FOD Capital
FOD Capital is a privately held family office investment fund, founded in Key West, Florida in 2017, that makes direct structured secured bridge debt investments with equity kickers into approximately 30 earlier-stage growth companies across healthcare, consumer, technology, transportation, and hospitality.
- Company typePrivate
- Founded2017
- HeadquartersKey West, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FOD Capital does
FOD Capital, LLC is a privately held family office investment fund headquartered in Key West, Florida, organized in December 2017 by Donald Foss and Michael Raymond. The firm invests directly into earlier-stage growth companies and entrepreneurial businesses using a preferred instrument of structured secured bridge debt combined with equity "kickers" via warrant coverage and/or conversion features, targeting mid-term holding periods and above-average yields with moderate risk profiles. FOD's investment criteria emphasize experienced, disciplined management, disruptive technologies or products, large "white-space" exploitable markets, and reasonably foreseeable liquidity events such as sale/mergers or IPOs.
FOD maintains a diversified portfolio of approximately 30 companies spanning healthcare (Amwell, Invo Bioscience, Vyant Bio, EdenRoc Sciences, Muhdo Health, UroDev Medical, TMS Solutions), food and beverage (Tropical Smoothie Cafe, Wahlburgers, Great Lakes Coffee, Social Misfits, Bounce, Green Zebra Grocery), technology and transportation (Zymergen, Arcimoto, TOMCAR, Beet, VR Studios), fitness and consumer (F45 Training, Municipal, Happiest Baby, Sunflow), and hospitality (Sonder, The Perry Hotel, A&B Marina, Dockwa), plus media (Palm Drive Productions) and industrials (Ardagh Metal Packaging). The fund operates without disclosed fund vehicles or third-party LP capital, sourcing deals through the founders' personal networks, proprietary referrals, and co-investment relationships with other like-minded family offices.
Following co-founder Donald Foss's death on August 14, 2022, Michael Raymond continues as Managing Director with a lean team (1–10 employees) including a Director of Accounting and Finance (Matt Strunk) and a Senior Associate (Georges Durot). The firm is structured as a Florida LLC, generates returns through portfolio realizations rather than disclosed management fees, and has not pursued external fundraising, public listings, or acquisitions of operating businesses.
FOD Capital firmographics
Firmographics- Name
- FOD Capital
- Legal name
- FOD Capital, LLC
- Website
- https://fodcapital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FOD Capital is a privately held family office investment fund, founded in Key West, Florida in 2017, that makes direct structured secured bridge debt investments with equity kickers into approximately 30 earlier-stage growth companies across healthcare, consumer, technology, transportation, and hospitality.
- Ownership category
- akta.pro rank
Where FOD Capital is headquartered
LocationHeadquarters
- HQ city
- Key West
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FOD Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
FOD Capital product offering
Product offeringCore offering
FOD Capital is a family office investment fund that provides structured secured bridge debt with equity kickers (warrant coverage and/or conversion features) to earlier-stage, exceptional-yield-potential companies. The fund targets profitable growth companies with experienced management, disruptive technologies or products, large exploitable markets, and reasonably foreseeable liquidity events (sale/mergers or IPOs), with mid-term holding periods and moderate risk elements.
Differentiator
Problem solved
Functional benefit
Products and services
- FOD Capital Investment Fund A family office investment fund that provides structured secured bridge debt with equity kickers (warrant coverage and/or conversion features) to earlier-stage, exceptional-yield-potential companies with experienced management, disruptive technologies, and large exploitable markets. The fund also makes direct equity investments with mid-term holding periods targeting liquidity events such as sale/mergers or IPOs.
Companies that use FOD Capital
Customer profileSegments2 records
Ideal customer profiles2 records
FOD Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FOD Capital partnerships and signals
Strategic signalScale indicators1 record
Expansion highlights3 records
FOD Capital competitors and assessment
Company assessmentBroad incumbents
- KKR: Global alternative-asset manager with deep private equity, credit, and growth franchises. Competes with FOD in direct investments and structured debt for mid-market companies but offers institutional scale and multi-strategy breadth.
- Blackstone: Largest global alternative-asset manager with extensive private equity, credit, and venture franchises. Comparable to FOD as a competing source of structured debt and direct PE capital, but operating at materially larger scale and breadth.
Direct peers
- Duquesne Family Office: Single-family office managing the Soros family's capital with a long-term, multi-strategy direct investment approach. Comparable to FOD in deploying family capital directly into operating businesses and financial instruments across varied sectors.
- Genstar Capital: Middle-market private equity firm making direct, active investments in growth-stage operating companies. Comparable to FOD in targeting profitable growth companies with foreseeable liquidity paths and partnership-style governance.
- Moelis Capital Partners: Private equity affiliate of the Moelis family that invests directly in mid-market companies. Highly analogous to FOD's family-office structure, opportunistic deal sourcing, and flexible holding-period approach.
- Bel Air Investment Advisors: Multi-family office managing direct private investments alongside traditional allocations. Comparable to FOD in deploying family capital into direct deals with operational involvement and patient holding periods.
- Trilantic North America: Private equity firm with family-office-style sponsorship that makes direct control and growth investments in mid-market companies. Comparable to FOD in mid-term holding periods, sector flexibility, and bridge/structured-debt orientation.
- Pritzker Private Capital: Family-office-affiliated middle-market private equity firm that makes direct, long-duration investments in operating companies. Highly comparable to FOD in structure, holding-period philosophy, and emphasis on entrepreneurial leadership.
- Wellspring Capital Management: Middle-market private equity firm executing control and structured-equity investments. Comparable to FOD in its preference for structured instruments and operational, hands-on partnership with portfolio company founders.
- Long Wharf Capital Partners: Private equity firm focused on direct investments in lower-middle-market operating companies. Comparable to FOD in targeting simple business models, transparent entrepreneurs, and structured-debt-or-equity flexibility.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
FOD Capital social profiles
Digital presenceFOD Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
FOD Capital leadership team
Management profileNumber of profiles
Profiles3 records
FOD Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FOD Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FOD Capital
What does FOD Capital do?
FOD Capital is a family office investment fund that provides structured secured bridge debt with equity kickers (warrant coverage and/or conversion features) to earlier-stage, exceptional-yield-potential companies. The fund targets profitable growth companies with experienced management, disruptive technologies or products, large exploitable markets, and reasonably foreseeable liquidity events (sale/mergers or IPOs), with mid-term holding periods and moderate risk elements.
Is FOD Capital a public or private company?
FOD Capital is a private company. It is classified as family owned and is currently operating.
When was FOD Capital founded?
FOD Capital was founded in 2017. It employs 1 to 10 people.
Where is FOD Capital based?
FOD Capital is headquartered in Key West, United States, in the North America region.
Who are FOD Capital's main competitors?
Broad incumbents on record are KKR and Blackstone. Direct peers are Duquesne Family Office, Genstar Capital, Moelis Capital Partners, Bel Air Investment Advisors, Trilantic North America, Pritzker Private Capital, Wellspring Capital Management and Long Wharf Capital Partners.
Does FOD Capital have an API?
No public API is recorded for FOD Capital.