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 / Thornapple River Capital
Thornapple River Capital
Building and investing in early-stage companies driving tomorrow: Thornapple River Capital is a closely held investment partnership that invests in and supports teams across healthcare, biotech, medical devices, AIML, deeptech, alt. transport, and more
venture manager, reported GAV $25.5M across 2 vehicles
Importance
14
low
Active deployment
4
low
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
3
low
Identity and regulatory footprint
- Headquarters
- Grand Rapids, MIadviserinfo.sec.gov
- Office address
- 320 HALL STREET, SUITE 201, Grand Rapids, MI, 49507adviserinfo.sec.gov
- Business phone
- (616) 560-5370adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 27, 2026
- Private funds reported
- 5 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $79.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Brandon J. Kanitz Trust (Member), C; Edgar D. Jannotta, Jr. Revocable Living Trust (Member), C
- business phone
- 616-560-5370adviserinfo.sec.govpublished by the subject
- business phone
- (616) 560-5370adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- healthcare, biotech, medtech, deep tech
- Stages
- early
- Geography
- not stated
- 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 1
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Trc-Venture Fund II, LLC | Fund | 2019 form d first sale | Mature | $23.0M Feb 21, 2024 | 58 | $7.8M | Nov 15, 2019 |
| Thornapple River Capital Venture Fund LLC | Fund | 2017 form d first sale | Harvest | $2.5M Feb 21, 2024 | 22 | $1.2M | Jun 19, 2017 |
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
9 current, 0 departed
Brandon Joel Kanitz
Board or advisoryTrustee · since Feb 1, 2020
Edgar D Jannotta Jr
Board or advisorySENIOR ADVISOR
Edgar Dalzell Jannotta
Board or advisoryTrustee · since Jul 1, 1993
Brandon Kanitz
Managing partnerMANAGING PARTNER
Genesis Guanga
Managing partnerMANAGING PARTNER
Sarah Fuentes
OtherEXECUTIVE ADMIN
Genesis Quezon Guanga
PartnerManager · since Mar 1, 2017
Leah Guanga
Platform and operationsCHIEF OPERATING OFFICER (COO)
Rittik Rao
Vice presidentVICE PRESIDENT
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Hard Tech | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
4 dated events
- Jan 31, 2020Trc-Venture Fund II, LLC first reported on Form ADV by Thornapple River Capital (Venture Capital Fund), GAV $11,500,000Fund first reported on Form ADVFundsFactTrc-Venture Fund II, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 11, 2018Thornapple River Capital first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 11, 2018Thornapple River Capital Venture Fund LLC first reported on Form ADV by Thornapple River Capital (Venture Capital Fund), GAV $2,700,000Fund first reported on Form ADVFundsFactThornapple River Capital Venture Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 1, 1993Edgar Dalzell Jannotta joined Schedule A of Thornapple River Capital as Trustee
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $25.5M across 2 vehicles
Evidence
53 observations from 3 sources