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 / Trident Capital, Inc.
Trident Capital, Inc.
Trident Capital is a multistage venture capital firm that has invested in over 180 companies since inception in 1993.
venture manager, reported GAV $173M across 4 vehicles
Importance
35
elevated
Active deployment
8
low
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
5
low
Identity and regulatory footprint
- Headquarters
- San Mateo, CAadviserinfo.sec.gov
- Office address
- 400 S EL CAMINO REAL, SUITE 1500, San Mateo, CA, 94402-1728adviserinfo.sec.gov
- Business phone
- 650-289-4400adviserinfo.sec.gov
- 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
- Jun 30, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $74.6Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-289-4400adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- cybersecurity
- Stages
- growth, multi stage
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
4 reported, 9 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Trident Capital Fund-Vii, L.P. | Fund | 2010 form d first sale | Harvest | $57.8M Apr 30, 2024 | 37 | $0 of $400M | Jan 13, 2010 |
| Trident Capital Fund-Vi, L.P. | Fund | unknown | Unknown | $110M Apr 30, 2024 | 69 | unknown | unknown |
| Trident Capital Fund-Vi Principals Fund, L.L.C. | Feeder or parallel | unknown | Unknown | $4.2M Apr 30, 2024 | 11 | unknown | unknown |
| Trident Capital Fund-Vii Principals Fund, L.L.C. | Feeder or parallel | unknown | Unknown | $1.6M Apr 30, 2024 | 14 | unknown | unknown |
| Trident Capital Fund-V, L.P. | Fund | unknown | Wound down | $7.8M Mar 31, 2020 | 155 | unknown | unknown |
| Trident Capital Fund-Iv, L.P. | Fund | unknown | Wound down | $3.4M Mar 27, 2014 | 119 | unknown | unknown |
| Trident Capital Parallel Fund-V, C.V. | Feeder or parallel | unknown | Wound down | $655,723 Mar 31, 2020 | 2 | unknown | unknown |
| Trident Capital Fund IV Principals Fund, L.P. | Feeder or parallel | unknown | Wound down | $125,008 Mar 27, 2014 | 6 | unknown | unknown |
| Trident Capital Fund IV Affiliates Fund (q), L.P. | Feeder or parallel | unknown | Wound down | $64,436 Mar 27, 2014 | 67 | unknown | unknown |
| Trident Capital Fund IV Affiliates Fund, L.P. | Feeder or parallel | unknown | Wound down | $52,115 Mar 27, 2014 | 60 | unknown | unknown |
| Trident Capital Fund-V Affiliates Fund (q), L.P. | Feeder or parallel | unknown | Wound down | $0 Mar 31, 2020 | 41 | unknown | unknown |
| Trident Capital Fund-V Affiliates Fund, L.P. | Feeder or parallel | unknown | Wound down | $0 Mar 31, 2020 | 41 | unknown | unknown |
| Trident Capital Fund-V Principals Fund, L.P. | Feeder or parallel | unknown | Wound down | $0 Mar 31, 2020 | 8 | unknown | unknown |
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
12 current, 5 departed
Arneek Multani
PartnerManaging Director
Donald Dixon
PartnerCo-founder and Managing Director
Donald Ross Dixon
PartnerCo-Chairman, Managing Director, Shareholder · since May 1, 1993
Gustavo Alberelli
PartnerManaging Director
John Hutchins Moragne
PartnerCo-Chairman, Managing Director, Shareholder · since May 1, 1993
John Moragne
PartnerCo-founder and Managing Director
Michael Biggee
PartnerManaging Director
Andrew Nishimura
Platform and operationsOutgoing Chief Financial Officer
Andrew Raymond Nishimura
Platform and operationsChief Financial Officer · since Jan 1, 2021
Howard Sheldon Zeprun
Platform and operationsChief Operating Officer, General Counsel, Secretary, Chief Compliance Officer · since Feb 1, 2002
Howard Zeprun
Platform and operationsChief Operating Officer and
Shirley Wong
Platform and operationsIncoming Chief Financial Officer
5 departed (kept with end dates)
- Arneek Arun Multani · Senior Managing Director · May 1, 2010 to Mar 20, 2015 Inference
- Evangelos Simoudis · Senior Managing Director · May 1, 2010 to Mar 27, 2014 Inference
- Bonnie Neuwald Kennedy · Chief Financial Officer, Managing Director, Treasurer · Oct 1, 1999 to Sep 19, 2012 Inference
- Jennifer Lynn Gunn · Chief Financial Officer · Apr 1, 2018 to Mar 31, 2021 Inference
- Michael James Derrick · Chief Financial Officer · Jan 1, 2015 to Mar 31, 2019 Inference
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Current Portfolio | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Notable Prior Investments | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
5 disclosed
- Alaska Permanent Fund Corporation in Trident Capital Fund-Vii, L.P. $15.0M apfc.org
- Massachusetts Pension Reserves Investment Management Board amount undisclosed mapension.com
- Los Angeles City Employees' Retirement System in Trident Capital Fund-V, L.P. $3.8M lacers.org
- Los Angeles City Employees' Retirement System in Trident Capital Fund-Vi, L.P. amount undisclosed lacers.org
- Los Angeles City Employees' Retirement System in Trident Capital Fund-V, L.P. $3.8M lacers.org
Timeline
32 dated events
- Jun 30, 2025Mass PRIM lists Trident Capital Management among its private equity managers
- Mar 31, 2021Trident Capital Fund-V Affiliates Fund, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund-V Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Trident Capital Parallel Fund-V, C.V. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Parallel Fund-V, C.V.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Trident Capital Fund-V, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund-V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Trident Capital Fund-V Affiliates Fund (q), L.P. no longer reported on Form ADV by Trident Capital, Inc.
