DN CAPITAL (US), INC

Thesis

DN Capital is a global early-stage venture capital firm founded in 2000, operating with a thesis-driven investment approach focused on long-term developments in key technology sectors. The firm has offices in London, Berlin, and San Francisco, with US operations managed from Menlo Park, California. They primarily target Seed, Series A, and select Series B opportunities, backing category-leading companies with strong growth potential and innovation, particularly those that are technology-driven. Core investment sectors include Software (enterprise software and SaaS), Artificial Intelligence (AI) with a focus on agentic enterprise AI, Fintech (core banking software and financial services), and Consumer Internet (consumer technologies, marketplaces, and digital media). DN Capital's geographic scope covers Europe and North America. They often act as lead investors but also participate in rounds alongside other venture firms. The firm provides capital support ranging from $2 million to $15 million per investment, with typical check sizes between €0.25 million and €10 million, and potential co-investments up to €15 million. DN Capital has raised approximately $600 million in total assets under management (AUM) across various funds, with other reports indicating AUM figures around $789 million or approximately $900 million in net asset value. As of March 2026, DN Capital announced securing $327.0 million in new funding.

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• Seed-stage AI investors
• Seed-stage Enterprise investors
• Seed-stage Fintech investors