About D Squared Capital
D Squared Capital is a private equity firm founded in 2020. It is primarily based in United Kingdom. As of Oct 2026, D Squared Capital is an active investor with a portfolio of 3 companies, comprising 3 funding rounds and 1 acquisition. In the last 12 months, it has participated in 1 funding round. The firm primarily invests in companies based in United Kingdom and Australia. Its portfolio is spread across a wide range of sectors from FinTech to Energy Tech. Its latest investment was a $***** Series B round in Fuse Energy on Dec 18, 2025 which also saw participation from Balderton Capital, Lowercarbon and other investors.
Overall D Squared Capital portfolio has seen 1 unicorn and 1 acquisition, namely Fuse Energy, Railsr. A lot of funds co-invest with D Squared Capital, with names like QuantumLight sharing a substantial percentage of its portfolio.
D Squared Capital has a team of 1 people, including 1 partner.
Key Metrics
Founded Year
2020
Location
Portfolio Companies
Portfolio Sectors
Portfolio Locations
Acquisition Deals
Investment Deals
D Squared Capital's Portfolio
D Squared Capital has a portfolio of 3 companies. They have invested in a total of 3 companies. Their most recent investment was in Fuse Energy (Series B round) on Dec 18, 2025. Here is the most recent investment by D Squared Capital:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Dec 18, 2025 | Series B | 9846 | ||
Oct 27, 2023 | Series C | 2667 | ||
Jul 09, 2023 | Series B | 4580 | ||
Nov 15, 2021 | Series A | 6701 |
D Squared Capital has acquired 1 company. Their most recent acquisition was of Railsr on Mar 10, 2023. Here is the most recent acquisition by D Squared Capital:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Mar 10, 2023 | Provider of embedded finance platform solutions | $178M | 2016 |
Here is the portfolio snapshot of D Squared Capital:
Investments by Year
The maximum number of investments were made in 2023
Acquisitions by Year
The maximum number of acquisitions were made in 2023
Portfolio by Location
Companies are primarily in United Kingdom and Australia
Portfolio by Sector
Companies are primarily in FinTech
Team profile of D Squared Capital
D Squared Capital has a team of 1 member. D Squared Capital's team does not sit on the board of any company as of now.Co-investors of D Squared Capital
Over the past 6 years, 4 investors have co-invested in D Squared Capital's portfolio companies.
- Top Co-investors of D Squared Capital: 4 investors entered a company along with D Squared Capital. These include investors like QuantumLight (1 company).
D Squared Capital News
•
Fintech Investors Back £17 Million Funding for MONET to Support UK Creative AgenciesBebeez•Jul 25, 2025•D Squared Capital, Modern Capital, Monet Money
•
Railsr ‘bouncing back’ with $24m funding injectionFintech Finance•Oct 28, 2023•Railsr, D Squared Capital, Moneta, Ventura Capital
•
Banking-as-a-service provider Railsr acquired by Embedded FinanceRetailbankerinternational•Mar 10, 2023•Railsr, D Squared Capital, Moneta
•
Fintech Railsr agrees rescue sale to prevent collapseUKTN•Mar 10, 2023•Railsr, D Squared Capital, Moneta Ventures, Ventura Capital
•
Railsr purchased by a consortium led by D Squared CapitalThe Paypers•Mar 09, 2023•Railsr, D Squared Capital
•
