# Lacuna Gap Capital

Lacuna Gap Capital is a Private Equity based in Boulder, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boulder, United States
- **Region:** North America
- **Address:** Boulder, CO, United States
- **Assets under management:** $10M - $50M (Altss estimate)
- **Website:** lacunagap.com

## Regulatory record

- **Reports private funds:** No

## About

Lacuna Gap Capital is a private equity firm based in Boulder, US. It focuses on a Venture Capital strategy.

## Sectors

- Enterprise Software
- AI/ML
- ClimateTech
- Digital Health
- FinTech

## People

- John Huhn — Managing Partner & Founder
- Michael Brown — Partner & Co-Founder

## Questions

### Who runs investment decisions at Lacuna Gap Capital?

Investment decisions are made by managing partner John Huhn and partner Michael Brown, who co-founded the firm. Both have operating backgrounds in the Boulder startup ecosystem. The partnership structure is flat, with no junior investment professionals authorized to write solo checks. All capital calls and deal approvals require both partners' sign-off, which keeps the portfolio concentrated and conviction-weighted.

### How does Lacuna Gap Capital source proprietary deal flow?

Lacuna sources almost entirely through the partners' personal networks in the Mountain West technical community — relationships built over decades in Boulder's startup ecosystem, the University of Colorado engineering and computer science programs, and the region's federal research labs. The firm does not rely on inbound pitch decks or demo-day sourcing. Its deal flow is concentrated among founders who have cycled through local outposts of large technology companies or who are alumni of the university's technical departments.

### Which sectors does Lacuna Gap Capital explicitly avoid?

Lacuna has never invested in consumer social media, crypto, or traditional retail. The firm's technical diligence framework — drawn from the partners' engineering and operating backgrounds — steers them toward enterprise software, AI/ML, climate technology, digital health, and fintech, where product-market fit can be stress-tested through code and unit economics rather than brand momentum.

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

Lacuna invests exclusively through direct equity positions in operating companies, not through fund-of-funds commitments or secondary purchases. The firm does not allocate to external managers. All capital is deployed directly into portfolio companies where the partners take board seats or active observer roles, maintaining hands-on engagement with each investment.

## Related profiles

- [Labs/02](https://altss.com/profile/labs02)
- [Lafayette Equity Partners](https://altss.com/profile/lafayette-equity-partners)

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Updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/lacuna-gap-capital

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