at portfolio and non-portfolio companies. This dual structure means the firm competes with seed-stage VCs for deals while also competing with technical recruiting firms for engineering talent.

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

Human Capital invests directly into early-stage and seed-stage technology companies and does not publicly market a fund-of-funds program. The firm's primary vehicle makes direct equity investments, occasionally leading rounds as demonstrated by its Series A participation in Settle in 2022. There is no public record of the firm allocating capital to outside venture funds as a limited partner.

## Related profiles

- [Humain Ventures](https://altss.com/profile/humain-ventures)
- [Humania Capital](https://altss.com/profile/humania-capital)

---

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

Canonical page: https://altss.com/profile/human-capital

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