Peter Boyce II Launches $40M Fund After Leaving General Catalyst

Peter Boyce II Launches New Venture Firm, Stellation Capital

Peter Boyce II has departed from General Catalyst to establish his own investment firm. This move occurs just over a year following his promotion to partner within the venture capital organization.

Formation of Stellation Capital

The newly formed firm, named Stellation Capital, is currently seeking to secure up to $40 million for its inaugural investment fund. Reports suggest that a significant portion, potentially the entirety, of this target amount has already been committed since the initial filing with the SEC in April.

Boyce chose not to provide a statement regarding this development. The transition has been notably discreet; his professional profiles on LinkedIn and Twitter haven't been updated to reflect his new role. However, his personal website confirms his current position.

Boyce’s Background and Experience

Joining General Catalyst in 2013, Boyce spearheaded investments in companies including Ro, Macro, towerIQ, and Atom.

He also provided support to portfolio companies like Giphy, Jet.com, and Circle. Prior to his time at GC, Boyce was instrumental in co-founding and managing Rough Draft Ventures.

Rough Draft Ventures and Early-Stage Focus

Rough Draft Ventures is a program dedicated to nurturing startups initiated by students and recent alumni, and fostering entrepreneurial activity within university environments.

Stellation Capital’s Investment Philosophy

Stellation Capital intends to build upon Boyce’s prior experience, concentrating on investments in early-stage ventures. The firm’s name originates from the Latin word "stella," meaning star.

The firm’s website explains that the name also represents “the process of expanding a polygon into new dimensions to create a novel form… mirroring our commitment to unlocking new potential for founders.”

Future Investment Strategy

While the specific investment amounts and frequency remain undefined, Stellation Capital has communicated its intention to support promising companies at their most nascent stages, as stated on its website.