Cape Fear Ventures is an early-stage venture capital firm founded and led by Richard Stroupe, a serial entrepreneur and investor with a background in technology, defense, and real estate. The firm backs founders solving "hard, physical-world problems" across four core sectors: enterprise software for legacy industries, applied AI with proprietary data moats, defense and national security technology, and space infrastructure. Cape Fear typically invests from pre-seed through Series A, providing hands-on operational mentorship alongside capital. The firm operates Cape Fear BioCapital Fund I, LP and is based in the Washington, DC and Wilmington, North Carolina area. The team includes Richard Stroupe (Founder/Managing Partner), Matt Gittleman (Venture Partner, formerly at LivingSocial, Blu Ventures, and Core Capital), Justin Edelman (Venture Partner and AI technologist with healthcare and Microsoft experience), and Thomas Hornall (Venture Partner focused on communications and market narrative, based in Norway).
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