About T.Capital
T.Capital is a venture capital firm founded in 2023. It is primarily based out of Hamburg, Germany. As of Sep 2026, T.Capital is an active investor, having invested in 122 companies, with 10 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series D round of Exein Overall, T.Capital portfolio has seen 15 unicorns, 4 IPOs and 45 acquisitions including key companies like DocuSign, Perplexity and ElevenLabs. A lot of funds co-invest with T.Capital, with names like Deutsche Telekom sharing a substantial percentage of its portfolio. T.Capital has team of 13 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 4 more
Portfolio Unicorns
Deals in last 12 months
T.Capital's List of Top Investments
T.Capital has a portfolio of 122 companies, including 15 unicorns. Their most notable investments are in Apertio and LevelUp.Their portfolio spans across United States, Germany, United Kingdom and 11 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 29 other sectors, across stages such as Series B, Series A and 4 more. Here is the list of top investments by T.Capital:
1. DocuSign
Provider of electronic signature and intelligent agreement management platform solutions. The platform offers tools for contract lifecycle management, agreement preparation, and agreement workflow automation. It provides features such as electronic notarization, web forms, and multi-channel delivery options. The platform extends its capabilities through integrations, APIs, and a mobile application.
Key facts about DocuSign
- Founded Year: 2003
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,578 as on Aug 31, 2026
- Investors: HTIF, Glynn Capital and 92 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
2. Perplexity
AI-powered search and answer generation. It enables users to ask complex questions and receive concise, well-sourced answers synthesized from multiple web sources. The platform combines natural language understanding with real-time web data to provide accurate, context-aware responses.
Key facts about Perplexity
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.72B
- Employee Count: 1,370 as on Aug 31, 2026
- Investors: Oceanic Partners, T. Rowe Price and 65 Others
- Latest Funding Round: Angel, Dec 05, 2025, $*****
- Highlight: Editors' Pick
3. ElevenLabs
AI platform for speech, voice cloning, music, and AI agents. It provides tools for creating realistic speech, converting text to natural-sounding audio, cloning voices, generating music and sound effects, and building conversational AI agents. It serves developers, enterprises, and creators through APIs and integrated products designed for applications such as content production, customer support automation, media localization, and interactive AI experiences.
Key facts about ElevenLabs
- Founded Year: 2022
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $822M
- Employee Count: 1,313 as on Aug 31, 2026
- Investors: Salesforce Ventures, Bond Capital and 51 Others
- Latest Funding Round: Series D, Jun 17, 2026, $*****
- Highlight: Editors' Pick
AI-powered aerial intelligence and reconnaissance systems. It develops autonomous drone platforms and supporting software that enable real-time aerial intelligence, high-precision mapping, and situational awareness in complex operational environments. It focuses on integrating hardware and AI-based analytics to deliver actionable insights for military and security forces, including battlefield reconnaissance, border monitoring, and tactical decision support. Its systems are designed for rapid deployment, autonomous operation, and interoperability within modern defense ecosystems.
Key facts about Quantum Systems
- Founded Year: 2015
- Location: Gilching (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.82B
- Employee Count: 724 as on Aug 31, 2026
- Investors: Fidelity Investments, Commerzbank and 37 Others
- Latest Funding Round: Series D, Jul 02, 2026, $*****
- Highlight: Editors' Pick
5. Innovid
Provider of an independent, omnichannel platform for advertising creation and delivery. The platform enables ad authoring, interactive ad development, and dynamic ad creation. It facilitates digital and social ad management, along with reach, frequency, and outcome measurement. The platform also offers verification and optimization tools. It serves advertisers, publishers, and partners, providing solutions for various industries.
Key facts about Innovid
- Founded Year: 2007
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.6M
- Employee Count: 799 as on Aug 31, 2026
- Investors: Vintage Investment Partners, TriplePoint Capital and 12 Others
- Latest Funding Round: Series C, Jan 07, 2019, $*****
- Highlight: Acquired
T.Capital's Year-on-Year Investment Trends
T.Capital has invested in 122 companies over the last 26 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Exein and most recent follow-on round was in Decagon.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 9 | 0 | 9 |
2024 | 4 | 0 | 4 |
2023 | 3 | 0 | 3 |
2022 | 5 | 1 | 6 |
2021 | 2 | 1 | 3 |
2020 | 3 | 0 | 3 |
2019 | 0 | 0 | 0 |
2018 | 1 | 1 | 2 |
2017 | 1 | 0 | 1 |
T.Capital's Investments by Stage
T.Capital has made 28 investments in Series B stage with an average round size of $102M, 25 investments in Series A stage with an average round size of $14.1M and 22 investments in Series C stage with an average round size of $72.1M.Stage of entry | No. of Investments |
|---|---|
Series B | 28 |
Series A | 25 |
Series C | 22 |
Seed | 14 |
Series D | 6 |
Others | 1 |
Note: We have considered here, only first round of investments
T.Capital's Investments by Sector
T.Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Consumer and Telecom. Notably, it has invested in 103 Tech companies, 89 Enterprise (B2B) companies, 71 Software companies and at least 42 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 49 |
Enterprise Infrastructure | 24 |
High Tech | 24 |
Consumer | 18 |
Telecom | 16 |
