DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / ETA Capital Fund Management, LLC
ETA Capital Fund Management, LLC
Micro VCCincinnati, OHminoritybusinessaccelerator.comSEC venture capital fund adviseremerging manager
We are Committed to High-Growth Founders At The Excellerator, we help you accelerate your business, cultivate your growth strategy, secure corporate clients and capital to scale, creating economic mobility and long-term sustainable success Contact Us Apply Today Kala Gibson CBE Board Chair Chief Corporate Responsibility Officer, Fifth Third Bank Who We Are The Cincinnati Business Excellerator (formerly the Minority Business Accelerator) is […]
venture manager, reported GAV $26.3M across 1 vehicles
Importance
16
moderate
Active deployment
55
elevated
Emerging
91
high
Completeness
69
high
Freshness
100
high
Research priority
39
elevated
Identity and regulatory footprint
- Headquarters
- Cincinnati, OHadviserinfo.sec.gov
- Office address
- 3 EAST 4TH STREET, SUITE 200, Cincinnati, OH, 45202adviserinfo.sec.gov
- Business phone
- 513-579-3144adviserinfo.sec.gov
- 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
- May 18, 2026
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $26.3Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Cincinnati USA Regional Chamber (Member), E
- business phone
- 513-579-3144adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
12 observed deals
Stated (the firm’s website)
- Sectors
- climate, logistics, media
- Stages
- not stated or not yet read
- Geography
- midwest
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 12
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| ETA Capital Fund I, LLC | Fund | 2024 form d first sale | Early deployment | $26.3M Sep 13, 2026 | 17 | $26.3M of $100M | Dec 20, 2024 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
14 current, 0 departed
Bob Castellini
Founder or executiveChairman
Brendon Cull
Founder or executivePresident & CEO
Curtis Holis
Founder or executiveCEO
Founder or executive
David Foxx
Founder or executiveCEO & Owner
Fifth Third Bank
Founder or executivePresident & CEO
Mark Merkel
Founder or executiveKala Gibson | Chairman
Scott Robertson
Founder or executiveChairman
Calvin Buford
PartnerPartner
Michael Fisher
PartnerManaging Director
Asia Davis
Platform and operationsExecutive Assistant & Program Manager
Kate Ward
Platform and operationsSVP & Chief Business Officer
Monique Winston
Platform and operationsChief Resource & Development Officer
Destini Brodi
PrincipalInvestment Principal
Investments on record
12 edges, 12 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
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.
Timeline
2 dated events
- Sep 12, 2026ETA Capital Fund I, LLC first reported on Form ADV by ETA Capital Fund Management, LLC, GAV $26,327,500Fund first reported on Form ADVFundsFactETA Capital Fund I, LLCIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Dec 19, 2025ETA Capital Fund Management, LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $26.3M across 1 vehicles
Evidence
30 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | vc_exemption,vc_funds_reported | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC exemption claimed | venture_capital_fund_adviser | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC adviser type | exempt_reporting_adviser | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Latest Form ADV filing | 2026-05-18 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Adv pdf loaded | adv-pdf-1 | Sep 13, 2026 | Fact | IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A) |
| SEC status | ERA - Active | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC status effective | 2025-12-19 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Business phone | 513-579-3144 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Contact page url | https://cbexcell.com/contact/ “contact page linked from the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | We are Committed to High-Growth Founders At The Excellerator, we help you accelerate your business, cultivate your growth strategy, secure corporate clients and capital to scale, creating economic mobility and long-term sustainable success Contact Us Apply Today Kala Gibson CBE Board Chair Chief Corporate Responsibility Officer, Fifth Third Bank Who We Are The Cincinnati Business Excellerator (formerly the Minority Business Accelerator) is […] “meta description” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | We are Committed to High-Growth Founders At The Excellerator, we help you accelerate your business, cultivate your growth strategy, secure corporate clients and capital to scale, creating economic mobility and long-term sustainable success Contact Us Apply Today Kala Gibson CBE Board Chair Chief Corporate Responsibility Officer, Fifth Third Bank Who We Are The Cincinnati Business Excellerator (formerly the Minority Business Accelerator) is […] “meta description” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Headquarters | Cincinnati, OH | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Office address | 3 EAST 4TH STREET, SUITE 200, Cincinnati, OH, 45202 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Legal form | Limited Liability Company | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Portfolio page | https://cbexcell.com/our-services/clients/ “13 entries read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Portfolio page | https://cbexcell.com/our-services/clients/ “13 entries read” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Private funds reported | 1 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private fund gross assets (reported) | $26.3M | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Stated geography | midwest “geography words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated geography | midwest “geography words on the home page” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | climate,logistics,media “sector words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | climate,logistics,media “sector words on the home page” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://cbexcell.com/about-us/our-team-and-board/ “14 name/title pairs read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://cbexcell.com/about-us/our-team-and-board/ “14 name/title pairs read” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Venture funds reported | 1 | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Website | https://minoritybusinessaccelerator.com/ | May 18, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Website resolved domain | cbexcell.com “https://minoritybusinessaccelerator.com/ redirected to https://cbexcell.com/” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Website resolved domain | cbexcell.com “https://minoritybusinessaccelerator.com/ redirected to https://cbexcell.com/” | Sep 14, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | Home - Cincinnati Business Excellerator “title tag” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | Home - Cincinnati Business Excellerator “title tag” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |