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.

United States · Investor
Last cheque observed Jun 2026; 202 cheques on record.
Deploying nowVC firm
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9 cheques in the last 12 months
Mostly Series A and Seed: 55% of its rounds
Sole investor in 32 rounds, median $4.5M
11 exits from the portfolio
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
Every round we can evidence, newest first202 appearances
7 rounds
10 rounds
6 rounds
6 rounds
13 rounds
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.
Named by the firm itself, on a filing, its Form ADV or its company registration2 named
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.
From the firm's own filings with the SEC, which it must file accurately by law
Who backs their funds
The institutions that put money into its funds, which the firm then invests in companies.Source: an LP list.
| Fund | Vintage | Committed |
|---|---|---|
| DN Capital | - | - |
| Fund | Vintage | Committed |
|---|---|---|
| DN Capital | - | - |
Companies it backed that were later bought or listed11 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
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.
The latest companies DN Capital put money into.
1 episode naming DN Capital in the title, and 2 more that mention it.

Guy Ward Thomas, Partner at DN Capital, and early investor in Europe's largest AI exit to date
WithWard Thomas
MentionsDN Capital

Sebastian Fallert: Co-founder and CEO of Ben announcing a $27m fundraise!

Founder of a top European VC firm accused of sexual harassment
DN Capital invests most often at Series A and Seed (55% of the rounds on record), in sectors such as Software, AI and Fintech.
202 investments on record, 9 of them in the last 12 months, and it led 6. The most recent was in Jun 2026.
Its most recent investments on record: Airspeed (Series A, Jun 2026), Sherpa (Pre-seed, Jun 2026) and Patronus Group (Venture, Apr 2026).
The median round it joins is $16M. It says it writes cheques of $100K to $25M.
Sometimes: it led 6 of its 202 investments on record (3%).
Most of the companies it backs are in Germany (35%), the United Kingdom (23%) and the United States (13%).
Yes: it is actively investing, with 9 investments in the last 12 months.
Most often Fabrice Grinda (12 rounds together), 500 Global (9 rounds together) and Y Combinator (8 rounds together).
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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