# Night Capital

Night Capital is a Private Equity based in Greenwich, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Greenwich, United States
- **Region:** North America
- **Address:** Sutter Creek, CA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.nightcapvc.com
- **LinkedIn:** https://www.linkedin.com/company/night-capital

## About

Night Capital is a venture capital firm founded by Kevin Carter. The firm aims to be an early partner to exceptional founders, with a philosophy of thinking independently, acting with integrity, and serving founders well. It invests across stages from early Seed and Series A to growth rounds while staying lean and relationship-driven, and is now investing from its fourth fund.

## Sectors

- Enterprise Software
- FinTech
- Consumer Tech
- AI/ML
- SpaceTech
- Robotics & Automation
- Digital Health
- Real Estate
- Gaming & Esports
- LegalTech

## People

- Kevin Carter — Founder

## Questions

### Who runs investment decisions at Night Capital?

Kevin Carter is the founder and sole decision-maker. He began his venture career at Baseline Ventures in 2008 before spending nearly a decade as a core member of SV Angel, where he helped Ron Conway build the firm's seed-stage portfolio. At Night Capital he leads a lean team that includes Colt Sauers and Susan Hyland, maintaining a single-partner investment committee model.

### How does Night Capital source its deal flow?

Carter draws on a 17-year network built across more than 1,400 investments and deep relationships with founders, operators, and co-investors. Ron Conway, Evan Spiegel, Ram Shriram, and Michelle Wilson are among the references who cite Carter's decade-plus track record of founder referrals. The firm's concentrated model means it competes on relationship depth rather than cold outreach or thematic mapping.

### Does Night Capital lead rounds or primarily follow?

Night Capital is designed to lead or co-lead pre-seed and seed rounds. The firm targets a concentrated number of first-check partnerships per fund, with the flexibility to participate in follow-on rounds as companies scale. Its references from founders at Kalshi, Zip, and Underdog emphasize Carter's role as a conviction lead from the earliest stage.

### What is Night Capital's relationship to SV Angel?

Kevin Carter spent nearly ten years at SV Angel, working alongside Ron Conway to build the firm's early-stage practice. Night Capital was launched independently in 2018, with Conway's personal backing and public endorsement. The two firms are separate legal entities, but Carter's investment philosophy and network remain deeply influenced by his SV Angel tenure.

### What is Kevin Carter's background outside venture capital?

Carter began his career pursuing an entrepreneurial path before entering venture at Baseline Ventures in 2008. He later restored and operates the 145-year-old Imperial Hotel in Amador County, California, a real-asset project unrelated to Night Capital's investment strategy. He lives in Capitola, California and lists surfing, snowboarding, cycling, and reading as personal interests.

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- [Nigeria Sovereign Investment Authority](https://altss.com/profile/nigeria-sovereign-investment-authority-nsia)
- [NightDragon](https://altss.com/profile/nightdragon)

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Last updated: 2026-08-11T15:07:34.613Z

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