Cannage Capital

SEC exempt reporting adviser (venture capital exemption).

Website: http://www.cannagecap.com
HQ: NV

Cannage Capital partners with exceptional founders building across the AI stack, from semiconductors to software infrastructure to applications across industries. The team has previously backed companies including Cruise Automation, Covariant, Human, Forter, Sardine, Ginkgo Bioworks, and Hinge Health. Shelley Zhuang is Founder and Managing Partner, and Jake Smith is a Partner.

01 · Says / Does

Tag	Says	Does
Stages	Not stated	Not enough dated deals
Sectors	AI infra, AI applications, Semiconductors	Not enough dated deals
Regions	Not stated	Not enough dated deals

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

02 · Fund history

Fund	Year	Size	Status
Cannage Capital I, L.P. Cannage Capital partners with founders building across the AI stack, from semiconductors and software infrastructure to applications across industries, aiming to back enduring companies. Inferred from the firm's website	2024	$94.8M to $100M (Form D)	Open, writing first checks
11.2 Capital III, L.P. Cannage Capital partners with founders building across the AI stack, from semiconductors and software infrastructure to applications across industries, aiming to back enduring companies. Inferred from the firm's website	2022	$63.5M to $150M (Form D)	Open, writing first checks

03 · People across funds

Qian Zhuang, Managing Member of the General Partner
Cannage Capital I, L.P. (Named on Form D); 11.2 Capital III, L.P. (Named on Form D)
Jake Smith, Partner
Cannage Capital I, L.P. (Team); 11.2 Capital III, L.P. (Team)
Shelley Zhuang, Founder & Managing Partner
Cannage Capital I, L.P. (Team); 11.2 Capital III, L.P. (Team)

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026