Venture capital in Washington, DC
23 venture firms are based in Washington, DC, from SEC filings and the fund index. Below them are Washington, DC’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How Washington, DC ranks for startup raises and new funds: its Venture Ecosystem Index page.
On this page: 23 venture firms 1 new fund 42 other sources of capital 20 LPs.
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Venture firms based in Washington, DC
23 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.
| # | Adviser | Location | Venture funds | Private fund assets | Registered |
|---|---|---|---|---|---|
| 1 | Updata PartnersUpdata Management, LLC | Washington, D.C. | 10 | $2.6B | 2012 |
| 2 | Centerharbor Canapi Ventures Investment Advisor LLP | Washington | 4 | $1.3B | 2019 |
| 3 | Quona Capital Management LLC | Washington | 9 | $1B | 2015 |
| 4 | Construct CapitalConstruct Capital Management, LLC | Washington | 8 | $895M | 2020 |
| 5 | Abs CP, Inc. | Washington | 5 | $718M | 2021 |
| 6 | Revolution Ventures Management Company, Inc. | Washington | 2 | $268M | 2013 |
| 7 | Avenue Growth Partners LLC EmergingAvenue Growth Partners Management LLC | Washington | 3 | $240M | 2021 |
| 8 | Rotr Management Company, Inc. Emerging | Washington | 2 | $209M | 2018 |
| 9 | Zeal Capital Management, LLC Emerging | Washington DC | 4 | $192M | 2021 |
| 10 | Revolution Growth Management Company, Inc. Emerging | Washington | 3 | $190M | 2013 |
| 11 | C5 Capital USA LLC Emerging | Washington | 9 | $185M | 2024 |
| 12 | Euphrates AdvisorsEuphrates Advisors LLC | Washington | 1 | $539M | 2022 |
| 13 | Accion Impact Management LLC Emerging | Washington | 2 | $238M | 2022 |
| 14 | Ardent Venture Partners, LLC Emerging | Washington | 4 | $106M | 2022 |
| 15 | Arborview Capital EmergingArborview Capital LLC | Washington | 3 | $92M | 2021 |
| 16 | Fenway Summer Investment Management LLC Emerging | Washington | 4 | $82M | 2015 |
| 17 | Starbridge Venture Capital LLC Emerging | Washington | 11 | $68M | 2022 |
| 18 | Resiliencevc EmergingResiliencevc LLC | Washington | 2 | $58M | 2023 |
| 19 | Epsilon Health Investors, LLC Emerging | Washington DC | 5 | $43M | 2023 |
| 20 | Working Capital EmergingWorking Capital Management LLC | Washington D.C. | 2 | $39M | 2021 |
| 21 | Black Economic Alliance Ventures, LLC Emerging | Washington | 1 | $30M | 2024 |
| 22 | I2i Ventures EmergingI2i Ventures GP LLC | Washington | 1 | $7.6M | 2025 |
| 23 | Village Capital EmergingVilcap Inc | Washington | 1 | $2.9M | 2026 |
New funds raising from Washington, DC
1 venture funds managed from Washington, DC started raising in 2025 or later and filed a Form D since October 2025: managers with new money to invest. Amounts are as each fund’s latest Form D reports them, newest filing first.
| Fund | Manager | Started | Raised so far | Target | Latest filing |
|---|---|---|---|---|---|
| Working Capital Innovation Fund III, L.P. | Working Capital | 2026 | $24M | $100M | June 10, 2026 |
Other sources of capital in Washington, DC
17 community development lenders, 11 union pension plans, 4 corporate pension plans, 4 SBICs, 2 placement agents, 2 pension master trusts, 1 angel group, and 1 venture debt lender. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| Citrine Angels | Washington | Washington, DC angel group for women investors that provides early-stage investment to female-founded startups along with investor education. |
| Multiplier Capital | Washington | Technology lending platform providing debt to growing, professionally backed technology companies, typically with revenues above $5 million. |
| GB Capital Markets LLC | Washington | 2 venture funds since 2021 |
| Kalorama Capital, LLC | Washington | 3 venture funds, 2009–2016 |
| AARP Employees' Pension Plan | Washington | In partnerships and joint ventures: $479M |
| Danaher Corporation & Subsidiaries Pension Plan | Washington | In partnerships and joint ventures: $237M |
| Howard University Employees' Retirement Plan | Washington | In partnerships and joint ventures: $123M |
| International Association of Firefighters Staff Representatives Pension Plan | Washington | In partnerships and joint ventures: $30M |
| Canapi Ventures SBIC Fund II, L.P. | Washington | Venture · Balanced Venture |
| Canapi Ventures SBIC Fund, L.P. | Washington | Venture |
| Multiplier Capital II, L.P | Washington | Private Credit · Mezzanine |
| Multiplier Capital III, L.P. | Washington | Private Credit · Balanced Venture |
| AFL-CIO Staff Retirement Plan | Washington | In partnerships and joint ventures: $52M |
| Bricklayers & Trowel Trades International Pension Fund | Washington | In partnerships and joint ventures: $342M |
| Central Pension Fund of the IUOE & Participating Employers | Washington | In partnerships and joint ventures: $5.1B |
| Employees' Retirement Plan of the National Education Association | Washington | In partnerships and joint ventures: $93M |
| IAM National Pension Fund | Washington | In partnerships and joint ventures: $4.8B |
| LIUNA National (Industrial) Pension Fund | Washington | In partnerships and joint ventures: $613M |
| LIUNA Staff and Affiliates Pension Fund | Washington | In partnerships and joint ventures: $629M |
| Teamsters Local 639 - Employers Pension Trust Fund | Washington | In partnerships and joint ventures: $527M |
| The General Pension Plan of the International Union of Operating Engineers | Washington | In partnerships and joint ventures: $137M |
| UFCW Intl Union Pension Plan for Employees | Washington | In partnerships and joint ventures: $200M |
| United Mine Workers of America 1974 Pension Plan | Washington | In partnerships and joint ventures: $27M |
| International Union of Bricklayers & Allied Craftworkers Master Trust | Washington | In partnerships and joint ventures: $62M |
| S.E.I.U Pension Plans Master Trust | Washington | In partnerships and joint ventures: $929M |
| Baba's Cooking School LLC dba EatsPlace | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Building Hope Finance | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| CBA Fund | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| City First Bank, N.A. | Washington | Community development bank or thrift in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| City First Homes Inc. | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| DEVELOPING AFFORDABLE STARTER HOMES FUND, LLC | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Housing Assistance Council | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Industrial Bank | Washington | Community development bank or thrift in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Institute for Community Economics | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Latino Economic Development Corporation of Washington, D.C. DBA is: Latino Economic Development Center | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Life Asset, Inc. | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| National Housing Trust Community Development Fund | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| NCRC Community Development Fund, Inc | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Opportunity Finance Network | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Partners for the Common Good, Inc. | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Resident Ownership Capital, LLC dba ROC USA Capital | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
| Washington Area Community Investment Fund | Washington | Community development loan fund in Washington, DC, certified by the US Treasury’s CDFI Fund. |
LPs based in Washington, DC
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.