Night Capital
Night Capital is a boutique venture capital firm based in San Francisco, California, founded by Kevin Carter. The firm specializes in early-stage investments, particularly in pre-seed and seed startups that are targeting large, high-growth markets. Night Capital focuses on providing venture capital investment and support to founders. Its investment philosophy emphasizes backing exceptional entrepreneurs and helping startups grow through capital, strategic guidance, and access to a valuable network. The firm has a diverse portfolio that includes investments in companies such as Pilot Protocol,
Investing activity
Night Capital appears in 2 AI deals tracked by the Lounge deals desk, rounds totalling $15M. The rounds are mostly Seed, with a median round size of $15M. The most recent are Liquid Compute (Seed, $15M, Sep 2026) and Pilot Protocol (Seed, $4.5M, Jul 2026).
Night Capital most often invests alongside FirstMark Capital, Chemistry, K8 and Transpose Platform Management, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Night Capital
What AI companies has Night Capital invested in?
Night Capital's AI investments include Liquid Compute and Pilot Protocol. The 2 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Night Capital based?
Night Capital is based in San Francisco, California, United States.
What stage does Night Capital invest at?
In the rounds tracked on Lounge, Night Capital has invested at Seed, with a median round of $15M.
Who does Night Capital co-invest with?
Night Capital's most frequent co-investors on Lounge are FirstMark Capital (1 deal), Chemistry (1 deal), K8 (1 deal), Transpose Platform Management (1 deal) and Dmitry Balyasny (1 deal).
How can founders reach Night Capital?
Founders on Lounge can see Night Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Night Capital to their Investor Pipeline to track the conversation.