# Dcode Capital: portfolio, investments and team

> Dcode Capital is a vc firm based in United States. 1 investment on record, 1 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/dcode-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Dcode Capital

Last cheque observed Sep 2026; 1 cheques on record.

Email

VC firm Deploying now Last fund $19M, Mar 2024

Series A Series B Government Technology Defense National Security

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **45** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 1**

Pitch Dcode Capital

## Dcode Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B: 100% of its rounds

## What they do

> We invest alongside leading venture firms in commercially-successful, high-growth technology companies that can dramatically improve our government. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B
- **Sectors:** Government Technology Defense National Security
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **Sept** **[HEO Robotics](https://millionrounds.com/company/heo-robotics)** Series B · AU · Startup Daily **$25M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

MM **Meagan Metzger** Managing Member i Filing they signed

MV **Megan Vorland** Managing Member i Filing they signed

RG **Rebecca Gevalt** Managing Member i Filing they signed

## What they claim to have backed

From their own portfolio page (on their website)

**11** of 16 we have independently watched raise

[Accordance](https://millionrounds.com/company/accordance)[Acquired](https://millionrounds.com/company/trifacta)[Acquired](https://millionrounds.com/company/streamsets)[Acquired](https://millionrounds.com/company/hyas)[Hyperscience](https://millionrounds.com/company/hyperscience)[Mastreforest](https://millionrounds.com/company/mast-reforestation)[Onenav](https://millionrounds.com/company/onenav)[Slingshotaerospace](https://millionrounds.com/company/slingshot-aerospace)[Stardog](https://millionrounds.com/company/stardog)[Tamr](https://millionrounds.com/company/tamr)[Zerotier](https://millionrounds.com/company/zerotier) Acquired Acquired Greenroomrobotics Heospace Nucleussec

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Latest fund on file

**$19M**

raised in Mar 2024

From its SEC filing. Nothing newer is on file yet.

## The cheque

Series A Series B

Median round joined **$25M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series B said *1*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Quick answers about Dcode Capital

### What does Dcode Capital invest in?

Dcode Capital invests most often at Series B (100% of the rounds on record), in sectors such as Government Technology, Defense and National Security.

### How active is Dcode Capital?

1 investments on record, 1 of them in the last 12 months. The most recent was in Sept 2026.

### What has Dcode Capital invested in recently?

Its most recent investments on record: HEO Robotics (Series B, Sept 2026).

### How big are Dcode Capital's cheques?

The median round it joins is $25M.

### Is Dcode Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Dcode Capital?

Dcode Capital is a VC firm based in Washington, United States.

### Has Dcode Capital raised a new fund?

Its latest fund filing with the SEC was in Mar 2024, reporting $19M raised.

### When was Dcode Capital founded?

Dcode Capital was founded in 2019.

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