Voyager Capital LLC

Institutional venture firmSEC venture capital fund adviser· Seattle, WashingtonVOYAGERCAPITAL.COM

Institutional venture firm, based in Seattle, Washington, reporting $201M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$201M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
9
Latest vintage
2019
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (6)Team (11)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

7 additional team members, 5 additional co-investors and affiliates, 14 additional investments, funds and LPs, 16 events, 7 verified contacts (6 published business email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 company
    new in 12 months

    1 new company in the last 12 months. Latest round Rapta round ($8M round, led) on 17 Sep 2026. Took 1 board seat on new Form D filings in 90 days (Rapta).

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 11 Sep 2026 ($10.8M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Bill McAleer
    MANAGING DIRECTOR
    Why: Managing director
    No route on file yet
  • Diane Fraiman
    MANAGING DIRECTOR
    Why: Managing director
    No route on file yet
  • Erik David Benson
    Managing Director
    Why: Managing director
    No route on file yet

Relationship network

39 connected entities7 observed rounds1 repeat counterparty4 dated rounds shown here, 2014 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Voyager Capital LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Voyager Capital LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

6 companies on record, 1 new in 12 months

Investments on record

6 companies, 7 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Seattle Website Designportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Rapta Inc.Funding roundleadunknown$8.0MunknownSep 17, 2026Fact Press release
Skyward IO, Inc.Form D equity offeringunknown · boardErik David Benson (strongly supported)$2.4M
form d sold
unknownJun 3, 2016Inference Form D

Stated thesis versus observed behaviour

9 observed deals
Stated (the firm’s website)
Sectors
ai, climate, hardware, robotics, defense, logistics, industrial, agtech
Stages
not stated or not yet read
Geography
canada, pacific northwest, seattle
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate 100%follow-on rate 20%new companies, 12 months 1

Team

11 current, 2 departed

Decision makers

who to call first, and why; then everyone else by function
  • Bill McAleer · MANAGING DIRECTOR
    Why this person: Managing director; Named with investment responsibility
  • Diane Fraiman · MANAGING DIRECTOR
    Why this person: Managing director; Named with investment responsibility
  • Erik David Benson · Managing Director
    Why this person: Managing director; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

11 current, 2 departed
2 departed (kept with end dates)
  • Curtis Feeny · Managing Director · Jan 1, 2000 to Mar 29, 2019 Inference
  • Daniel H Ahn · Managing Director · Jul 1, 2008 to Apr 1, 2016 Inference

Contacts

6 published business email, 1 firm phone

6 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

8 vehicles, 0 LPs disclosed

Funds and vehicles

8 reported, 5 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Voyager Fund 8822Feeder or parallel2019 form d first saleMature$24.5M
Mar 31, 2026
36$3.1M
of $3.1M
Dec 27, 2019
Voyager Fund 3852Fund2019 form d first saleMature$6.6M
Mar 31, 2026
39$5.1M
of $5.1M
Oct 11, 2019
Voyager Fund 0830Fund2018 form d first saleHarvest$66.8M
Mar 31, 2026
67$66.2M
of $66.2M
Oct 10, 2019

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

8 co-investors

Co-investors

8 counted from shared deals, for the whole firm
  • BVC
    1 shared deal · one time · this firm led 1
    2026-09-17
  • Portland Seed Fund
    1 shared deal · one time · this firm led 1
    2026-09-17
  • Ringbolt Capital
    1 shared deal · one time · this firm led 1
    2026-09-17

Evidence and history

21 dated events, 76 observations from 3 sources

Timeline

21 dated events
  1. Mar 31, 2026
    Voyager Capital Fund VI, L.P. first reported on Form ADV by Voyager Capital LLC (Venture Capital Fund), GAV $45,782,037
    Fund first reported on Form ADVFundsInferenceVoyager Capital Fund VI, L.P.Form ADV
  2. Mar 18, 2020
    Voyager Fund 8822 first reported on Form ADV by Voyager Capital LLC (Venture Capital Fund), GAV $24,701,393
    Fund first reported on Form ADVFundsFactVoyager Fund 8822Form ADV
  3. Mar 18, 2020
    Voyager Fund 3852 first reported on Form ADV by Voyager Capital LLC (Venture Capital Fund), GAV $6,219,815
    Fund first reported on Form ADVFundsFactVoyager Fund 3852Form ADV
  4. Mar 29, 2019
    Voyager Fund 0830 first reported on Form ADV by Voyager Capital LLC (Venture Capital Fund), GAV $1,687,499
    Fund first reported on Form ADVFundsFactVoyager Fund 0830Form ADV
  5. Mar 29, 2019
    Curtis Feeny (Managing Director) no longer on Schedule A of Voyager Capital LLC
    Person leftPeopleInferenceCurtis FeenyForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 8 private fundsShow
Headquarters
Seattle, WAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
VOYAGERCAPITAL.COM
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
8 (8 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$201Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $201M across 8 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $183M across 7 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $113M across 4 vehicles

Evidence

77 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 7, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 7, 2024FactForm ADV
First Form ADV filing2012-03-28Mar 31, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 7, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-07Mar 7, 2024FactForm ADV
SEC statusERA - ActiveMar 31, 2026FactForm ADV
SEC status effective2012-03-28Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 7, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneMar 7, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
HeadquartersSeattle, WAMar 31, 2026FactForm ADV
HeadquartersSeattle, WAMar 7, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressMar 7, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Fact
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 12, 2026Fact
Legal formLimited Liability CompanyMar 31, 2026FactForm ADV
Legal formLimited Liability CompanyMar 7, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 12, 2026Fact
Private funds reported8Mar 31, 2026FactForm ADV
Private funds reported8Mar 31, 2026FactForm ADV
Private funds reported7Mar 7, 2024FactForm ADV
Private fund gross assets (reported)$201MMar 31, 2026FactForm ADV
Private fund gross assets (reported)$201MMar 31, 2026FactForm ADV
Private fund gross assets (reported)$183MMar 7, 2024FactForm ADV
Schedule a diffsadiff-1Mar 31, 2026FactForm ADV
Stated geographyCanada, pacific northwest, seattle
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyCanada, pacific northwest, seattle
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyCanada, pacific northwest, seattle
“geography words on the home page”
Sep 12, 2026Fact
Stated sectorsAI, climate, hardware, robotics, defense, logistics, industrial, agtech
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, climate, hardware, robotics, logistics, agtech
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, climate, hardware, robotics, logistics, agtech
“sector words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported8Mar 31, 2026FactForm ADV
Venture funds reported8Mar 31, 2026FactForm ADV
Venture funds reported7Mar 7, 2024FactForm ADV
WebsiteMar 31, 2026FactForm ADV
WebsiteMar 7, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
48
elevated
Active deployment
8
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $201M across 8 vehicles

The inputs behind each score
importance
gav: 0.4 · funds: 1 · people: 0.44 · investments: 0.35 · co investors: 0.37
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-09-17
emerging manager
fund count: 13 · reported gav: $201M · first adv filing: 2012-03-28 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.