Capital A Partners

What Capital A Partners does

Capital A Partners (CapA) is a privately held early stage microVC/angel investment fund founded in 2013, co-led by Tanya Horowitz (Stockholm) and David Mendez (Charleston) as Managing Partners. The fund deploys capital into startups across the United States and Nordic/European Union markets, positioning itself as a pioneer in cross-border early stage investing along the Nordic>USA corridor. Deal flow originates from three channels: direct submissions through the CapA website form, referrals from affiliated institutional venture funds (Butterfly Ventures in the Nordics and Good Growth Capital in the U.S.), and direct angel checks executed through CapA's evergreen microinvesting platform.

CapA's underlying offering is not a technology platform but an evergreen investment vehicle combined with co-founder network access. Both co-founders maintain parallel operating roles at partner funds — Horowitz as Partner at Butterfly Ventures (Stockholm/Helsinki) and Mendez as Managing Partner at Good Growth Capital (since 2017) and former Managing Director of the Techstars/Arcadis City of 2030 Accelerator in Amsterdam. This networked structure gives CapA referral access to a broader deal pipeline than its two-person team could source independently. The visible portfolio spans approximately 18 companies across diverse verticals including healthtech, supply chain, SaaS, industrial, and consumer brands.

The fund's revenue model is transaction-driven: returns are generated through portfolio company equity outcomes — IPOs, acquisitions, and secondary sales — typical of microVC economics, with no disclosed management fee revenue, fund vehicle size, or LP base. The company has no proprietary technology products, no app or API surface, no disclosed patents, and no AI/ML capabilities of its own. CapA operates as a relationship-driven, capital-deployment business rather than a software or services business, with all value creation contingent on the principals' networks and the realized performance of portfolio investments.

Name

Capital A Partners

Legal name

Capital A Partners

Website

http://www.capitalapartners.com/

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Capital A Partners (CapA) is a privately held microVC/angel fund co-founded in 2013 by Tanya Horowitz and David Mendez, investing early stage capital into startups across the United States and Nordic/E.U. markets through direct angel checks and referrals via Butterfly Ventures and Good Growth Capital.

Ownership category

akta.pro rank

Product category

Early Stage Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital fund
• Angel investing
• Early stage startups
• MicroVC fund
• Cross-border investing

Headquarters

HQ city

Charleston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Returns / Fund Management: Generates returns through equity investments in early stage startups across U.S. and Nordic/E.U. markets. As a microVC fund, returns come from portfolio company exits, IPOs, and secondary sales.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Capital A Partners (CapA) is an early-stage microVC/angel fund that invests equity capital into startups across sectors in the U.S. and the E.U., with a focus on cross-border Nordic>USA deals. The fund sources opportunities directly through its evergreen microinvesting platform and via referrals from partner funds Butterfly Ventures and Good Growth Capital. It is a privately held, co-founder-led investment fund operating since 2013 with offices in Stockholm and Charleston.

Product overview

CapA operates as a single unified microVC/angel investment fund focused on early stage startups in the U.S. and Nordic/E.U. markets since 2013. The fund functions through its evergreen microinvesting platform and evaluates investment opportunities both directly and through its associated partners Butterfly Ventures and Good Growth Capital. The company does not offer a modular platform architecture but rather a consolidated investment fund structure.

Differentiator

Problem solved

Functional benefit

Products and services

• CapA MicroVC/Angel Investment Fund Early-stage microVC/angel fund that invests equity capital into startups across sectors in the U.S. and the E.U., with a focus on cross-border deals between the Nordic region and the USA; operates as a pioneer in cross-border early-stage investing since 2013.
• Evergreen Microinvesting An angel investment mechanism through which CapA considers and executes direct angel investments in startups, sourced via the CapA website contact form and operated as an evergreen (continuously deploying) microinvesting platform.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Regional players

• Atomico: London-based European technology VC founded by Skype's Niklas Zennström. Targets ambitious European tech founders at growth stages, competing for some of the same later-stage European deal flow CapA portfolio companies may graduate into.
• Creandum: Leading Nordic-focused early-stage VC based in Stockholm. Operates in the same Nordic tech ecosystem CapA targets and competes for similar seed-stage Nordic deals, but is primarily a regional player without CapA's U.S. bridge.
• Northzone: Established Nordic-origin VC with offices in Stockholm, London, and New York. Comparable cross-Atlantic model to CapA but with substantially more AUM and a multi-stage strategy spanning seed through growth.

Broad incumbents

• Techstars: Global accelerator network where David Mendez served as Managing Director of the Techstars/Arcadis City of 2030 Accelerator. Same early-stage ecosystem, but operates at vastly larger scale with a structured accelerator program rather than evergreen angel investing.
• Antler: Global early-stage VC and accelerator with a strong Nordic presence that originates deals at pre-seed and seed — directly competing for the same founder pool CapA targets across the U.S.–Nordic corridor.
• Index Ventures: Major transatlantic VC with strong presence in both San Francisco/纽约 and London, investing across stages including seed. Competes for the most promising U.S./European founders CapA also targets, but at meaningfully larger check sizes and brand recognition.
• Y Combinator: The largest global startup accelerator, providing seed funding and intensive mentorship to early-stage startups. Comparable to CapA's stage focus but with a portfolio and brand many orders of magnitude larger.
• 500 Global (formerly 500 Startups): Large global early-stage venture firm with a multi-manager, multi-region model including an active Nordic program. Operates at substantially larger scale than CapA but competes for the same seed-stage deal flow.

Direct peers

• Good Growth Capital: Early-stage venture fund where CapA co-founder David Mendez has served as Managing Partner since 2017. Operates the same business model (early-stage equity investing) and shares deal flow with CapA, making it the most direct comparable peer.
• Butterfly Ventures: Nordic-focused early-stage deep tech VC where CapA co-founder Tanya Horowitz is a Partner. Mirrors CapA's Nordic thesis and shares deal flow, with comparable check sizes and stage focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/davethevc
• Facebookfacebook.com/capitalapartners
• LinkedInlinkedin.com/company/capapartners

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

Investments9 records

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

Frequently asked questions about Capital A Partners