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MHS Capital

North America, California, United States, San Francisco

Description

MHS Capital is a San Francisco-based venture capital firm founded by Marc Sugarman, specializing in early-stage investments. The firm distinguishes itself through its unique backing by an extensive network of accomplished technology executives and entrepreneurs, providing portfolio companies with not only capital but also strategic guidance and access to valuable industry connections. This collaborative approach aims to accelerate the growth and success of the startups they support.

The firm primarily focuses on seed and pre-seed stage companies, demonstrating a broad investment appetite across various technology sectors. Their portfolio spans diverse areas including enterprise SaaS, FinTech, artificial intelligence, developer tools, and consumer applications, reflecting a keen interest in disruptive innovation across the digital landscape. MHS Capital seeks out visionary founders with strong execution capabilities, aiming to be a foundational partner in their entrepreneurial journey.

MHS Capital typically deploys initial checks ranging from approximately $250,000 to $750,000, positioning them as a crucial early capital provider for emerging startups. Their active engagement in the startup ecosystem is evident in their robust portfolio, which, according to recent data, includes investments in over 68 companies. The firm has also seen a significant number of successful exits, with more than 15 companies from its portfolio achieving liquidity events, underscoring their ability to identify and nurture promising ventures.

Investor Profile

MHS Capital has backed more than 68 startups, with 1 new investments in the last 12 months alone. The firm has led 16 rounds, about 24% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Finland, Canada.
  • Strong thematic focus on Software, Internet, SaaS.
  • Led 1 rounds in the past year.
  • Typical check size: $250K – $750K.

Stage Focus

  • Series A (31%)
  • Seed (26%)
  • Series B (21%)
  • Series Unknown (10%)
  • Series C (9%)
  • Series D (3%)

Country Focus

  • United States (91%)
  • Finland (3%)
  • Canada (3%)
  • Kenya (1%)
  • Brazil (1%)

Industry Focus

  • Software
  • Internet
  • Saas
  • Enterprise Software
  • Advertising
  • Mobile
  • E-commerce
  • Analytics
  • Crm
  • Productivity Tools
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does MHS Capital frequently co-invest with?

Founders' Co-op
North America, Washington, United States, Seattle
Co-Investments: 4
Mayfield Fund
North America, California, United States, Menlo Park
Co-Investments: 6
NextView Ventures
North America, New York, United States, New York
Co-Investments: 4
500 Global
North America, California, United States, San Francisco
Co-Investments: 4
Trinity Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 4
Madrona
North America, Washington, United States, Seattle
Co-Investments: 4
Jackson Square Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Frontline Ventures
Europe, England, United Kingdom, London
Co-Investments: 4
Point Nine
Europe, Berlin, Germany, Berlin
Co-Investments: 4

Which angels does MHS Capital often collaborate with?

AS
North America, Washington, United States, Seattle
Shared Deals: 2
TW
North America, California, United States, San Francisco
Shared Deals: 3
SH
North America, California, United States, San Francisco
Shared Deals: 2
JG
North America, California, United States, San Francisco
Shared Deals: 2
Ryan Holmes
North America, British Columbia, Canada, Vancouver
Shared Deals: 2
TJ
North America, Washington, United States
Shared Deals: 2
RG
North America, Washington, United States, Seattle
Shared Deals: 2
LB
North America, California, United States, San Francisco
Shared Deals: 2
AS
North America, Washington, United States, Seattle
Shared Deals: 2
AB
North America, Washington, United States, Seattle
Shared Deals: 1

What are some of recent deals done by MHS Capital?

Auto Hauler Exchange

Rochester, Michigan, United States

Auto Hauler Exchange is a vehicle logistics marketplace directly connecting shippers and carriers – saving you time and money.

AutomotiveInformation TechnologyLogisticsMarketplace
Series AFeb 4, 2025
Amount Raised: $5,000,000
Farmblox

Waltham, Massachusetts, United States

Farmblox utilizes IoT and AI to give farmers the tools to automate their operations.

AgTechFarmingInternet of ThingsMachine Learning
SeedJul 23, 2024
Amount Raised: $2,500,000
Xano

Woodland Hills, California, United States

Xano provides a scalable backend, database, ready-to-use API, and a No Code business logic builder to transform data to and from any source.

Cloud InfrastructureDeveloper APIsDeveloper ToolsMobile AppsWeb Apps
Series AOct 12, 2023
Amount Raised: $9,999,994
Keyplay

Seattle, Washington, United States

Keyplay is a software company that focuses on account research to help B2B teams cut waste and improve sales confidence.

B2BSalesSoftware
SeedDec 7, 2022
Amount Raised: $3,000,000
Xano

Woodland Hills, California, United States

Xano provides a scalable backend, database, ready-to-use API, and a No Code business logic builder to transform data to and from any source.

Cloud InfrastructureDeveloper APIsDeveloper ToolsMobile AppsWeb Apps
SeedAug 1, 2022
Amount Raised: $5,000,000
Inflection.io

Seattle, Washington, United States

Inflection.io is a venture-backed product company that builds marketing technology to power product-led growth.

B2BComputerMarketingSoftware
SeedMay 18, 2022
Amount Raised: $5,000,000
Zenput

San Francisco, California, United States

Zenput develops an operations execution software for restaurants, c-stores, and grocers.

Enterprise SoftwareMobileProductivity ToolsSoftware
Series CJul 20, 2021
Amount Raised: $27,000,000
Qualio

San Francisco, California, United States

Qualio is a quality management system helping life sciences companies bring quality products to the market.

BiotechnologyLife ScienceMedical DevicePharmaceuticalProductivity ToolsQuality AssuranceSoftwareTherapeutics
Series BMay 25, 2021
Amount Raised: $50,000,000
Pienza

Seattle, Washington, United States

Pienza is ideate, fund, and build SaaS unicorns with high conviction and high time & capital concentration.

Financial Services
SeedDec 8, 2020
Amount Raised: $5,100,000
Qualio

San Francisco, California, United States

Qualio is a quality management system helping life sciences companies bring quality products to the market.

BiotechnologyLife ScienceMedical DevicePharmaceuticalProductivity ToolsQuality AssuranceSoftwareTherapeutics
Series AJul 16, 2020
Amount Raised: $11,000,000