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I Squared Capital

600 Brickell Avenue, Penthouse, Miami, FL, 33131, United States

Overview

Independent private equity firm focused on infrastructure investments.

Founded

2012

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

Series A
Series C

Geographic focus

United States

Sector focus

Energy
Finance
Financial Services
Venture Capital

Investment portfolio

22rounds
NAMEDATESIZE
Suniva
Sep 2026Participated
$835 MOther Equity
Muon Space
Aug 2026Participated
$250 MSeries C
Netomnia
Sep 2025Participated
$405 MDebt
1NCE
Apr 2025Participated
$60 MOther Equity
GridPoint
Mar 2025Participated
$45 MOther Equity
Kode
Apr 2024Participated
$30 MSeries B
KODE Labs
Apr 2024Participated
$30 MSeries B
CheckSammy
Jan 2024Led
$45 MOther Equity
ThayerMahan
Jan 2024Participated
$20 MSeries C
Órigo Energia
Jan 2024Led
$400 MOther Equity
Parade
Sep 2023Led
$17 MOther Equity
Ambient Photonics
Sep 2023Participated
$30 MSeries A
Suniva
Sep 2026Participated
$835 MOther Equity
Muon Space
Aug 2026Participated
$250 MSeries C
Netomnia
Sep 2025Participated
$405 MDebt
1NCE
Apr 2025Participated
$60 MOther Equity
GridPoint
Mar 2025Participated
$45 MOther Equity
Kode
Apr 2024Participated
$30 MSeries B
KODE Labs
Apr 2024Participated
$30 MSeries B
CheckSammy
Jan 2024Led
$45 MOther Equity
ThayerMahan
Jan 2024Participated
$20 MSeries C
Órigo Energia
Jan 2024Led
$400 MOther Equity
Parade
Sep 2023Led
$17 MOther Equity
Ambient Photonics
Sep 2023Participated
$30 MSeries A
22
Items
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Insights

Time horizon

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Deal Distribution

I Squared Capital: 22 funding rounds are recorded in the selected participation categories.All available history.
I Squared Capital: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A14
Series B12
Series C+05
Other Equity44
Debt01

Monthly Deal Activity

I Squared Capital: 22 deals are recorded across 65 months.All available history.
I Squared Capital: 22 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '210
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '222
Mar '221
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '232
May '230
Jun '230
Jul '230
Aug '230
Sep '232
Oct '230
Nov '230
Dec '230
Jan '243
Feb '240
Mar '240
Apr '242
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

I Squared Capital: Hardware & Robotics is the largest displayed sector by deal count (9 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.

I Squared Capital: Hardware & Robotics is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Hardware & Robotics9
Clean Energy & Sustainability8
Networks, Cloud & Communication8
Data, Analytics & IT5
Space & Frontier Tech4
Government & Defense3
Transportation & Logistics3
Manufacturing3
Cybersecurity & Privacy2
E-Commerce & Retail2
Real Estate & Construction2
Education & Workforce1
Enterprise Software1
Professional Services1

Deal Size Distribution

I Squared Capital: 22 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.

I Squared Capital: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M2
$10M-$25M3
$25M-$50M8
$50M-$100M1
$100M-$250M4
$250M-$500M3
$500M-$1B1
$1B+0

Deals By Geography

I Squared Capital: United States has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

I Squared Capital: United States has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
United States16
Europe2
Puerto Rico1
Brazil1
India1
Egypt1
I Squared Capital: 20 co-investors are shown, with AE Industrial Partners 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.

I Squared Capital: 20 co-investors are shown, with AE Industrial Partners sharing 2 recorded deals. All available history
Co-investorShared deals
AE Industrial Partners2
Goldman Sachs2
Maverix Private Equity2
MC2 Security Fund2
TELUS Ventures2
40 North Ventures1
8VC1
9Yards Capital1
ACME Capital1
Activate Capital1
Amazon1
ArcTern Ventures1
Axon Capital1
Bain Capital1
Bedrock Capital1
Bessemer Venture Partners1
Broom Ventures1
Carlyle1
ClearSky1
Compass Partners1

Investment Strategy

I Squared Capital: Led accounts for 27% and participating for 73% of round participation.All available history.
I Squared Capital: Led accounts for 27% and participating for 73% of round participation. All available history
CategoryDeals (count)Share (%)
Led627%
Participating1673%
I Squared Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
I Squared Capital: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead6100%
Co-led00%

Team

Adrian De Luca

Principal

Austin Winger

Vice President, Infrastructure Private Equity

Gautam Bhandari

Global Chief Investment Officer

Manish Prakash

President and Chief Business Officer

Peter L. Corsell

Partner

Ronald Schweizer

Chief Financial Officer

Sadek Wahba

Founder & Managing Partner