WSC & Company, LLC

CandidateSEC-registered adviser· Charlotte, North CarolinaWSCANDCOMPANY.COM

WSC & Company is a private investment firm acquiring businesses nationwide alongside exceptional entrepreneurs.

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

Reported fund assets
$218M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
6
Latest vintage
2023
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (146)Team (8)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

4 additional team members, 5 additional co-investors and affiliates, 145 additional investments, funds and LPs, 6 events, 2 verified contacts (1 general firm 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.

Nothing material in the last 180 days.

People to know

View all people
  • Badge Stone
    Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Macon Carroll
    Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Howard B Stone
    Manager
    Why: Named with investment responsibility
    No route on file yet

Relationship network

166 connected entities

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

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 WSC & Company, 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 WSC & Company, LLC

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

Investing

146 companies on record, 0 new in 12 months
Investments on record
146 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
8th Wing Partnersportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Abound Healthportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Abridge Keystone Partnersportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
146 observed deals
Stated (the firm’s website)
Sectors
enterprise software
Stages
not stated or not yet read
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
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (2)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

8 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Badge Stone · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Macon Carroll · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Howard B Stone · Manager
    Why this person: 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
8 current, 1 departed
1 departed (kept with end dates)
Contacts
1 general firm email, 1 firm phone

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

Funds and LPs

5 vehicles, 0 LPs disclosed
Funds and vehicles
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Laurel Ridge Two, LLCFund · ADV: Private Equity Fund2023 adv first reportedActive deployment$3.3M
Mar 19, 2024
8unknownunknown
Laurel Ridge One, LLCFund · ADV: Private Equity Fund2023 adv first reportedActive deployment$1.5M
Mar 19, 2024
1unknownunknown
WSC Heritage I, LLCFund · ADV: Private Equity Fund2022 form d first saleActive deployment$1.2M
May 7, 2026
29$8.0M
of $8.0M
Nov 15, 2022
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 · on 4 other DFX graphs
Co-investors
8 counted from shared deals, for the whole firm
Across DFX and the capital chainon 4 other DFX graphs Show
Across DFX
Across the graphs

WSC & Company, LLC is the same institution as 4 records in Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.

Independent Sponsors1Private Equity1RIA and Wealth1Private Credit1

DFX found 4 relationships across 4 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

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

Checking your plan…

Evidence and history

11 dated events, 52 observations from 3 sources
Timeline
11 dated events
  1. seen on or beforeSep 24, 2026
    WSC & Company, LLC: PE_WITH_VENTURE_ACTIVITY -> CANDIDATE_VC (no sworn venture fact yet (name or round mention only))
    Classification changedClassificationInferenceno URL
  2. Mar 30, 2023
    Laurel Ridge One, LLC first reported on Form ADV by WSC & Company, LLC (Private Equity Fund), GAV $816,000
    Fund first reported on Form ADVFundsFactLaurel Ridge One, LLCForm ADV
  3. Mar 30, 2023
    Laurel Ridge Two, LLC first reported on Form ADV by WSC & Company, LLC (Private Equity Fund), GAV $2,447,131
    Fund first reported on Form ADVFundsFactLaurel Ridge Two, LLCForm ADV
  4. Mar 30, 2023
    WSC Heritage I, LLC first reported on Form ADV by WSC & Company, LLC (Private Equity Fund), GAV $12,000,000
    Fund first reported on Form ADVFundsFactWSC Heritage I, LLCForm ADV
  5. Mar 30, 2023
    Howard B Stone (Manager) no longer on Schedule A of WSC & Company, LLC
    Person leftPeopleInferenceHoward B StoneForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed May 7, 2026 · 4 private fundsShow
Headquarters
Charlotte, NCadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
WSCANDCOMPANY.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
May 7, 2026
Private funds reported
4 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$320Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$204Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
7
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 24, 2026
    Candidate (candidate, 50%)
    No sworn venture fact yet (name or round mention only)
  2. Sep 23, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 0% of 4 private funds
  3. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 0% of 5 private funds
Evidence
52 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeRegistered investment adviserMay 7, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 19, 2024FactForm ADV
First Form ADV filing2017-06-27May 7, 2026FactForm ADV
First Form ADV filing2017-06-27Mar 19, 2024FactForm 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 filing2026-05-07May 7, 2026FactForm ADV
Latest Form ADV filing2024-03-19Mar 19, 2024FactForm ADV
Venture share of reported funds0May 7, 2026FactForm ADV
Venture share of reported funds0Mar 19, 2024FactForm ADV
Business phoneMar 19, 2024FactForm ADV
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
Employees7Mar 19, 2024FactForm ADV
HeadquartersCharlotte, NCMar 19, 2024FactForm ADV
Office addressMar 19, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported4May 7, 2026FactForm ADV
Private funds reported5Mar 19, 2024FactForm ADV
Private fund gross assets (reported)$320MMay 7, 2026FactForm ADV
Private fund gross assets (reported)$204MMar 19, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$204MMar 19, 2024FactForm ADV
Stated sectorsEnterprise software
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorsEnterprise software
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsEnterprise software
“sector words on the home page”
Sep 13, 2026Factno URL
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported0May 7, 2026FactForm ADV
Venture funds reported0Mar 19, 2024FactForm ADV
WebsiteMar 19, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShow
Importance
25
moderate
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
CandidateSEC registered investment adviser

No sworn venture fact yet (name or round mention only)

The inputs behind each score
importance
gav: 0 · funds: 0 · people: 0.24 · investments: 0.8 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $218M reported · co investors: 0.37
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 5 · reported gav: $218M · first adv filing: 2017-06-27 · years since first filing: 9.3

Fits, record history and connections

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

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-24
  • Adviser's first ADV filing
    2017-06-27source 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.