Active

Dutchess Capital

Investor type

PE / VC

Founded

1996

AUM

$1 000 M

Location

Boston, Massachusetts, United States

Investment Ticket

$5-10 m

Investment Stage

Late Stage (Series C+)

Region of investment

North America Europe Australia and others
Investor profile last updated: 12 February, 2026

Profile

Dutchess Capital is the manager for several global investment funds that provide capital to start-up, pre-IPO, publicly-traded companies and companies in the legalized cannabis industry. Since 1996, Dutchess has made over 400 investments globally, with a total transaction value exceeding $2 billion. The size and scope of our investments have ranged from initial seed capital for start-ups to $25 million dollars for more established emerging growth companies. With offices located in Boston, New York, London, Beijing and São Paulo, our senior management teams have extensive business and global capital markets experience. Through our investments, we aim to build strategic partnerships that foster growth, drive profitability and create shareholder value.

Industry

Business Services (B2B) Financial Services Cannabis Fintech

Contacts

Name
Title
Email
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Michael Novielli Co-Founder & Managing Partner
Co-Founder & Managing Partner
-
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Douglas Leighton Principal Partner
Principal Partner
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Investment-team contacts for Dutchess Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Dutchess Capital

Dutchess Capital is a venture capital and private equity firm. It backs companies at Late Stage (Series C+), writing tickets of $5-10 m.
Dutchess Capital is located in Boston, Massachusetts, United States.
Dutchess Capital was founded in 1996.
Dutchess Capital invests in companies and startups in Business Services (B2B), Financial Services, Cannabis, Fintech.
Dutchess Capital invests in companies and startups in North America, Europe, Australia and others.
Dutchess Capital invests in companies and startups at Late Stage (Series C+).
Dutchess Capital usually invests $5-10 m on average.
Dutchess Capital has around $1 000m assets under management.
Dutchess Capital can be reached through its website dutchesscapital.com, its LinkedIn page and its X account. Its general enquiries address is mnovielli@dutchesscapital.com. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Dutchess Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Dutchess Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 12 February, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.