Fundraising Fox
Dunbar Capital
Venture capitalCambridge · Pre-Seed–Seed · 3 people tracked
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Investment thesis
Dunbar Capital draws its name from Dunbar's Theory, the idea that there is a cognitive limit to the number of stable social relationships a person can maintain. The fund emphasizes intentional, sustainable, and helpful relationship building. It uses data, insights, and research about companies and relationships to source, evaluate, and make thesis-driven, conviction investments at the pre-seed and seed stage. Its focus areas center on fintech (business banking, consumer payments, B2B payments, wealthtech and brokerage) and fintech-adjacent themes such as commerce enablement, identity/KYC/AML, marketplaces, vertical SaaS, and Web 2.5, across US and EMEA markets.
Source: firm website, verified Aug 7, 2026.
Team · 3 people
from public directoriesWhat they invest in
from 19 of 29 portfolio companiesFintech ×11SaaS ×11AI & Machine Learning ×9Enterprise Software ×6Consumer ×3Developer Tools ×3B2B Marketplaces ×1Crypto & Web3 ×1
HQs:United States×8Nigeria×2Kenya×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×62 founders×6
What their founders studiedfrom 12 founders with field-of-study data
Computer Science ×5Engineering ×3Business & Management ×2Finance & Accounting ×2
Where their founders worked beforefrom 14 founders with career history
Nets Group ×2Trulioo ×2
Accelerator rootsportfolio companies that came through a program
Investments · 29 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 12022 · 13 dated
Adaline provides a platform that helps AI teams improve and monitor their agents in production by ingesting traces, automatically generating evaluations, and creating synthetic test data to catch regressions before deployment.
AI & Machine LearningDeveloper ToolsEnterprise Software
Akshay G.(Founder)in
Co-investorsDiagramStreamlined Ventures
Birthday.app is a consumer mobile app that uses AI to find friends' birthdays from a user's contacts and compile them into a personal birthday calendar with reminders.
AI & Machine LearningConsumerSocial
Caliza provides cross-border payment infrastructure that lets international businesses make instant global payouts, open multi-currency and USD-denominated accounts, run FX and treasury operations, and transact in fiat or stablecoins.
Crypto & Web3FintechSaaS
Co-investorsAbstract VenturesBetter Tomorrow VenturesDigital Currency GroupInitialized CapitalKraynos CapitalQED Investors+3 more
Kevin Zhang(Founder)in
Co-investorsBain Capital CryptoAvestria VenturesCalm/Storm VCSevenX Ventures
Curio makes interactive toys that come to life as conversational characters for children.
AI & Machine LearningConsumerHardware
Samuel Eaton(Founder)in
Co-investorsACME CapitalBlue Wire CapitalMute VenturesShine CapitalKhosla VenturesOKX Ventures
Entendre provides AI agents that automate accounting workflows, turning transactions into journals, financial documents into data, and speeding up month-end close.
AI & Machine LearningFintechSaaSNew York, US
Kareem Khattab(Executive Officer, Director, Promoter)in
BoardXuezhao Lan(Director)in
Co-investorsAlumni VenturesBasis Set VenturesSouth QuadYork IEAlpine VenturesMoonPay
Hopscotch Primary Care provides primary care services for adults with Medicare or Medicare/Medicaid, with a focus on rural communities in North Carolina.
Digital HealthHealthtechNorth Carolina, US
Kasheesh offers a payment tool that links a user's existing credit and debit cards and generates a single Mastercard card that splits a purchase across multiple cards at any merchant accepting Mastercard.
ConsumerFintechNew York, US
Sam Miller(Co-Founder & CEO)inKevin Kim(Co-Founder & CTO)in
Co-investorsAdapt VenturesAnthemis VentureFlucas VenturesCourtside VenturesSRB VenturesTribe Capital Firstlook
Mercoa provides B2B payment solutions, specifically AI-powered billing and invoicing tools, for SaaS platforms to embed into their product for their end customers.
Developer ToolsFintechSaaSSan Francisco, US
Sai Arora(Founder)inSandeep Dinesh(Founder)in
Co-investorsY CombinatorAfore CapitalCapitalize VC
Minoa is an AI-powered platform that automates business case development and value quantification for enterprise B2B SaaS sales teams.
