At a Glance
Dell Technologies Capital is a venture capital firm based in Round Rock, TX founded in 2012. Leading early-stage investments in the companies who are building the future of enterprise technologies for more than a decade. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Other, Consumer, Fintech, Climate. The firm manages $1B in assets under management. Notable portfolio companies include Nutanix, DocuSign, MongoDB, Zscaler and Secureworks. Invests in early to growth-stage companies developing technologies that drive digital transformation and complement Dell's strategic priorities.
“Invests in early to growth-stage companies developing technologies that drive digital transformation and complement Dell's strategic priorities.”
Scott Darling is president of Dell Technologies Capital and has led the group across its decade of activity. He sits on portfolio boards including Zscaler's and has appeared on Global Corporate Venturing's Powerlist in 2023, 2024 and 2025.
Tyler Jewell is a managing director and leads new investments in DevOps, cloud infrastructure and analytics, after operating roles at BEA Systems, Oracle, Quest Software and Red Hat. Chris Hillock joined as vice president of business development and owns the go-to-market side of the model, connecting portfolio companies to Dell Technologies business units; he spent 19 years in enterprise sales at Dell Technologies, EMC and Xerox. That pairing, an investment lead plus a dedicated business development lead, is the structural feature that separates a strategic arm from a financial one.
Dell Technologies Capital invests from Dell Technologies' balance sheet rather than from limited partner commitments, so there are no Form D fund filings and no vintage years to track; its capacity is set annually by the parent rather than by a close.
The group deploys up to $200 million a year into early-stage companies across cybersecurity, infrastructure, data and analytics, edge and logistics, and silicon. It operated quietly as Dell Ventures before being rebranded and brought out of stealth, marking its first and second years out of stealth in 2018 and 2019. In the period following February 2018 it completed 20 new investments, 39 follow-on investments and 11 exits, with four portfolio companies crossing $1 billion valuations. Because the capital is strategic rather than fiduciary, positions are held without fund-life pressure and are routinely paired with commercial introductions into Dell's business units, which is the return the parent underwrites alongside the equity.
Dell Technologies Capital primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Dell Technologies Capital is headquartered in Round Rock, TX. Many of their portfolio companies are also based in this region, though they invest across geographies.
Dell Technologies Capital focuses on investments in Enterprise, Cybersecurity, DevTools. Their portfolio reflects deep expertise and networks within these sectors.
Dell Technologies Capital's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
Dell Technologies Capital manages approximately $1B in assets under management (AUM) across their funds.
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