About Cobalt Capital
Cobalt Capital is a venture capital firm founded in 2019. It is primarily based out of Santa Monica, United States. As of Oct 2026, Cobalt Capital is an active investor, having invested in 40 companies, with 3 new investments in the last 12 months. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and High Tech. Most recently it participated in the $***** Series C round of Parallel Systems Overall, Cobalt Capital portfolio has seen 7 unicorns and 19 acquisitions including key companies like Scopely, MoonPay and FanDuel. A lot of funds co-invest with Cobalt Capital, with names like Dragoneer Investment Group sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Cobalt Capital's List of Top Investments
Cobalt Capital has a portfolio of 40 companies, including 7 unicorns. Their most notable investments are in pMotion and Feather.Their portfolio spans across United States, Canada, Germany and 1 more locations. They have invested in Consumer, Enterprise Applications, High Tech and 14 other sectors, across stages such as Series C, Series A and 2 more. Here is the list of top investments by Cobalt Capital:1. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £1M - £10M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,897 as on Sep 30, 2026
- Investors: InvestX, K2 Global and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
2. MoonPay
Provider of platform for buying, selling, and swapping various cryptocurrencies. The platform facilitates the instant purchase of cryptocurrencies using various payment methods. It also enables users to sell cryptocurrencies directly to their bank accounts or cards. Additionally, the platform offers the ability to send and receive cryptocurrencies.
Key facts about MoonPay
- Founded Year: 2018
- Location: Dover (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $643M
- Employee Count: 477 as on Sep 30, 2026
- Investors: K2 Global, ARTFO Holdings and 81 Others
- Latest Funding Round: Conventional Debt, Mar 21, 2025, $*****
- Highlight: Editors' Pick
3. FanDuel
Developer of a fantasy platform for multiple sports. It provides users to play fantasy sports games for NFL, MLB, NBA, soccer, and golf. It also enables users to select the contests they wish to play, and players to participate in the competition.
Key facts about FanDuel
- Founded Year: 2009
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $416M
- Employee Count: 4,115 as on Sep 30, 2026
- Investors: Western Technology Investment, CapitalG and 42 Others
- Latest Funding Round: Series E, Sep 15, 2016, $*****
- Highlight: Acquired
4. MasterClass
MasterClass provides online courses delivered by celebrity experts. The company offers courses in writing, acting, singing, photography, and more. It offers video content, a class workbook, interactive assignments, and community activities. It has a subscription-based revenue model and it is accessible through mobile and the web. Its mobile app is available for Android and iOS devices.
Key facts about MasterClass
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $461M
- Employee Count: 809 as on Sep 30, 2026
- Investors: Harrison Metal, Fidelity Investments and 62 Others
- Latest Funding Round: Series F, May 13, 2021, $*****
- Highlight: Editors' Pick
5. TuneIn
Subscription-based broadcast radio channel aggregator. It allows users to stream music, live sports, news, podcasts, and radio through various radio stations. It provides music-streaming radio stations that are available on dashboards, smartphones, and tablets. It also offers streaming for live sports, audiobooks, and commercial radio listening. The mobile app is available for Android, iOS, and Windows mobile devices. It generates revenue through monthly subscriptions and in-app purchases.
