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 / Banana Capital Management, LLC
Banana Capital Management, LLC
name or self-description says seed
Importance
4
low
Active deployment
60
high
Emerging
56
elevated
Completeness
56
elevated
Freshness
100
high
Research priority
30
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 616-916-2849adviserinfo.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
- Mar 24, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $11.6Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 616-916-2849adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, fintech, consumer, hardware, devtools, gaming, media, b2b
- Stages
- pre seed, seed, early
- Geography
- asia, europe
- 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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Banana Capital Fund III, L.P. | Fund | 2024 form d first sale | Fundraising | unknown | unknown | $1.3M of $10.0M | Oct 3, 2025 |
| Qp-Banana Capital Fund II, L.P. | Fund | 2022 form d first sale | Active deployment | $5.2M Mar 29, 2024 | 40 | $6.9M of $6.9M | Apr 6, 2023 |
| Banana Capital Fund II, L.P. | Fund | unknown | Unknown | $2.1M Mar 29, 2024 | 30 | 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
1 current, 0 departed
Turner Novak
PartnerMember · since Jan 1, 2021
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
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
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, 2026Banana Capital Management, LLC: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 23, 2023Banana 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 23, 2023Qp-Banana Capital Fund II, L.P. first reported on Form ADV by Banana Capital Management, LLC (Venture Capital Fund), GAV $1,693,170Fund first reported on Form ADVFundsFactQp-Banana Capital Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 23, 2023Banana Capital Fund II, L.P. first reported on Form ADV by Banana Capital Management, LLC (Venture Capital Fund), GAV $581,759Fund first reported on Form ADVFundsFactBanana Capital Fund II, L.P.SEC 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 15, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $7.3M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $2.1M across 2 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $2.1M across 1 vehicles
Evidence
37 observations from 3 sources