# Nepenthe Capital: portfolio, investments and team

> Nepenthe Capital is a vc firm. 2 investments on record, 1 in the last 12 months, latest Mar 2026. Portfolio, stages, co-investors and team.

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

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

# Nepenthe Capital

Last cheque observed Mar 2026; 2 cheques on record.

Deploying now VC firm

Seed Series A

Deploying now

**100%** of best year **1** **cheques in 12 months**, 2 on record

Since the last cheque **239** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **0 of 2**

Pitch Nepenthe Capital

## Nepenthe Capital highlights

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

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 1 round
- **Mar** **[EPIC Microsystems](https://millionrounds.com/company/epic-microsystems)** Series A · US · AICONIC VENTURES **$21M** With 6 others
- **2025** 1 round
- **Feb** **[Variational AI](https://millionrounds.com/company/variational-ai)** Seed · CA · Firms' own news pages **$5.5M** With 7 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 cheque

Seed Series A

Median round joined **$13M** the round, not its cheque

Led 0 of 2 rounds **0%**

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

Rounds by stage said on their site

- Seed *1*
- Series A *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Recently backed

The latest companies Nepenthe Capital put money into.

[**EPIC Microsystems** $21M · Mar 2026](https://millionrounds.com/company/epic-microsystems)[**Variational AI** $5.5M · Feb 2025](https://millionrounds.com/company/variational-ai)

## Quick answers about Nepenthe Capital

### What does Nepenthe Capital invest in?

Nepenthe Capital invests most often at Seed and Series A (100% of the rounds on record).

### How active is Nepenthe Capital?

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

### What has Nepenthe Capital invested in recently?

Its most recent investments on record: EPIC Microsystems (Series A, Mar 2026) and Variational AI (Seed, Feb 2025).

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

The median round it joins is $13M.

### Is Nepenthe Capital investing now?

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

### What kind of investor is Nepenthe Capital?

Nepenthe Capital is a VC firm.

### Where does this information on Nepenthe Capital come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=nepenthe-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=nepenthe-capital)