Night Capital

Activity from announced rounds

Activity in this selectionwelsh-e32cc57f

Night Capital is a venture firm founded by Kevin Carter that partners with technology founders over the long term.

Investment approach

The firm describes its approach through independent judgment, close founder relationships and long-term partnership. Its official site lists investments across enterprise and consumer technology.

Activity recorded by RoundOS

RoundOS records Tenkara’s manufacturing operations software, Pilot Protocol’s agent network, Liquid Compute’s market infrastructure and Mara’s counter-drone systems. The entries provide examples of the firm’s recent activity across software, infrastructure and defense technology.

Sources
Rounds participated in
4
Confirmed lead rounds
0
2 roles undisclosed
New companies
4
First participation on record · 0 follow-on
Funding in participating rounds
$33.5M
4 disclosed · full round size, not this investor’s share

By stage

Seed3
Pre-seed1

By primary sector

AI2
Defense tech1
Industrial tech1

By country

United States3
1

Rounds

4 in this selection
Liquid Compute

Liquid Compute is building a market for GPU capacity that connects AI compute buyers, data centers, neoclouds and traders through a physical order book, standardized verification, clearing and settlement; it is onboarding participants while its planned derivatives exchange remains pending CFTC designation and registration.

$15MSeed
Participant
Mara

Mara develops Spike, an autonomous counter-drone system designed to detect, track and stop hostile FPV drones.

$7MPre-Seed
Participant
Pilot Protocol

Building the internet for AI agents to discover, trust, and transact with each other.

$4.5MSeed
Role not disclosed
Tenkara

Builds ops agents for US manufacturers to automate operational work

$7MSeed
Role not disclosed