01
Sport
Performance, teams, competition and the culture around them.
New York City · Early-stage venture
Backing the next generation of heritage brands across sport, wellness & the life outside.
Outside Capital is a venture-capital firm focused on investing in the boldest founders building the next generation of heritage brands across sport, wellness and fitness-centered technology. We invest up to $1M in pre-seed and seed-stage rounds with the goal of supporting companies through exit. We're based in NYC, but back founders and athletes across the globe.
Get in touch
What we back
Brands built for the life outside.
Four intersecting worlds where a real product, a real community and a real story still compound into a lasting brand.
02
Wellness
Recovery, longevity, nutrition and mental fitness for how people live now.
03
Fitness-centered technology
The tools, hardware and software that move bodies and habits forward.
04
Heritage brands
Category-defining consumer names built to last generations, not quarters.
How we invest
Early, concentrated, and in for the long run.
$1
Per company, up to $1M
Pre-seed
& Seed
& Seed
The first institutional check
Through
exit
exit
We hold and support to the finish
NYC
· Global
· Global
Founders & athletes across the globe
The founders
Tom Black & Parth Dalal.
Two halves of one thesis — the athlete who lives it and the investor who has funded it.
Parth Dalal Investor
The capital and the operator instincts. A consumer-focused venture investor who spent years learning how modern brands get funded and built — Principal at Imaginary Ventures, seed & venture investor at Coatue, early-stage at BoxGroup, and Chief of Staff to the CEO of Box. He has sat on both sides of the table consumer founders live at.
Tom Black Athlete
The lived thesis. Not a sporty investor — a professional endurance athlete and VDOT-certified coach who took himself from a 3:20 to a 2:31 marathon on 70–90 mile weeks and coaches athletes worldwide. Before that, a Wilhelmina model and J.P. Morgan equity-sales professional. He is the customer, the operator and the community for the world Outside backs.
Why Outside
We back founders for the long run.
Most consumer funds are run by people who have only ever watched the categories they invest in. Outside is two halves of the same thesis: an investor who has funded and built consumer brands, and an athlete who lives the sport, wellness and outdoor life every single day.
That combination is the edge. We recognize a durable brand because one of us has backed them and the other one is the person they're built for.
Imaginary · Coatue · Box
Where Parth learned to fund and build consumer
2:31
Tom's marathon — 70–90 mile weeks, VDOT-certified coach
Up to $1M
One concentrated, high-conviction first check
Frequently asked
The short version.
The next generation of heritage brands across sport, wellness and fitness-centered technology — companies building for the life outside.
We invest up to $1M in pre-seed and seed-stage rounds, and aim to support companies through exit.
Parth Dalal — a consumer investor formerly of Imaginary Ventures, Coatue and BoxGroup — and Tom Black, a professional endurance athlete and running coach, formerly of J.P. Morgan and Wilhelmina.
New York City. We back founders and athletes across the globe.
Email a founder directly — tom@outsidecapital.co or parth@outsidecapital.co. No forms.
Get in touch
Building something
for the outside?
We read every note. The fastest way in is a direct email to one of us.