# David J. Adelman

> David J. Adelman is a Series A investor at Darco Capital backing Food and Beverage and Sports. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Darco Capital](https://shizune.co/investors/profile/darco-capital)
- Location: Philadelphia, United States
- Total investments: 14
- Last investment: May 2026
- Lead investor: 21%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/david-adelman-0b07b93/
- X (Twitter): https://twitter.com/david_adelman
- Website: https://www.davidjadelman.com/

David J. Adelman is a Series A investor at Darco Capital in Philadelphia focused on Food and Beverage and Sports. As the CEO of Campus Apartments, David Adelman leverages more than three decades of experience in real estate investing and development to oversee a portfolio of student housing properties at 80 schools in 23 states. He was mentored from an early age by the founder of Campus Apartments and has played a major role in the company’s growth sincetaking over as CEO. Specifically, David Adelman fostered a relationship with sovereign wealth fund GIC Real Estate of Singapore to invest in the company in 2006. Mr. Adelman is also the founder of Darco Capital and co-founder and vice chair of FS Investments. Through Darco, he has invested in dozens of venture capital and private equity businesses, including digital healthcare company Virta, tequila brand Lobos 1707, Fleetzero electric ships, Prolific Machines cultured meat, Crystal Palace football club, and athletic apparel maker Fanatics. FS Investments is a prominent manager of alternative investment funds with more than $38 billion in assets under management. A basketball fan, David Adelman leveraged his success in real estate and business investing in October 2022 to purchase a $250 million equity stake in Harris Blitzer Sports and Entertainment, the firm that owns the Philadelphia 76ers NBA franchise. Mr. Adelman is also the chairman of 76 Devcorp, through which he is leading efforts to build a new sports and entertainment venue for the team and revitalize the Fashion District mall at Tenth and Market Streets in Center City. David Adelman is a former Ernst & Young Entrepreneur of the Year in the real estate category for Greater Philadelphia. He currently belongs to the Young Presidents' Organization and Real Estate Roundtable and serves on the University City District Board of Directors and Penn Medicine Board of Trustees. In addition, he is a past chairman of the Philadelphia Holocaust Remembrance Foundation. He holds a bachelor of arts in political science from Ohio State University. Away from work, he enjoys spending his free time with his wife and daughters.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $3.6M–$43M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Food and Beverage | 3 | 21% |
| Sports | 2 | 14% |
| Wine And Spirits | 2 | 14% |
| iOS | 1 | 7% |
| Music | 1 | 7% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 6 | 43% |
| Funding Round | 2 | 14% |
| Seed | 1 | 7% |
| Series C | 1 | 7% |
| Private Equity | 1 | 7% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Quartermaster AI | Quartermaster AI is a defense technology company that develops real-time distributed marine software via AI robot technology. | $43M | Series A | May 20, 2026 |  |
| SlamBall | SlamBall is a global sports league association. It was founded in 1999 and is headquartered in Los Angeles, California. | $11M |  | Mar 10, 2023 |  |
| SlamBall | SlamBall is a global sports league association. It was founded in 1999 and is headquartered in Los Angeles, California. | $11M | Series A | Mar 10, 2023 |  |
| Harris Blitzer Sports & Entertainment | Harris Blitzer Sports & Entertainment is a impactful sports and entertainment company. | $250M | Secondary Market | Oct 20, 2022 |  |
| Neutral | Neutral is a carbon-neutral food company that builds a sustainable carbon-neutral food ecosystem starting with milk and a half and half.The company was founded in 2018 and is based in Portland, OR. |  | Series A | May 02, 2022 |  |
| Neutral | Neutral is a carbon-neutral food company that builds a sustainable carbon-neutral food ecosystem starting with milk and a half and half.The company was founded in 2018 and is based in Portland, OR. |  | Seed | Apr 26, 2022 |  |
| Framebridge | Framebridge is a custom framing startup that provides an online custom framing service. The company has tackled the painful, inconvenient and costly process of custom framing an item, replacing it with an experience that places the customer first. Through a tech-forward experience and an obsessive focus on quality and materials, they haveintroduced a new generation of customers to the tradition of custom manufacturing.Framebridge customers can choose from a curated selection of on-trend frame styles, then upload their photos to the Framebridge website, or ship their items directly to Framebridge in prepaid packaging. The expert team at Framebridge will receive their items and handcraft beautiful custom frames to each customer's exact specifications. The finished pieces ship directly to consumers, arriving in days, ready to hang. Framebridge's transparent pricing, which is determined by the size of each item, begins at $39 and includes free shipping.Framebridge launched in 2014 as a solution to founder Susan Tynan’s ongoing frustration over getting her travel art custom framed. Framebridge investors include New Enterprise Associates (NEA), Revolution Ventures, and SWaN & Legend Venture Partners, as well as seasoned retail and technology executives with industry experience at Crate & Barrel, Rent the Runway, and LivingSocial.The company is headquartered in Washington, DC and operates manufacturing facilities in Richmond, KY, and Lanham, MD. | $30M | Series C | Jul 18, 2018 |  |
| BeatBox Beverages | BeatBox Beverages was founded with the belief that boxed wine doesn’t have to be boring. We were tired of all those standard boxed wines, and we knew there was an opportunity to create a better mixed drink experience for people who know what perfection in a box should look and taste like. | $4.7M | Series A | Sep 18, 2017 |  |
| Keemotion | Keemotion delivers automated production solutions enhanced with coaching tools for basketball games. The production is professionally created thanks to a proprietary technology. Keemotion’ solution offers a large specter of advantages amongst which : - The ability to capture and produce games at a very affordable price.- The ability tocategorize and retrieve online all games produced.- The ability to tag games manually (based on a personalized iPad application) and get back all video segments instantly.Media companies can produce games from lower leagues and/or stream seamless any video content from a game without any production team to tablets and smartphones.The personalized summary allows a fan to retrieve specific actions according to its own preferences and comment live games building a social sharing of the best highlights of games. | $3.6M | Series A | Aug 02, 2017 |  |
| Wheels Up | Wheels Up is a membership-based private aviation company that focuses on reducing the upfront cost to fly privately, providing flexibility, service, and safety. Its mobile app enables members to book flights, manage their accounts, and participate in ride-share opportunities. Its members also have given access to the Wheels Down program. | $115M | Private Equity | Sep 28, 2015 |  |

