Msd Capital
Family officeNew York · Seed–Series B · 5 people tracked
Also known as MSD Partners
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Investment thesis
MSD Capital pursues a multi-disciplinary investment strategy aimed at maximizing long-term capital appreciation. It invests globally across a broad range of asset classes, including the equity of both public and private companies, credit, real estate, and other securities. As the vehicle managing the assets of Michael S. Dell and his family, the firm is not a traditional venture fund but a single-family office with a flexible, long-horizon mandate spanning multiple disciplines and geographies.
Source: firm website, verified Oct 2, 2026.
Team · 5 people
from the firm's website & public directoriesFounder mafia
2 people who came through Msd Capital went on to found or lead other companies.
What they invest in
from 10 of 12 portfolio companiesAI & Machine Learning ×7Enterprise Software ×7SaaS ×6Developer Tools ×5Cloud Computing ×3Cybersecurity ×2Data & Infrastructure ×1Fintech ×1
HQs:United States×10
Investments · 12 tracked
founders shown can be your intro pathBy year:2025 · 12021 · 22019 · 12017 · 15 dated
GitLab is an intelligent orchestration platform for DevSecOps that enables teams and AI agents to collaborate on the full software development lifecycle, from planning through deployment, with integrated security and compliance capabilities.
AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareSan Francisco, US
Sid Sijbrandij(CEO)inDmytro Zaporozhets(CTO)inDmitriy Zaporozhets(Founder)inPaul Machle(Executive Officer)inSytse Sijbrandij(Founder)
BoardBruce Armstrong(Director)in
Co-investorsAlkeon InnovationAugust CapitalBase PartnersBling CapitalCategory VenturesCoatue Management+36 more
Airtable is a San Francisco-based no-code platform that lets teams build apps and workflows on a flexible database.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSSan Francisco, US
Howie Liu(Founder)inAndrew Ofstad(Founder)inEmmett Nicholas(Founder)inAmbereen Toubassy(Chief Financial Officer)inPaul Ohls(Chief Revenue Officer)inDavid Azose(Chief Technology Officer)
Co-investorsBling CapitalBoxGroupCaffeinated CapitalCoatue ManagementCRV (Charles River Ventures)CSC Upshot+35 more
Asteroid provides a HIPAA-compliant platform that automates workflows across healthcare systems lacking public APIs, including EHRs, payer portals, and government registries through browser automation and AI agents.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareHealthtechSaaSSan Francisco, US
David Mlcoch(CEO)inJoe Hewett(CTO)in
Co-investorsEntrepreneur FirstMITONMyAsiaVCTranspose Platform ManagementY CombinatorBalderton Capital+12 more
Infrastructure company acquired by Arista.
Santa Clara, US
Kyle Forster(Director)inDouglas Murray(Executive Officer, Director)in
BoardMike Volpi(Director)inGary Morgenthaler(Executive Officer, Director, Promoter)Bruce Armstrong(Director)inBill Meehan(Director)
Co-investorsDell Technologies CapitalIn-Q-TelIndex VenturesIntel CapitalKhosla VenturesRedpoint Ventures+1 more
Covid test maker that went public at a $2.3 billion valuation.
Clint Sever(Founder)in
Co-investorsACME CapitalDarwin CapitalDecheng CapitalDentsu VenturesForesite CapitalMothership VC+4 more
Expanse predicts the GPU, memory, runtime, and failure risk of compute jobs before they run, so clusters do more work on the same hardware and reduce failed or overprovisioned jobs.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Ismaeel Bashir(CEO)inNikodem Bieniek(Founder)inYafet Melake(Founder)inEren Mendi(Founder)inMatt Kraning(Founder)Tim Junio(Founder)
Co-investorsNew Enterprise Associates (NEA)Scribble VenturesY CombinatorAIP SeedBlast.ClubCrane Venture Partners+13 more
Flexport provides an AI-driven platform for global supply chain management, offering logistics visibility, customs brokerage, and freight optimization for companies shipping goods internationally.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Ryan Petersen(CEO)inRyan Peterson(Executive Officer, Director)Sanne Manders(Executive Officer)inChristopher Ferro(Executive Officer)Sudhanshu Priyadarshi(Executive Officer)inDavid C. Petersen(Founder)in
Co-investors137 Ventures1435 Capital3Spoke Capital8VCAcequia Capital (AceCap)Adit Ventures Management, Llc+70 more
Guesty provides software for hospitality businesses to manage operations and guest experiences across multiple listings.
