Service Provider Capital logo

Service Provider Capital

Micro VCSEC venture capital fund adviserRaising· Vail, ColoradoSERVICEPROVIDERCAPITAL.COM

Service Provider Capital is a venture capital fund that co-invests in Seed and Series A deals led by institutional venture funds.

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

Reported fund assets
$39.8M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
3
Investment team
25
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (97)Team (27)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

21 additional team members, 37 additional co-investors and affiliates, 120 additional investments, funds and LPs, 44 events, 11 verified contacts (10 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. 3 companies
    new in 12 months

    3 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. 9 companies
    portfolio raising

    9 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 19 Aug 2026 ($8.47M 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 →

People to know

View all people
  • Ned Hill
    Managing Director
    Why: Managing director
    Profile
  • Lori Pickle Allen
    Managing Director
    Why: Managing director
    No route on file yet
  • Minh Le
    Managing Director
    Why: Managing director
    No route on file yet

Relationship network

201 connected entities3 observed rounds1 repeat counterparty2 dated rounds shown here, 2025 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

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 Service Provider 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 Service Provider Capital

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

Investing

97 companies on record, 3 new in 12 months
Investments on record
97 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Alpyne Labsportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Avery Therapeuticsportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Babbl Labs, Inc.portfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
100 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
seed, series a
Geography
midwest, new england, pacific northwest, southeast, texas
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (13)Life sciences (3)Hardware and deep tech (1)Hospitality and leisure (1)
lead rate 0%follow-on rate 0%new companies, 12 months 3

Team

27 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Ned Hill · Managing Director
    Why this person: Managing director; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Lori Pickle Allen · Managing Director
    Why this person: Managing director; Named with investment responsibility
  • Minh Le · Managing Director
    Why this person: Managing director; 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
27 current, 1 departed
2 departed (kept with end dates)
  • Noah Bluesky Pittard · Special Adviser, Service Provider Capital Southeast Fund I Gp, Llc · Jan 1, 2017 to May 16, 2019 Inference
  • Craig Sherman · Managing Director · ? to Oct 1, 2026 Inference
Contacts
1 firm phone, 10 professional url

1 firm phone, 10 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

27 vehicles, 0 LPs disclosed
Funds and vehicles
27 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Series 14 LLC, a Series of Service Provider Capital Spv Holdings I, LLCSPV or co-invest vehicle2024 adv first reportedEarly deployment$704,667
May 20, 2026
37unknownunknown
Service Provider Capital Midwest Fund III, LPFund2023 form d first saleActive deployment$2.1M
May 20, 2026
56$2.3M
of $6.0M
Nov 7, 2023
Service Provider Capital Texas Fund I, LPFund2023 adv first reportedActive deployment$1.3M
May 20, 2026
42unknownunknown
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

50 co-investors · on 1 other DFX graph
Co-investors
50 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