- Mar 31, 2021Trident Capital Fund-V Principals Fund, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund-V Principals Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Jennifer Lynn Gunn (Chief Financial Officer) no longer on Schedule A of Trident Capital, Inc.
- Jan 1, 2021Andrew Raymond Nishimura joined Schedule A of Trident Capital, Inc. as Chief Financial Officer
- Mar 31, 2019Michael James Derrick (Chief Financial Officer) no longer on Schedule A of Trident Capital, Inc.
- Apr 1, 2018Jennifer Lynn Gunn joined Schedule A of Trident Capital, Inc. as Chief Financial Officer
- Mar 20, 2015Trident Capital Fund IV Affiliates Fund, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund IV Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2015Trident Capital Fund IV Affiliates Fund (q), L.P. no longer reported on Form ADV by Trident Capital, Inc.
- Mar 20, 2015Trident Capital Fund-Iv, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund-Iv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 20, 2015Arneek Arun Multani (Senior Managing Director) no longer on Schedule A of Trident Capital, Inc.
- Mar 20, 2015Trident Capital Fund IV Principals Fund, L.P. no longer reported on Form ADV by Trident Capital, Inc.Fund no longer reportedFundsInferenceTrident Capital Fund IV Principals Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2015Michael James Derrick joined Schedule A of Trident Capital, Inc. as Chief Financial Officer
- Mar 27, 2014Evangelos Simoudis (Senior Managing Director) no longer on Schedule A of Trident Capital, Inc.
- Sep 19, 2012Bonnie Neuwald Kennedy (Chief Financial Officer, Managing Director, Treasurer) no longer on Schedule A of Trident Capital, Inc.
- Mar 29, 2012Trident Capital Fund-Iv, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $153,612,450Fund first reported on Form ADVFundsFactTrident Capital Fund-Iv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-Vi, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $314,512,041Fund first reported on Form ADVFundsFactTrident Capital Fund-Vi, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-Vii, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $148,708,708Fund first reported on Form ADVFundsFactTrident Capital Fund-Vii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Parallel Fund-V, C.V. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $20,896,037Fund first reported on Form ADVFundsFactTrident Capital Parallel Fund-V, C.V.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-Vi Principals Fund, L.L.C. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $12,158,317Fund first reported on Form ADVFundsFactTrident Capital Fund-Vi Principals Fund, L.L.C.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-Vii Principals Fund, L.L.C. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $4,209,688Fund first reported on Form ADVFundsFactTrident Capital Fund-Vii Principals Fund, L.L.C.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-V Affiliates Fund, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $1,889,083Fund first reported on Form ADVFundsFactTrident Capital Fund-V Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-V Affiliates Fund (q), L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $1,795,312Fund first reported on Form ADVFundsFactTrident Capital Fund-V Affiliates Fund (q), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund IV Principals Fund, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $5,850,051Fund first reported on Form ADVFundsFactTrident Capital Fund IV Principals Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-V Principals Fund, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $7,807,002Fund first reported on Form ADVFundsFactTrident Capital Fund-V Principals Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund-V, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $277,589,209Fund first reported on Form ADVFundsFactTrident Capital Fund-V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund IV Affiliates Fund (q), L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $2,863,058Fund first reported on Form ADVFundsFactTrident Capital Fund IV Affiliates Fund (q), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital Fund IV Affiliates Fund, L.P. first reported on Form ADV by Trident Capital, Inc. (Venture Capital Fund), GAV $2,090,750Fund first reported on Form ADVFundsFactTrident Capital Fund IV Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2012Trident Capital, Inc. 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)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $173M across 4 vehicles
- Sep 14, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $173M across 5 vehicles
- Sep 13, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $173M across 6 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $173M across 4 vehicles
Evidence
61 observations from 3 sources