# Dell Technologies Capital

Dell Technologies Capital is an Asset Manager based in Round Rock, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Round Rock, United States
- **Region:** North America
- **Address:** Round Rock, TX, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** delltechnologiescapital.com
- **LinkedIn:** https://www.linkedin.com/company/delltechcapital

## Regulatory record

- **Reports private funds:** No

## About

Dell Technologies Capital (DTC) leads investments in the enterprise and has done so since 2012. It began as EMC Ventures in Palo Alto and in 2016, after Michael Dell acquired EMC, the investment team became Dell Technologies Capital and launched out of stealth. The firm has passed $1B invested to date and maintains a portfolio of enterprise technology companies.

## Sectors

- Cybersecurity
- AI/ML
- Data & Analytics
- Developer Tools
- Infrastructure
- Silicon
- Edge & Logistics
- Enterprise Software

## People

- Michael Dell — Chairman and CEO of Dell Technologies

## Questions

### How does Dell Technologies Capital source its deals?

DTC's primary sourcing advantage comes from its parent — Dell Technologies provides visibility into enterprise shifts and relationships with the Fortune 500 that can surface early-stage teams solving pressing infrastructure problems. The firm also maintains open inbound channels, explicitly inviting founders to DM partners on LinkedIn or email delltechcapital@dell.com. It emphasizes long-term relationship building with founders and technical innovators, often starting conversations well before a formal round.

### Is DTC a corporate venture arm or an independent financial VC?

DTC is a hybrid: it is the venture investment team of Dell Technologies, but it measures itself as a financial-returns-driven practice. The firm states its returns performance is consistently in the 95th percentile versus financial VCs, and its investments are not required to have strategic alignment with Dell. This financial-first posture sets it apart from most corporate venture units, while still giving portfolio companies access to Dell's customer base and technical expertise.

### What investment stages does DTC typically target?

DTC concentrates on early-stage investments — Seed and Series A rounds — as its typical first check. It leads rounds, takes board seats, and remains engaged through exit. The firm does not follow a strict multi-stage mandate, preferring to be the first institutional partner with deep operational involvement through the growth phase and into IPO or acquisition.

### Which sectors does Dell Technologies Capital explicitly avoid?

DTC's website core areas — cybersecurity, AI/ML, edge and logistics, data and analytics, developer tools, infrastructure, and silicon — leave notable absences: consumer internet, fintech, digital health, climate and energy transition, and biotech do not appear in its stated focus. The firm is enterprise-only and technology-stack-deep, reflecting the parent company's strengths and the team's domain expertise.

### How is DTC related to the broader Dell Technologies corporate structure?

DTC operates as the venture investment team inside Dell Technologies, reporting through the parent entity rather than as a separate limited partnership. Its returns and portfolio are internal to Dell Technologies, not managed for external LPs. The connection provides portfolio companies with access to Dell's F500 customer relationships, engineering talent, and distribution, but the investment process and return framework operate with financial-VC discipline.

### What is DTC's track record on exits?

Since inception in 2012, DTC has seen nine portfolio companies go public and more than 85 get acquired. Notable IPOs include DocuSign, MongoDB, Zscaler, and Arista Networks. Acquirers have included Amazon, Apple, Microsoft, Cisco, and Palo Alto Networks. This exit velocity — spanning enterprise categories and both strategic and public-market outcomes — is a cornerstone of its pitch to early-stage founders.

## Related profiles

- [Bemsiq](https://altss.com/profile/bemsiq-ab)

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Last updated: 2026-08-11T15:06:35.052Z

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