Palm Drive Capital LLC
Emerging managerSEC-registered investment adviser.
- Website
- http://www.palmdrive.vc
- HQ
- NY
Palm Drive Capital LLC partners early with founders building enduring companies, typically at pre-seed and seed. Its investment team includes Catherine Cai, Hendrick Lee, Henry Woram, Nick Hsu, and Seamon Chan. Portfolio companies named in the facts include Frame, Misprint, doDOC, Novig, Clipto.AI, and Mastra. Founders describe the firm as decisive, a strong long-term partner, and an early backer that doubled down.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed | Not enough dated deals | Seed, Series A, Growth, Series B |
| Sectors | Not stated | Not enough dated deals | Ecommerce, Enterprise SaaS, Healthtech, Fintech, Marketplaces |
| Regions | Not stated | Not enough dated deals | CA, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2014 | 3 | Enterprise SaaS, Cybersecurity, Fintech |
| 2015 | 3 | Digital health, Ecommerce, Fintech |
| 2016 | 8 | Ecommerce, Biotech, Consumer |
| 2017 | 14 | Enterprise SaaS, Ecommerce, Fintech |
| 2018 | 8 | Ecommerce, Enterprise SaaS, Healthtech |
| 2019 | 6 | Data analytics, Enterprise SaaS, Healthtech |
| 2020 | 2 | AI applications, Cybersecurity, Devtools |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2014 | 0 | 2 | 1 | 0 | 0 |
| 2015 | 0 | 1 | 1 | 1 | 0 |
| 2016 | 0 | 7 | 1 | 0 | 0 |
| 2017 | 0 | 4 | 4 | 1 | 2 |
| 2018 | 0 | 3 | 2 | 1 | 2 |
| 2019 | 0 | 0 | 3 | 2 | 1 |
| 2020 | 1 | 0 | 0 | 0 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Palm Drive Capital IV LP Palm Drive partners early with founders building enduring companies, typically at pre-seed and seed. It often writes the first check and stays close to founders, helping them through the messy parts of building. Inferred from the firm's website | 2022 | $41.85M (Form D) | Open, writing first checks |
| Minerva Palm Drive RF LLC Palm Drive partners early with founders building enduring companies, typically at pre-seed and seed. It often writes the first check and stays close to founders, helping them through the messy parts of building. Inferred from the firm's website | 2022 | $5.24M (Form D) | Late investment period |
03 · People across funds
- Hendrick Lee, Investment
Palm Drive Capital IV LP (Named on Form D); Minerva Palm Drive RF LLC (Named on Form D)
- Jocelyn Young, Managing Member of the Co-Manager of the Issuer
Minerva Palm Drive RF LLC (Named on Form D)
- Seamon Chan, Investment
Palm Drive Capital IV LP (Named on Form D); Minerva Palm Drive RF LLC (Named on Form D)
- Catherine Cai, Investment
Palm Drive Capital IV LP (Team); Minerva Palm Drive RF LLC (Team)
- Henry Woram, Investment
Palm Drive Capital IV LP (Team); Minerva Palm Drive RF LLC (Team)
- Nick Hsu, Investment
Palm Drive Capital IV LP (Team); Minerva Palm Drive RF LLC (Team)
- Alejandro Cercio, Investment
On the team page, not linked to a fund
- Dorie Chang, Operations
On the team page, not linked to a fund
- Salmaan Hussain, Investment
On the team page, not linked to a fund
- Zachary Ewing, Investment
On the team page, not linked to a fund
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