Delta-v Capital
About Delta-v Capital
Growth investor in software and security.
Delta-v Capital was founded in 2009. Crunchbase says it began by providing secondary liquidity to minority investors and later added growth equity for growth-stage technology companies. Crunchbase names David Schaller and Rand Lewis as founders. One venture directory also lists Dan Williams as a third co-founder and says the three previously worked together as partners at Austin Ventures. That directory is a secondary source. The firm's LinkedIn page says it has offices in Denver and Dallas and manages over $1.1B in assets. Crunchbase gives a lower figure of over $500M, so the AUM number is not consistent across sources. Directories list further partners, including Colin Barclay, Kyle Rogers and Garrett Marsilio. No source we found names a partner who leads AI investing specifically.
Delta-v does not run a separate AI fund, and we found no public AI-specific thesis. Its AI deals come from its general focus on infrastructure software, cloud services, CxO software and vertical software. The two recent AI rounds are different in kind. In September 2026 it led HiddenLayer's $100M Series B, with Ten Eleven Ventures, Morgan Stanley, M12 and Booz Allen Ventures participating. HiddenLayer sells security for AI systems, and the round funds its runtime security for AI agents. In October 2026 Delta-v joined Albert's $55M Series B as a new investor. TCV led that round. Albert builds a chemistry-focused AI platform for research and development.
Delta-v describes itself as a growth equity investor that takes minority positions in private technology companies. It also offers secondary liquidity to founders and early investors. One directory says it typically looks for companies with more than $10M in revenue. Check size is not published by the firm, and directories disagree. Crunchbase gives $3M to $30M, and another directory gives $5M to $50M. Treat both as estimates. Fund sizes are also inconsistent across sources, so we are not listing any.
- HiddenLayer: AI security platform for models and agents; $100M Series B led by Delta-v, announced September 2026.
- Albert (Albert Invent): chemistry-native AI platform for R&D; $55M Series B led by TCV with Delta-v as a new investor, October 2026.
- crunchbase.com/organization/delta-v-capital
- linkedin.com/company/delta-v-capital
- venturecapitalarchive.com/venture-funds/delta-v-capital-deltavcapital-
- privateequitylist.com/investors/delta-v-capital
- pulse2.com/hiddenlayer-raises-100-million-series-b-led-by-delta-v-capi
- devcuration.com/articles/hiddenlayer-raises-100m-for-ai-runtime-securi
- citybiz.co/article/918131/albert-raises-55-million-series-b-to-expand-
- dealroom.co/news/162206-albert-raises-55m-series-b-to-scale-chemistry-
Investing activity
Delta-v Capital appears in 2 AI deals tracked by the AI Lounge deals desk, rounds totalling $155M, and led 1 of them. The rounds are mostly Series B, with a median round size of $100M. The most recent are Albert (Albert Invent) (Series B, $55M, Oct 2026) and HiddenLayer (Series B, $100M, Sep 2026).
Delta-v Capital most often invests alongside TCV, Socium Ventures, HighSage Ventures and Legion VC, and the companies it backs on AI Lounge are mostly in Chemistry AI / materials R&D software and AI security.
Deals
Frequently asked questions about Delta-v Capital
Does Delta-v Capital invest in AI startups?
Yes, but as part of a broader technology focus rather than an AI-only strategy. In 2026 it led HiddenLayer's $100M Series B and joined Albert's $55M Series B.
What stage does Delta-v Capital invest at?
It invests in growth-stage companies, usually through minority growth equity. One directory says it looks for companies with over $10M in revenue. It is not a seed or pre-seed investor.
How large are Delta-v Capital's checks?
The firm does not publish check sizes. Third-party directories estimate $3M to $30M (Crunchbase) or $5M to $50M, and these estimates are unverified.
Who founded Delta-v Capital and where is it based?
It was founded in 2009 and is based in Boulder, Colorado, with offices in Denver and Dallas. Crunchbase lists David Schaller and Rand Lewis as founders.
Does Delta-v Capital lead AI rounds?
Yes. It led HiddenLayer's Series B in September 2026. In Albert's Series B it was a new investor behind lead investor TCV.
What AI companies has Delta-v Capital invested in?
Delta-v Capital's AI investments include Albert (Albert Invent) and HiddenLayer. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Delta-v Capital based?
Delta-v Capital is based in Boulder, US.
Who does Delta-v Capital co-invest with?
Delta-v Capital's most frequent co-investors on AI Lounge are TCV (1 deal), Socium Ventures (1 deal), HighSage Ventures (1 deal), Legion VC (1 deal) and J.P. Morgan Growth Equity (1 deal).
How can founders reach Delta-v Capital?
Founders on AI Lounge can see Delta-v Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Delta-v Capital to their Investor Pipeline to track the conversation.