DNS Capital

DNS Capital, LLC is a private equity firm and family office based in Chicago, Illinois, focused on investing in middle market companies. Founded in 2012, the firm emphasizes a long-term and flexible investment approach, prioritizing relationships with business owners and management teams to foster alignment and create lasting value. Its investment strategy is industry agnostic but primarily targets basic industries, including industrials, business services, consumer goods, agriculture, retail, and real estate. DNS Capital typically makes equity investments ranging from $25 million to $100 million in companies with EBITDA between $10 million and $50 million, mainly within the United States, while also considering select international opportunities.

Pat Atwood

Vice President

Emily Casey

Vice President

Andrew Dzwonchyk

Principal

Jeff Ehlers

Operating Partner

Scott W. Hairston

COO

George Lyman

Associate

Jason Schroeder

Managing Director

Brian Stal

Vice President

36 past transactions

Hero Bread

Series B in 2023
Hero Bread is a food product company based in San Francisco that focuses on creating nutritious baked alternatives. The company offers a range of products, including bread, muffins, tortillas, and other bakery items, all designed to be low in calories, sugar-free, and with zero net carbohydrates. By prioritizing taste and health, Hero Bread aims to provide consumers with the freedom to enjoy their favorite foods without the associated guilt, making it easier for individuals to maintain a healthy lifestyle.

Stratus Materials

Series A in 2023
Stratus Materials is a developer and manufacturer of manganese-rich, cobalt-free cathode active materials for lithium-ion batteries.

Soli Organic

Venture Round in 2021
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

Activ Surgical

Series B in 2021
Activ Surgical Inc. is a Boston-based company focused on developing innovative solutions for robotic surgery. Founded in 2014, the company has created a robotic surgery platform that leverages advanced computer vision, artificial intelligence, and robotics to assist surgeons during complex procedures. Its flagship product, the Smart Tissue Autonomous Robot (STAR), aims to improve surgical outcomes by enhancing intraoperative decision-making and reducing the risk of unintended surgical errors. By utilizing a patent-protected surgical software platform, Activ Surgical strives to transform surgical vision and enable safer, more efficient surgeries through the integration of augmented reality and AI-driven technologies.

IMIDomics

Series A in 2021
IMIDomics is a unique company tackling Immune-Mediated Inflammatory Diseases (IMIDs). As an innovative leader in discovery and application of biomarkers and new targets to monitor and cure IMIDs, we create value through the combination of the world's largest IMID biobank, extensive relevant clinical expertise, high-throughput genomic and genetic analysis, and intellectual property. IMIDomics is located at Vall d'Hebron Hospital in Barcelona, Spain and on the HudsonAlpha Institute campus in Huntsville, Alabama.

Rapid

Series C in 2021
RapidAPI is an API marketplace that aids developers to connect directly to thousands of public APIs. APIs are the language that software uses to communicate and connect. RapidAPI lets developers manage all API integrations from one place and gives a real-time performance metrics. The company believes that it can get exponentially better by sharing data and functionality with each other. RapidAPI was founded on 2014 and is headquartered in San Francisco, California.

Nimble Robotics

Series A in 2021
Nimble Robotics, Inc. specializes in automated end-to-end solutions for piece-picking, sorting, and packing in eCommerce order fulfillment. Established in 2017 and headquartered in San Francisco, California, the company emerged from the artificial intelligence research labs at Stanford and Carnegie Mellon. Nimble Robotics focuses on advancing robotic technology to enhance the ability of robots to grasp and manipulate a wide variety of objects. The company's mission is to transform eCommerce fulfillment by achieving rates and reliability in robotic handling that surpass human capabilities.

Truvian

Series C in 2021
Truvian Sciences Inc is a healthcare company that develops automated diagnostic equipment aimed at providing convenient and affordable health testing services. Based in San Diego, California, and incorporated in 2015, Truvian's technology integrates blood tests, immunoassays, and hematology assays into a single instrument, allowing for lab-accurate results in a shorter timeframe. This innovative approach enables healthcare professionals to access comprehensive and easy-to-understand lab test reports and insights. Additionally, Truvian's software platform facilitates communication between practitioners and patients, enhancing the overall experience of routine health testing.

Recogni

Series B in 2021
Recogni Inc. specializes in developing artificial intelligence-based cameras and processors designed for real-time object identification. The company's products include an inferencing system module and chips that facilitate the sensor fusion of visual and depth data, optimizing performance, power consumption, and visual range for autonomous vehicles. Founded in 2017 and headquartered in San Jose, California, Recogni also has an office in Munich, Germany. The company primarily serves the automotive industry in both Germany and the United States, assisting manufacturers in achieving Level 2+ vehicle autonomy through its advanced edge processing technology.

