# D Squared Capital

> D Squared Capital is a VC fund backing SaaS, Video and Energy. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Dec 2025
- Lead investor: 75%
- Last updated: Aug 2026

D Squared Capital is a VC fund focused on SaaS and Video.

## Contacts

5 contacts available for D Squared Capital. Shizune tracks 1 team members at D Squared Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/d-squared-capital-9b78?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 1 | 25% |
| Video | 1 | 25% |
| Energy | 1 | 25% |
| Mobile | 1 | 25% |
| Banking | 1 | 25% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 50% |
| Series B | 1 | 25% |
| Funding Round | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 2 | 50% |
| Australia | 1 | 25% |
| United States | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dan Adler | Managing Director | 4 | https://shizune.co/investors/profile/dan-adler-5d0e |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fuse Energy | Fuse is an energy supplier that offers the UK's cheapest electricity tarif. Also active in the US. | $69.2M | Series B | Dec 18, 2025 |  |
| Railsr | Railsr is a financial services company. They provide the creation of digital ledgers, connecting digital ledgers to bank accounts, receiving money, sending money, converting money, issuing cards, and managing credit through the API that enables banks and corporate customers to transact digitally. | $24.3M |  | Oct 27, 2023 |  |
| Lyre's Spirit Co | Many years in the making, Lyre’s exquisite range of lovingly crafted alcohol-free, classic spirits was borne from a quest to make the impossible possible. To provide an alternative to those who don’t wish to imbibe alcohol, but still wish to enjoy the mirth, merriment and social intercourse of an evening soiree or shindig. But this is not justany alternative. Every Lyre’s spirit looks, tastes and sashays around the palate just like the original. And yet, the absence of giggle juice enables revellers to remain clear-headed, of good cheer and in fine fettle to pursue whatever tickles their fancy the following day. Lyre’s – the finest range of non-alcoholic classic spirits the world has ever seen. | $26.8M | Series A | Nov 15, 2021 |  |
| Clinch | Clinch is an Omnichannel AI-powered Personalization platform that delivers consumer tailored creative experiences to drive online and in-store performance. We provide a unified marketing SaaS technology to plan, deliver, optimize and measure personalized creative experiences across all channels, while enriching brands’ consumer profiles withunique data Clinch's VideoAI™ is a proprietary creative technology that leverages data to personalize display and video ad experiences at scale, across programmatic, social and OTT. Clinch has offices in New York City, Austin TX, Israel (R&D), Mexico City, Barcelona and Hamburg. | $10.2M | Series A | May 13, 2021 |  |

4 of 4 investments shown.

## Co-investors
- [D Squared Capital](https://shizune.co/investors/profile/d-squared-capital) — VC Fund, 2 deals together
- [Maropost Ventures](https://shizune.co/investors/profile/maropost-ventures) — VC Fund, 2 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Balderton Capital](https://shizune.co/investors/profile/balderton-capital) — VC Fund, 1 deal together
- [Creandum](https://shizune.co/investors/profile/creandum) — VC Fund, 1 deal together
- [DLF Venture](https://shizune.co/investors/profile/dlf-venture) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does D Squared Capital invest in?

D Squared Capital invests primarily in SaaS, Video and Energy startups, most often at Series A and Series B stage. Most of the 4 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact D Squared Capital?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at D Squared Capital?

The team at D Squared Capital includes Dan Adler (Managing Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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