Shine Capital

Multi-stage venture firmSEC venture capital fund adviser· New York, New Yorkshine.vc

Shine is an early-stage venture capital firm that partners with creative, convincing, relentless entrepreneurs to build iconic businesses.

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

Reported fund assets
$599M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
6
Latest vintage
2026
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

10 additional team members, 37 additional co-investors and affiliates, 59 additional investments, funds and LPs, 9 events, 11 verified contacts (8 professional url, 2 firm phone, 1 general firm email)

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. 2 vehicles
    on Form D, 18 months

    $26M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 1 company
    new in 12 months

    1 new company in the last 12 months.

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

    Factfunding announcements, Form D, the firm's portfolio pageInvestments →
  3. 3 deals
    with Union Square Ventures

    Invests most often alongside Union Square Ventures (3 shared deals) and Honeystone Ventures (3 shared deals).

    pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordCo-investors →
  4. 0 of 3
    enter at seed or A

    Enters mostly at seed to Series A: 3 of 3 first entries on record, in line with the early stage its site states.

    rounds to 11 Jun 2026 · Tells a founder whether their round is one this firm writes.

    Derived3 rounds with a stated stage, against the firm's siteInvestments →

People to know

View all people
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

130 connected entities13 observed rounds6 repeat counterparties6 dated rounds shown here, 2022 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.

What stands out
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 Shine Capital: 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 Shine Capital

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

Investing

54 companies on record, 1 new in 12 months

Investments on record

54 companies, 12 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
10Beauty, Inc.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Antares Corp.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Audioshake Inc.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

65 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
early
Geography
new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series a 67%seed 33%
Stage at first entry
seed 50%series a 50%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (3)Business services (1)
lead rate 75%follow-on rate 44%new companies, 12 months 1

Team

14 current, 2 departed

Decision makers

who to call first, and why; then everyone else by function
  • Moshe J Koyfman · Managing Member
    Why this person: Named with investment responsibility
Who else at this firm · 2 people, grouped by function
Board, advisers and operating partners (2)
  • Adam Hanft · Operating Partner
    Why this person: Operating partner: works with the portfolio
  • Carl Tremblay · Operating Partner
    Why this person: Operating partner: works with the portfolio

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

14 current, 2 departed
1 departed (kept with end dates)
  • Joshua Mohrer · Non-Managing Member · Mar 1, 2020 to Aug 16, 2021 Inference

Contacts

1 general firm email, 2 firm phone, 8 professional url

1 general firm email, 2 firm phone, 8 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

10 vehicles, 0 LPs disclosed

Funds and vehicles

10 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Shine Capital SPV A-2, L.P.SPV or co-invest vehicle2026 form d first saleNewly closedunknownunknown$1.0M
of $1.0M
Aug 12, 2026
Shine Capital SPV A-1, L.P.SPV or co-invest vehicle2026 form d first saleNewly closedunknownunknown$25.0M
of $25.0M
Jul 16, 2026
Shine Capital Advisor Fund II, L.P.Fund2023 adv first reportedActive deployment$958,497
Mar 31, 2026
17$0May 27, 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

5 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Richard and Susan Smith Family FoundationFOUNDATIONShine Capital I L.P.$1.5M
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Richard and Susan Smith Family FoundationFOUNDATIONShine Capital II, L.P.$1.2M
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Richard and Susan Smith Family FoundationFOUNDATIONShine Capital Opportunities Fund I, L.P.$305,634
fair value on the foundation's return
reported as of Apr 30, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

60 co-investors · on 2 other DFX graphs

Co-investors

60 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 2 capital paths Show
Across DFX
  • The same institution is held on RIA and Wealth, Allocators, matched by identifier. See which records
Across the graphs

Shine Capital is the same institution as 2 records in RIA and Wealth and Allocators.

RIA and Wealth1Allocators1

DFX found 2 relationships across 2 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…

Capital chain

Shine Capital sits on 2 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 2 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

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

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

14 dated events, 95 observations from 5 sources

Timeline

14 dated events
  1. Mar 31, 2026
    Shine Capital III, L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $169,404,569
    Fund first reported on Form ADVFundsInferenceShine Capital III, L.P.Form ADV
  2. Mar 3, 2025
    Shine Capital filed the first Form D for Shine Capital III, L.P. (fund 3), its next fund after Shine Capital II, L.P. (vintage 2022); offering $200.0M
    Fund next filedderived signalInferenceShine Capital III, L.P.
  3. Mar 29, 2023
    Shine Capital Advisor Fund II, L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $897,642
    Fund first reported on Form ADVFundsFactShine Capital Advisor Fund II, L.P.Form ADV
  4. Mar 29, 2023
    Shine Capital Opportunities Advisor Fund I, L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $446,320
    Fund first reported on Form ADVFundsFactShine Capital Opportunities Advisor Fund I, L.P.Form ADV
  5. Mar 31, 2022
    Shine Capital II, L.P. first reported on Form ADV by Shine Capital (Venture Capital Fund), GAV $142,302,383
    Fund first reported on Form ADVFundsFactShine Capital II, L.P.Form ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 7 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
shine.vc
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
7 (7 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$599Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $599M
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $429M

