Night Capital
Emerging managerBuilt from this firm's Form D filings. The firm files no SEC adviser report.
- Website
- https://nightcapvc.com
- HQ
- CA
Night Capital is a venture firm founded by Kevin Carter. Its philosophy is to think independently, act with integrity, and serve founders well. Today Kevin works alongside a small, focused team including Colt Sauers and Susan Hyland. The firm has been fortunate to invest in the first rounds of Deel, Zip, Standard Bots, Plenful, Rally Legal, Underdog, Gamma, and Kalshi.
01 · Says / Does
| Tag | Says | Does |
|---|---|---|
| Stages | Not stated | Not enough dated deals |
| Sectors | Not stated | Not enough dated deals |
| Regions | Not stated | Not enough dated deals |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Night Capital Fund IV, LP Night Capital is a venture firm that backs founders and aims to be indispensable to the teams it partners with. Its past and present investments span companies such as Kalshi, GitHub, Deel, Stripe and Databricks. Inferred from the firm's website | 2025 | $20.91M to $25M (Form D) | Open, writing first checks |
| Night Capital Fund III, LP Night Capital is a venture firm that backs founders and aims to be indispensable to the teams it partners with. Its past and present investments span companies such as Kalshi, GitHub, Deel, Stripe and Databricks. Inferred from the firm's website | 2023 | $8.19M to $25M (Form D) | Open, writing first checks |
| Night Capital Fund II - QP, LP | 2021 | $8.08M (Form D) | Follow-ons only |
| Night Capital Fund II - QP, LP | 2021 | $8.08M (Form D) | Follow-ons only |
| Night Capital Fund II, LP | 2021 | $12.25M to $15M (Form D) | Follow-ons only |
03 · People across funds
- Kevin Carter
Night Capital Fund IV, LP (Named on Form D); Night Capital Fund III, LP (Named on Form D); Night Capital Fund II - QP, LP (Named on Form D); Night Capital Fund II - QP, LP (Named on Form D); Night Capital Fund II, LP (Named on Form D)
- Night Capital Fund II GP, LLC N/A, General partner of the Issuer
Night Capital Fund II - QP, LP (Named on Form D); Night Capital Fund II - QP, LP (Named on Form D); Night Capital Fund II, LP (Named on Form D)
- Colt Sauers
Night Capital Fund IV, LP (Team); Night Capital Fund III, LP (Team); Night Capital Fund II - QP, LP (Team); Night Capital Fund II - QP, LP (Team); Night Capital Fund II, LP (Team)
- Susan Hyland
Night Capital Fund IV, LP (Team); Night Capital Fund III, LP (Team); Night Capital Fund II - QP, LP (Team); Night Capital Fund II - QP, LP (Team); Night Capital Fund II, LP (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026