Gutter Capital announced the close of Fund III at $75 million on June 15, 2026, and opened applications for the second cohort of Elbow Grease, its NYC-based accelerator.

Key facts

• Firm: Gutter Capital
• Date announced: June 15, 2026
• Fund size: $75 million (Fund III)
• Prior funds: $25M (Fund I), $44M (Fund II)
• Focus: Early-stage mission-driven companies + Elbow Grease accelerator
• Founders: Dan Teran and James Gettinger (founded 2021)

Elbow Grease accelerator terms

• Cohort size: Up to 15 teams
• Investment: $300K initial check per company
• Duration: 10 weeks on-site at Gutter HQ in NYC
• Sponsors: Mercury and Orrick
• Application deadline: July 31, 2026
• Program dates: September 15 – November 19, 2026

Why this matters

Gutter is staking its entire firm strategy on the accelerator model — Fund III capital is explicitly earmarked for Elbow Grease cohorts and follow-on rounds. The firm was recognized by Business Insider as a Top 100 Seed Investor in 2023, 2024, and 2025.

Sources

1. PR Newswire (June 15, 2026): https://www.prnewswire.com/news-releases/gutter-capital-announces-75m-fund-iii-opens-applications-for-elbow-grease-accelerator-302799970.html
2. Upstarts Media deep dive: https://www.upstartsmedia.com/p/deep-dive-gutter-elbow-grease-startups
3. VCWire: https://vcwire.tech/2026/06/16/gutter-capital-closes-fund-iii-at-75m-opens-applications-for-elbow-grease-accelerator/