Active: new fund Aug 2026 Verified 5 Nov 2026
Human Capital
San Francisco investment firm that backs founders and helps portfolio companies build teams, with a portfolio spanning AI, defence, fintech, health and space companies.
- Type
- VC firm
- Location
- San Francisco, California, United States
- Backs
- B2B software, Medtech and digital health
- Sectors
- Healthtech and life sciences, AI, Fintech
- Fund size / AUM
- $500M HCM V (Form D offering, 2022); $4.20B gross private fund assets (Form ADV; private funds: 40, of which venture capital: 40)
- Latest fund or filing
- 11 Aug 2026
- Portfolio mix
- B2B software 29%; Medtech and digital health 25%; Hardware 14%; Fintech 11%; Biotech and pharma 7%; Climate and energy 4%; Real assets 4%; Tech-enabled services 4%; Consumer products 4% (n=28)
- Website
- human.capital
Fund filings (SEC Form D)
- Latest fund on file
- HCM VII
- Filed
- 11 Aug 2026 (new notice)
- Fund size
- Not disclosed on the filing
- Fund vehicles filed in the last 12 months
- 21 (includes feeder and parallel vehicles)
See this fund's filings on SEC EDGAR
Contacts on file
For Human Capital, the paid file holds: 8 named decision-makers with roles.
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Notable investments
AndurilBrexSnowflakeSpaceXKalshi
Sources
- adviserinfo.sec.gov/firm/summary/296844
- human.capital/
- human.capital/portfolio
- www.sec.gov/Archives/edgar/data/1904193/000190419322000002/
- human.capital/about
- www.sec.gov/Archives/edgar/data/2149292/000214929226000001/
Last checked 5 Nov 2026. Is something wrong? Tell us.
Appears in 24 lists
Medtech investors in the San Francisco Bay Area (79)Medtech investors in California (95)Fintech investors in the San Francisco Bay Area (148)Healthtech investors in the San Francisco Bay Area (188)Fintech investors in California (199)Healthtech investors in California (248)Medtech venture capital firms in the US (356)SaaS investors in the San Francisco Bay Area (356)AI investors in the San Francisco Bay Area (382)SaaS investors in California (442)Medtech investors (463)AI investors in California (482)Fintech venture capital firms in the US (539)Healthtech venture capital firms in the US (723)Venture capital firms in the San Francisco Bay Area (816)Fintech investors (860)SaaS venture capital firms in the US (1,066)Venture capital firms in California (1,090)AI venture capital firms in the US (1,140)Healthtech investors (1,220)SaaS investors (1,544)AI investors (1,604)Active venture capital firms in the US (1,635)Venture capital firms in the US (3,066)