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October Capital
October Capital was established in 1999 by Ron LeMay and his son Lance LeMay. The office manages capital generated from Ron LeMay’s career at Sprint and later...
October Capital
October Capital was established in 1999 by Ron LeMay and his son Lance LeMay. The office manages capital generated from Ron LeMay’s career at Sprint and later technology activities. The firm targets early-stage, seed, Series A, Series B and growth opportunities. It deploys through direct co-investments and SPVs. Confirmed holdings include Ripple Labs. Co-investors have included Adams Street Partners in MachineryLink. Activity centers on North America. No headcount or additional offices appear in available records. Adjacent vehicles include OpenAir Equity Partners and Razorback Capital, both managed by Ron LeMay. The LeMay Family Foundation handles separate philanthropic activity. No operational events from the last 24 months are recorded. The office maintains close operational overlap with OpenAir Equity Partners, creating a hybrid structure that combines family capital with a venture platform under shared leadership.
General information
Firm type
Single Family Office
Year founded
1999
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
Kansas City, MO, United States
Principals
Ron LeMay
Managing Director and Co-Founder
Lance LeMay
Managing Director and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at October Capital?
Ron LeMay and Lance LeMay serve as managing directors and co-founders. Lance LeMay leads the majority of the firm’s venture investments.
How is October Capital related to OpenAir Equity Partners?
OpenAir Equity Partners is a venture capital firm co-founded by Ron LeMay that shares significant portfolio overlap and management with October Capital.
Does October Capital participate in fund commitments or only direct deals?
The firm invests through direct co-investments and SPVs in startups.
What investment stages does October Capital typically target?
October Capital focuses on early stage, seed, Series A, Series B and growth opportunities.
Where does the underlying wealth come from?
Assets stem from Ron LeMay’s success as president and COO of Sprint and subsequent technology ventures.
Does October Capital maintain philanthropic structures?
The LeMay Family Foundation operates as a separate philanthropic vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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