United States · Investor

DN Capital

Last cheque observed Jun 2026; 202 cheques on record.

Deploying nowVC firm

Pre-seedSeedSeries ASoftwareAIFintech

Deploying now
75%of best year9cheques in 12 months, 202 on record
Since the last cheque149days00hrs00min00sec
Median round$16MCheque size, as they say$100K – $25MRounds led6 of 202Sole investor32 roundsExits11 from the portfolioMostly inGermany, 35%
Pitch DN Capital

DN Capital highlights

  1. 01

    9 cheques in the last 12 months

  2. 02

    Mostly Series A and Seed: 55% of its rounds

  3. 03

    Sole investor in 32 rounds, median $4.5M

  4. 04

    11 exits from the portfolio

What they do

DN Capital is a global early-stage venture firm, founded in 2000 and based in London, Berlin and San Francisco. We focus on Seed, Series A and select Series B opportunities in Europe and North America.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$100K – $25M as they say
Stages
Pre-seedSeedSeries ASeries BGrowthPre-IPO
Sectors
SoftwareAIFintech
Based in
Menlo Park, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first202 appearances

  1. 2026

    7 rounds

  2. Jun
    AirspeedSeries A · GB · Ventureburn$20MLed
  3. Jun
    SherpaPre-seed · US$2.2MWith 3 others
  4. Apr
    Patronus GroupVenture · DE$13MWith 3 others
  5. Apr
    dehazeSeed · DE$3.7MWith 3 others
  6. Mar
    InterloomSeed · DE · TechStartups$17MLed
  7. Jan
    NomagicSeries B · PL · Cogito Capital Partners$10MWith 4 others
  8. Jan
    Paraglide AISeed · SE$5.0MWith 1 other
  9. 2025

    10 rounds

  10. Dec
    BenSeries B · GB · TechStartups$28MWith 5 others
  11. Dec
    EverliDebt · IT$10MWith 4 others
  12. Jun
    AibidiaSeries B · FI$28MWith 3 others
  13. May
    AvegantVenture · US$15MWith 4 others
  14. May
    EdurinoSeries B · DE$19MWith 3 others
  15. Apr
    JobandtalentGrowth · ES · TechCrunch$103MWith 6 others
  16. Apr
    HawkSeries C · DE$56MWith 4 others
  17. Feb
    UniqueSeries A · CH · TechCrunch$30MLed
  18. Feb
    FimpleSeries A · GB$12MWith 1 other
  19. Feb
    NapoSeries B · GB$15MWith 2 others
  20. 2024

    6 rounds

  21. Dec
    EvidentlySeries A · US$15MWith 1 other
  22. Nov
    TourlaneSeries D · DE · TechCrunch$26MWith 5 others
  23. Oct
    PlumerySeed · NL · QED Investors$3.3MWith 6 others
  24. Sept
    Literacy CapitalDebt · GB$40MSole investor
  25. Jun
    CognigySeries C · DE$100MWith 3 others
  26. Jan
    PrometeoSeries A · UY$13MWith 2 others
  27. 2023

    6 rounds

  28. Nov
    FiluSeed · DE$5.5MSole investor
  29. Oct
    Lanes & PlanesSeries B · DE$35MWith 3 others
  30. Oct
    OXOLOSeries A · DE$14MSole investor
  31. Sept
    NumaSeries C · DE$58MWith 2 others
  32. Aug
  33. Mar
    CubynSeries D · FR$16MWith 4 others
  34. 2022

    13 rounds

  35. Dec
    ChattermillSeries B · GB$26MWith 4 others
  36. Nov
    ScaleHubSeries A · DE$8.0MSole investor
  37. Oct
    Patronus GroupSeries A · DE$27MWith 3 others
  38. Aug
    PurpleBricksGB$206KSole investor
  39. Jul
    HappeoSeries B · FI$26MWith 1 other
  40. Jul
    SonovateDebt · GB$197MWith 3 others
  41. May
    HousfySeries B · ES$32MWith 4 others
  42. May
    TignisSeries A · US$7.2MSole investor
  43. May
    TriplemintVenture · USUndisclosedWith 4 others
  44. Apr
    Lawtech 365 GroupSeed · GB$1.0MSole investor
  45. Mar
    Industrial Technology and WitchcraftSeed · DE$1.9MSole investor

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 registration2 named

NJNenad Joseph MarovacChairman, CEO and DirectoriForm ADV
SJSteven Jeffrey SchlenkerPresident and DirectoriForm ADV

We also hold 23 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$866Mgross assets of its fundsOct 2026
6+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
DN Capital (us), INC
SEC number
CRD 161513

Who backs their funds

2 LPs on record in DN Capital's funds

Funds
1

The institutions that put money into its funds, which the firm then invests in companies.Source: an LP list.

Exits from the portfolio

Companies it backed that were later bought or listed11 in all

ShazamBought by Apple$400MSept 2018
Mobile RoadieBought by IntellectsoftUndisclosedOct 2015
SHIFTBought by Brand Networks$50MMay 2015
QuandooBought by Recruit Holdings$219MMar 2015
DistillBought by GildUndisclosedMar 2014
ApsmartBought by Thomson ReutersUndisclosedJun 2012
EndecaBought by Oracle CorporationUndisclosedOct 2011
DatanomicBought by Oracle CorporationUndisclosedJun 2011
FamilybuilderBought by InteliusUndisclosedJun 2011
Lagan TechnologiesBought by KANA SoftwareUndisclosedNov 2010
Jacobs Rimell LimitedBought by AmdocsUndisclosedApr 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as DN Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies DN Capital put money into.

On podcasts

1 episode naming DN Capital in the title, and 2 more that mention it.

Mentioned in

Quick answers about DN Capital

What does DN Capital invest in?

DN Capital invests most often at Series A and Seed (55% of the rounds on record), in sectors such as Software, AI and Fintech.

How active is DN Capital?

202 investments on record, 9 of them in the last 12 months, and it led 6. The most recent was in Jun 2026.

What has DN Capital invested in recently?

Its most recent investments on record: Airspeed (Series A, Jun 2026), Sherpa (Pre-seed, Jun 2026) and Patronus Group (Venture, Apr 2026).

How big are DN Capital's cheques?

The median round it joins is $16M. It says it writes cheques of $100K to $25M.

Does DN Capital lead rounds?

Sometimes: it led 6 of its 202 investments on record (3%).

Where does DN Capital invest?

Most of the companies it backs are in Germany (35%), the United Kingdom (23%) and the United States (13%).

Is DN Capital investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

Who does DN Capital invest alongside?

Most often Fabrice Grinda (12 rounds together), 500 Global (9 rounds together) and Y Combinator (8 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it