Saw Mill Capital

United States
Series A
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About Saw Mill Capital

Saw Mill Capital is a venture capital firm based in United States, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in Deep Tech, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionUnited States
Funding StageSeries A
Industry Focus
Deep Tech
Saas

Investor Signals Profile

active

Sweet Spot

Experienced operators in lower middle market industrial or services businesses

lower middle market PE
industrial services
engineered products
professional & consumer services
long-term legacy
climate

Bullish Signals

29 platform investments since 1997external
34 active independent board directorsexternal
20+ years avg senior team tenureexternal
Founded 1997 — deep track recordexternal
Multi-sector portfolio: climate, industrial, servicesexternal
Active portfolio: Southern Aluminum, Rasa Floors, Let's Paveexternal
GPs directly embedded with portfolio CEOsexternal
Climate Pros: industrial refrigeration growth platformwebsite
Skilled labor + technology value creation focuswebsite
Diverse, experienced team unified by valueswebsite
Partnership with ambitious, experienced management teamswebsite

Contrarian Signals

NY suburbs base — non-coastal biasexternal
Long-term hold — slower liquidityexternal
Traditional PE, not VCexternal

Founder Do's

Come with experienced management team
Show recurring demand, mission-critical product
Demonstrate skilled labor or talent aggregation
Embrace active board involvement
Have legacy/family business to preserve

Founder Don'ts

Early-stage or pre-revenue companies
High capex, capital-intensive models
No clear management team in place

Key GPs & Partners

SR
Scott Rivard
Partner
lower middle marketlong-termoperational
SV
Scott VandeKerkhoff
Partner
board-activegrowth-focusedlegacy-preserving
KY
Kacy Yuhas
Partner
lower middle marketpartnership-orientedclimate
TN
Tim Nelson
Partner
industrial focushands-onboard-active
RW
Ray Wang
Partner
consumer servicesgrowth-focused
TF
Travis Foltz
Partner
lower middle marketpartnership-oriented
DG
Daniel Gregg
Partner
board-activeservices-focused
HU
Howard Unger
Partner
climateindustrialboard-active

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Fund Overview

Fund Size$435M
Saves0

Key People

Howard Unger

Scott RivardPartner
Scott VandeKerkhoffPartner
Kacy YuhasPartner
Tim NelsonPartner
Ray WangPartner
Travis FoltzPartner
Daniel GreggPartner
Howard UngerPartner

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