Plus Capital

Multi-stage venture firmSEC-registered adviserRaisingClassification probable· Venice, CaliforniaPLUSCAPITAL.COM

We partner with our collective of high-profile artists, athletes, and cultural leaders to invest in leading emerging growth consumer and enterprise companies.

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

Reported fund assets
$292M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
3
Investment team
2
Latest vintage
2025
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

1 additional team member, 9 additional co-investors and affiliates, 22 additional investments, funds and LPs, 35 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.

What matters now

  1. 3 companies
    new in 12 months

    3 new companies in the last 12 months. Latest round Fora round ($60M round) on 16 Jul 2026.

    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. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 28 May 2026 ($100M round).

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

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

44 connected entities3 observed roundsrounds 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.

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 Plus 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 Plus Capital

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

Investing

3 companies on record, 3 new in 12 months

Investments on record

3 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
ForaFunding roundparticipantunknown$60.0MunknownJul 16, 2026Fact Press release
Garner HealthFunding roundparticipantunknown$118MunknownFeb 10, 2026Fact Press release
Pomelo CareSeries C · Series Cparticipantunknown$92.0MunknownJan 8, 2026Fact Press release

Stated thesis versus observed behaviour

3 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, consumer, edtech, hrtech
Stages
growth
Geography
austin, global, 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 c 100%
Stage at first entry
series c 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new companies, 12 months 3

Team

6 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Adam Lilling · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
Who else at this firm · 2 people, grouped by function
Board, advisers and operating partners (2)
  • Michelle Elizabeth Dawson · Operating Partner, Head Of Corporate Development & General Counsel
    Why this person: Operating partner: works with the portfolio
  • Travis Pfeiffer · Operating Partner, Chief Financial Officer
    Why this person: Operating partner: works with the portfolio; Joined in May 2025

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

6 current, 0 departed

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

16 vehicles, 0 LPs disclosed

Funds and vehicles

16 reported, 9 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
PLUS Collective Access IIB, L.P.Fund2025 form d first saleFundraising$2.1M
Mar 30, 2026
5$2.0MDec 17, 2025
Plus Collective Access Iia, LPFund2023 form d first saleActive deployment$8.7M
Mar 30, 2026
7$4.0MAug 18, 2023
Plus Collective Access Fund II, L.P.Fund2022 form d first saleActive deployment$143M
Mar 30, 2026
86$104M
of $104M
Dec 7, 2023

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

12 co-investors · on 1 other DFX graph

Co-investors

12 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

Plus 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

40 dated events, 75 observations from 3 sources

Timeline

40 dated events
  1. Mar 30, 2026
    Plus Collective Access Iib, LP first reported on Form ADV by Plus Capital (Venture Capital Fund), GAV $2,070,500
    Fund first reported on Form ADVFundsInferencePLUS Collective Access IIB, L.P.Form ADV
  2. Mar 30, 2026
    Plus Collective Access Fund III, L.P. first reported on Form ADV by Plus Capital (Venture Capital Fund), GAV $57,500,000
    Fund first reported on Form ADVFundsInferencePLUS Collective Access Fund III, L.P.Form ADV
  3. Nov 6, 2025
    Plus Capital filed the first Form D for PLUS Collective Access Fund III, L.P. (fund 3), its next fund after Plus Collective Access Fund II, L.P. (vintage 2022); offering $150.0M
    Fund next filedderived signalInferencePLUS Collective Access Fund III, L.P.
  4. Jun 1, 2024
    Michelle Elizabeth Dawson joined Schedule A of Plus Capital as Operating Partner, Head Of Corporate Development & General Counsel
    Person joinedPeopleFactMichelle Elizabeth DawsonForm ADV
  5. Mar 26, 2024
    Plus Collective Access Iia, LP first reported on Form ADV by Plus Capital (Venture Capital Fund), GAV $4,204,991
    Fund first reported on Form ADVFundsFactPlus Collective Access Iia, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 15 private fundsShow
Headquarters
Venice, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 30, 2026
Private funds reported
15 (15 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$294Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$294Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
9
Owners on Schedule A
Plus Ventures, LLC (Member), owns 75% or more

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $292M
  2. Sep 13, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $192M
  3. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $195M

Evidence

76 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 2, 2024FactForm ADV
First Form ADV filing2013-06-17Mar 30, 2026FactForm ADV
First Form ADV filing2013-06-17Jul 2, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm 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 filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-07-02Jul 2, 2024FactForm ADV
SEC statusApprovedMar 30, 2026FactForm ADV
SEC status effective2023-06-30Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Jul 2, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneJul 2, 2024FactForm ADV
DescriptionSep 16, 2026Fact
DescriptionSep 14, 2026Fact
Employees9Mar 30, 2026FactForm ADV
Employees9Jul 2, 2024FactForm ADV
HeadquartersVenice, CAMar 30, 2026FactForm ADV
HeadquartersVenice, CAJul 2, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressJul 2, 2024FactForm ADV
Self-described typeVenture capital
“Venture Capital Investment and Advisory Firm”
Sep 16, 2026Fact
Self-described typeVenture capital
“Venture Capital Investment and Advisory Firm”
Sep 14, 2026Fact
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 14, 2026Fact
Private funds reported15Mar 30, 2026FactForm ADV
Private funds reported15Mar 30, 2026FactForm ADV
Private funds reported13Jul 2, 2024FactForm ADV
Private fund gross assets (reported)$294MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$294MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$195MJul 2, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$294MMar 30, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$195MJul 2, 2024FactForm ADV
Schedule a diffsadiff-1Mar 30, 2026FactForm ADV
Stated geographyAustin, global, new york
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyAustin, global, new york
“geography words on the home page”
Sep 14, 2026Fact
Stated sectorsAI, enterprise software, healthcare, consumer, edtech, hrtech
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, enterprise software, healthcare, consumer, edtech, hrtech
“sector words on the home page”
Sep 14, 2026Fact
Stated stagesgrowth
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesgrowth
“stage words on the home page”
Sep 14, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 14, 2026Fact
Venture funds reported15Mar 30, 2026FactForm ADV
Venture funds reported15Mar 30, 2026FactForm ADV
Venture funds reported13Jul 2, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteJul 2, 2024FactForm ADV
Site titleSep 16, 2026Fact
Site titleSep 14, 2026Fact
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShow
Importance
42
elevated
Active deployment
71
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firm · probableSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $292M

The inputs behind each score
importance
gav: 0.44 · funds: 1 · people: 0.12 · investments: 0.18 · co investors: 0.44
active deployment
investments 12m: 0.38 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-07-16
emerging manager
fund count: 25 · reported gav: $292M · first adv filing: 2013-06-17 · years since first filing: 13.3

Fits, record history and connections

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

Fits

8 scored matches, best firstas of
  • score 40.7confidence 90%
    Why: stage fit; activity; cap table
  • score 35.7confidence 90%
    Why: sector fit; geography fit; activity
  • score 35.7confidence 80%
    Why: stage fit; activity

+5 more scored matches

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

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

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2013-06-17source 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.