Shield Capital, LLC

Emerging manager

SEC exempt reporting adviser (venture capital exemption).

Website: https://shieldcap.com
HQ: CA

Shield Capital is a venture capital firm that invests in early-stage companies building technologies in artificial intelligence, autonomy, cybersecurity, and space. Its founders are Philip Bilden and Raj Shah, and its portfolio includes companies such as SiFly, Star Catcher, Autonomous Cyber, UFORCE, and Howso.

01 · Says / Does

Tag	Says	Does
Stages	Not stated	Not enough dated deals
Sectors	AI applications, Cybersecurity, Robotics, Space	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
Shield Capital Fund II, L.P. Shield Capital is a venture capital firm backing early-stage companies building technologies in artificial intelligence, autonomy, cybersecurity, and space, with a focus on entrepreneurs addressing the convergence of commercial technology and national security. Inferred from the firm's website	2024	$257.5M to $350M (Form D)	Open, writing first checks
Shield Capital Fund I, L.P.	2021	$151.84M to $240M (Form D)	Follow-ons only

03 · People across funds

Philip Bilden, Founder and Managing Partner
Shield Capital Fund II, L.P. (Named on Form D); Shield Capital Fund I, L.P. (Named on Form D)
Raj Shah, Founder and Managing Partner
Shield Capital Fund II, L.P. (Named on Form D); Shield Capital Fund I, L.P. (Named on Form D)
Akhil Iyer, Principal
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
David Rothzeid, Principal
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Elias (Lou) Manousos, Venture Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Jillian Manus, Venture Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
John “JJ” Jack, Venture Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
John Serafini, Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Maggie Gray, Vice President
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Matt Kaplan, Associate
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Matt Scullin, Venture Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Michael Brown, Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Pat O’Reilly, Operating Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Ray Rothrock, Venture Partner
Shield Capital Fund II, L.P. (Team); Shield Capital Fund I, L.P. (Team)
Duncan Woodard, Director of Operations
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