Good Eggs

Series D in 2021
Good Eggs, Inc. is an online grocery market based in San Francisco, California, specializing in the delivery of fresh groceries and meal kits to customers' homes throughout the Bay Area. Founded in 2011, the company provides a diverse range of products, including fresh produce, dairy, meats, seafood, snacks, beverages, bakery items, pantry staples, and health and home essentials. Good Eggs emphasizes local sourcing, with over 70% of its offerings coming from regional suppliers, and adheres to strict quality standards for its products. With same-day delivery available seven days a week, Good Eggs aims to simplify meal preparation for families while promoting a sustainable food system. The company has also expanded its marketplace significantly in recent years, adding more than 1,000 new items and broadening its delivery reach. In addition to its commitment to quality food, Good Eggs prioritizes fair labor practices by providing its employees with competitive wages and benefits.

LUB Foods

Venture Round in 2021
Luthman Backlund Foods AB was started in 2013 by Carl Backlund and Niclas Luthman. Since then they have built a team of dedicated and hard-working people around us that all share the same vision - creating snacks and confectionery that is actually good for you and the people you love. THeir ambition is to create a global brand and a wide range of products that adds to the quality of life and well-being of all the snacks and candy-loving people of the world.

RedShelf

Venture Round in 2020
RedShelf, Inc. is an EdTech company based in Chicago, Illinois, that specializes in providing digital course materials. Founded in 2012, it focuses on digitizing and distributing titles from publishers and content creators while streamlining the workflows associated with acquiring, pricing, selling, delivering, and billing for these materials. RedShelf transforms publisher content into eBooks and integrates it with courseware platforms, offering a range of products including eBooks, eTextbooks, digital course packets, and print-on-demand services. The company collaborates with strategic partners, publishers, and campus bookstores to deliver cost-effective and easily accessible learning materials to students. It also provides real-time analytics for professors and institutions to track student usage, along with custom branded marketplaces for bookstores. RedShelf's platform is designed to work seamlessly across various devices, enhancing the educational experience for students and institutions alike.

Activ Surgical

Venture Round in 2020
Activ Surgical Inc. is a Boston-based company focused on developing innovative solutions for robotic surgery. Founded in 2014, the company has created a robotic surgery platform that leverages advanced computer vision, artificial intelligence, and robotics to assist surgeons during complex procedures. Its flagship product, the Smart Tissue Autonomous Robot (STAR), aims to improve surgical outcomes by enhancing intraoperative decision-making and reducing the risk of unintended surgical errors. By utilizing a patent-protected surgical software platform, Activ Surgical strives to transform surgical vision and enable safer, more efficient surgeries through the integration of augmented reality and AI-driven technologies.

Glympse Bio

Series B in 2020
Glympse Bio, Inc. is focused on developing innovative diagnostic solutions that facilitate noninvasive monitoring of various diseases, including cancer, fibrosis, immunological disorders, and infectious diseases. The company employs modular nanoparticle sensors, utilizing precisely engineered diagnostic agents that assess disease states within the body and convey this information through urine analysis. This approach allows for predictive monitoring and evaluation of treatment responses. Founded in 2015 and based in Cambridge, Massachusetts, Glympse Bio's technology is rooted in research originally conducted at MIT and led by a team of experts in nanomedicine and biomedical engineering. Their flagship product, Glympse Inside, serves as a comprehensive platform for disease monitoring and aims to revolutionize how diseases are diagnosed and managed.

Aspiration

Series C in 2020
Aspiration Partners, Inc. is an online financial firm based in Marina del Rey, California, offering retail banking and investment services designed to be accessible to all. The company operates a sustainable financial platform that provides various products, including debit and credit cards, which enable consumers and businesses to engage in carbon reduction efforts. Aspiration empowers its customers to choose their fees and aligns its interests with those of its clients. Furthermore, the firm donates a portion of its earnings to support individuals striving for economic advancement and allows customers to contribute a percentage of their profits to charitable causes of their choice, reinforcing its commitment to social responsibility and sustainability.

Rapid

Series B in 2020
RapidAPI is an API marketplace that aids developers to connect directly to thousands of public APIs. APIs are the language that software uses to communicate and connect. RapidAPI lets developers manage all API integrations from one place and gives a real-time performance metrics. The company believes that it can get exponentially better by sharing data and functionality with each other. RapidAPI was founded on 2014 and is headquartered in San Francisco, California.

Greenbits

Series B in 2020
Greenbits empowers more than 1,200 cannabis retail locations across 13 states with a safer, smarter, easier way to manage day-to-day operations and maximize store performance. The company's robust retail platform – with automated state-by-state compliance, point of sale, inventory control, and personalized insights – enables owners, managers, and budtenders to run, protect, and grow their businesses with ease. As the largest provider of retail technology, Greenbits processes $3.7 billion in regulated cannabis sales annually on its point-of-sale platform.

