Investor Lists

Series C D2C investors

Updated 7 November 2026

Firms we have watched take part in a Series C round raised by a D2C company in the last two years. Both the stage and the sector are what they did, not what their website says.

See all 22 →The top 22
22investors on the listNo change this week
69cheques in 12 months+42% against the market
$25Mmedian round they joined+209% against the market median
95%wrote a cheque in 12 months
59%have led a round

The Top 22

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

  1. 1StepStone GroupDeploying nowFund of funds · United States111$60Mmedian roundSept 2026last seen
  2. 2Bertelsmann India InvestmentsDeploying nowCorporate VC · India17$27Mmedian roundOct 2026last seen
  3. 3Anicut CapitalDeploying nowVC firm · India8$13Mmedian roundOct 2026last seen
  4. 4Cool Japan FundDeploying nowGovernment · Japan8$17Mmedian roundApr 2026last seen
  5. 5Vertex Growth FundDeploying nowVC firm · Singapore7$49Mmedian roundOct 2026last seen
  6. 6Shearwater CapitalDeploying nowVC firm · Australia5$23Mmedian roundApr 2026last seen
  7. 7Kairous CapitalDeploying nowVC firm · Malaysia3$8.8Mmedian roundOct 2026last seen
  8. 8Sharrp VenturesDeploying nowPrivate equity · India3$12Mmedian roundOct 2026last seen
  9. 9AfterworkDeploying nowVC firm3$25Mmedian roundMar 2026last seen
  10. 10LGVPDeploying nowGrowth equity3$35Mmedian roundOct 2026last seen
  11. 11Vertex Ventures SEA & IndiaDeploying nowGrowth equity3$20Mmedian roundOct 2026last seen
  12. 12Physis CapitalDeploying nowVC firm · India2$11Mmedian roundOct 2026last seen
  13. 13Point King CapitalDeploying nowVC firm · Australia2$30Mmedian roundMar 2026last seen
  14. 14Wattle Hill CapitalDeploying nowVC firm2$25Mmedian roundMar 2026last seen
  15. 15Trident Growth PartnersDeploying nowVC firm · United States2$19Mmedian roundOct 2026last seen
  16. 16Axiom Asia Private CapitalDeploying nowFund of funds · Singapore1$35Mmedian roundOct 2026last seen
  17. 17Mirabilis Investment TrustDeploying nowFamily office1$15Mmedian roundOct 2026last seen
  18. 18Xponentia CapitalDeploying nowPrivate equity · India1$35Mmedian roundOct 2026last seen
  19. 19Craig BlairDeploying nowAngel1$47Mmedian roundMar 2026last seen
  20. 20Hero Family OfficeDeploying nowGrowth equity1$15Mmedian roundOct 2026last seen
  21. 21Paul WilsonDeploying nowAngel1$47Mmedian roundMar 2026last seen
  22. 22YoungOne CVCquietGrowth equity1-median roundNov 2025last seen

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Quick answers about series C D2C investors

Who are the most active series C D2C investors?

By cheques observed, the most active are StepStone Group, Bertelsmann India Investments, Anicut Capital, Cool Japan Fund and Vertex Growth Fund.

How many series C D2C investors are there?

22 are on record. 95% made an investment in the last 12 months and 59% have led a round.

Which stages do series C D2C investors back?

Of the rounds with a named stage in the last 12 months, mostly Series A (33%) and Series C (31%).

How big are the rounds series C D2C investors join?

The typical (median) round among the leading investors here is $25M.

Which sectors do series C D2C investors back most?

In the last 12 months, mostly AI, Manufacturing and Big Data & Analytics.

Which series C D2C investors lead the most rounds?

Bertelsmann India Investments (7 led), StepStone Group (5 led) and Cool Japan Fund (2 led).

Where are series C D2C investors based?

Among the most active, most are based in India (5), the United States (2) and Singapore (2).

What have series C D2C investors invested in recently?

Recent rounds include CapGrid (Series B, Oct 2026, with Anicut Capital), Numour (Oct 2026, with Sharrp Ventures) and Troovy (Series B, Oct 2026, with Sharrp Ventures).

Built from the rounds we watched, refreshed every night. How we count · Report a correction