# Spider Capital

Spider Capital is an Asset Manager based in Richmond, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** spidercapital.com

## Regulatory record

- **CRD number:** 149343
- **SEC file number:** 801-70963
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/149343

## About

Spider Management Company is an SEC-registered investment adviser in Richmond, VA, registered since 2010. The firm manages approximately $6.4 billion in regulatory assets. It has 23 employees and 10 investment advisers.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Manufacturing
- Supply Chain
- Transportation
- Healthcare Services
- Government
- Energy Transition & Renewables
- Financial Services
- Construction
- Mining
- Robotics & Automation
- Cybersecurity

## People

- Michael Neril — Founder & Managing Partner
- Minsoo Chi — Partner
- David Berman — Operating Partner
- Neal Goldman — Operating Partner
- Judy Loehr — Operating Partner
- Philippe Suchet — Venture Partner
- Matt Fisher — Venture Partner

## Questions

### Who runs investment decisions at Spider Capital?

Founder and managing partner Michael Neril leads the investment strategy, supported by partner Minsoo Chi and a bench of operating partners including David Berman, Neal Goldman, and Judy Loehr. The firm structures its decision-making to lean heavily on the operator experience of its partners, who collectively founded over ten enterprise startups before moving into venture capital. Deal sourcing and diligence are distributed among the partnership, with Neril holding final authority on allocations.

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

Spider Capital invests exclusively in direct seed-stage equity deals. The firm does not market itself as a fund-of-funds and has not publicly disclosed participating in any outside venture fund commitments. Its model is built around concentrated, early ownership positions in enterprise and applied AI startups, with the operating team directly intervening on go-to-market, hiring, and board governance.

### How does Spider Capital source its deals?

Spider leans on the enterprise networks of its operating partners—former senior leaders from Cisco, Salesforce, LiveOps, and Zoom—to generate early visibility into founders building for industrial sectors. The firm also markets itself to founders as a substitute for a first outside board member, which serves as a sourcing funnel by attracting engineers and domain experts who need go-to-market expertise rather than just capital.

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Last updated: 2026-06-28T01:52:39.334Z

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