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Key people at D Squared Capital.
D Squared Capital is a London-based global investment firm, providing venture and growth capital to innovative early and growth-stage companies. Employing a differentiated strategy, it acts as a transformative capital source. The firm partners with founders, delivering solutions designed to drive value creation and accelerate growth in dynamic market environments.
Co-founded in 2020 by Dan Adler and Daniel Brett Matthew Grossman, D Squared Capital leverages its leadership's analytical expertise. Dan Adler, a Managing Director, holds credentials from Saïd Business School, University of Oxford. Their insight was to build a firm actively engaging beyond capital, offering strategic guidance and a robust network to support companies.
The firm targets founders and businesses in Series A to pre-IPO stages, offering strategic investment and operational support. D Squared Capital's vision centers on establishing enduring, mutually beneficial relationships. It leverages deep knowledge and extensive networks to foster growth, empowering innovative solutions and realizing substantial returns.
Key people at D Squared Capital.
D Squared Capital has 2 tracked investments across 2 companies. The latest tracked deal is $69.3M Series B in Fuse Energy in December 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 18, 2025 | Fuse Energy | $69.3M Series B | Daniel Waterhouse, Clay Dumas | Accel, Creandum, Future Positive Capital, Lakestar, Latitud, Quantumlight, Ribbit Capital, Nico Rosberg |
| Jul 9, 2023 | Lyre's Spirit Co | $23.1M Other Equity | D Squared Capital, Morgan Creek | — |