# Palm Drive Capital

Palm Drive Capital is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.palmdrive.vc
- **LinkedIn:** https://www.linkedin.com/company/palm-drive-ventures

## Regulatory record

- **CRD number:** 284014
- **SEC file number:** 801-114711
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-06T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/284014

## About

Palm Drive Capital is an SEC-registered investment adviser in New York, NY, registered since 2019. The firm manages approximately $376 million in regulatory assets. It has 7 employees and 6 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- SpaceTech
- Mobility & Transportation
- Gaming
- Marketplace

## Offices

- San Francisco, CA

## People

- Hendrick — Investor
- Seamon — Investor
- Nick — Investor

## Questions

### Who runs investment decisions at Palm Drive Capital?

The firm's website identifies Hendrick, Seamon and Nick as the partnership that makes investment decisions. Founder testimonials consistently reference Hendrick as the primary decision-maker, with Seamon and Nick also named individually. The firm describes an internal culture of debate — they challenge each other before every commitment — and states that once a bet is made, the entire partnership shows up for the founder.

### What investment stages does Palm Drive Capital target?

Palm Drive targets pre-seed and seed rounds and often acts as the first institutional investor. Several portfolio founders — including Carta, Zania, Mara and Valley Steer — describe receiving their first check from Palm Drive. The firm also participates in follow-on rounds, with companies such as Clipto.AI and Misprint reporting that Palm Drive doubled down in subsequent financings.

### Which sectors does Palm Drive Capital invest in?

The firm runs a generalist early-stage strategy. Confirmed portfolio companies span enterprise software (Carta, Frame, Bench, doDOC), fintech (Novig), space (Spire Global, AstroForge), mobility (Moove), gaming infrastructure (GGWP), AI-native tools (Mastra, Clipto.AI, Louisa AI) and marketplaces (Misprint, Chowdeck, Dreamcraft). There are no publicly stated sector exclusions.

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

All available evidence points to a direct-investment model focused on company-level equity checks. The firm's own materials make no mention of fund-of-fund commitments or LP positions in other venture funds, and founder testimonials consistently describe receiving direct investment from Palm Drive.

### How does Palm Drive Capital source deal flow?

Sourcing relies heavily on the partnership's personal network and referrals. Founders refer to the firm's strength in relationship mapping — Louisa AI's CEO noted Palm Drive lives by 'the power of who-knows-who' — and several portfolio companies report being introduced through mutual connections. The firm does not publicly disclose a systematic origination or platform team.

## Related profiles

- [Palm Beach Capital](https://altss.com/profile/palm-beach-capital-management-iii)
- [Palmer Knight](https://altss.com/profile/palmer-knight)

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

Canonical page: https://altss.com/profile/palm-drive-capital

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