DEV Capital

DEV Capital, founded in 2019 and based in Reston, Virginia, is a venture capital firm that specializes in identifying and capitalizing on emerging trends and opportunities through thorough analysis. The firm employs a unique investment methodology that combines deep technical expertise, geopolitical insights, and both quantitative and qualitative assessments. DEV Capital focuses its investments across four primary sectors: venture capital, public markets, private markets, and blockchain/crypto. Specific areas of interest include cybersecurity, data analytics, cryptocurrency, and the beverage industry. The firm aims to navigate the complex interplay of environmental, technological, scientific, and geopolitical factors that influence the future, allowing it to identify potential challenges and opportunities in the market.

Matt Devost

Managing Partner

12 past transactions

Snowstorm

Seed Round in 2023
Snowstorm is a developer of a decentralized micro proxy network focused on protecting internet freedom. The company's platform employs encryption and masking techniques to conceal user metadata, effectively severing the traceable link between users and their online activities. This enables businesses to navigate the global free and open internet without the risks of censorship or surveillance. By prioritizing privacy and security, Snowstorm aims to advocate for a more open online environment.

Hack Factory

Seed Round in 2022
Hack Factory is a start-up studio based in Reston, Virginia, focused on building innovative companies in sectors such as cybersecurity, artificial intelligence, machine learning, fintech, blockchain, and data science. The firm engages in rapid technology prototyping to develop disruptive solutions for complex problems and opportunities. In addition to company building, Hack Factory offers growth labs that provide established businesses and new ventures with mentoring, strategy advisory, and networking support. The firm also provides capital, office space, and access to industry experts tailored to the specific needs of each project. Furthermore, Hack Factory fosters a collaborative environment by hosting a community of hackers, thinkers, and creators for unique events aimed at addressing various issues. For those seeking a productive workspace, Hack Factory offers co-working offices and open desks equipped with high-speed internet and modern amenities.

Vollebak

Series A in 2021
Vollebak is a men's apparel brand focused on creating innovative clothing products that leverage science and technology. The company offers a range of items, including shirts, hoodies, jackets, shorts, vests, and accessories, designed with advanced materials such as graphene, ceramic, carbon, plants, and algae. This unique approach allows Vollebak to provide consumers with functional and innovative clothing solutions that differ from traditional fabrics. Customers can purchase these products directly through the company's online platform, utilizing web browsers or mobile applications.

Hubble Technology

Seed Round in 2020
Hubble is a software-as-a-service platform focused on enhancing digital transformation and operational efficiency through asset intelligence technology. The platform offers real-time, precise, and actionable data regarding technology assets, enabling organizations to achieve greater security, compliance, and operational rigor. With features such as agentless architecture and limitless customization, Hubble provides end-to-end visibility across the entire technology landscape. This allows enterprise teams to gain meaningful insights that enhance security and drive business performance. By addressing the challenges of technology asset visibility, Hubble supports organizations in laying a solid foundation for their digital transformation efforts.

Fuzzbuzz

Seed Round in 2019
Fuzzbuzz, Inc. is a software security company that specializes in an automated platform designed to enhance the security of critical software applications. Founded in 2018 and headquartered in Redwood City, California, Fuzzbuzz utilizes fuzzing techniques to identify bugs and vulnerabilities within code. The platform seamlessly integrates into the DevOps workflow, automating complex infrastructure management and providing real-time alerts when issues are detected. It categorizes and deduplicates findings to minimize noise and false positives, allowing users to analyze vulnerabilities efficiently through an intuitive web interface. By offering a flexible test framework and generating comprehensive code coverage and statistical reports, Fuzzbuzz empowers organizations to safeguard their software from malware attacks and digital breaches.

Ligandal

Seed Round in 2019
Ligandal Inc. is a biotechnology company based in Oakland, California, focused on developing therapeutic nanotechnologies for precision medicine. Founded in 2013 and originally named Ligandal Technology LLC, the company specializes in creating a delivery platform aimed at curing and treating diseases through advanced gene therapies. Ligandal's technology utilizes a ligand discovery engine to design materials that can transport a variety of nucleic acids and proteins, including CRISPR and mRNA, to specific cell types with high accuracy. Their innovative approach incorporates peptide-based technologies for gene therapy, gene editing, regenerative medicine, and immunotherapy. Ligandal's initial applications of its technology target areas such as hematology, immuno-oncology, and infectious diseases, facilitating precise delivery of genetic materials and improving therapeutic outcomes.