Service Provider 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

49 dated events, 77 observations from 3 sources
Timeline
49 dated events
  1. May 20, 2026
    Series 16 LLC, a Series of Service Provider Capital Spv Holdings I, LLC first reported on Form ADV by Service Provider Capital (Venture Capital Fund), GAV $704,285
    Fund first reported on Form ADVFundsInferenceSeries 16 LLC, a Series of Service Provider Capital Spv Holdings I, LLCForm ADV
  2. May 20, 2026
    Service Provider Capital Pacific Northwest Fund I LP first reported on Form ADV by Service Provider Capital (Venture Capital Fund), GAV $2,062,875
    Fund first reported on Form ADVFundsInferenceService Provider Capital Pacific Northwest Fund I LPForm ADV
  3. May 20, 2026
    Series 17 LLC, a Series of Service Provider Capital Spv Holdings I, LLC first reported on Form ADV by Service Provider Capital (Venture Capital Fund), GAV $279,810
    Fund first reported on Form ADVFundsInferenceSeries 17 LLC, a Series of Service Provider Capital Spv Holdings I, LLCForm ADV
  4. May 20, 2026
    Series 15 LLC, a Series of Service Provider Capital Spv Holdings I, LLC first reported on Form ADV by Service Provider Capital (Venture Capital Fund), GAV $305,000
    Fund first reported on Form ADVFundsInferenceSeries 15 LLC, a Series of Service Provider Capital Spv Holdings I, LLCForm ADV
  5. May 3, 2024
    Series 13 LLC, a Series of Service Provider Capital Spv Holdings I, LLC first reported on Form ADV by Service Provider Capital (Venture Capital Fund), GAV $25,000
    Fund first reported on Form ADVFundsFactSeries 13 LLC, a Series of Service Provider Capital Spv Holdings I, LLCForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed May 20, 2026 · 25 private fundsShow
Headquarters
Vail, COadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
SERVICEPROVIDERCAPITAL.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
May 20, 2026
Private funds reported
25 (25 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$39.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Colorado Fund Managers Trust, David Aynes, Trustee (Member, Service Provider Capital Texas Fund I Gp, Llc), owns 10% to 25%; Athens Georgia Fund Managers Trust, David Aynes, Trustee (Member, Service Provider Capital Midwest Fund Ii Gp, Llc), owns 10% to 25%
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $39.8M across 27 vehicles
  2. Sep 15, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $40.9M across 23 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $32.6M across 21 vehicles
  4. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $32.6M across 20 vehicles
Evidence
77 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMay 20, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMay 20, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMay 3, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMay 20, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMay 20, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMay 3, 2024FactForm ADV
First Form ADV filing2014-12-22May 20, 2026FactForm ADV
First Form ADV filing2014-12-22May 3, 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 filing2026-05-20May 20, 2026FactForm ADV
Latest Form ADV filing2026-05-20May 20, 2026FactForm ADV
Latest Form ADV filing2024-05-03May 3, 2024FactForm ADV
SEC statusERA - ActiveMay 20, 2026FactForm ADV
SEC status effective2014-12-22May 20, 2026FactForm ADV
Venture share of reported funds1May 20, 2026FactForm ADV
Venture share of reported funds1May 3, 2024FactForm ADV
Business phoneMay 20, 2026FactForm ADV
Business phoneMay 3, 2024FactForm ADV
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
HeadquartersVail, COMay 20, 2026FactForm ADV
HeadquartersVail, COMay 3, 2024FactForm ADV
Office addressMay 20, 2026FactForm ADV
Office addressMay 3, 2024FactForm ADV
Self-described typeVenture capitalOct 1, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 15, 2026Factno URL
Legal formLimited Liability CompanyMay 20, 2026FactForm ADV
Legal formLimited Liability CompanyMay 3, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported25May 20, 2026FactForm ADV
Private funds reported25May 20, 2026FactForm ADV
Private funds reported22May 3, 2024FactForm ADV
Private fund gross assets (reported)$39.5MMay 20, 2026FactForm ADV
Private fund gross assets (reported)$39.5MMay 20, 2026FactForm ADV
Private fund gross assets (reported)$40.9MMay 3, 2024FactForm ADV
Schedule a diffsadiff-1May 20, 2026FactForm ADV
Stated geographyMidwest, new england, pacific northwest, southeast, texas
“geography words on the home page”
Oct 1, 2026Factno URL
Stated geographyMidwest, new england, pacific northwest, southeast, texas
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyMidwest, new england, pacific northwest, southeast, texas
“geography words on the home page”
Sep 15, 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 15, 2026Factno URL
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported25May 20, 2026FactForm ADV
Venture funds reported25May 20, 2026FactForm ADV
Venture funds reported22May 3, 2024FactForm ADV
WebsiteMay 20, 2026FactForm ADV
WebsiteMay 3, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMicro VC, confirmedShow
Importance
62
high
Active deployment
71
high
Emerging
0
low
Freshness
100
high
Micro VCSEC exempt reporting adviser

Venture manager, reported GAV $39.8M across 27 vehicles

The inputs behind each score
importance
gav: 0.18 · funds: 1 · people: 1 · investments: 0.74 · co investors: 0.69
active deployment
investments 12m: 0.38 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-06-02
emerging manager
fund count: 29 · reported gav: $39.8M · first adv filing: 2014-12-22 · years since first filing: 11.8

Fits, record history and connections

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

Fits

123 scored matches, best firstas of
  • score 62.9confidence 100%
    Why: sector fit; stage fit; geography fit; activity
    Watch: adjacent portfolio
  • score 62.3confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 48.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

+120 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
    2014-12-22source 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.