Innovating Capital Management, LLC
Infinitely Curious.Innovation Obsessed. Learn More Founder First, Deep Technology Investors Our investment ideology is predicated on the deep conviction that technology can have a highly disruptive impact on society. We back founders on the forefront of innovation with a clear vision towards positive change, and we leverage our domain expertise to ensure value creation. LEARN…
In the firm's own words, from its website.
6 additional team members, 37 additional co-investors and affiliates, 59 additional investments, funds and LPs, 13 events, 7 verified contacts (6 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 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 24 Apr 2026 ($5M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 3 dealswith CNK Equity Partners I
Invests most often alongside CNK Equity Partners I (3 shared deals) and Collab+currency Management (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 recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Investment AssociateWhy: Named with investment responsibilityProfile
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Member MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
117 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.
- 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 Innovating 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 Innovating Capital Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
50 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Burnt | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Chain | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| pastel.network | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, fintech, deep tech, crypto, cybersecurity, quantum
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
10 current, 0 departed
Decision makers
- Andrew Amarosa · Investment AssociateWhy this person: Named with investment responsibilityLinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
- Anthony Edmund Michael Georgiades · Managing MemberWhy 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. 1 with a route on file. 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 1 deal attributed
- Member Member
- Investment Associate
1 departed (kept with end dates)
- Pendleton King · Managing Member · Jan 1, 2020 to Apr 1, 2024 Inference
Contacts
1 firm phone, 6 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
15 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Innovating Capital Psl LP | Fund | 2022 form d first sale | Active deployment | $16.0M Mar 31, 2026 | 27 | $1.0M | Apr 18, 2022 |
| Innovating Venture Partners S-Ii LP | Fund | 2021 form d first sale | Mature | $22.5M Mar 31, 2026 | 46 | $150,000 | Apr 18, 2022 |
| Innovating Capital Iosd LP | Fund | 2021 form d first sale | Mature | $6.9M Mar 31, 2026 | 7 | $3.3M | Apr 18, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
44 co-investors
Co-investors
- 2026-09-303 shared deals · recurring
- 2026-09-163 shared deals · recurring
- 2026-10-012 shared deals · recurring
Evidence and history
18 dated events, 67 observations from 4 sources
Timeline
- Mar 31, 2026Innovating Venture Partners S-Tie LP first reported on Form ADV by Innovating Capital Management, LLC (Venture Capital Fund), GAV $10,000,000
- Mar 31, 2026Innovating Capital Inj Strategies, LP first reported on Form ADV by Innovating Capital Management, LLC (Venture Capital Fund), GAV $1,842,105
- Mar 31, 2026Innovating Venture Partners S-Iii, LP first reported on Form ADV by Innovating Capital Management, LLC (Venture Capital Fund), GAV $2,500,000
- Apr 1, 2024Pendleton King (Managing Member) no longer on Schedule A of Innovating Capital Management, LLC
- Mar 30, 2022Innovating Venture Partners S-Ii LP first reported on Form ADV by Innovating Capital Management, LLC (Venture Capital Fund), GAV $150,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 14 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- innovating.capital
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 14 (14 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $129Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $129M across 15 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $112M across 12 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Private fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Private fund adviser | Apr 1, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 1, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-09-21 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2018-09-21 | Apr 1, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-04-01 | Apr 1, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2018-09-21 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Apr 1, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Apr 1, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | New York, NY | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Greenwich, CT | Apr 1, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Apr 1, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Apr 1, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 14 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 14 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 12 | Apr 1, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $129M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $129M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $112M | Apr 1, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated sectors | AI, enterprise software, fintech, deep tech, crypto, cybersecurity, quantum “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, deep tech, crypto, cybersecurity, quantum “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, deep tech, crypto, cybersecurity, quantum “sector words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 14 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 14 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 12 | Apr 1, 2024 | Fact | Form ADV |
| Website | Apr 1, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShowHide
Venture manager, reported GAV $129M across 15 vehicles
- importance
- gav: 0.34 · funds: 1 · people: 0.4 · investments: 0.63 · co investors: 0.66
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2025-09-30
- emerging manager
- fund count: 15 · reported gav: $129M · first adv filing: 2018-09-21 · years since first filing: 8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2018-09-21source 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.