D1 Capital Partners is a global investment firm that operates across public and private markets. The firm combines the talent and operational excellence of a large asset management firm with the flexible mandate of a family office.
Portfolio
4
companies
Cazoo
Cazoo is an online used car marketplace that redefines how consumers buy, finance and lease vehicles.
Kraken
Kraken provides an operating system for utilities and energy providers.
Multiverse
Multiverse provides workforce training and AI adoption infrastructure for corporate clients.
Wayve
Wayve builds end-to-end artificial intelligence software for autonomous vehicles.
Dan Sundheim
Founder
Dan founded D1 Capital Partners, where he serves as chief investment officer. He previously spent over a decade at Viking Global Investors, rising to chief investment officer.
LinkedInJeff Lerman
Daniel Sundheim
Founder
The strategic funding round values the workforce transformation company at $2.1bn.
"There are companies who desperately need the benefits AI can bring. There are AI companies. What has been missing is the layer that bridges the two. This investment marks the moment Multiverse defines that category, and takes it across Europe. Getting outcomes from AI and unlocking productivity is not just a technology problem. It is a people problem. We exist to solve it,"
The financing values the former Octopus Energy subsidiary at $8.7bn and marks its official separation as a standalone technology provider.
"Kraken is in a class of its own, in terms of technology, capability, and scale. As an independent company with world-class backers and outstanding leadership, it will be free to grow even faster and is set to be a true UK-founded success story."
The financing round was co-led by StepStone Group, Lightspeed Venture Partners, and General Catalyst to scale apprenticeship programmes.
"Mandating degrees, and making admissions officers the gatekeepers for great careers, means leaving out thousands of talented individuals,"
The financing provides multi-year capital to support international expansion and reinforce liquidity.
"This transaction, where we have raised an additional $630 million, further reinforces the strong belief in Cazoo from new and existing shareholders who, like us, are extremely excited about the huge market opportunity that we have ahead of us. We are now very well-funded for the coming years to continue to capitalise on this opportunity and deliver the best car buying and selling experience for consumers across the UK and Europe."
The Series B round was led by Eclipse Ventures with participation from a broad group of global financial and strategic backers.
"We were the first team to develop the scientific breakthroughs in deep learning to build autonomous driving technology that can easily scale to new markets using a data-learned approach. Today, we have all of the pieces in place to take what we have pioneered and drive AV2.0 forward. We have brought together world-class strategic partners in transportation, grocery delivery and compute, along with the best capital resources to scale our core autonomy platform, trial products with our commercial fleet partners, and build the infrastructure to scale AV2.0 globally."
