# Spindletop Capital

Spindletop Capital is a Private Equity based in Austin, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** 3571 Far West Blvd. Suite 108 Austin, TX 78731, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** spindletopcapital.com
- **LinkedIn:** https://www.linkedin.com/company/spindletop-capital

## Regulatory record

- **CRD number:** 162387
- **SEC file number:** 802-131610
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162387

## About

Spindletop Capital is an exempt reporting adviser in Austin, Texas, established in 2024. It is headquartered in Texas.

## Sectors

- Healthcare Services
- Digital Health
- Medical Devices
- Specialty Pharmaceuticals
- Molecular Diagnostics

## People

- Dr. Evan Melrose — Managing Director
- Steve Whitlock — Managing Director
- Dr. Kelly Huang — Managing Director
- Shannon Rothschild — Managing Director
- Jim Henry — Managing Director
- Dr. Robert McDonald — Operating Partner
- Stephen Hipp — Managing Director (In Memoriam 1967 - 2023)

## Questions

### Does Spindletop invest in early-stage healthcare companies?

No. Spindletop explicitly targets commercial-stage and profitable healthcare businesses where technical, regulatory, and commercial risks have been largely mitigated. The firm pursues a venture growth capital strategy — expansion capital, buyouts, and corporate spin-outs — rather than seed or Series A investments in pre-revenue biotech or medtech startups.

### What healthcare sectors does Spindletop explicitly invest in?

Spindletop is diversified across healthcare sectors including medical devices, molecular diagnostics, specialty pharmaceuticals, digital health, physician practice management, and tech-enabled services. Portfolio examples include Sanova Dermatology (physician practice management), Bioventus (medical devices), Castle Biosciences (molecular diagnostics), and Navigating Cancer (digital health).

### How does Spindletop source its investments?

Spindletop cites deep Texas resources and research institutions as a proprietary advantage for sourcing healthcare opportunities nationwide. The firm also emphasizes relationships with entrepreneurs and syndicate investment partners, positioning itself as a sought-after co-investor due to industry and financial expertise. Specific institutional partners and sourcing channels beyond Texas are not publicly detailed.

### Does Spindletop Capital manage a single fund or multiple vehicles?

The firm's website describes Spindletop as a "national fund" but does not disclose fund structures, vintages, or whether it has raised multiple vehicles. The offering includes direct equity, co-investment, direct secondaries, and management buyouts. Absent public fund documentation, the exact vehicle architecture remains undisclosed.

## Related profiles

- [Spinach Angels](https://altss.com/profile/spinach-angels)
- [Spinel Capital](https://altss.com/profile/spinel-capital)

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Last updated: 2026-08-14T12:30:00.000Z

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