Truvian

Series B in 2019
Truvian Sciences Inc is a healthcare company that develops automated diagnostic equipment aimed at providing convenient and affordable health testing services. Based in San Diego, California, and incorporated in 2015, Truvian's technology integrates blood tests, immunoassays, and hematology assays into a single instrument, allowing for lab-accurate results in a shorter timeframe. This innovative approach enables healthcare professionals to access comprehensive and easy-to-understand lab test reports and insights. Additionally, Truvian's software platform facilitates communication between practitioners and patients, enhancing the overall experience of routine health testing.

Activ Surgical

Series A in 2019
Activ Surgical Inc. is a Boston-based company focused on developing innovative solutions for robotic surgery. Founded in 2014, the company has created a robotic surgery platform that leverages advanced computer vision, artificial intelligence, and robotics to assist surgeons during complex procedures. Its flagship product, the Smart Tissue Autonomous Robot (STAR), aims to improve surgical outcomes by enhancing intraoperative decision-making and reducing the risk of unintended surgical errors. By utilizing a patent-protected surgical software platform, Activ Surgical strives to transform surgical vision and enable safer, more efficient surgeries through the integration of augmented reality and AI-driven technologies.

Recogni

Series A in 2019
Recogni Inc. specializes in developing artificial intelligence-based cameras and processors designed for real-time object identification. The company's products include an inferencing system module and chips that facilitate the sensor fusion of visual and depth data, optimizing performance, power consumption, and visual range for autonomous vehicles. Founded in 2017 and headquartered in San Jose, California, Recogni also has an office in Munich, Germany. The company primarily serves the automotive industry in both Germany and the United States, assisting manufacturers in achieving Level 2+ vehicle autonomy through its advanced edge processing technology.

Rapid

Series B in 2019
RapidAPI is an API marketplace that aids developers to connect directly to thousands of public APIs. APIs are the language that software uses to communicate and connect. RapidAPI lets developers manage all API integrations from one place and gives a real-time performance metrics. The company believes that it can get exponentially better by sharing data and functionality with each other. RapidAPI was founded on 2014 and is headquartered in San Francisco, California.

Beyond Meat

Series H in 2018
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

Farmer's Fridge

Series C in 2018
Farmer’s Fridge provides an automated smart fridge that serves salads, bowls, snacks, and more. Its unpurchased items are regularly donated to local food pantries, providing responsibly sourced nutrition to community members in need. The company is driven by a mission to make it simple for everyone to eat well. Founder Luke Saunders was frustrated with the lack of healthy, affordable options available on the road so he worked with the best in the business to create a user-friendly smart Fridge that puts chef-curated meals in your hands, in seconds. It was founded in 2013 and headquartered in Chicago, Illinois.

RedShelf

Series C in 2018
RedShelf, Inc. is an EdTech company based in Chicago, Illinois, that specializes in providing digital course materials. Founded in 2012, it focuses on digitizing and distributing titles from publishers and content creators while streamlining the workflows associated with acquiring, pricing, selling, delivering, and billing for these materials. RedShelf transforms publisher content into eBooks and integrates it with courseware platforms, offering a range of products including eBooks, eTextbooks, digital course packets, and print-on-demand services. The company collaborates with strategic partners, publishers, and campus bookstores to deliver cost-effective and easily accessible learning materials to students. It also provides real-time analytics for professors and institutions to track student usage, along with custom branded marketplaces for bookstores. RedShelf's platform is designed to work seamlessly across various devices, enhancing the educational experience for students and institutions alike.

Good Eggs

Series C in 2018
Good Eggs, Inc. is an online grocery market based in San Francisco, California, specializing in the delivery of fresh groceries and meal kits to customers' homes throughout the Bay Area. Founded in 2011, the company provides a diverse range of products, including fresh produce, dairy, meats, seafood, snacks, beverages, bakery items, pantry staples, and health and home essentials. Good Eggs emphasizes local sourcing, with over 70% of its offerings coming from regional suppliers, and adheres to strict quality standards for its products. With same-day delivery available seven days a week, Good Eggs aims to simplify meal preparation for families while promoting a sustainable food system. The company has also expanded its marketplace significantly in recent years, adding more than 1,000 new items and broadening its delivery reach. In addition to its commitment to quality food, Good Eggs prioritizes fair labor practices by providing its employees with competitive wages and benefits.