AI & Machine LearningEnterprise SoftwareSaaSSales Tech
Max Elster(Co-founder)inRichard Einhorn(Co-founder)in
Co-investorsAlumni VenturesFiDi VenturesFleitmann Ventures UG (Haftungsbeschraenkt)468 Capital
OatFi operates a B2B credit network that embeds working capital into B2B payments, providing credit at the point of invoicing and payment.
Data & InfrastructureEnterprise SoftwareFintechSaaSNew York, US
John Jordan(Co-Founder & CTO)inMike Barbosa(Co-Founder & CEO)in
Co-investorsEvolution VenturesLorimer VenturesPICUS CAPITALQED InvestorsWhite Star CapitalCambrian Ventures
OpenYield operates a marketplace for fixed income trading that uses algorithmic liquidity and modern technology to provide automated, executable pricing for bonds.
B2B MarketplacesFintechSaaS
Hilton(Founder/CTO)
Co-investorsDraper AssociatesFlow Traders
River Markets provides a unified trading terminal and API for prediction market desks, aggregating order books and execution across multiple prediction exchanges like Kalshi and Polymarket.
FintechSaaSSan Francisco, US
Oscar Levy(Co-Founder)inAntonin Parrot(Founder)in
Co-investorsHaun VenturesY CombinatorBlast.ClubCherry VenturesCoinbase VenturesDragonfly+6 more
Rovr is an AI orchestration platform for field delivery engineering, IT consulting, and professional services teams that automates the capture of customer requirements, work structuring, and project delivery.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Arnav Jain(Founder)inYash Jain(Founder)inNithik Yekollu(Founder)in
Co-investorsY Combinator
RovrStack is developing an agentic operating system intended to power space-related operations.
AI & Machine LearningDeep TechSpace Tech
Co-investorsCity Light
Washington D.C., US
Douglas Bemis(Founder)inDouglas K. Bemis III(Executive Officer, Director)
BoardChris Fisher(Director)inChristopher Martin(Director)
Co-investorsPoint72 VenturesHyperplane Venture CapitalKhosla Ventures
Umba is a digital bank for African consumers and small businesses that provides banking services, credit products, and payment solutions via mobile platforms.
FintechNairobi, KE
Barry O’Mahony(Founder)
Co-investorsAct Venture CapitalACT Venture CapitalFrontline VenturesStreamlined VenturesTrueSight VenturesTwo Culture Capital+9 more
Waza provides a B2B global payments platform for emerging market businesses in Africa, LATAM, Asia, and the Middle East to send and receive cross-border payments.
FintechLagos, NG
Maxwell Obi(Founder)inEmmanuel Igbodudu(Founder)in
Co-investorsFlucas VenturesKube VCOlive Tree CapitalVelocity DigitalY CombinatorByld Ventures+4 more
Zuvy provides invoice factoring and invoicing software for small and medium-sized enterprises to manage cash flow and working capital.
Enterprise SoftwareFintechSaaS
Co-investorsTLG CapitalVicus Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AinekoDunbar DirectoryDunbar IntelligenceHopscotchOpenYieldSendwirepayWirepay
Portfolio news
latest coverage across their companiesRiver Markets · ycombinator.com · May 26, 2026
Syntracts · finsmes.com · Oct 22, 2025
Mercoa · ycombinator.com · Aug 11, 2025
Frequently asked questions
- How many investments has Dunbar Capital made?
- Dunbar Capital has 29 tracked investments, including 1 dated in the last 24 months.
- What stage does Dunbar Capital invest at?
- Dunbar Capital invests at the Pre-Seed, Seed stages.
- What is Dunbar Capital's typical check size?
- Dunbar Capital typically writes checks of $25K – $1M.
- What sectors does Dunbar Capital focus on?
- Dunbar Capital focuses on AI & Machine Learning, Cybersecurity, Enterprise Software, Fintech, Marketplaces, SaaS, Sector Agnostic.
- Where is Dunbar Capital located?
- Dunbar Capital is headquartered in Cambridge, US.
- Does Dunbar Capital lead rounds?
- Dunbar Capital typically participates in rounds rather than leading them.
- Who does Dunbar Capital co-invest with?
- Dunbar Capital most often shares deals with Alumni Ventures, QED Investors, Shine Capital, among 48 tracked co-investors.
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