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The Venture Codex

Night Capital

San Francisco, CA, United States

Overview

Boutique venture capital firm supporting innovators in market building.

Founded

2019

Deals ยท 12mo

9

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Canada
United States

Sector focus

Venture Capital

Investment portfolio

18rounds
NAMEDATESIZE
HiringCafe
Sep 2026Participated
$7 MSeed
Liquid Compute
Sep 2026Participated
$15 MSeed
Atorie
Aug 2026Participated
$10 MSeed
Mara
Aug 2026Participated
$7 MSeed
Get Parallel
Jul 2026Led
$2 MSeed
Pilot Protocol
Jul 2026Participated
$5 MSeed
Adjacent
Jul 2026Participated
$3 MSeed
Lassie
Jun 2026Participated
$35 MSeries A
Tenkara
Mar 2026Participated
$7 MOther Equity
Standard Fleet
Sep 2025Participated
$13 MSeries A
Cascade Space
Jul 2025Participated
$6 MSeed
Throne
May 2025Participated
$4 MSeed
HiringCafe
Sep 2026Participated
$7 MSeed
Liquid Compute
Sep 2026Participated
$15 MSeed
Atorie
Aug 2026Participated
$10 MSeed
Mara
Aug 2026Participated
$7 MSeed
Get Parallel
Jul 2026Led
$2 MSeed
Pilot Protocol
Jul 2026Participated
$5 MSeed
Adjacent
Jul 2026Participated
$3 MSeed
Lassie
Jun 2026Participated
$35 MSeries A
Tenkara
Mar 2026Participated
$7 MOther Equity
Standard Fleet
Sep 2025Participated
$13 MSeries A
Cascade Space
Jul 2025Participated
$6 MSeed
Throne
May 2025Participated
$4 MSeed
18
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Night Capital: 18 funding rounds are recorded in the selected participation categories.All available history.
Night Capital: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed213
Series A02
Other Equity01

Monthly Deal Activity

Night Capital: 18 deals are recorded across 74 months.All available history.
Night Capital: 18 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '221
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 '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '263
Aug '262
Sep '262
Oct '260

Sector Breakdown

Night Capital: AI & Machine Learning is the largest displayed sector by deal count (7 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.

Night Capital: AI & Machine Learning is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
AI & Machine Learning7
Enterprise Software6
Networks, Cloud & Communication5
E-Commerce & Retail4
Fintech4
Professional Services4
Transportation & Logistics3
Hardware & Robotics3
Developer Tools3
Government & Defense2
Consumer & Lifestyle2
Health & Life Sciences2
Social & Community Platforms2
Data, Analytics & IT1
Space & Frontier Tech1
Manufacturing1

Deal Size Distribution

Night Capital: 18 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.

Night Capital: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M7
$10M-$25M2
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Night Capital: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Night Capital: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Night Capital: 20 co-investors are shown, with Andreessen Horowitz 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.

Night Capital: 20 co-investors are shown, with Andreessen Horowitz sharing 2 recorded deals. All available history
Co-investorShared deals
Andreessen Horowitz2
Background Capital2
Garage Capital2
K5 Global2
Liquid 2 Ventures2
Long Journey Ventures2
Nova Threshold2
Olive Capital2
Palm Drive Capital2
Ritual Capital2
True Ventures2
UFO Holdings2
Y Combinator2
20VC1
a16z Speedrun1
Accomplice1
Angel Valkyrie1
Articulate Capital1
Aurelia Foundry Fund1
Backend Capital1

Investment Strategy

Night Capital: Led accounts for 11% and participating for 89% of round participation.All available history.
Night Capital: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led211%
Participating1689%
Night Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Night Capital: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Kevin Carter

Founder and General Partner