SCYTHE

Seed Round in 2018
SCYTHE, founded in 2017 and based in Arlington, Virginia, specializes in developing an adversary emulation platform aimed at enhancing cybersecurity for enterprises and consulting firms. The platform enables users to create and simulate real-world adversarial campaigns efficiently, allowing Red, Blue, and Purple teams to assess and improve their security controls. By providing tools to continuously evaluate risk posture and exposure, SCYTHE helps organizations validate their defenses against various cyber threats, ensuring that security teams and employees are better prepared to handle potential breaches and attacks. Through its innovative approach, SCYTHE supports clients in implementing effective cybersecurity services and frameworks.

Bluelava

Seed Round in 2018
Blue Lava is the leading cybersecurity program management solution enabling enterprise security and IT teams to effectively strategize, prioritize, and budget core cybersecurity programs. It enables visibility into the full enterprise IT infrastructure - highlighting and quantifying the strengths and weaknesses of supporting technology, people, and processes and provides for what-if scenario modeling and risk analysis. In addition, Blue Lava delivers these results quickly and easily without the need for expansive professional service engagements and enables CISOs/CIOs to communicate them with confidence to the board or other executives using a standard NIST CF format or Blue Lava's own rich CMM format. Blue Lava is the fastest way to build a high-performance cybersecurity program.

Four18 Intelligence

Seed Round in 2018
Four18 Intelligence is a cybersecurity company that focuses on developing a crowdsourced analysis platform aimed at enhancing cyberattack detection and response. Founded in 2015 as part of the MACH37 cyber accelerator in Virginia, the company seeks to commercialize technology certified by the U.S. intelligence community. Four18's platform combines a cloud-based crowdsourcing engine with a vetted community of cybersecurity experts and data scientists. This approach allows mid-sized and larger organizations to implement a scalable and continuous defense against cyber threats, fostering greater collaboration and human analysis in cybersecurity efforts.

Elevate Security

Seed Round in 2017
Elevate Security, Inc. is a technology company that specializes in human risk management through its web-based platform designed to enhance organizational security. Founded in 2017 and headquartered in Berkeley, California, with an additional office in Quebec, Canada, the company focuses on shifting employee behavior in response to security threats to prevent breaches. Its platform identifies users who are most likely to engage in high-risk activities, such as causing ransomware attacks or data loss, and provides an interactive learning experience to help them understand the implications of their actions. By continuously tracking security behaviors and measuring changes over time, Elevate Security enables organizations to tailor security controls effectively and minimize the risk of incidents, thereby supporting enterprise growth initiatives.

Wickr

Series B in 2014
Wickr Inc. is a San Francisco-based company that specializes in mobile communication applications, offering military-grade encryption for text, images, audio, and video messages. Founded in 2011, Wickr provides users with secure communication channels through its platforms, including Wickr Me, which caters to individuals, small teams, and large enterprises. The application is designed to facilitate private messaging without leaving a trace, ensuring that only the intended recipient can decrypt the messages. Wickr's technology, which employs standard encryption algorithms, supports ephemeral messaging and media, making it suitable for a diverse clientele that includes journalists, government officials, medical professionals, and everyday users. With hundreds of thousands of downloads across over 113 countries, Wickr emphasizes user privacy and security, enabling anonymous communication while supporting the principles of free expression.

Great Leap Brewing

Seed Round in 2012
Great Leap Brewing Company, established in 2010, is Beijing's first craft brewery and operates a pub in the city. The brewery is committed to fostering a Chinese craft beer culture by creating unique recipes that incorporate locally sourced ingredients, including hops, teas, spices, fruits, and other regional products. This emphasis on local sourcing reflects the company's dedication to quality and authenticity in its hand-crafted beers, which blend traditional brewing methods with innovative flavors. Great Leap Brewing aims to produce world-class beers that not only resonate with local consumers in Beijing but also reach a broader audience both within China and internationally.
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