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The Venture Codex

MHS Capital

1301 Sansome Street, San Francisco, CA, 94111, United States

Overview

Venture capital fund backed by technology executives and entrepreneurs.

Founded

2006

Deals ยท 12mo

1

Links

Website

Stage focus

Seed
Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

42rounds
NAMEDATESIZE
Schematic
Apr 2026Participated
$7 MOther Equity
Schematic
Sep 2024Led
$5 MSeed
Farmblox
Jul 2024Participated
$3 MSeed
Xano
Nov 2022Led
$5 MOther Equity
Inflection.io
May 2022Led
$5 MSeed
Zenput
Jul 2021Participated
$27 MSeries C
Qualio
May 2021Participated
$50 MSeries B
Qualio
Jul 2020Participated
$11 MSeries A
Grove Collaborative
Sep 2019Participated
$150 MSeries D
Zippia
Apr 2019Participated
$9 MSeries A
Kindly Care
Jul 2018Participated
$5 MSeries A
Outreach
May 2018Participated
$65 MSeries D
Schematic
Apr 2026Participated
$7 MOther Equity
Schematic
Sep 2024Led
$5 MSeed
Farmblox
Jul 2024Participated
$3 MSeed
Xano
Nov 2022Led
$5 MOther Equity
Inflection.io
May 2022Led
$5 MSeed
Zenput
Jul 2021Participated
$27 MSeries C
Qualio
May 2021Participated
$50 MSeries B
Qualio
Jul 2020Participated
$11 MSeries A
Grove Collaborative
Sep 2019Participated
$150 MSeries D
Zippia
Apr 2019Participated
$9 MSeries A
Kindly Care
Jul 2018Participated
$5 MSeries A
Outreach
May 2018Participated
$65 MSeries D
42
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

MHS Capital: 42 funding rounds are recorded in the selected participation categories.All available history.
MHS Capital: 42 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed45
Series A29
Series B19
Series C+06
Other Equity42

Monthly Deal Activity

MHS Capital: 42 deals are recorded across 225 months.All available history.
MHS Capital: 42 deals are recorded across 225 months. All available history
MonthDeals
Feb '081
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '101
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '111
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '111
Nov '110
Dec '110
Jan '121
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '120
Oct '120
Nov '121
Dec '122
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '132
Jul '130
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '141
Feb '140
Mar '142
Apr '140
May '141
Jun '140
Jul '140
Aug '141
Sep '141
Oct '140
Nov '140
Dec '140
Jan '150
Feb '151
Mar '150
Apr '150
May '150
Jun '151
Jul '151
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '161
Jul '161
Aug '161
Sep '160
Oct '161
Nov '161
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '171
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

MHS Capital: Enterprise Software is the largest displayed sector by deal count (23 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

MHS Capital: Enterprise Software is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Enterprise Software23
Networks, Cloud & Communication19
Marketing & Advertising13
AI & Machine Learning7
Education & Workforce6
E-Commerce & Retail6
Professional Services6
Data, Analytics & IT5
Real Estate & Construction4
Health & Life Sciences4
Social & Community Platforms4
Consumer & Lifestyle3
Fintech3
Developer Tools3
Cybersecurity & Privacy2
Media & Entertainment2
Travel & Hospitality1
Transportation & Logistics1
Hardware & Robotics1
Manufacturing1
Food & Agriculture1

Deal Size Distribution

MHS Capital: 42 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

MHS Capital: 42 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M11
$10M-$25M8
$25M-$50M4
$50M-$100M3
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

MHS Capital: United States has the largest recorded deal count among the displayed regions (39 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

MHS Capital: United States has the largest recorded deal count among the displayed regions (39 deals). All available history
RegionDeals
United States39
Europe2
Canada1
MHS Capital: 20 co-investors are shown, with Mayfield sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

MHS Capital: 20 co-investors are shown, with Mayfield sharing 5 recorded deals. All available history
Co-investorShared deals
Mayfield5
Point Nine Capital5
Insight Partners4
NextView Ventures4
Trinity Ventures4
500 Global3
Compound Ventures3
Floodgate3
Jackson Square Ventures3
Javelin Venture Partners3
M123
Active Capital2
Bessemer Venture Partners2
Boldstart Ventures2
DFJ Growth2
Emergence Capital2
ff Venture Capital2
Four Rivers Group2
Frontline Ventures2
Madrona Venture Group2

Investment Strategy

MHS Capital: Led accounts for 26% and participating for 74% of round participation.All available history.
MHS Capital: Led accounts for 26% and participating for 74% of round participation. All available history
CategoryDeals (count)Share (%)
Led1126%
Participating3174%
MHS Capital: Single-lead accounts for 55% and co-led for 45% of lead dynamics.All available history.
MHS Capital: Single-lead accounts for 55% and co-led for 45% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead655%
Co-led545%

Team

Mark Sugarman

Founding General Partner

Vijay Nagappan

Principal/Partner