# DH Capital

> DH Capital is a VC fund backing Information Technology and Security. See 19 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 19
- Last investment: Jan 2022
- Lead investor: 63%
- Last fund: May 2012
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/dh-capital-llc
- Website: http://www.dhcapital.com
- Facebook: https://www.facebook.com/114985548513985

DH Capital is a private investment banking partnership founded in 2001 and serves the media, Internet and telecommunications industries.

## Contacts

5 contacts available for DH Capital. Shizune tracks 8 team members at DH Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/dh-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$9.5M |
| Series A | $2.5M–$12M |
| Series B | $28M–$44M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 3 | 16% |
| Security | 2 | 11% |
| Software | 2 | 11% |
| Data Center | 2 | 11% |
| Therapeutics | 2 | 11% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 21% |
| Series A | 4 | 21% |
| Series B | 3 | 16% |
| Private Equity | 2 | 11% |
| Series C | 1 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 7 | 37% |
| Germany | 2 | 11% |
| Brazil | 1 | 5% |
| Nicaragua | 1 | 5% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adam Lewis | Partner | 0 | https://shizune.co/investors/profile/adam-lewis |
| Andrew Kaskel | Managing Director | 0 | https://shizune.co/investors/profile/andrew-kaskel |
| Eric Schultz | Associate | 0 | https://shizune.co/investors/profile/eric-schultz-2 |
| Joseph Duggan | Chairman | 1 | https://shizune.co/investors/profile/joseph-duggan |
| Kelly Coyle | Director of Finance and Administration | 0 | https://shizune.co/investors/profile/kelly-coyle |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| BAoE | BAoE is a "PLAY TO EARN" game built on the BSC platform. Business Age of Empires, players will embody cyborgs, go on an adventure to uncover the treasures, and learn more about mankind's once-famous civilizations. | $3M | Seed | Jan 26, 2022 |  |
| Liqid | Liqid is an IT company that provides comprehensive, software-defined composable infrastructure solutions and services. The company composable infrastructure platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needsevolve. The Command Center software enables users to dynamically right-size their IT resources on-the-fly.Liqid intuitive GUI, REST API, or CLI enables an end-user to create servers in seconds from those resource pools to deploy applications on-demand. The company’s software disaggregates the server components in your datacenter—CPU, GPU, FPGA, NVMe, Optane, and NICs and places them into resource pools. | $100M | Series C | Dec 07, 2021 |  |
| Liqid | Liqid is an IT company that provides comprehensive, software-defined composable infrastructure solutions and services. The company composable infrastructure platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needsevolve. The Command Center software enables users to dynamically right-size their IT resources on-the-fly.Liqid intuitive GUI, REST API, or CLI enables an end-user to create servers in seconds from those resource pools to deploy applications on-demand. The company’s software disaggregates the server components in your datacenter—CPU, GPU, FPGA, NVMe, Optane, and NICs and places them into resource pools. | $100M | Series C | Dec 07, 2021 |  |
| Lokker | Lokker protects companies and their customers from the unauthorized behavior of third parties so they can block, allow, or anonymize their users' information in real time. Lokker's Continuous Privacy Monitoring and Protection (CPMP) gives organizations a new model for web privacy and compliance. | $5.6M | Series A | Dec 31, 2020 |  |
| Lokker | Lokker protects companies and their customers from the unauthorized behavior of third parties so they can block, allow, or anonymize their users' information in real time. Lokker's Continuous Privacy Monitoring and Protection (CPMP) gives organizations a new model for web privacy and compliance. | $5.1M | Seed | Dec 31, 2020 |  |
| Data Dynamics | Data Dynamics is a leader in file management solutions that enable enterprises to analyze, move, manage and modernize data assets across hybrid, cloud and object-based storage infrastructures. StorageX eliminates vendor lock-in and provides a policy-based, storage management platform to empower your business with insight, agility and operationalefficiency. | $9M | Private Equity | Jul 06, 2020 |  |
| Liqid | Liqid is an IT company that provides comprehensive, software-defined composable infrastructure solutions and services. The company composable infrastructure platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needsevolve. The Command Center software enables users to dynamically right-size their IT resources on-the-fly.Liqid intuitive GUI, REST API, or CLI enables an end-user to create servers in seconds from those resource pools to deploy applications on-demand. The company’s software disaggregates the server components in your datacenter—CPU, GPU, FPGA, NVMe, Optane, and NICs and places them into resource pools. | $28M | Series B | Nov 13, 2019 |  |
| Liqid | Liqid is an IT company that provides comprehensive, software-defined composable infrastructure solutions and services. The company composable infrastructure platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needsevolve. The Command Center software enables users to dynamically right-size their IT resources on-the-fly.Liqid intuitive GUI, REST API, or CLI enables an end-user to create servers in seconds from those resource pools to deploy applications on-demand. The company’s software disaggregates the server components in your datacenter—CPU, GPU, FPGA, NVMe, Optane, and NICs and places them into resource pools. | $11.7M | Series A | May 10, 2017 |  |
| Observable Networks | Observable offers Network Security-as-a-Service providing automated security analytics and modeling to continuously analyze the behavior of all network devices. Observable Networks, the Clayton-based network security startup. | $1.6M | Debt Financing | Feb 19, 2016 |  |
| Liqid | Liqid is an IT company that provides comprehensive, software-defined composable infrastructure solutions and services. The company composable infrastructure platform empowers users to manage, scale, and configure physical, bare-metal server systems in seconds and then reallocate core data center devices on-demand as workflows and business needsevolve. The Command Center software enables users to dynamically right-size their IT resources on-the-fly.Liqid intuitive GUI, REST API, or CLI enables an end-user to create servers in seconds from those resource pools to deploy applications on-demand. The company’s software disaggregates the server components in your datacenter—CPU, GPU, FPGA, NVMe, Optane, and NICs and places them into resource pools. | $9.5M | Seed | May 20, 2015 |  |

10 of 19 investments shown.

## Co-investors
- [Iron Gate Capital](https://shizune.co/investors/profile/iron-gate-capital) — VC Fund, 4 deals together
- [OH Beteiligungen](https://shizune.co/investors/profile/oh-beteiligungen) — VC Fund, 3 deals together
- [Panorama Point Partners](https://shizune.co/investors/profile/panorama-point-partners) — VC Fund, 3 deals together
- [Ulu Ventures](https://shizune.co/investors/profile/ulu-ventures) — VC Fund, 3 deals together
- [Kingston](https://shizune.co/investors/profile/kingston) — VC Fund, 2 deals together
- [Lightrock](https://shizune.co/investors/profile/lgt-lightstone) — VC Fund, 2 deals together

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## FAQ

### What does DH Capital invest in?

DH Capital invests primarily in Information Technology, Security and Software startups, most often at Seed and Series A stage. Most of the 19 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is DH Capital's check size?

DH Capital typically joins rounds of $1.5M–$9.5M at Seed, $2.5M–$12M at Series A and $28M–$44M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds DH Capital participates in.

### How do I contact DH Capital?

Public channels for DH Capital include LinkedIn, the website linked on this profile and Facebook. 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 DH Capital?

The team at DH Capital includes Adam Lewis (Partner), Andrew Kaskel (Managing Director) and Eric Schultz (Associate), among 8 team members tracked by Shizune. 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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