Beyond Meat

Series G in 2017
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

Jetti Resources

Series A in 2017
Jetti Resources is a Canadian company founded in 2014, headquartered in Vancouver, specializing in the development of hydrometallurgical technology for metal extraction from mineral ores. The company focuses on extracting copper from low-grade primary sulfides, particularly chalcopyrite, the most abundant copper mineral ore. Jetti's proprietary catalytic technology effectively addresses the challenges associated with recovering vast amounts of trapped resources, significantly enhancing copper yields while being cost-effective and environmentally responsible. In addition to copper, the technology can also be applied to the extraction of zinc and nickel from sulfide ores, contributing to more efficient mineral processing practices.

Beyond Meat

Series F in 2016
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

Financeit

Venture Round in 2016
Financeit USA Inc. provides an online platform that allows businesses to offer consumer financing to their customers from various Web enabled devices. It also enables user to create and manage loans. The company was founded in 2011 and is based in New York, New York. Financeit USA Inc. operates as a subsidiary of Financeit Canada Inc.

Industrial Magnetics

Acquisition in 2016
IMI is an industry leader in providing both permanent magnets and electromagnets for work holding, lifting, fixturing, conveying and magnetic separation. At IMI, our specialty is custom fabricating! We design, engineer and manufacture magnetic assemblies and magnetic separation devices for our customers' specific requirements, and take pride in the quality and performance of our products. With worldwide distribution through a combination of a direct sales force and manufacturers representatives, we strive to provide personalized service and innovative solutions to meet the exact needs of your application.

Beyond Meat

Series E in 2015
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

Thread

Series A in 2015
Thread LLC, founded in 2010 and located in Pittsburgh, Pennsylvania, specializes in producing fabric from recycled plastic waste, particularly sourced from the developing world. The company converts trash and plastic bottles into raw materials, which are then used to create fabric for bags, garments, and accessories. Thread's approach not only addresses environmental concerns but also enhances the social impact and value of products for apparel and accessories brands that utilize its fabric. Through its Ground to Good storytelling platform, Thread shares the narratives of individuals whose lives have been positively affected by the fabric-making process, highlighting the collection of over 6 million bottles monthly from communities in Haiti and Honduras and supporting nearly 2,700 income opportunities.

Aquion Energy

Series E in 2014
Aquion Energy is fundamentally­­ changing the economics of power generation, transmission and distribution by developing and commercializing cost-effective energy storage solutions that are safe, reliable, and sustainable from nontoxic components as simple as saltwater. Based on the research of Carnegie Mellon University Professor Jay Whitacre, Aquion's proprietary Aqueous Hybrid Ion (AHI™) battery overcomes the pitfalls of conventional energy storage technologies. AHI systems enhance the electrical grid by providing flexible, emissions-free capacity that optimizes existing generation assets and enables broad adoption of renewable energy technologies.

Beyond Meat

Series D in 2014
Beyond Meat, Inc. is a food company that specializes in the production and sale of plant-based meat alternatives, providing consumers with options that mimic the taste and texture of traditional animal-based products. Founded in 2009 and headquartered in El Segundo, California, the company offers a diverse range of products, including burgers, sausages, ground beef, jerky, meatballs, and chicken. Beyond Meat's offerings are designed to address key global challenges such as human health, climate change, resource constraints, and animal welfare. The products are made using simple, non-GMO ingredients and provide comparable or superior protein levels to animal meat, while being free from cholesterol, antibiotics, and hormones. The company distributes its products through various channels, including grocery stores, mass merchandisers, restaurants, and foodservice outlets, both domestically and internationally. Beyond Meat was previously known as Savage River, Inc. before rebranding in September 2018.

STX Entertainment

Venture Round in 2014
STX Entertainment is a global media company headquartered in Burbank, California, focused on producing, marketing, and distributing content across various platforms, including traditional and digital media. The company specializes in films, scripted and unscripted television programming, and digital content, and has developed a subscription-based OTT platform called Eros Now. Co-founded by Robert Simonds and Bill McGlashan, STX Entertainment is recognized for its innovative approach to the entertainment industry, emphasizing talent-driven enterprises rather than traditional content distribution models. The company has established strategic partnerships with major investors and firms, positioning itself to effectively reach global audiences, particularly in the Chinese market.

Loyal3

Series C in 2013
Loyal3 operates a financial platform that aims to democratize the investing process for individual investors and brand enthusiasts. The platform enables users to invest in initial public offerings (IPOs) and stocks with minimal amounts, eliminating fees typically associated with investing. By allowing companies to sell IPO stock directly to individual investors at the same price as institutional investors, Loyal3 facilitates a more accessible and equitable investment landscape. The use of social technologies further enhances the platform, enabling public companies to connect with potential investors through social networking sites and other online channels. Overall, Loyal3 strives to simplify the investment process for those who may not have previously participated in the capital markets.
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