Night Capital
San Francisco, CA, United States
Overview
Night Capital is a boutique venture capital business that helps great innovators build huge markets.
- Total investments
- 14
- Lead investments
- 2
- Investments · 12mo
- 6
- Active investors
- 1
Sector focus
- Venture Capital
Investment portfolio
- Get Parallel
Led · Seed · Jul 2026
Parallel offers a combined product-and-service finance platform that connects accounting and modeling tools to deliver an always-current, auditable forecast alongside a dedicated fractional CFO. Its core features include live models built from integrations with tools like QuickBooks and Puzzle, AI-assisted workflows for data hygiene and scenario modeling, and expert oversight to validate assumptions and prepare investor and board materials. Parallel targets early-stage, VC-backed B2B SaaS companies from pre-seed through Series A and aims to serve as an FP&A backbone as teams scale. The company planned to use proceeds from its $2.4M seed to speed product development, expand its network of fractional CFOs, and deepen platform integrations. Customer testimonials in the announcement cited faster due diligence and clearer, confident decision-making as early outcomes of the product. Renato Villanueva is the company cofounder and CEO, and the company is based in Salt Lake City.
- Pilot Protocol
Participated · Seed · Jul 2026
Pilot Protocol provides a connective layer that gives AI agents addresses and enables discovery, trust, and direct interaction among agents. The network claims roughly 250,000 agents on it, generating about two billion requests per day, and reported early growth of as much as 10% daily (adding up to 16,000 agents in 24 hours). According to company data, most agents stop reaching for Google within an hour of joining and around 70% now report Pilot is where they start a task. Pilot has launched an App Store for agents where, in two weeks, agents autonomously installed partner applications more than 30,000 times; one partner, smolmachines, reported 3,000 agent installs without marketing. The company is rolling out agent-to-agent payments so agents can earn and spend credit within the network. Pilot describes its customers as agents rather than people and positions itself as the underlying layer for an emerging agent-driven economy.
- Adjacent
Participated · Seed · Jul 2026
Adjacent builds data-driven prediction market indices and independent third-party event contracts. The company recently launched RED and BLUE U.S. election index series. Adjacent plans to expand its index coverage to global elections, finance, economics and other areas. In July 2026 it raised $2.5 million in a Pre-Seed round to fund that expansion. Identified investors in the round include Night Capital, VanEck, UFO Holdings, Maven11 and DCG. The company markets its products via its site at https://adjacent.markets.
- Lassie
Participated · Series A · Jun 2026
Lassie develops autonomous software agents that perform administrative tasks for small businesses, with an initial focus on doctors' offices. Founded by former product managers from Robinhood, Coinbase, and Superhuman, the company automates workflows such as pulling reimbursements from insurance portals, reconciling records, updating systems of record, and verifying bank deposits. Lassie currently serves more than 700 practices across 49 states and reports delivering over 250,000 hours of labor to business owners each year, with individual customers citing savings of 100+ hours per month. Financially, the company has raised $47 million to date, including a $35 million Series A led by Andreessen Horowitz. Lassie plans to use the new capital to accelerate growth and adoption, and has added Alex Rampell to its board and other advisors to support scaling.
- Tenkara
Participated · Equity · Mar 2026
Tenkara develops mission-critical infrastructure—software agents—that take on back-office operational work for manufacturing firms, including supplier discovery, procurement, compliance, and freight. The company targets mid-market U.S. manufacturers, citing roughly 600,000 U.S. manufacturing firms and that 98% are small businesses. Founded in 2024 by Benjamin Stern, Jonah Stillman, and Evan Adkins, Tenkara reports signing multiple seven-figure contracts in its first 18 months. The team is based out of HF0 in San Francisco. Tenkara says it will use the new funding to accelerate growth and expand its team as it scales operations.
Team
Kevin Carter
Founder and General Partner
LinkedIn