Others | 87 |
Note: We have considered here, only first round of investments
T.Capital's Investments by Geography
T.Capital has made most investments in United States (43), followed by Germany where it has made 28 investments.Country | No. of Investments |
|---|---|
United States | 43 |
Germany | 28 |
Israel | 6 |
United Kingdom | 6 |
Canada | 3 |
Others | 10 |
Note: We have considered here, only first round of investments
T.Capital's recent investments
T.Capital has made 4 investments in 2026 so far. Exein and HappyRobot are the latest among them.Here are the most recent investments by T.Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2026 | Italy | Series D | 9563 | [+12] | |
Aug 04, 2026 | United States | Series C | 8069 | [+10] | |
Mar 23, 2026 | United States | Series B | 8654 | [+5] | |
Jan 28, 2026 | United States | Series D | 4324 | [+12] | |
Dec 11, 2025 | Sweden | Series B | 9242 | [+13] |
Unicorns in T.Capital's Portfolio
T.Capital has 15 unicorns in its portfolio - HappyRobot, Dash0, Black Forest Labs and others. The most recent unicorn in their portfolio is HappyRobot. It became a unicorn in 2026.Here is a list of unicorns in T.Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Developer of an AI operating system for autonomous business operations | 2023 | San Francisco | Series C | boavcws | ||
58 | Cloud based application monitoring software | 2023 | New York City | Series B | gmcieth | ||
58 | Frontier AI lab building visual infrastructure for tomorrow's creative reality | 2024 | Wilmington | Series B | wvi{qgq | ||
65 | Developer of workflow automation software for building integrated technical processes | 2019 | Berlin | Series C | iigfbcb | ||
62 | Provider of cloud infrastructure for artificial intelligence and computing workloads | 2023 | London | Series C | duy{qzn |
IPOs and Publicly Listed companies in T.Capital's Portfolio
4 of T.Capital's portfolio companies have become public. DocuSign got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2018 at marketcap of $4.41B and Boku got listed on the London Stock Exchange (LSE) at marketcap of $208M.Here are T.Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 27, 2018 | - | - | 4999 | |
Nov 20, 2017 | - | - | 8089 | |
Jan 10, 2015 | - | - | 5005 | |
Jul 15, 2010 | - | - | 5720 |
Acquired companies in T.Capital's Portfolio
45 companies from T.Capital's portfolio have been acquired. The most recent acquisition was Numecent in Sep 2026 by Citrix for $*****.Here are T.Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 05, 2026 | May 29, 2013 | Series A | 7494 | |
Feb 03, 2026 | Dec 19, 2014 | Series A | 5094 | |
Nov 10, 2025 | Dec 05, 2023 | Series B | 2689 | |
May 06, 2025 | - | - | 4629 | |
Nov 21, 2024 | Sep 23, 2010 | Series A | 4101 |
Team profile of T.Capital
T.Capital has a team of 13 members including 5 Partners and 1 Principal located in Germany and United Kingdom. T.Capital's team sits on the board of 1 company.Here is a list of top team members in T.Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | Germany | - | ||
Partner | Germany | - | ||
Partner | Berlin | - | ||
Partner | Hamburg | |||
Principal | - | - | - |
Co-investors of T.Capital
Over the past 26 years, 740 investors have co-invested in T.Capital's portfolio companies. This includes funds and angels.
- Invested before T.Capital: Accel, Andreessen Horowitz and 349 others have invested in rounds before T.Capital. There are 8 companies where Accel has invested before T.Capital and 7 companies where Andreessen Horowitz has invested before T.Capital.
- Top Co-investors of T.Capital: 211 investors entered a company along with T.Capital. These include investors like Deutsche Telekom (5 companies).
- Invested after T.Capital: A total of 178 investors have invested in T.Capital's portfolio after their investments. Top Investors include Deutsche Bank (5 companies), SoftBank (2 companies) and T. Rowe Price (2 companies).
Recent News related to T.Capital
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HappyRobot Secures $150 Million Series C Funding to Expand Enterprise AI Agent PlatformIntelligentcio•Aug 04, 2026•HappyRobot, Prysm Capital, Koch Disruptive Technologies, Eurazeo and 11 others
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Tripo AI Secures $150 Million Series A3 Financing to Advance AI 3D and World Model TechnologiesGlobeNewswire•Jul 02, 2026•Tripo, Orrino Capital, Addor Capital, Genesis Capital and 4 others
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Decagon AI secures $250M at $4.5B valuation to expand AI concierge platformSiliconAngle•Jan 29, 2026•Decagon, Block, Avis Budget Group, Affirm and 16 others
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Vibe-coding platform Lovable secures €281M Series B to globally scale its AI-native software platformEU-Startups•Dec 18, 2025•CapitalG, Menlo Ventures, Lovable, Salesforce Ventures and 12 others
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Quantum Systems Acquires FERNRIDE to Deepen Autonomous FocusEU-Startups•Dec 17, 2025•Fernride, Quantum Systems, T.Capital, Deutsche Telekom
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Black Forest Labs Announces $300M Series B Investment to Accelerate Visual IntelligenceAgencia EFE•Dec 01, 2025•Black Forest Labs, Salesforce Ventures, AMP, Meta and 37 others
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Mondoo Raises $17.5 Million to Pioneer Agentic Vulnerability Management™intelligence360•Oct 17, 2025•T.Capital, Mondoo, Atomico, HV Capital and 2 others
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N8n hits $2.5 billion valuation after $180 million Series C round, set to disrupt workflow automation with AITech Funding News•Oct 09, 2025•Meritechsolutions, N8n, Accel, Deutsche Telekom and 20 others
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Filigran Closes $58M Series C FundingFinSMEs•Oct 06, 2025•T.Capital, Filigran, Insight Partners, Eurazeo and 3 others
