Investor profile
Karmel Capital Management LLC
VC
See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
Karmel Capital is a technology specialist investing in high-growth, late-stage enterprise technology companies via direct secondaries, primaries, and co-investments. The firm focuses on data-driven investments in high-growth, capital-efficient enterprise technology and AI infrastructure companies, offering flexible liquidity solutions for corporate stakeholders and venture capital partners seeking exits in pre-IPO companies. Founded in 2013 and based in Solana Beach, California, Karmel operates dedicated funds with $450M AUM across approximately 41 portfolio company investments. The firm's differentiated approach centers on the technology secondary market — sourcing direct secondary transactions from early investors and employees — rather than competing on primary term sheets, allowing disciplined pricing and access to proven late-stage companies before they go public.
Notable quotes
“We felt like, if you're not in technology, you're just not going to be successful in today's world. However, we didn't want to just be a traditional venture capital firm that was putting term sheets on top of ten others and trying to just win on price. We're a small firm. Why would we win a deal other than just out pricing somebody, and that's just not our style.”
“We are grateful for the strong support from both our existing and new limited partners. The swift fundraising process and oversubscription of the fund highlight our team's commitment to investor trust and our continuing fundamental commitment to technology investment through direct secondaries.”
“We've been a firm through our strategy that's been able to deliver on some sort of outcome that generates liquidity for investors. As we've done that organically and have merited results with our current LPs, as we've gone out to engage with new LPs, the story has resonated.”
Team
Scott Neuberger
Co-Founder & Managing Partner
Kevin Dobies
Principal
Alex Banham
Principal Data Scientist
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Databricks | Secondary Market | — | — |
| CoreWeave | Secondary Market | $642m | 2023-12-03 |
| Rubrik | Secondary Market | — | — |
| Algolia | Secondary Market | — | — |
| Attentive | Secondary Market | — | — |
| Automation Anywhere | Secondary Market | — | — |
| Moveworks | Secondary Market | $1m | 2023-12-01 |
| Replit | Secondary Market | — | — |
| HelloSky | Seed VC - II | $6m | 2025-04-23 |
| Icertis | Secondary Market | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Fidelity Investments | 1 |
| J.P. Morgan Asset Management | 1 |
| Jane Street Group | 1 |
| Zoom Ventures | 1 |
| Goanna Capital | 1 |
| True Capital Partners | 1 |
Fit check
Is Karmel Capital Management LLC a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit