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D Squared Capital

C/O Cantelowes Limited 4th Floor 20 Aldermanbury, London, EC2V 7HY, United Kingdom

Overview

Investment firm with a differentiated strategy for exciting companies.

Founded

2020

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series A
Series B

Geographic focus

Australia
United Kingdom
United States

Sector focus

—

Investment portfolio

4rounds
NAMEDATESIZE
Fuse Energy
Dec 2025Participated
$69 MSeries B
Lyre's Spirit Co
Jul 2023Led
$23 MOther Equity
Lyre's Spirit Co
Nov 2021Led
$27 MOther Equity
Clinch
May 2021Led
$10 MSeries A
Fuse Energy
Dec 2025Participated
$69 MSeries B
Lyre's Spirit Co
Jul 2023Led
$23 MOther Equity
Lyre's Spirit Co
Nov 2021Led
$27 MOther Equity
Clinch
May 2021Led
$10 MSeries A
4
Items
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Insights

Time horizon

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Deal Distribution

D Squared Capital: 4 funding rounds are recorded in the selected participation categories.All available history.
D Squared Capital: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B01
Other Equity20

Monthly Deal Activity

D Squared Capital: 4 deals are recorded across 66 months.All available history.
D Squared Capital: 4 deals are recorded across 66 months. All available history
MonthDeals
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

D Squared Capital: Food & Agriculture is the largest displayed sector by deal count (2 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

D Squared Capital: Food & Agriculture is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Food & Agriculture2
Marketing & Advertising1
Enterprise Software1
Media & Entertainment1
E-Commerce & Retail1
AI & Machine Learning1
Clean Energy & Sustainability1
Social & Community Platforms1

Deal Size Distribution

D Squared Capital: 4 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

D Squared Capital: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M2
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

D Squared Capital: Australia has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

D Squared Capital: Australia has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Australia2
Europe1
United States1
D Squared Capital: 14 co-investors are shown, with Morgan Creek sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

D Squared Capital: 14 co-investors are shown, with Morgan Creek sharing 2 recorded deals. All available history
Co-investorShared deals
Morgan Creek2
Accel1
Balderton Capital1
Creandum1
DLF Venture1
Future Positive Capital1
Lakestar1
Latitude1
Lowercarbon Capital1
Maropost Ventures1
QuantumLight1
Ribbit Capital1
Rosberg Ventures1
VRD Ventures1

Investment Strategy

D Squared Capital: Led accounts for 75% and participating for 25% of round participation.All available history.
D Squared Capital: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led375%
Participating125%
D Squared Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
D Squared Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead267%
Co-led133%

Team

Dan Adler

Managing Director