
Zeal Capital Partners
Zeal Capital Partners is a Washington, DC-based venture capital firm founded in 2020 that invests in diverse management teams building early-stage, tech-enabled companies across financial technology, healthcare, and the future of learning and work. In May 2025, the firm closed its third fund, Zeal Fund II, at $82 million, bringing total AUM to $186 million.
Deal activity increased 300% year-over-year (8 deals in the last 12 months). Their most common stage is seed (50% of deals). Average disclosed round size is $6.0M (across 23 rounds with reported amounts).
Portfolio
21
Fund Size
$82M
Top Stage
Seed
Last 12 Mo
10
Team
Nasir Qadree
Founder & Managing Partner
Stefanie Thomas Martin
Partner
Adam Smith
Investment Associate
Royce Shey
Investment Analyst
Rich Duda
Chief Financial Officer
Susannah Burrage
Head of Portfolio Management
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
| Unknown | $5.7M | Mar 2026 | |
| Seed | $5M | Mar 2026 | |
| Series A | $13M | Mar 2026 | |
| Seed | $2.3M | Feb 2026 | |
| Seed | $2M | Feb 2026 | |
| Seed | $6M | Jan 2026 | |
| Series A | $13.3M | Jan 2026 | |
| Seed | $5.7M | Jan 2026 | |
| Pre-Seed | $2M | Dec 2025 | |
| Seed | $2.8M | Dec 2025 | |
| Series A | $11M | Mar 2025 | |
| Series A | $10.5M | Sep 2024 | |
| Series A | $8M | Jun 2024 | |
| Series A | $13.7M | Dec 2023 | |
| Unknown | $10M | Jan 2023 | |
| Seed | $3M | Oct 2022 | |
| Seed | — | — | |
| Pre-Seed | $3.3M | — | |
| Pre-Seed | $2.4M | — | |
| Seed | $2.3M | — | |
| Growth | $7M | — | |
| PPay Theory | Seed | $2M | — |
| Seed | $2.4M | — | |
| Seed | $5.2M | — |
Top Co-Investors
Last updated: 8 September 2026