# Heartwood Partners (previously known as Capital Partners)

> Heartwood Partners (previously known as Capital Partners) is a VC fund backing Manufacturing. See 11 investments, check sizes, portfolio and contact details…

- Type: VC Fund
- Location: Norwalk, United States
- Total investments: 11
- Last investment: Jun 2025
- Lead investor: 45%
- Fund size: $433M
- Last fund: Jun 2021
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/heartwoodpartners/
- Website: http://heartwoodpartners.com

Heartwood Partners (previously known as Capital Partners) is a VC fund in Norwalk focused on Manufacturing and B2B. Heartwood Partners is a private equity investment firm that provides solutions for business owners, intermediaries, and executives. It is focused on helping management teams build businesses by combining strategic planning with a conservative capital structure. Heartwood Partners was founded in 1982 and is based in Norwalk, Connecticut.

## Contacts

5 contacts available for Heartwood Partners (previously known as Capital Partners). Shizune tracks 3 team members at Heartwood Partners (previously known as Capital Partners). Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/capital-partners?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $400k–$7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 2 | 18% |
| B2B | 1 | 9% |
| Web3 | 1 | 9% |
| Gaming | 1 | 9% |
| Mobile | 1 | 9% |

34 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 36% |
| Private Equity | 4 | 36% |
| Funding Round | 3 | 27% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 6 | 55% |
| United Kingdom | 2 | 18% |
| France | 1 | 9% |
| The Netherlands | 1 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Brian D. Fitzgerald | Founder & Managing Director | 1 | https://shizune.co/investors/profile/brian-d-fitzgerald |
| Demetrios Dounis | Managing Director | 2 | https://shizune.co/investors/profile/demetrios-dounis |
| Mark D. Allsteadt | Managing Director | 0 | https://shizune.co/investors/profile/mark-d-allsteadt |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Norlee Group | Norlee Group provides electrical and communication solutions and also supports the growth of companies organically and through acquisition. |  | Private Equity | Jun 12, 2025 | https://norleegroup.com |
| Royal Products | Royal Products is a manufacturer of metalworking performance accessories. |  | Private Equity | Sep 16, 2024 | https://www.royalproducts.com/ |
| Allentown | Allentown supplies animal housing, vivarium design, and engineering analysis. Their products include canine housing, rabbit housing, ferret housing, rack washer cabinets, washer tunnel washers, and refurbished equipment. They also provide design and layout, installation, training, and unparalleled post occupancy service. |  | Private Equity | Oct 31, 2019 | https://allentowninc.com/ |
| Bespoke Financial | Bespoke Financial is a licensed lender supporting cannabis companies. They alleviate working capital constraints across the entire cannabis supply chain. Bespoke supports their clients as they scale and grow with unique financing solutions and cannabis business loans. | $7M | Seed | Oct 23, 2019 | https://bespokefinancial.com/ |
| Ninjapromo | NinjaPromo is a leading Marketing-as-a-Service (MaaS) company that offers an all-in-one subscription-based marketing and design service for businesses looking to scale and grow without stress. We currently collaborate with over 250 ambitious projects to achieve this goal. | $400K | Seed | Mar 04, 2019 | https://x.com/ninjapromoio |
| Minimizer | Minimizer is the aftermarket solution for the heavy truck industry. We also manufacture industry-leading light kits, mud flaps, tool boxes, work benches and other accessories. Our most recent innovations include the world’s ONLY custom molded floor mats for semi trucks, as well as the revolutionary “whole body health” Minimizer Truck Seat System. |  | Private Equity | Sep 20, 2018 | https://x.com/MinimizerCo |
| AgVend | AgVend provides digital enablement solutions for agribusinesses. With their solutions, they connect technology systems and centralize information across the business. Their sales hub and customer portal connect and organizes disparate information, enabling users to have an up-to-date digital experience. | $1.8M | Seed | Apr 04, 2018 | https://www.agvend.com |
| Body Collective | Body Collective is the digital ecosystem that connects female health consumers with wellness experts, products, and services in a highly personalised way; meeting all of a woman’s wellness needs, from first period to last. Their consumer apps (currently Baby2Body, MBODY) provide every woman with a unique health profile (based on data and driven byAI) enabling her to get personalised wellness solutions from 100's of providers all in one place. This creates a powerful network effect: women get the wellness support they need to live better and Body Collective's partners gain powerful insights in order to offer more effective solutions; a never-ending cycle of better wellness solutions and improved health outcomes. Body Collective's mission is to close the gender health gap and help women live healthier for longer. | $1M |  | Apr 04, 2017 | http://baby2body.com/ |
| Body Collective | Body Collective is the digital ecosystem that connects female health consumers with wellness experts, products, and services in a highly personalised way; meeting all of a woman’s wellness needs, from first period to last. Their consumer apps (currently Baby2Body, MBODY) provide every woman with a unique health profile (based on data and driven byAI) enabling her to get personalised wellness solutions from 100's of providers all in one place. This creates a powerful network effect: women get the wellness support they need to live better and Body Collective's partners gain powerful insights in order to offer more effective solutions; a never-ending cycle of better wellness solutions and improved health outcomes. Body Collective's mission is to close the gender health gap and help women live healthier for longer. | $760K | Seed | Apr 01, 2017 | http://baby2body.com/ |
| AskAnna | AskAnna, providing professional stylist advice to your clients directly in the fitting room. | $361.5K |  | Apr 26, 2016 | https://x.com/askanna_app |

10 of 11 investments shown.

## Co-investors
- [Amadeus Capital Partners](https://shizune.co/investors/profile/amadeus-capital-partners) — VC Fund, 2 deals together
- [Casa Verde Capital](https://shizune.co/investors/profile/casa-verde-capital) — VC Fund, 2 deals together
- [Downing Ventures](https://shizune.co/investors/profile/downing-ventures) — VC Fund, 2 deals together
- [Firestartr](https://shizune.co/investors/profile/firestartr-co) — VC Fund, 2 deals together
- [The House Fund](https://shizune.co/investors/profile/the-house-fund) — VC Fund, 2 deals together
- [8VC](https://shizune.co/investors/profile/8vc) — VC Fund, 1 deal together

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## FAQ

### What does Heartwood Partners (previously known as Capital Partners) invest in?

Heartwood Partners (previously known as Capital Partners) invests primarily in Manufacturing, B2B and Web3 startups, most often at Seed and Private Equity stage. Most of the 11 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Heartwood Partners (previously known as Capital Partners)'s check size?

Heartwood Partners (previously known as Capital Partners) typically joins rounds of $400k–$7M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Heartwood Partners (previously known as Capital Partners) participates in.

### How do I contact Heartwood Partners (previously known as Capital Partners)?

Public channels for Heartwood Partners (previously known as Capital Partners) include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Heartwood Partners (previously known as Capital Partners)?

The team at Heartwood Partners (previously known as Capital Partners) includes Brian D. Fitzgerald (Founder & Managing Director), Demetrios Dounis (Managing Director) and Mark D. Allsteadt (Managing Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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