Service Provider Capital
Emerging managerSEC exempt reporting adviser (venture capital exemption).
- HQ
- CO
Service Provider Capital co-invests in Seed and Series A deals led by institutional venture funds. Its listed portfolio companies include Babbl Labs, Volt Harbor, Five Billion, Onezyme, Troupe AI, Payloop, and Avery Therapeutics.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed, Series A | Not enough dated deals | Series A, Seed |
| Sectors | Not stated | Not enough dated deals | Enterprise SaaS, Hardware, Ecommerce, Data analytics, Healthtech, AI applications, Consumer |
| Regions | US | Not enough dated deals | CO, IL, GA |
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 | 2 | Ecommerce, Media |
| 2015 | 23 | Enterprise SaaS, Hardware, Data analytics |
| 2016 | 25 | Consumer, Enterprise SaaS, Construction and proptech |
| 2017 | 36 | Cybersecurity, AI applications, Enterprise SaaS |
| 2018 | 39 | Hardware, Enterprise SaaS, Healthtech |
| 2019 | 33 | Enterprise SaaS, Logistics, AI applications |
| 2020 | 9 | AI applications, Ecommerce, Fintech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2014 | 0 | 0 | 2 | 0 | 0 |
| 2015 | 0 | 7 | 14 | 1 | 0 |
| 2016 | 0 | 10 | 14 | 0 | 0 |
| 2017 | 0 | 18 | 16 | 0 | 0 |
| 2018 | 0 | 17 | 12 | 1 | 0 |
| 2019 | 0 | 13 | 16 | 3 | 1 |
| 2020 | 1 | 5 | 1 | 1 | 0 |
| 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 |
|---|---|---|---|
| Service Provider Capital Pacific Northwest Fund I, LP Service Provider Capital co-invests in Seed and Series A startups led by institutional venture capital firms. It does not negotiate terms or ask for board seats, and it offers founders access to its LP and CEO networks for investor, customer, and strategic partner introductions. Inferred from the firm's website | approx. 2025 | $5M (Form D) | Raising |
| Service Provider Capital Midwest Fund III, LP Service Provider Capital co-invests in Seed and Series A startups led by institutional venture capital firms. It does not negotiate terms or ask for board seats, and it offers founders access to its LP and CEO networks for investor, customer, and strategic partner introductions. Inferred from the firm's website | 2023 | $2.34M to $6M (Form D) | Open, writing first checks |
| Service Provider Capital Rocky Mountain Fund III, LP Service Provider Capital co-invests in Seed and Series A startups led by institutional venture capital firms. It does not negotiate terms or ask for board seats, and it offers founders access to its LP and CEO networks for investor, customer, and strategic partner introductions. Inferred from the firm's website | 2022 | $8.05M (Form D) | Late investment period |
| Service Provider Capital Southeast Fund II, LP | 2021 | $7.68M (Form D) | Follow-ons only |
03 · People across funds
- JOSEPH SHEPHERD, MANAGING DIRECTOR OF THE GENERAL PARTNER
Service Provider Capital Pacific Northwest Fund I, LP (Named on Form D); Service Provider Capital Midwest Fund III, LP (Named on Form D); Service Provider Capital Rocky Mountain Fund III, LP (Named on Form D); Service Provider Capital Southeast Fund II, LP (Named on Form D)
- Brian Gordon, Managing Director
On the team page, not linked to a fund
- Craig Sherman, Managing Director
On the team page, not linked to a fund
- David Wickwire, Managing Director
On the team page, not linked to a fund
- Doug Spear, Managing Director
On the team page, not linked to a fund
- Earl Henderson, Managing Director
On the team page, not linked to a fund
- Galen Mason, Managing Director
On the team page, not linked to a fund
- Jody Shepherd, Founder, Managing Director
On the team page, not linked to a fund
- Lori Pickle Allen, Managing Director
On the team page, not linked to a fund
- Minh Le, Managing Director
On the team page, not linked to a fund
- Ned Hill, Managing Director
On the team page, not linked to a fund
- Noah Pittard, Founder, Special Advisor
On the team page, not linked to a fund
- Pat Cerone, Managing Director
On the team page, not linked to a fund
- Phil Gager, Managing Director
On the team page, not linked to a fund
- Stefan Spazek, Managing Director
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
- HTTP://SERVICEPROVIDERCAPITAL.COM
- https://www.serviceprovidercapital.com/southeast-fund
- https://www.serviceprovidercapital.com/midwest-fund
- https://www.serviceprovidercapital.com/
- https://www.serviceprovidercapital.com/new-england-fund
- https://www.serviceprovidercapital.com/rocky-mountain-fund
- https://www.serviceprovidercapital.com/texas-fund
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026