Investor profile

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DN Capital

VC

GBDEUSFRESNLSEIEITPTDKNOFIATBEPLCZROHUEELVLTGROtherB2B SaaSAI/MLFintechConsumerMarketplacesEnterprise

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Investment thesis

DN Capital is a global early-stage venture firm focused on Seed, Series A, and select Series B opportunities in Europe and North America. The firm invests in four key sectors — Software, AI, Fintech, and Consumer Internet — backing category-leading companies such as Shazam, Auto1, Cognigy, Incode, Yassir, Endeca, and Remitly. DN Capital uses its extensive global network and financial expertise to give portfolio companies the best possible platform for growth, supporting companies with up to €20m of capital and acting as an active, hands-on partner from early stage through IPO and beyond.

Notable quotes

Ideally we love to see entrepreneurs that have some domain expertise in the areas that they are operating in. We also like high energy & high intellect – and a passion to win.

Nenad Marovac · FinSMEs interview republished on dncapital.com/blog

We think Europe is a fantastic market. Many global category winners are being created in Europe – we are experiencing the tip of the iceberg.

Nenad Marovac · FinSMEs interview republished on dncapital.com/blog

When we backed MEXT, the thesis was clear: memory was becoming one of the defining constraints in AI infrastructure. As models grew larger and workloads more demanding, the pressure across the memory stack, from DRAM supply to performance and efficiency, was only going to intensify.

DN Capital (Thomas Rubens, Partner) · DN Capital LinkedIn post · 2025

Team

Nenad Marovac

Founder & Managing Partner

MarketplacesConsumerB2B SaaSFintech

Steve Schlenker

Managing Partner

EnterpriseB2B SaaSFintechMarketplaces

Thomas Rubens

Managing Partner

AI/MLB2B SaaSEnterprise

Gülsah Wilke

Partner, Head of Germany

B2B SaaSConsumerMarketplaces

Costanza Carini

Partner

FintechConsumer

Massimo Prelz

Partner

B2B SaaSFintechMarketplaces

Recent investments

CompanyRoundSizeDate
Paraglide AISeed2026-01
FimpleSeries A Extension$12m2026-01
BenSeries B2025-12
CognigyLate Stage Venture$100m2024-06
Auto1Series A
RemitlySeries B
IncodeSeries A
YassirSeed
ShazamEarly Stage VC
LeapworkGrowth

Frequent co-investors

Fit check

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