Acrew Capital
UnclaimedAt a Glance
- Check Size
- $1M – $15M
- Stage
- Seed, Series A, Series B+
- AUM
- $259M
- Sectors
- Fintech, Cybersecurity
- Founded
- 2020
- HQ
- San Francisco, CA
About Acrew Capital
Acrew Capital is a San Francisco multi-stage venture firm investing from Seed through Series B across fintech, cybersecurity, and enterprise software, under the banner of defining the future of venture. The firm was founded in 2019 by Theresia Gouw, Lauren Kolodny, Vishal Lugani, Asad Khaliq, and Mark Kraynak, most of them out of Aspect Ventures, and had its first vehicles in market by 2020.
Its structural difference is a community of more than 600 operator-investors who back the funds as limited partners and are pulled in for product feedback, customer introductions, and hiring. A second is the Diversify Capital Fund, a growth-stage vehicle writing $5 million to $15 million checks into later-stage technology companies while bringing women and underrepresented investors onto those cap tables.
The portfolio reads as a financial infrastructure and security book: Plaid, Ramp, Mercury, Modern Treasury, Unit, and Hippo Insurance on the fintech side, Vanta in compliance automation, and Figma in design collaboration. This listing records $259 million in assets under management, a figure below what coverage of the firm's 2021 and 2024 closes implies for the full platform.
Acrew sources through the operator network rather than banker relationships, typically leads or co-leads at Seed and Series A, then follows into growth rounds through its later-stage vehicle. General partner Aliisa Rosenthal, hired out of senior go-to-market roles in enterprise AI, extends the firm's coverage into applied AI, and the firm's security franchise runs back through Kraynak's Imperva years and Khaliq's work on Silverfort and CipherTrace.
Investment Thesis
“Multi-stage investor focusing on fintech and cybersecurity companies, leveraging a 600+ operator community network.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- Acrew was founded in 2019 by five partners, most of them out of Aspect Ventures, and moved into the market quickly.
- By September 2021 the firm had $680 million across new vehicles, with Cisco among the disclosed backers, split between its core early-stage strategy and the Diversify Capital Fund, a growth vehicle that writes $5 million to $15 million checks and brings women and underrepresented limited partners onto later-stage cap tables.
- In October 2024, marking five years in business, Acrew announced a further $700 million, without breaking out how much went to the early-stage strategy versus its discovery and growth vehicles.
- Public tallies now put the platform at roughly $1.7 billion in assets under management across about 142 portfolio companies, 16 of which have reached unicorn valuations.
- The $259 million recorded in this listing sits well below those published platform totals and appears to reflect a single vehicle rather than the firm as a whole.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Acrew Capital filed a Form D for 1 fund vehicle between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| Acrew CA, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Acrew Capital by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (3)
Related Articles (1)
Frequently Asked Questions
What stage does Acrew Capital invest at?
Acrew Capital primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Acrew Capital located?
Acrew Capital is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Acrew Capital focus on?
Acrew Capital focuses on investments in Fintech, Cybersecurity. Their portfolio reflects deep expertise and networks within these sectors.
What is Acrew Capital's typical check size?
Acrew Capital's typical investment check size ranges from $1M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Acrew Capital have under management?
Acrew Capital manages approximately $259M in assets under management (AUM) across their funds.
Similar Firms
Fund Operations Resources
Running a fund like Acrew Capital? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.