General Innovation is a New York, New York-based venture capital firm. Value Add VC tracks 1 company General Innovation has invested in and 1 venture round it took part in (0 as lead).
General Innovation key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Headquarters | New York, New York, USA | SEC Form ADV (IAPD), October 18, 2026 |
| Type | Venture capital firm | Value Add VC classification |
| Assets under management | $331M | SEC Form ADV (IAPD), October 18, 2026 |
| Venture rounds tracked | 1 (led 0, joined 1) 1 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 1 | Portfolio list on this page |
Recent deals we track
1Track record: led 0 and participated in 1 of 1 tracked venture round · 1 in the last 12 months
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Sep 8, 2026 | Stoke Space | Series E | Participated | $1B | $10B | Point72 VenturesLeadSpark CapitalLeadGeneral InnovationGlade Brook CapitalWashington Harbour PartnersWoven CapitalY CombinatorUS Innovation Technology | TechCrunch |
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General Innovation profile
written 2026-10-31General Innovation Capital Partners is a Miami growth-equity firm that has raised a $500 million first fund and backed Stoke Space's $1 billion Series E.
Strategy
General Innovation Capital Partners is a growth equity firm that says it invests in advanced technology companies driving western resilience at inflection points of growth, according to its own website's meta description. The firm markets itself under the initials GICP and lists venture capital, defense tech, aerospace, AI, machine learning, quantum computing and space technology among its stated areas of interest.[1]
General Innovation Capital Partners is based in Miami, Florida. Its Form D filings with the SEC list an address of 3480 Main Highway, Suite 403, Miami, FL 33133, and a later vehicle lists an office in nearby Coconut Grove, Florida.[2],[3]
Funds
General Innovation Capital Partners also raised GICP Prometheus LP, a separate Delaware limited partnership based in Coconut Grove, Florida. Its Form D, filed June 26, 2026, reports a fully sold offering of $62,800,000 with no amount remaining, and sets a minimum investment of $150,000, a far lower bar than Fund I's.[3]
Notable investments
General Innovation Capital Partners was one of several investors in Stoke Space's roughly $1 billion Series E round, reported by TechCrunch in September 2026. TechCrunch reported the round was led by Point72 Ventures and Spark Capital, with General Innovation, Glade Brook Capital, US Innovative Technology, Washington Harbour Partners, Woven Capital and Y Combinator also participating. The article did not disclose how much General Innovation itself put into the round.[4]
Stoke Space is a rocket company competing with SpaceX in reusable launch vehicles, and TechCrunch reported that CEO Andy Lapsa said the new capital would fund scaling production and flight frequency as well as developing the company's second-generation vehicle. The sources opened for this profile name no other General Innovation portfolio companies.[4]
Partners
General Innovation Capital Partners' Form D filings name Nicholas Hammerschlag as the managing member of GICP Governance Co LLC, which in turn is the managing member of the fund's general partner. Hammerschlag is listed as an executive officer across both the Fund I and Prometheus filings.[2],[3]
General Innovation Capital Partners' GICP Prometheus LP filing also names Craig Huff as an executive officer. The filings reviewed give no further title, biography or prior employer for either Hammerschlag or Huff.[3]
Strategy
Recent changes
- Sep 8, 2026Sep 8, 2026Invested in Stoke Space (Series E, $1B) TechCrunch
Portfolio
1 totalCo-Investors
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General Innovation FAQ
What stage does General Innovation invest at?
In the rounds Value Add VC tracks, General Innovation's deals were most often Series E (1).
What companies has General Innovation backed?
Companies Value Add VC tracks as General Innovation investments include Stoke Space.
Where is General Innovation based?
General Innovation is headquartered in New York, New York, USA, according to SEC Form ADV (IAPD).
Who does General Innovation co-invest with most?
In the rounds Value Add tracks, General Innovation most often invests alongside Breakthrough Energy Ventures (1 shared deal), Glade Brook Capital (1 shared deal), Industrious Ventures (1 shared deal), Liquid 2 Ventures (1 shared deal), Point72 Ventures (1 shared deal).
Sources & methodologyshow
- TechCrunchmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.