What Full Spectrum Capital does

Full Spectrum Capital is a privately-held venture capital fund of funds manager founded in 2023 and headquartered at 1305 Franklin, Suite 250, Oakland, California. The firm operates the Community Wealth Fund I (CWF I), an integrated venture capital fund structured to invest across three diversified streams: social justice funds, emerging manager funds, and direct investments in early-stage startups. CWF I targets emerging VC fund managers with fund sizes under $50 million that deploy capital into wealth-building solutions across the health, food, climate, finance, and education sectors. The platform is positioned to support VC managers from first fund through institutional scale, addressing a structural gap in which institutional allocators typically arrive only after a manager is proven, by which time entry access is narrow and pricing is elevated.

The firm's core product is CWF I, which builds a portfolio by allocating capital to other venture funds and direct startups rather than building proprietary technology. No underlying technology platform, proprietary software, or AI/ML capabilities are disclosed. The portfolio currently comprises four fund investments: Supply Change Capital, Fiat Ventures, ImpaQTO Capital, and Orchid Capital Collective. The stated objective is to deliver market-rate financial returns alongside social returns through this integrated deep-impact approach.

Full Spectrum Capital is led by Managing Partners Jose D Lopez and Shaydi DeJesus, with co-founders Taj James and Ruben Hernandez also associated with leadership. The team is small (approximately two to four people), and the firm generates revenue through fund of funds management economics, including management fees and carried interest on CWF I, although specific pricing, AUM, and revenue figures are not publicly disclosed. Distribution occurs primarily through direct relationships with institutional allocators and emerging manager partners within the venture capital ecosystem.

Name

Full Spectrum Capital

Legal name

Full Spectrum Capital

Website

https://fullspectrumcap.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Full Spectrum Capital is a venture capital fund of funds firm operating the Community Wealth Fund I, which invests in emerging VC managers, social justice funds, and direct startups targeting wealth-building solutions across health, food, climate, finance, and education.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds (FSANAGAC)

akta.pro secondary industry

Primary Fund-of-Funds (Blind-pool FoF) (FSANAGAA)

Keywords

• Fund of funds
• Emerging manager funds
• Social justice investing
• Venture capital
• Impact investing

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Fund of Funds Management: Operates as a fund of funds generating returns through The Community Wealth Fund I (CWF), which invests in Social Justice Funds, Emerging Manager Funds, and direct investments in early-stage startups. Targets market-rate financial returns with social returns.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Full Spectrum Capital operates The Community Wealth Fund I (CWF I), an integrated venture capital Fund of Funds that invests in social justice funds, emerging manager funds, and direct investments in early-stage startups. The firm also operates an FoF Platform designed to support emerging VC managers from first fund through institutional scale, providing coaching, capital, and staying power before institutional allocators typically commit.

Product overview

Full Spectrum Capital operates as a capital ecosystem offering Fund of Funds products for emerging managers. The primary offering is the Community Wealth Fund I (CWF I), an integrated venture capital Fund of Funds focused on social justice and impact investing. The FoF Platform provides the supporting infrastructure for the full development arc of VC firms, with the Community Wealth Fund I representing the live product and additional components in development mode.

Differentiator

Problem solved

Functional benefit

Brands

• The Community Wealth Fund I (CWF): The company's first fund of funds, an integrated venture capital fund innovating comprehensive deep-impact and social justice investing, building community wealth while targeting fair returns for investors.

Products and services

• The Community Wealth Fund I (CWF I) An integrated venture capital Fund of Funds that invests across three diversified strategies: social justice funds, emerging manager funds, and direct investments in early-stage startups. Targets market-rate financial returns with social returns, and is focused on wealth-building solutions for communities in health, food, climate, finance, and education, with a preference for emerging ecosystems and standalone funds under $50 million.
• FoF Platform A capital ecosystem platform designed to support VC managers from first fund through institutional scale, providing coaching, capital, and staying power to emerging managers during their early development stages. The FoF product is live while additional platform components are in building mode.

Quantifiable outcome

• Target market-rate financial returns with unparalleled social returns

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Fairview Capital: Multi-manager private equity and venture capital platform with a focus on diverse and emerging managers, deploying fund-of-funds and co-investment vehicles. Directly comparable as an institutional emerging-manager FoF allocator.
• BV Capital (Black Venture Capital): Emerging-manager fund-of-funds and VC platform that invests in and supports first-time and underrepresented VC managers. Highly comparable to Full Spectrum Capital's emerging-manager FoF strategy with social-impact overlay.
• Cap Table Coalition: Community-led platform supporting emerging and underrepresented venture fund managers with capital, education, and deal flow. Highly comparable to Full Spectrum Capital's coaching-plus-capital emerging-manager model.
• Impact America Fund: Impact-focused venture fund investing in diverse managers and startups addressing social and economic inequities. Comparable mission-driven emerging-manager FoF/VC platform with similar social-justice overlay to CWF I.

Broad incumbents

• Greycroft Partners: Established venture capital firm investing across stages and emerging themes; broader incumbent in the VC ecosystem where Full Spectrum Capital's portfolio managers also deploy capital. Comparable as an institutional VC player rather than as a direct emerging-manager FoF.

Emerging players

• Pride Fund 1: Early-stage VC fund of funds and direct investor focused on LGBTQ+ and other underrepresented founders and managers. Comparable as an emerging, impact-aligned emerging-manager allocator with similar scale and stage.
• Fundrr: Platform providing infrastructure and capital support to emerging VC fund managers. Comparable as an enabling platform for emerging managers, though more infrastructure-oriented versus FoF-driven.
• SoGal Ventures: Early-stage venture fund investing in diverse founders across multiple geographies with a thesis-driven impact mandate. Comparable in mission alignment and stage of development, though operating more as a direct VC fund rather than FoF.
• Harlem Capital: Early-stage venture firm focused on investing in diverse founders and driving wealth creation in underserved communities. Comparable mission-driven emerging-manager VC, but operates as a direct fund rather than as a fund-of-funds.
• Precursor Ventures: Early-stage venture fund that invests in pre-seed and seed startups with a focus on overlooked founders. Comparable as an emerging, mission-aligned VC at a similar fund-size bracket to CWF I's underlying managers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Full Spectrum Capital