About Capital Factory
Capital Factory is a venture capital firm founded in 2009. It is primarily based out of Austin, United States. As of Jul 2026, Capital Factory is an active investor, having invested in 861 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Bluecore Energy Overall, Capital Factory portfolio has seen 4 unicorns, 12 IPOs and 84 acquisitions including key companies like Rover, Merck and Adyen. A lot of funds co-invest with Capital Factory, with names like Silverton Partners sharing a substantial percentage of its portfolio. Capital Factory has team of 45 people including 24 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Capital Factory's List of Top Investments
Capital Factory has a portfolio of 861 companies, including 4 unicorns. Their most notable investments are in Grocery TV and DataJoint.Their portfolio spans across United States, United Kingdom, Canada and 19 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 39 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Capital Factory:
1. Rover
App-based pet sitting marketplace. The platform connects dog owners with dog sitters who look after pets at owners own homes. It allows users to find other pet-care service providers and book using the platform by making an online payment. Its service offerings include dog boarding, house sitting, dog walking, pet grooming, and more. The app is available for iOS and Android devices.
Key facts about Rover
- Founded Year: 2011
- Location: Olympia (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $409M
- Employee Count: 11,752 as on Jun 30, 2026
- Investors: T. Rowe Price, Cross Creek and 31 Others
- Latest Funding Round: Venture Debt, May 24, 2018, $*****
- Highlight: Acquired
2. Merck
Manufacturer of pharmaceutical products. The Company offers health solutions through its prescription medicines, vaccines, biological therapies, and animal health products, which it markets directly and through its joint ventures. It operates through one segment, Pharmaceutical. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. The Company has operations in the Pharmaceutical, Animal Health, Alliances, and Healthcare Services segments. Human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. As of August 2014, Merck's research and development efforts have led to the approval of more new drugs than any other company. Research performed at Merck has led to U.S. FDA approval of 63 New Molecular Entities. In 2022, the company recorded annual revenues of $57.09B and a net profit of $13.03B.
Key facts about Merck
- Founded Year: 1891
- Location: Rahway (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Employee Count: 44,751 as on Apr 30, 2026
- Investors: Berkshire Hathaway, Gershon Capital and 11 Others
- Latest Funding Round: Grant (prize money), Sep 15, 2021, $*****
- Highlight: Public
3. Adyen
Provider of end-to-end payment, data, and financial management platform solutions. The platform facilitates payment acceptance, revenue protection, and financial control. It allows businesses to add payment methods and expand into new markets. The platform connects online and offline channels to create customer experiences using cross-channel insights. It helps businesses understand their data and manage fraud.
Key facts about Adyen
- Founded Year: 2006
- Location: Amsterdam (Netherlands)
- Stage: Public
- Total Funding till date: $266M
- Employee Count: 5,488 as on Jun 30, 2026
- Investors: Triodos Investment Management, Access Industries and 15 Others
- Latest Funding Round: Series C, Sep 30, 2015, $*****
- Highlight: Public
4. Brave
Developer of a browser and search engine focused on privacy. The browser blocks third-party ads and trackers, offering faster webpage loading and data savings. It provides built-in security features enabled by default, including protection against fingerprinting. The search engine delivers results from its own index without profiling users.
Key facts about Brave
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $7M
- Employee Count: 353 as on Jun 30, 2026
- Investors: Rising Tide Fund, Hone Capital and 24 Others
- Latest Funding Round: Seed, Aug 01, 2016, $*****
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5. Kahoot
Kahoot is a cloud-based gamified content management platform for schools and organizations. It enables educators to create learning games and then share them with learners. Its features include importing questions from spreadsheets, insert videos in questions, multiple types of questions, and more. It works on a subscription-based revenue model.
