# Lens Flow Capital

Lens Flow Capital is a RIA based in Los Angeles, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Assets under management:** Undisclosed
- **Website:** lensflowcapital.com

## Regulatory record

- **CRD number:** 328374
- **SEC file number:** 802-128919
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328374

## About

LENS FLOW CAPITAL is an exempt reporting adviser, established in 2023. It offers investment advisory services.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Industrial Tech
- SpaceTech
- Mobility & Transportation

## People

- Delian Asparouhov — Principal

## Questions

### Who makes investment decisions at Lens Flow Capital?

Delian Asparouhov is the sole decision-maker. He sources, evaluates, and executes all investments personally, drawing on the deal flow and diligence resources available through his partner role at Founders Fund. There is no investment committee or external advisory board.

### How does Lens Flow Capital source deals?

Deal flow comes almost entirely through Asparouhov's personal network. His position at Founders Fund, his visibility as a prominent voice in the American dynamism movement, and his relationships across the Y Combinator and defense-tech communities create an inbound funnel of early-stage deep-tech founders. The office does not rely on brokers, placement agents, or formal sourcing programs.

### What stages and sectors does Lens Flow Capital target?

Lens Flow concentrates on seed and early-stage rounds in frontier technology. Core sectors include aerospace, defense, industrials, manufacturing, and applied AI — companies building physical-world solutions rather than pure software. The office avoids consumer internet, enterprise SaaS without a hardware component, and anything outside Asparouhov's technical expertise.

### Does Lens Flow Capital accept outside capital or operate as a fund?

No. Lens Flow is strictly Asparouhov's personal capital. It does not raise funds, accept LP commitments, or manage money for other families. Every investment is direct equity from his personal balance sheet, funded through partner compensation and carried interest from Founders Fund rather than inherited wealth.

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- [Forsythia Financial](https://altss.com/profile/forsythia-financial)
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Last updated: 2026-08-14T12:30:00.000Z

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