10 of 14 investments shown.

## Co-investors
- [Shorewind Capital](https://shizune.co/investors/profile/shorewind-capital) — VC Fund, 3 deals together
- [Sharp Alpha](https://shizune.co/investors/profile/sharp-alpha-advisors) — VC Fund, 2 deals together
- [Wavemaker Ventures](https://shizune.co/investors/profile/wavemaker-partners) — VC Fund, 2 deals together
- [Alpaca VC](https://shizune.co/investors/profile/alpaca-vc) — VC Fund, 1 deal together
- [Blue Equity](https://shizune.co/investors/profile/blue-equity) — VC Fund, 1 deal together
- [BoxGroup](https://shizune.co/investors/profile/boxgroup) — VC Fund, 1 deal together

## About Darco Capital

VC Fund · Philadelphia, United States

Darco Capital is the family office investment vehicle of David Adelman. Darco Capital is an investment firm that focuses on investing in technology and consumer businesses, startups, and companies.

1 contacts available at Darco Capital.

| Name | Title | Profile |
| --- | --- | --- |
| David J. Adelman | CEO | https://shizune.co/investors/profile/david-j-adelman |

## Similar investors

### Similar industry
- [Imaginary Ventures](https://shizune.co/investors/profile/imaginary-ventures) — VC Fund
- [Distill Ventures](https://shizune.co/investors/profile/distill-ventures) — VC Fund
- [InvestBev](https://shizune.co/investors/profile/investbev) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

### Similar country
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## Featured in investor lists
- [Sports Angel Investors in United States](https://shizune.co/investors/sports-angel-investors-united-states)
- [Sporting Goods Angel Investors](https://shizune.co/investors/sporting-goods-angel-investors)
- [Wine And Spirits Angel Investors](https://shizune.co/investors/wine-and-spirits-angel-investors)
- [Wine And Spirits Investors in United States](https://shizune.co/investors/wine-and-spirits-investors-united-states)
- [Wine And Spirits Angel Investors in United States](https://shizune.co/investors/wine-and-spirits-angel-investors-united-states)
- [Sporting Goods Angel Investors in United States](https://shizune.co/investors/sporting-goods-angel-investors-united-states)

## FAQ

### What does David J. Adelman invest in?

David J. Adelman invests primarily in Food and Beverage, Sports and Wine And Spirits startups, most often at Series A and Funding Round stage. Most of the 14 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 David J. Adelman's check size?

David J. Adelman typically joins rounds of $3.6M–$43M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds David J. Adelman participates in.

### When did David J. Adelman last invest?

The most recent investment recorded for David J. Adelman closed in May 2026. Shizune tracks 14 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co