Key facts about TuneIn
- Founded Year: 2002
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $98.4M
- Employee Count: 182 as on Sep 30, 2026
- Investors: Icon Ventures, La Maison Partners and 16 Others
- Latest Funding Round: Series D, Aug 14, 2017, $*****
- Highlight: Acquired
Cobalt Capital's Year-on-Year Investment Trends
Cobalt Capital has invested in 40 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. As of Oct 2026, it has made 3 investments in this year. Its most recent first time investment was in Parallel Systems and most recent follow-on round was in Mux.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 3 | 1 | 4 |
2020 | 2 | 0 | 2 |
Cobalt Capital's Investments by Stage
Cobalt Capital has made 3 investments in Series C stage with an average round size of $83.3M, 2 investments in Series A stage with an average round size of $187M, 2 investments in Series B stage with an average round size of $30.1M and 1 investment in Series E stage with an average round size of $250M.Stage of entry | No. of Investments |
|---|---|
Series C | 3 |
Series A | 2 |
Series B | 2 |
Series E | 1 |
Note: We have considered here, only first round of investments
Cobalt Capital's Investments by Sector
Cobalt Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Artificial Intelligence - Industry Applications and Auto Tech. Notably, it has invested in 31 Tech companies, 26 Consumer (B2C) companies, 17 Software companies and at least 15 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Consumer | 3 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 2 |
Auto Tech | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
Cobalt Capital's Investments by Geography
Cobalt Capital has made most investments in United States (7).Cobalt Capital's recent investments
Cobalt Capital has made 3 investments in 2026 so far. Parallel Systems and pMotion are the latest among them.Here are the most recent investments by Cobalt Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 07, 2026 | United States | Series C | 9156 | ||
Sep 25, 2026 | - | Series A | 9818 | [+3] | |
Mar 03, 2026 | United States | Series A | 7780 | ||
Jul 13, 2021 | United States | Series C | 6857 | [+11] | |
Jul 08, 2021 | United States | Series B | 5510 | [+3] |
Unicorns in Cobalt Capital's Portfolio
Cobalt Capital has 7 unicorns in its portfolio - One Football, Yuga Labs, MoonPay and others. The most recent unicorn in their portfolio is One Football. It became a unicorn in 2022, 4 years before Cobalt Capital first invested in it.Here is a list of unicorns in Cobalt Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | News media platform for soccer | 2008 | Berlin | Series D | gxsiahc | ||
55 | Non-fungible token collection built on the Ethereum blockchain | 2021 | Coral Gables | Seed | okkousz | ||
82 | Provider of platform for buying, selling, and swapping various cryptocurrencies | 2018 | Dover | Series A | ruzggme | ||
78 | Provider of online courses delivered by celebrity experts | 2012 | San Francisco | Series F | rawkczc | ||
54 | Provider of a suite of video infrastructure solutions | 2015 | San Francisco | Series D | gfmqjfc |
Acquired companies in Cobalt Capital's Portfolio
19 companies from Cobalt Capital's portfolio have been acquired. The most recent acquisition was TuneIn in Nov 2025 by Stingray for $*****.Here are Cobalt Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 11, 2025 | - | - | 9708 | |
Aug 01, 2025 | - | - | 3152 | |
Mar 24, 2025 | - | - | 1628 | |
Dec 02, 2024 | - | - | 2244 | |
Apr 19, 2024 | Jul 08, 2021 | Series B | 7697 |
Co-investors of Cobalt Capital
Over the past 6 years, 103 investors have co-invested in Cobalt Capital's portfolio companies. This includes funds and angels.
- Invested before Cobalt Capital: Evolution Media, Y Combinator and 67 others have invested in rounds before Cobalt Capital. There are 2 companies where Evolution Media has invested before Cobalt Capital and 2 companies where Y Combinator has invested before Cobalt Capital.
- Top Co-investors of Cobalt Capital: 28 investors entered a company along with Cobalt Capital. These include investors like Dragoneer Investment Group (1 company).
- Invested after Cobalt Capital: A total of 6 investors have invested in Cobalt Capital's portfolio after their investments. Top Investors include Cobalt (1 company), Kindred Ventures (1 company) and Transformational Healthcare Venture Capital (1 company).
Recent News related to Cobalt Capital
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Parallel Systems Secures Over $100M in Series C FundingMassinvestor•Oct 08, 2026•Cobalt Capital, Agility, Advance Venture Partners, Parallel Systems and 1 other
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P°Motion Raises Series A Funding Led by Cobalt Capital to Scale AI Biomechanical Assessment PlatformThe SaaS News•Sep 29, 2026•Cobalt Capital
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Havoc Raises $100 Million Series A FundingTradingView•May 12, 2026•HavocAI, Clear Street, Cobalt Capital, Jagreenandco and 5 others
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Genvid Technologies Raises $113M to Create a New Category of Entertainment: Massive Interactive Live EventsAlleyWatch•Jul 28, 2021•Lux Capital, XN, LightShed Ventures, Cobalt Capital and 8 others
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Genvid Holdings Raises $113M in Series C FundingFinSMEs•Jul 16, 2021•Genvid, Valor Equity Partners, Atreides Management, Third Point Ventures and 12 others
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Intellimize Raises $30M In Series B FundingDemand Gen Report•Jul 13, 2021•Precursor Ventures, Homebrew, Amplify Partners, Addition and 2 others
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Intellimize Secures $30 Million to Revolutionize Website Optimization with MLIntellimize•Jul 11, 2021•Intellimize, Cobalt Capital, Amplify Partners, Addition and 2 others
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Mux Raises $105M in Series D FundingFinSMEs•Apr 30, 2021•Mux, Coatue, Accel, Andreessen Horowitz and 3 others