Key facts about Kahoot
- Founded Year: 2012
- Location: Oslo (Norway)
- Annual Revenue: £0 - £1M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $52.3M
- Employee Count: 565 as on Jun 30, 2026
- Investors: Wider Sky, SoftBank Group and 14 Others
- Latest Funding Round: Post IPO, Sep 16, 2022, $*****
- Highlight: Acquired
Capital Factory's Year-on-Year Investment Trends
Capital Factory has invested in 862 companies over the last 17 years, with an average of 16 new investments annually in the last 10 years. In 2025, it made 9 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Bluecore Energy and most recent follow-on round was in Apptronik.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 7 | 2 | 9 |
2024 | 7 | 0 | 7 |
2023 | 6 | 1 | 7 |
2022 | 17 | 0 | 17 |
2021 | 12 | 3 | 15 |
2020 | 23 | 0 | 23 |
2019 | 50 | 3 | 53 |
2018 | 22 | 0 | 22 |
2017 | 10 | 1 | 11 |
Capital Factory's Investments by Stage
Capital Factory has made 158 investments in Seed stage with an average round size of $3.87M, 32 investments in Series A stage with an average round size of $9.49M and 8 investments in Grant (prize money) stage with an average round size of $82K.Stage of entry | No. of Investments |
|---|---|
Seed | 158 |
Series A | 32 |
Grant (prize money) | 8 |
Series B | 8 |
Unattributed | 3 |
Others | 1 |
Note: We have considered here, only first round of investments
Capital Factory's Investments by Sector
Capital Factory has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Vertical SaaS and FinTech. Notably, it has invested in 613 Tech companies, 465 Enterprise (B2B) companies, 396 Software companies and at least 268 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 98 |
Consumer | 48 |
High Tech | 30 |
Vertical SaaS | 26 |
FinTech | 19 |
Others | 223 |
Note: We have considered here, only first round of investments
Capital Factory's Investments by Geography
Capital Factory has made most investments in United States (206), followed by Brazil where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 206 |
Brazil | 1 |
China | 1 |
India | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Capital Factory's recent investments
Capital Factory has made 3 investments in 2026 so far. Bluecore Energy and Artis AI are the latest among them.Here are the most recent investments by Capital Factory:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 21, 2026 | United States | Seed | 3547 | [+11] | |
Jun 11, 2026 | United States | Seed | 5372 | [+1] | |
May 12, 2026 | United States | Seed | 6081 | [+4] | |
Oct 24, 2025 | United States | Seed | 8724 | [+3] | |
Oct 07, 2025 | United States | Seed | 3778 |
Unicorns in Capital Factory's Portfolio
Capital Factory has 4 unicorns in its portfolio - Apptronik, Cart.com, Beamery and others. The most recent unicorn in their portfolio is Apptronik. It became a unicorn in 2025, 2 years after Capital Factory first invested in it.Here is a list of unicorns in Capital Factory's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of general-purpose humanoid robots for various applications and industries | 2016 | Austin | Series A | bdnrgq{ | ||
69 | Provider of unified commerce and logistics solutions for business growth | 2020 | Houston | Series D | fnlqeyi | ||
65 | Provider of software for workforce intelligence and talent management automation | 2013 | London | Series D | wuilvrw | ||
70 | Cloud based business incorporation platform | 2017 | Austin | Series C | kkhcciy |
IPOs and Publicly Listed companies in Capital Factory's Portfolio
12 of Capital Factory's portfolio companies have become public. Virtuix Omni got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2026 and Voyager Space got listed on the New York Stock Exchange (NYSE) at marketcap of $1.57B.Here are Capital Factory's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 27, 2026 | - | - | 1245 | |
Jun 11, 2025 | - | - | 9305 | |
Oct 06, 2021 | - | - | 5650 | |
Feb 03, 2021 | - | - | 8767 | |
Jun 13, 2018 | - | - | 9483 |
Acquired companies in Capital Factory's Portfolio
84 companies from Capital Factory's portfolio have been acquired. The most recent acquisition was Carestarter in Apr 2026 by PCSI for $*****.Here are Capital Factory's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 10, 2026 | Apr 23, 2019 | Seed | 5715 | |
Jan 20, 2026 | Oct 03, 2019 | Seed | 9451 | |
Nov 12, 2025 | - | - | 6601 | |
May 08, 2025 | Jul 11, 2016 | Series A | 5355 | |
Apr 10, 2025 | - | - | 3759 |
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Team profile of Capital Factory
Capital Factory has a team of 45 members including 24 Partners, 4 Venture Partners and 4 Principals located in United States and Portugal. Capital Factory's team sits on the board of 1 company.Here is a list of top team members in Capital Factory:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Austin | - | - | |
Partner | Dallas | - | ||
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | Austin | - |
Co-investors of Capital Factory
Over the past 17 years, 926 investors have co-invested in Capital Factory's portfolio companies. This includes funds and angels.
- Invested before Capital Factory: National Science Foundation, MassChallenge and 139 others have invested in rounds before Capital Factory. There are 6 companies where National Science Foundation has invested before Capital Factory and 6 companies where MassChallenge has invested before Capital Factory.
- Top Co-investors of Capital Factory: 447 investors entered a company along with Capital Factory. These include investors like Silverton Partners (12 companies).
- Invested after Capital Factory: A total of 338 investors have invested in Capital Factory's portfolio after their investments. Top Investors include Techstars (6 companies), Silverton Partners (5 companies) and Floodgate (4 companies).
Recent News related to Capital Factory
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Casimir has raised $12 Million in new Fundingintelligence360•Jun 04, 2026•COTTONWOOD TECHNOLOGY, Capital Factory, Scout Ventures, Lavrock Ventures
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DexMat Raises Over $5M in Seed FundingFinSMEs•Jan 30, 2026•Governance Partners, BetterWay, Non sibi ventures, Capital Factory and 2 others
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Ray Studios Secures €10M to Expand Tattoo Removal Network Across EuropeEU-Startups•Dec 03, 2025•Ray, Capital Factory, Gaingels, Nickleby Capital and 1 other
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Markup AI Secures $27.5 Million to Launch the Industry's First Content Guardian AgentsSMTMC•Sep 18, 2025•Markup, GENUI, EMH Partners, Markup and 1 other
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Callidus Legal AI Secures $10M in Funding to Build AI Operating System for LitigatorsPR Underground•Jul 15, 2025•Cervin, AI Fund, Active Capital, Capital Factory and 2 others
