DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Inner Loop Capital Management, LLC
Inner Loop Capital Management, LLC
Inner Loop Capital is a Pre-Seed and Seed Venture Capital Firm Championing Technical Founders in Cybersecurity, Infrastructure, and AI
name or self-description says seed
Importance
17
moderate
Active deployment
26
moderate
Emerging
57
elevated
Completeness
75
high
Freshness
99
high
Research priority
23
moderate
Identity and regulatory footprint
- Headquarters
- Lutherville, MDadviserinfo.sec.gov
- Office address
- 1301 YORK ROAD, SUITE 800 #1186, Lutherville, MD, 21093adviserinfo.sec.gov
- Business phone
- 443-759-3561adviserinfo.sec.gov
- Website
- https://innerloopcap.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 17, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $53.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 443-759-3561adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
7 observed deals
Stated (the firm’s website)
- Sectors
- ai, deep tech, cybersecurity
- Stages
- pre seed, seed
- Geography
- maryland, silicon valley
- 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
Sectors
unknown 86%Other Technology 14%
lead rate n/afollow-on rate n/anew logos, 12 months 7
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Inner Loop Capital Fund II, LP | Fund | 2022 form d first sale | Active deployment | $22.7M Mar 20, 2024 | 17 | $24.2M of $24.2M | Jan 16, 2025 |
| Inner Loop Capital Fund, LP | Fund | 2020 form d first sale | Mature | $21.0M Mar 20, 2024 | 28 | $19.1M of $19.1M | May 4, 2021 |
GAV 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.
Investment team
11 current, 0 departed
Bryson Bort
Founder or executiveFounder of GRIMM and SCYTHE
Chris Petersen
Founder or executiveCo-founder & Former CEO, LogRhythm
RON Gula
Founder or executiveFounder of Tenable
Sounil Yu
OtherFormer Chief Security Scientist, Bank of America
Justin Clark Label
PartnerManaging Director · since Nov 1, 2019
Justin Label
PartnerJustin Label is the Managing Director of Inner Loop Capital.
Ray Rothrock
PartnerPartner Emeritus, Venrock
Bill Karpovich
Platform and operationsFormer Chief Security Officer, Salesforce
Grant Geyer
Platform and operationsChief Product Officer, Claroty; Former SVP Products, RSA
John Stewart
Platform and operationsFormer Chief Trust and Security Officer, Cisco
Shelley Liebowitz
Platform and operationsFormer Group Chief Information Officer, World Bank
Investments on record
7 edges, 7 companies, 0 partner-attributed
“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.
Co-investors
3 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
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.
Timeline
4 dated events
- Sep 15, 2026Inner Loop Capital Management, LLC: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 30, 2023Inner Loop Capital Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Inner Loop Capital Fund, LP first reported on Form ADV by Inner Loop Capital Management, LLC (Venture Capital Fund), GAV $20,556,713Fund first reported on Form ADVFundsFactInner Loop Capital Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Inner Loop Capital Fund II, LP first reported on Form ADV by Inner Loop Capital Management, LLC (Venture Capital Fund), GAV $22,328,535Fund first reported on Form ADVFundsFactInner Loop Capital Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $43.7M across 2 vehicles
Evidence
37 observations from 3 sources