AI & Machine LearningFuture of WorkPropTechSaaSNew York City, US
Amiad Soto(CEO)inKoby Soto(CTO)inVered Raviv Schwarz(Executive Officer)in
BoardNatalie Refuah(Director)inTzafrir Shahar(Director)Daniel O'Keefe(Director)
Co-investorsAltaIR CapitalAmino CapitalApax DigitalFlashpoint Venture CapitalInovia CapitalMagma Venture Partners+18 more
Guru offers AI-powered team hubs and employee portals that keep company knowledge current by automatically surfacing verified, cited information for internal teams.
AI & Machine LearningEnterprise SoftwareSaaSPhiladelphia, US
Mitchell Stewart(Founder)inRick Nucci(Founder)inMitch Stewart(Founder)
Co-investorsAccelBonfire VenturesEmergence Capital PartnersFirstMark CapitalLockheed Martin VenturesSalesforce Ventures
Gusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.
Enterprise SoftwareHR TechSan Francisco, US
Josh Reeves(CEO)inEdward Kim(Empowering Gusto's Engineering Team)inTomer London(; Empowering Gusto's Product and Design Teams)inJoshua Reeves(Founder)Nick Baum(Empowering the Payroll Product Team at Gusto)inNeal Kemp(Software Engineer (Consultant))
Co-investors137 VenturesA*Acrew CapitalAkkadian VenturesAspect VenturesAurum+63 more
F5 NGINX provides a lightweight, high-performance solution for delivering, securing, and scaling apps, APIs, Kubernetes services, and AI workloads across distributed, hybrid multi-cloud environments.
Cloud ComputingCybersecurityDeveloper Tools
Co-investorsAcorn Pacific VenturesNew Enterprise Associates (NEA)Runa CapitalTitanium VenturesBlue Cloud VenturesIndex Ventures
Stripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Developer ToolsFintechSaaSSan Francisco, US
John Collison(President)inPatrick Collison(CEO)inWilliam Gaybrick(Executive Officer)inGreg Brockman(Founding Engineer, then first CTO)inSarah HeckinRyan Seekely(Engineering Manager)
Co-investors1435 Capital500 GlobalAdvaita CapitalAdventure FundAglae VenturesAir Street Capital+100 more
Exits · 2
1 IPOs · 1 acquisitionsPortfolio news
latest coverage across their companiesGusto · gusto.com · Jun 2, 2026
Expanse · ycombinator.com · May 4, 2026
Stripe · techcrunch.com · Feb 24, 2026
Asteroid · ycombinator.com · Dec 9, 2025
Fund performance · per public LP disclosures
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| MSD Empire Fund (Class A)LPs: Empire State Development – New York Ventures | 2023 | — | — | 1.12x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Msd Capital made?
- Msd Capital has 12 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
- What stage does Msd Capital invest at?
- Msd Capital invests at the Seed, Series A, Series B stages.
- What sectors does Msd Capital focus on?
- Msd Capital focuses on SaaS.
- Where is Msd Capital located?
- Msd Capital is headquartered in New York, US.
Co-investors · 19
Felicis is a venture capital firm that backs early-stage founders, investing primarily at Seed and Series A across artificial intelligence, cybersecurity and defense, global resilience and energy, and health and bio.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
First Round Capital is an early-stage venture firm partnering with founders at the very first stages of company creation, backing companies from angel through seed with hands-on support across GTM, recruiting, and operations.
Quiet Capital is an early-stage venture firm run by builders who back founders from day zero.
Goat Capital is a venture capital firm. Its public homepage lists its founders and a contact email but provides limited additional detail.
Catapult Capital is an operator-led investment firm that backs market-defining AI, internet, software, and life science platforms, pairing hands-on operating expertise with a founder network to create value.
Dell Technologies Capital (DTC) is the corporate venture arm of Dell, backing early-stage enterprise technology companies building category-defining businesses.
Coelius Capital provides entrepreneurial early-stage capital to technology startups, generally investing in B2B or B2B2C companies.
Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Sapphire Ventures partners with expansion-stage enterprise software companies, aiming to help them become category leaders. Its Platform team of operators supports portfolio companies with customer introductions, go-to-market talent, and growth advisory.
▶7 more co-investors
Amplify PartnersMeritech Capital PartnersThreshold VenturesWingWalden InternationalA.Capital VenturesH.I.G. Growth Partners
Firms observed investing alongside Msd Capital, from public investor directories. Shared companies are the overlap with Msd Capital's recorded portfolio.
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