Human Capital

Human Capital is a multi-stage venture capital firm. We build and invest in companies that define the world’s most critical industries.We partner with founders to assemble teams that create exceptional businesses.

Portfolio
4 companies
Tracked Valuation
$6B
Companies Valued
2 of 4
Location
San Francisco, California, United States
Founded
2015
Team size
125

Investment focus

Human Capital's portfolio on More Capital spans healthcare & biotech, aerospace & defense, artificial intelligence. The firm is based in San Francisco, California, United States. Of the 4 portfolio companies tracked here, 2 have publicly reported valuations totaling approximately $6B.

If your company is backed by Human Capital

Employees at companies backed by Human Capital may encounter this fund's name on their cap table, in board communications, or in funding announcements. Understanding who invests in your employer can provide useful context when evaluating your equity.

What this means for your stock

Institutional investors like Human Capital typically hold preferred shares with rights that differ from the common stock or options held by employees. In a liquidity event, preferred shareholders may have liquidation preferences, anti-dilution protections, or board-level governance rights that affect the value of common equity. The specific terms depend on each company's funding agreements.

Secondary market considerations

Some venture-backed companies allow employees to sell shares on secondary markets, while others restrict transfers. Whether your company permits secondary sales, and under what conditions, is typically governed by the company's equity plan and any applicable right-of-first-refusal provisions — not by the fund itself. However, the presence of institutional investors can sometimes signal the maturity and governance structure of the company.

Work at a Human Capital-backed company?

Get personalized guidance on your equity — including valuation context, exercise planning, and liquidity options for employees at Human Capital portfolio companies.

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Human Capital portfolio companies

4 companies tracked on More Capital, sorted by reported valuation. 2 companies do not have a publicly reported valuation.

Top holdings by valuation

By sector

Healthcare & Biotech (2)

Aerospace & Defense (1)

Artificial Intelligence (1)

Latest Human Capital news

Is Singapore’s $70,000-a-child reset sustainable?
Is Singapore’s $70,000-a-child reset sustainable?
As fertility rates drop and trade tensions loom, Singapore is making a multi-generational bet on human capital. Read more at straitstimes.com.
The Straits TimesAug 26, 2026
Brillio Recognized with Two Gold Brandon Hall Group™ HCM Excellence Awards® for AI Native Talent Development
Brillio Recognized with Two Gold Brandon Hall Group™ HCM Excellence Awards® for AI Native Talent Development
Dallas (Texas) [US], August 26: Brillio, The Enterprise AI Accelerator, today announced it has won two Gold Brandon Hall Group™ HCM Excellence Awards®. Brillio received Gold in the Best Unique or Innovative Learning and Development Program category and Gold in the Best Learning Program Supporting a Change Transformation Business Strategy category, both for its AI Native Talent Development program. The HCM Excellence Awards® recognize organizations that develop and deploy programs, strategies, technologies, and solutions that deliver measurable business results and advance excellence in Human Capital Management. The recognition provides further validation of Brillio's Enterprise AI Accelerator strategy: scaling AI requires organizations to transform not only their technology and data foundations, but also the capabilities of the people who build, deploy, and operate AI-enabled businesses. A persona-based AI capability program spanning more than 5,500 employees in six countries earned Brillio Gold in two Brandon Hall categories -- Best Unique or Innovative Learning and Development Program, and Best Learning Program Supporting a Change Transformation Business Strategy.
ANI (Asian News International)Aug 26, 2026
Will Tanzania’s Early Childhood Strategy Turn Better Care Into Long-Term Human Capital Gains?
Will Tanzania’s Early Childhood Strategy Turn Better Care Into Long-Term Human Capital Gains?
Tanzania is integrating education, health, nutrition, protection and caregiving to build a stronger early childhood system and improve long-term human capital development. Success will depend on sustained financing, trained workers, effective government coordination and equitable access, creating important roles for development partners, communities and private providers.
DevdiscourseAug 26, 2026

Industries invested in

Frequent co-investors

Funds that most frequently co-invest alongside Human Capital in the same companies.

Last verified: 2026-08-26

Portfolio data compiled from public filings, press releases, and industry databases. Valuations are reported figures and may not reflect current market conditions. Not investment advice. Consult a qualified advisor before making financial decisions.