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Night Capital

San Francisco, CA · Invests in US · Website

Pre-SeedSeedConsumer Apps & SocialE-commerce & MarketplacesB2B SaaSAI & Machine LearningDeveloper ToolsFintechEnterprise SoftwareFintech & PaymentsDeveloper Tools & InfrastructureHealthcare & Digital HealthRobotics & Automation

Thesis

Think independently, act with integrity, and serve founders well. Back exceptional founders building in massive markets at the earliest stages. Prioritize being indispensable over ubiquitous — long-term partnerships built on reputation and relationships.

Likely not a fit for

No later-stage companies; avoids following consensus trends. Not a lead investor in growth rounds.

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$53.1M
Decision process
Solo GP

Partners & team

3 contacts on file

CS

Colt Sauers

Team Member · Primary contact

+ Pitch

c•••@ni•••.com

LinkedIn profile

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KC

Kevin Carter

General PartnerFounder and General Partner

+ Pitch

k•••@ni•••.com

LinkedIn profile

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SH

Susan Hyland

Team Member

+ Pitch

s•••@ni•••.com

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Portfolio

KalshiConsumer Apps Social

Kalshi is the first CFTC regulated exchange dedicated to trading on the outcome of future events. It allows users to trade on a wide range of topics, including economics, culture, and climate, through innovative financial instruments called event contracts, which enable trading based on specific yes-or-no questions regarding future occurrences.

Deel

Deel is a global payroll and compliance platform that provides HR solutions for businesses looking to hire and manage remote teams. It offers tools for managing international payroll, compliance, and employee benefits, streamlining the hiring process across borders.

ZipEnterprise Software

Zip is a procurement orchestration platform that streamlines the purchasing process from intake to pay, leveraging AI to enhance decision-making and efficiency.

UnderdogfantasyGaming

Underdog Fantasy offers fantasy sports including Best Ball, Daily Drafts, and Pick'em for NFL and NBA. It provides quick drafting and big cash prizes.

GammaMedia Entertainment

Gamma is a modern media and technology enterprise founded by Larry Jackson and Ike Youssef, aimed at revolutionizing how artists create, distribute, and monetize their content and brands. The company focuses on the global expansion of artistry and culture, providing a holistic approach to the creative and economic growth of artists and innovators across music, visual media, and technology.

Rally LegalEnterprise Software

Rally is an all-in-one client intake, document automation, collaboration, and company management tool designed for law firms and businesses, enhancing legal workflows and client interactions.

Standard BotsRobotics Automation

Standard Bots designs and assembles AI-native robots to automate complex tasks, focusing on making robotics accessible for various industries, particularly in manufacturing.

PlenfulHealthcare Digital

Plenful is an AI workflow automation platform designed specifically for pharmacy teams, aimed at streamlining operations and enhancing patient care through automation of complex workflows.

Standard FleetEnterprise Software

Standard Fleet is a fleet management platform designed for the software-defined vehicle era, offering solutions for payment automation, digital keys, telematics, and EV management.

BuildForeverConsumer Apps Social

BuildForever is a software company that focuses on creating consumer products that feel personal, magical, and deeply human.

AirbnbTravel Hospitality

Airbnb is a global platform that connects travelers with unique accommodations and experiences offered by hosts in over 220 countries. Founded in 2007, the company has grown to include over 5 million hosts and has facilitated more than 2 billion guest arrivals, fostering authentic connections between guests and local communities.

StripeFintech Payments

Stripe builds programmable financial services. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities.

Recent activity

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Research briefRead more
Night Capital Research Firm Overview Night Capital is a boutique early-stage venture capital firm based in San Francisco, California, founded in 2018 by Kevin Carter. The firm began investing independently after Carter spent nearly a decade as General Partner at SV Angel (2009-2018), where he built an exceptional track record partnering with generational founders from the earliest stages. Night Ca

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