Evidence

103 observations from 5 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 adviserApr 30, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserApr 30, 2024FactForm ADV
First Form ADV filing2020-11-20Mar 31, 2026FactForm ADV
First Form ADV filing2020-11-20Apr 30, 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 filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-04-30Apr 30, 2024FactForm ADV
SEC statusERA - ActiveMar 31, 2026FactForm ADV
SEC status effective2020-11-20Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Apr 30, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneApr 30, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 13, 2026Fact
Entity typeLimited PartnershipSep 22, 2020FactForm D
Entity typeLimited PartnershipSep 22, 2020FactForm D
Form D fund typeVenture Capital FundSep 22, 2020FactForm D
Form D fund typeVenture Capital FundSep 22, 2020FactForm D
Form D industry groupPooled Investment FundSep 22, 2020FactForm D
Form D industry groupPooled Investment FundSep 22, 2020FactForm D
AmendmentfalseSep 22, 2020FactForm D
AmendmentfalseSep 22, 2020FactForm D
Revenue range (Form D)Decline to DiscloseSep 22, 2020FactForm D
Revenue range (Form D)Decline to DiscloseSep 22, 2020FactForm D
HeadquartersMar 31, 2026FactForm ADV
HeadquartersApr 30, 2024FactForm ADV
IncorporatedwithinFiveYearsSep 22, 2020FactForm D
IncorporatedwithinFiveYearsSep 22, 2020FactForm D
JurisdictionDelawareSep 22, 2020FactForm D
JurisdictionDelawareSep 22, 2020FactForm D
Amount sold (Form D)0Sep 22, 2020FactForm D
Amount sold (Form D)0Sep 22, 2020FactForm D
Offering amount (Form D)18,000,000Sep 22, 2020FactForm D
Offering amount (Form D)100,000,000Sep 22, 2020FactForm D
Exemptions06b, 3C, 3C.1Sep 22, 2020FactForm D
Exemptions06b, 3C, 3C.7Sep 22, 2020FactForm D
Investors (Form D)0Sep 22, 2020FactForm D
Investors (Form D)0Sep 22, 2020FactForm D
Minimum investment (Form D)0Sep 22, 2020FactForm D
Minimum investment (Form D)0Sep 22, 2020FactForm D
Securities offeredEquity, pooledSep 22, 2020FactForm D
Securities offeredEquity, pooledSep 22, 2020FactForm D
Office addressMar 31, 2026FactForm ADV
Office addressApr 30, 2024FactForm ADV
Office addressSep 22, 2020FactForm D
Office addressSep 22, 2020FactForm D
Self-described typeVenture capitalSep 30, 2026Fact
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 13, 2026Fact
Legal formLimited Liability CompanyMar 31, 2026FactForm ADV
Legal formLimited Liability CompanyApr 30, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 13, 2026Fact
Private funds reported7Mar 31, 2026FactForm ADV
Private funds reported7Mar 31, 2026FactForm ADV
Private funds reported6Apr 30, 2024FactForm ADV
Private fund gross assets (reported)$599MMar 31, 2026FactForm ADV
Private fund gross assets (reported)$599MMar 31, 2026FactForm ADV
Private fund gross assets (reported)$429MApr 30, 2024FactForm ADV
Schedule a diffsadiff-1Mar 31, 2026FactForm ADV
Stated geographynew york
“geography words on the home page”
Sep 30, 2026Fact
Stated geographynew york
“geography words on the home page”
Sep 16, 2026Fact
Stated geographynew york
“geography words on the home page”
Sep 13, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 13, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported7Mar 31, 2026FactForm ADV
Venture funds reported7Mar 31, 2026FactForm ADV
Venture funds reported6Apr 30, 2024FactForm ADV
WebsiteApr 30, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
Year of incorporation2020Sep 22, 2020FactForm D
Year of incorporation2020Sep 22, 2020FactForm D
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
62
high
Active deployment
33
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $599M

The inputs behind each score
importance
gav: 0.54 · funds: 0.83 · people: 0.4 · investments: 0.67 · co investors: 0.72
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-06-11
emerging manager
fund count: 10 · reported gav: $599M · first adv filing: 2020-11-20 · years since first filing: 5.9

Fits, record history and connections

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

Fits

1 scored match, best firstas of
  • score 15.4confidence 80%
    Why: activity; cap table

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 dated events on the change ledger, latest event first
  • Form D filed
    2020-09-22source on record
  • Form D filed
    2020-09-22source 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.