Task Force X Capital Management, LLC

Micro VCSEC venture capital fund adviser· Fort Mill, South CarolinaTFXCAP.COM

Our purpose is to accelerate the success of accomplished former military and national security leaders in order to deliver investor returns, develop teams, and grow a value-added network.

In the firm's own words, from its website.

Reported fund assets
$23.0M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
7
Latest vintage
2022
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (23)Team (11)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

7 additional team members, 19 additional co-investors and affiliates, 24 additional investments, funds and LPs, 3 events, 4 verified contacts (3 professional url, 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
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 10 Aug 2026 ($414M round).

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

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Brandon McKennzie Shelton
    Owner
    Why: Named with investment responsibility
    No route on file yet
  • Rob Ackerman
    PROUD MEMBER OF NVCA & IMPACT CAPITAL MANAGERS
    Why: Named with investment responsibility
    No route on file yet

Relationship network

62 connected entities2 observed rounds

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 Task Force X Capital Management, 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 Task Force X Capital Management, LLC

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

Investing

23 companies on record, 0 new in 12 months

Investments on record

23 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Anonybitportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Apeiron Labs, Inc.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
CommSafe AIportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

24 observed deals
Stated (the firm’s website)
Sectors
ai, healthcare, defense
Stages
seed, early
Geography
europe
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
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (3)
lead rate no observed dealsfollow-on rate 0%new companies, 12 months 0

Team

11 current, 1 departed

Decision makers

who to call first, and why; then everyone else by function
  • Brandon McKennzie Shelton · Owner
    Why this person: Named with investment responsibility
  • Rob Ackerman · PROUD MEMBER OF NVCA & IMPACT CAPITAL MANAGERS
    Why this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Board, advisers and operating partners (1)
  • Cindi Basenspiler · Managing Director, On-Point Advisory
    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, 1 departed

Contacts

1 firm phone, 3 professional url

1 firm phone, 3 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

7 vehicles, 0 LPs disclosed

Funds and vehicles

7 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Task Force X Fund III, LPFund2022 form d first saleActive deployment$9.9M
Mar 18, 2026
44$8.9MJun 27, 2023
TFX Fund II Plus, LPFund2020 form d first saleMature$900,899
Mar 18, 2026
9$650,000Oct 29, 2020
Task Force X Fund II, LPFund2018 form d first saleHarvest$9.0M
Mar 18, 2026
58$5.2MApr 11, 2018

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

22 co-investors · on 1 other DFX graph

Co-investors

22 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Task Force X Capital Management, LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

8 dated events, 66 observations from 3 sources

Timeline

8 dated events
  1. Mar 31, 2023
    Task Force X Fund III, LP first reported on Form ADV by Task Force X Capital Management, LLC (Venture Capital Fund), GAV $8,011,436
    Fund first reported on Form ADVFundsFactTask Force X Fund III, LPForm ADV
  2. Jul 18, 2022
    Task Force X Fund II, LP first reported on Form ADV by Task Force X Capital Management, LLC (Venture Capital Fund), GAV $13,318,537
    Fund first reported on Form ADVFundsFactTask Force X Fund II, LPForm ADV
  3. Jul 18, 2022
    TFX Spv 4, LLC first reported on Form ADV by Task Force X Capital Management, LLC (Venture Capital Fund), GAV $500,748
    Fund first reported on Form ADVFundsFactTFX Spv 4, LLCForm ADV
  4. Jul 18, 2022
    Task Force X Fund I, LP first reported on Form ADV by Task Force X Capital Management, LLC (Venture Capital Fund), GAV $6,123,663
    Fund first reported on Form ADVFundsFactTask Force X Fund I, LPForm ADV
  5. Jul 18, 2022
    Task Force X Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 18, 2026 · 7 private fundsShow
Headquarters
Fort Mill, SCadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
TFXCAP.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 18, 2026
Private funds reported
7 (7 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$23.0Madviserinfo.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
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $23.0M across 7 vehicles
  2. Sep 15, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $28.1M across 7 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $25.9M across 6 vehicles

Evidence

67 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 18, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 18, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 18, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 18, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2022-07-18Mar 18, 2026FactForm ADV
First Form ADV filing2022-07-18Mar 28, 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 filing2026-03-18Mar 18, 2026FactForm ADV
Latest Form ADV filing2026-03-18Mar 18, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 18, 2026FactForm ADV
SEC status effective2022-07-18Mar 18, 2026FactForm ADV
Venture share of reported funds1Mar 18, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 18, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 13, 2026Fact
HeadquartersFort Mill, SCMar 18, 2026FactForm ADV
HeadquartersFort Mill, SCMar 28, 2024FactForm ADV
Office addressMar 18, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Legal formLimited Liability CompanyMar 18, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 13, 2026Fact
Private funds reported7Mar 18, 2026FactForm ADV
Private funds reported7Mar 18, 2026FactForm ADV
Private funds reported7Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$23.0MMar 18, 2026FactForm ADV
Private fund gross assets (reported)$23.0MMar 18, 2026FactForm ADV
Private fund gross assets (reported)$28.1MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Sep 28, 2026FactForm ADV
Stated geographyeurope
“geography words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, healthcare, defense
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, healthcare, space, defense
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, healthcare, space, defense
“sector words on the home page”
Sep 13, 2026Fact
Stated stagesSeed, early
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesSeed, early
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, early
“stage words on the home page”
Sep 13, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported7Mar 18, 2026FactForm ADV
Venture funds reported7Mar 18, 2026FactForm ADV
Venture funds reported7Mar 28, 2024FactForm ADV
WebsiteMar 18, 2026FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
How this is scored
Scores, classification basis and filing advisersMicro VC, confirmedShow
Importance
35
elevated
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Micro VCSEC exempt reporting adviser

Venture manager, reported GAV $23.0M across 7 vehicles

The inputs behind each score
importance
gav: 0.11 · funds: 0.58 · people: 0.28 · investments: 0.51 · co investors: 0.54
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 7 · reported gav: $23.0M · first adv filing: 2022-07-18 · years since first filing: 4.2

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
    2022-07-18source 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.