Venture Capital
Thin Line Capital
Thin Line Capital backs early-stage and high-growth companies, typically pre-profit, from Pasadena, California. It states a focus on energy & utilities, industrials & manufacturing and transportation & logistics.
SEC filings
What Thin Line Capital has raised
From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.
| Vehicles filed | 2 |
| Total capital raised | $5m |
| Largest single vehicle | $5m |
| Filing history | 2019 to 2022 |
| Smallest accepted commitment | None stated |
| Filed from | CALIFORNIA |
Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.
Regulatory record
How Thin Line Capital is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | Exempt reporting adviser |
| Regulatory assets under management | Not reported by an ERA |
| Private funds advised | 7 · $31m gross |
| SEC adviser number | CRD 304900 |
An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.
Portfolio
Disclosed holdings
Companies Thin Line Capital lists on its own website. No investment years are published.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| Audette | — | — | — |
| Digital Harvest | — | — | — |
| Divirod | — | — | — |
| Kevala | — | — | — |
| Mineral Forecast | — | — | — |
| NUNA Collective | — | — | — |
| Operant Networks | — | — | — |
| Optiwatt | — | — | — |
| Othersphere | — | — | — |
| Sistine Solar | — | — | — |
| Solidspac3 | — | — | — |
| Trace Air Quality | — | — | — |
| Voltaiq | — | — | — |
| XGS Energy | — | — | — |
Compiled from Thin Line Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Valuation context
Transaction values in Energy & Utilities
What companies have actually sold for in energy & utilities, across 584 recorded transactions.
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