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DN Capital

North America, California, United States, Menlo Park

Description

DN Capital is a prominent global early-stage venture capital firm with a strong presence across Europe and the United States, operating from offices in London, Berlin, and Menlo Park. Established with a focus on supporting ambitious entrepreneurs, the firm has built a reputation for identifying and scaling disruptive technology companies. Their investment strategy primarily targets Seed, Series A, and Series B rounds, demonstrating a commitment to nurturing companies from their foundational stages through significant growth phases.

The firm's investment thesis centers on sectors poised for significant digital transformation, including SaaS, fintech, marketplaces, and digital media. DN Capital seeks out companies with strong unit economics, defensible market positions, and exceptional management teams. A testament to their strategic approach is the successful closing of their Global Venture Fund V in 2022, which secured $350 million in capital to continue their investment activities. This latest fund contributes to the firm's substantial assets under management, which now exceed $1 billion.

DN Capital typically deploys initial investments ranging from $1 million to $10 million, providing crucial early-stage capital. Beyond the initial cheque, they are known for offering significant follow-on funding, with the capacity to invest up to $20 million per company over its lifecycle. Their portfolio boasts numerous success stories, including the acquisition of Shazam by Apple, and the public listings of companies like Auto1 Group, Remitly, Mister Spex, and Hometogo. These exits highlight DN Capital's ability to back companies that achieve significant market impact and deliver strong returns for their limited partners.

With a deep network and operational expertise, DN Capital actively supports its portfolio companies with strategic guidance, talent acquisition, and international expansion. Their transatlantic model allows them to leverage insights from both European and US markets, providing a unique advantage to the startups they back. This comprehensive support, combined with their substantial financial backing, positions DN Capital as a key player in the global venture capital landscape, consistently driving innovation and growth in the technology sector.

Investor Profile

DN Capital has backed more than 281 startups, with 11 new investments in the last 12 months alone. The firm has led 70 rounds, about 25% of its total and boasts 56 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in Germany, United States, United Kingdom.
  • Strong thematic focus on Software, E-Commerce, Internet.
  • Led 4 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Series A (32%)
  • Seed (21%)
  • Series B (19%)
  • Series Unknown (11%)
  • Series C (8%)
  • Series D (2%)
  • Series F (2%)
  • Series E (2%)
  • Pre Seed (1%)
  • Debt Financing (1%)

Country Focus

  • Germany (28%)
  • United States (25%)
  • United Kingdom (20%)
  • France (6%)
  • Spain (5%)
  • The Netherlands (3%)
  • Finland (2%)
  • Brazil (2%)
  • Austria (2%)
  • Italy (1%)

Industry Focus

  • Software
  • E-commerce
  • Internet
  • Financial Services
  • Fintech
  • Saas
  • Information Technology
  • Enterprise Software
  • Marketplace
  • Artificial Intelligence (Ai)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does DN Capital frequently co-invest with?

Piton Capital
Europe, England, United Kingdom, London
Co-Investments: 11
360 Capital
Europe, Ile-de-France, France, Paris
Co-Investments: 8
Avala Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 9
FJ Labs
North America, New York, United States, New York
Co-Investments: 24
Ventech
Europe, Ile-de-France, France, Paris
Co-Investments: 8
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 8
500 Global
North America, California, United States, San Francisco
Co-Investments: 9
Picus Capital
Europe, Bayern, Germany, Munich
Co-Investments: 8
Cherry Ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 13
HV Capital
Europe, Bayern, Germany, Munich
Co-Investments: 14

Which angels does DN Capital often collaborate with?

Güimar Vaca Sittic
North America, New York, United States, New York
Shared Deals: 4
Daniel Curran
North America, California, United States, Santa Monica
Shared Deals: 2
JM
Europe, Guernsey
Shared Deals: 2
FG
North America, New York, United States, New York
Shared Deals: 13
JM
Europe, Madrid, Spain, Madrid
Shared Deals: 3
George Godula
Asia, Shanghai, China, Shanghai
Shared Deals: 2
PP
Europe, United Kingdom
Shared Deals: 3
RS
Europe, England, United Kingdom, London
Shared Deals: 2
MB
Europe, England, United Kingdom, London
Shared Deals: 2
KE
North America, Utah, United States, Park City
Shared Deals: 2

What are some of recent deals done by DN Capital?

Aibidia

Helsinki, Southern Finland, Finland

Aibidia is a FinTech company that provides AI-powered transfer pricing management solutions to multinational corporations.

AnalyticsArtificial Intelligence (AI)FinTechInformation TechnologyTax Consulting
Series BJun 4, 2025
Amount Raised: $28,000,000
Job&Talent

Madrid, Madrid, Spain

Jobandtalent is an online staffing marketplace for finding and filling gig-type jobs.

EmploymentMarketplaceStaffing Agency
Series FApr 10, 2025
Amount Raised: $103,593,921
Hawk

Munich, Bayern, Germany

AI based, real-time Anti Money Laundering (AML) detection, Fraud Prevention, Sanction Screening.

Artificial Intelligence (AI)BankingComplianceFinancial ServicesFinTechPayments
Series CApr 8, 2025
Amount Raised: $56,000,000
Job&Talent

Madrid, Madrid, Spain

Jobandtalent is an online staffing marketplace for finding and filling gig-type jobs.

EmploymentMarketplaceStaffing Agency
Series FMar 25, 2025
Amount Raised: $99,255,690
Unique

Zürich, Zurich, Switzerland

Unique is a client intelligence platform that supports the financial industry with CRM automation, call analytics and FinanceGPT solutions.

Artificial Intelligence (AI)FinanceFinTechSaaSSoftware
Series AFeb 27, 2025
Amount Raised: $30,000,000
Napo

London, England, United Kingdom

Napo is the “tooth-to-tail” pet insurance platform focused on helping millions to become responsible and fulfilled pet parents.

Information TechnologyInsuranceInsurTechInternetPet
Series BFeb 26, 2025
Amount Raised: $15,181,956
Sanas

Palo Alto, California, United States

Sanas is a real-time speech-understanding platform that modulates accents while preserving voices and emotions for natural interactions.

Language LearningSaaSSoftwareTranslation Service
Series BFeb 19, 2025
Amount Raised: $65,000,000
Fimple

London, England, United Kingdom

Fimple is a fintech company that provides cloud-based core banking solutions through a platform with advanced technology.

BankingCloud ComputingFinancial ServicesFinTech
Series AFeb 4, 2025
Amount Raised: $12,000,000
Sami

São Paulo, Sao Paulo, Brazil

Sami is a Brazil-based health plan operator leveraging technology to decrease cost of care.

Health CareInformation TechnologyMedicalSoftware
Series BDec 17, 2024
Amount Raised: $10,000,000
Evidently

London, England, United Kingdom

Evidently is a creative agency that renders content, digital campaigns, animation and brand planning services.

AdvertisingAnimationContent CreatorsCreative Agency
Series ADec 9, 2024
Amount Raised: $15,000,000