Spider Capital

Seed fund managerSEC venture capital fund adviser· San Francisco, CaliforniaSPIDERCAPITAL.COM

Based in San Francisco, Spider Capital invests early in enterprise cloud and AI startups, providing capital, expertise, and strategic support.

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

Reported fund assets
$239M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
2
Investment team
12
Latest vintage
2023
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (104)Team (16)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

12 additional team members, 37 additional co-investors and affiliates, 101 additional investments, funds and LPs, 1 event, 16 verified contacts (14 professional url, 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.

What matters now

  1. 2 companies
    new in 12 months

    2 new companies 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 pageFor Founders, co-investorsInvestments →
  2. 4 companies
    portfolio raising

    4 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 3 Sep 2026 ($13.8M sold on Form D).

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

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 19 deals
    with Webb Investment Network Management

    Invests most often alongside Webb Investment Network Management (19 shared deals) and Y Combinator (4 shared deals).

    pair last observed on record 1 Oct 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
  • Minsoo Chi
    Partner
    Why: Partner: part of the investment decision
    Profile
  • Philippe Suchet
    Partner
    Why: Partner: part of the investment decision
    Profile
  • Michael Joshua Neril
    Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

162 connected entities5 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

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 Spider 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 Spider Capital

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

Investing

104 companies on record, 2 new in 12 months
Investments on record
104 companies, 6 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Aerofsportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Apollo Graphqlportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Applifierportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
109 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, energy, logistics, industrial
Stages
seed, series a
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
seed
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)Industrial services (1)
lead rate 100%follow-on rate 0%new companies, 12 months 2

Team

16 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
  • Minsoo Chi · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Philippe Suchet · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Michael Joshua Neril · Managing Member
    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. 2 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
16 current, 0 departed
Contacts
1 general firm email, 1 firm phone, 14 professional url

1 general firm email, 1 firm phone, 14 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

4 vehicles, 0 LPs disclosed
Funds and vehicles
4 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Spider Capital Partners III, L.P.Fund2023 adv first reportedActive deployment$104M
Mar 21, 2026
34$0
of $100M
Mar 18, 2022
Spider Capital Partners I Select, LPGrowth fund2021 adv first reportedMature$16.5M
Mar 21, 2026
24$0
of $15.0M
Apr 14, 2020
Spider Capital Partners II, L.P.Fund2019 adv first reportedMature$73.2M
Mar 21, 2026
29$0
of $50.0M
Jan 18, 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

103 co-investors · on 1 other DFX graph
Co-investors
103 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

Spider Capital 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

6 dated events, 76 observations from 3 sources
Timeline
6 dated events
  1. seen on or beforeSep 13, 2026
    Spider Capital: MULTI_STAGE_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInferenceno URL
  2. Mar 27, 2023
    Spider Capital Partners III, L.P. first reported on Form ADV by Spider Capital (Venture Capital Fund), GAV $63,034,906
    Fund first reported on Form ADVFundsFactSpider Capital Partners III, L.P.Form ADV
  3. Mar 19, 2021
    Spider Capital Partners I Select, LP first reported on Form ADV by Spider Capital (Venture Capital Fund), GAV $8,580,000
    Fund first reported on Form ADVFundsFactSpider Capital Partners I Select, LPForm ADV
  4. Feb 23, 2019
    Spider Capital Partners II, L.P. first reported on Form ADV by Spider Capital (Venture Capital Fund), GAV $48,786,255
    Fund first reported on Form ADVFundsFactSpider Capital Partners II, L.P.Form ADV
  5. Mar 30, 2016
    Spider Capital 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 21, 2026 · 4 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
SPIDERCAPITAL.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 21, 2026
Private funds reported
4 (4 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$239Madviserinfo.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 14, 2026
    Seed fund manager (confirmed, 95%)
    Name or self-description says seed
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $219M
Evidence
76 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 21, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 21, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 22, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 21, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 21, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 22, 2024FactForm ADV
First Form ADV filing2016-03-30Mar 21, 2026FactForm ADV
First Form ADV filing2016-03-30Mar 22, 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 filing2026-03-21Mar 21, 2026FactForm ADV
Latest Form ADV filing2026-03-21Mar 21, 2026FactForm ADV
Latest Form ADV filing2024-03-22Mar 22, 2024FactForm ADV
SEC statusERA - ActiveMar 21, 2026FactForm ADV
SEC status effective2016-03-30Mar 21, 2026FactForm ADV
Venture share of reported funds1Mar 21, 2026FactForm ADV
Venture share of reported funds1Mar 22, 2024FactForm ADV
Business phoneMar 21, 2026FactForm ADV
Business phoneMar 22, 2024FactForm ADV
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersSan Francisco, CAMar 21, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 22, 2024FactForm ADV
Office addressMar 21, 2026FactForm ADV
Office addressMar 22, 2024FactForm ADV
Self-described typeseedOct 1, 2026Factno URL
Self-described typeseedSep 16, 2026Factno URL
Self-described typeseedSep 13, 2026Factno URL
Legal formLimited Liability CompanyMar 21, 2026FactForm ADV
Legal formLimited Liability CompanyMar 22, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported4Mar 21, 2026FactForm ADV
Private funds reported4Mar 21, 2026FactForm ADV
Private funds reported4Mar 22, 2024FactForm ADV
Private fund gross assets (reported)$239MMar 21, 2026FactForm ADV
Private fund gross assets (reported)$239MMar 21, 2026FactForm ADV
Private fund gross assets (reported)$219MMar 22, 2024FactForm ADV
Schedule a diffsadiff-1Sep 26, 2026FactForm ADV
Stated sectorsAI, enterprise software, healthcare, energy, logistics, industrial
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorsAI, enterprise software, healthcare, energy, logistics, industrial
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, enterprise software, healthcare, energy, logistics, industrial
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesSeed, series a
“stage words on the home page”
Oct 1, 2026Factno URL
Stated stagesSeed, series a
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeed, series a
“stage 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 reported4Mar 21, 2026FactForm ADV
Venture funds reported4Mar 21, 2026FactForm ADV
Venture funds reported4Mar 22, 2024FactForm ADV
WebsiteMar 21, 2026FactForm ADV
WebsiteMar 22, 2024FactForm ADV
Website resolved domainOct 1, 2026Factno URL
Website resolved domainSep 16, 2026Factno URL
Website resolved domainSep 14, 2026Factno URL
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersSeed fund manager, confirmedShow
Importance
54
elevated
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Seed fund managerSEC exempt reporting adviser

Name or self-description says seed

The inputs behind each score
importance
gav: 0.42 · funds: 0.33 · people: 0.48 · investments: 0.76 · co investors: 0.81
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-08
emerging manager
fund count: 4 · reported gav: $239M · first adv filing: 2016-03-30 · years since first filing: 10.5

Fits, record history and connections

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

Fits

1 scored match, best firstas of
  • score 19.3confidence 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
  • Organization classification changed
    2026-09-13
  • Adviser's first ADV filing
    2016-03-30source 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.