
DN Capital
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)
Frequently Asked Questions
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