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DevCap is an early-stage investment firm focused on applied artificial intelligence. It offers hands-on technical and strategic guidance to portfolio companies. Leveraging extensive research and development experience, DevCap provides a builder-centric perspective, drawing from direct involvement in developing and deploying complex AI solutions.
The firm's foundation arose from recognizing significant opportunities in applied AI and a desire to evolve traditional venture capital models. DevCap functions as an evergreen investment corporation, prioritizing enduring partnerships without a fixed liquidation timeline. This framework underscores its core insight: fostering sustained innovation and long-term alignment with supported enterprises.
DevCap partners with founders building novel AI solutions poised to define markets and create substantial competitive advantages. Its mission is to empower companies leveraging artificial intelligence in groundbreaking ways. The firm's vision centers on strategic capital deployment to enhance per-share value by backing transformative AI businesses that reshape industries.
DevCap has 3 tracked investments across 3 companies. The latest tracked deal is $2.0M Seed in Glowtify in November 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2025 | Glowtify | $2.0M Seed | Graphite Ventures, Accelia Capital | Sprout Fund, Telegraph Ventures |
| Sep 22, 2025 | Mycroft | $3.5M Seed | Karim Gillani | Antler, BoxOne Ventures, Brightspark Ventures, Graphite Ventures, Ripple Ventures |
| Mar 22, 2024 | Rithmik Solutions | $2.0M Other Equity | — | Angelone, Archangel, Chrysalix Energy Venture Capital, Cycle Momentum, Ecofuel, Golden Triangle Angel Network, Diane Wolfenden, Shaheel Hooda |
