About CapitalG
CapitalG is a venture capital firm founded in 2013. It is primarily based out of San Francisco, United States. As of Aug 2026, CapitalG is an active investor, having invested in 105 companies, with 18 new investments in the last 12 months. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series G round of Whatnot Overall, CapitalG portfolio has seen 39 unicorns, 16 IPOs and 23 acquisitions including key companies like Lyft, Robinhood and Duolingo. A lot of funds co-invest with CapitalG, with names like Kleiner Perkins sharing a substantial percentage of its portfolio. CapitalG has team of 58 people including 15 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D & 10 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
CapitalG's List of Top Investments
CapitalG has a portfolio of 105 companies, including 39 unicorns. Their most notable investments are in Celero and Freshworks.Their portfolio spans across United States, India, China and 9 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Series C, Series D and 10 more. Here is the list of top investments by CapitalG:1. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: HTIF, SeedFord Partners and 161 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
2. Robinhood
Broker-based online trading and investment platform. It offers tools for building investment strategies and tracking market trends. It facilitates trading in stocks, funds, options, and crypto assets. Expert-managed portfolios are available, providing market insights and investment adjustments. The company also provides educational resources to improve investor knowledge.
Key facts about Robinhood
- Founded Year: 2013
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $5.73B
- Employee Count: 4,954 as on Jun 30, 2026
- Investors: HTIF, ADS Ventures and 151 Others
- Latest Funding Round: Post IPO, May 13, 2022, $*****
- Highlight: Public
3. Duolingo
Developer of mobile applications for learning various foreign language skills. The platform utilizes interactive exercises and gamified lessons to teach vocabulary, grammar, and pronunciation. Users progress through structured levels while receiving immediate feedback on their performance. The software adapts curriculum content based on individual user progress and accuracy.
Key facts about Duolingo
- Founded Year: 2011
- Location: Pittsburgh (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $183M
- Employee Count: 900 as on Dec 31, 2025
- Investors: HTIF, ADS Ventures and 19 Others
- Latest Funding Round: Series H, Nov 06, 2020, $*****
- Highlight: Public
4. Coupa
Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend. It features solutions for spending management, procurement invoice automation, sourcing, travel and expense management, inventory optimization, contract management, spend analysis, data visualization, payment automation, compliance, and supplier management. It caters to multiple sectors like healthcare, hospitality, life sciences, and manufacturing.
Key facts about Coupa
- Founded Year: 2006
- Location: San Mateo (United States)
- Annual Revenue: $500M - $1B as on Jan 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $169M
- Employee Count: 3,711 as on May 31, 2026
- Investors: Meritech, T. Rowe Price and 18 Others
- Latest Funding Round: Post IPO, Jun 11, 2020, $*****
- Highlight: Acquired
5. CloudFlare
Provider of cloud services for security, performance, and application development. The company delivers networking, security, and performance services through its connectivity cloud platform. It offers solutions for application security, application performance, and network services. The company's platform supports businesses in modernizing networks, securing workspaces, and optimizing web experiences.
Key facts about CloudFlare
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $332M
- Employee Count: 7,284 as on May 31, 2026
- Investors: HTIF, Fidelity Investments and 17 Others
- Latest Funding Round: Post IPO, Aug 2021, $*****
- Highlight: Public
CapitalG's Year-on-Year Investment Trends
CapitalG has invested in 106 companies over the last 12 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 23 investments, while as of Aug 2026, it has made 14 investments in this year. Its most recent first time investment was in Hadrian and most recent follow-on round was in Whatnot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 7 | 14 |
2025 | 18 | 5 | 23 |
2024 | 7 | 6 | 13 |
2023 | 2 | 4 | 6 |
2022 | 3 | 6 | 9 |
2021 | 13 | 10 | 23 |
2020 | 5 | 7 | 12 |
2019 | 3 | 6 | 9 |
2018 | 6 | 10 | 16 |
2017 | 4 | 2 | 6 |
CapitalG's Investments by Stage
CapitalG is primarily an Late Stage Investor investor majorly investing in Series C (25) rounds where average round size is $4.29B, Series D (24) rounds where average round size is $20.5B and Series B (19) rounds where average round size is $4.63B.Stage of entry | No. of Investments |
|---|---|
Series C | 25 |
Series D | 24 |
Series B | 19 |
Series E | 8 |
Series A | 5 |
Others | 12 |
Note: We have considered here, only first round of investments
CapitalG's Investments by Sector
CapitalG has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, High Tech and Consumer. Notably, it has invested in 97 Tech companies, 83 Enterprise (B2B) companies, 67 Software companies and at least 49 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 55 |
Enterprise Infrastructure | 22 |
FinTech | 20 |
High Tech | 20 |
Consumer | 16 |
Others | 86 |
Note: We have considered here, only first round of investments
CapitalG's Investments by Geography
CapitalG has made most investments in United States (77), followed by India where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 77 |
India | 6 |
China | 2 |
Netherlands | 2 |
United Kingdom | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
CapitalG's recent investments
CapitalG has made 14 investments in 2026 so far. Whatnot and Hadrian are the latest among them.Here are the most recent investments by CapitalG:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 07, 2026 | United States | Series G | 3787 | [+6] | |
Aug 06, 2026 | United States | Series D | 7100 | ||
Aug 03, 2026 | United States | Series D | 9615 | [+13] | |
Jun 09, 2026 | United States | Series C | 5682 | [+8] | |
Jun 03, 2026 | United States | Series F | 3492 | [+6] |
Unicorns in CapitalG's Portfolio
CapitalG has 39 unicorns in its portfolio - OpenRouter, Bedrock Robotics, Hadrian and others. The most recent unicorn in their portfolio is OpenRouter. It became a unicorn in 2026.Here is a list of unicorns in CapitalG's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Platform offering access to LLM models | 2023 | New York City | Series B | akmybbx | ||
65 | Developer of autonomous technology for transforming construction and industrial equipment | 2024 | San Francisco | Series B | lrzdzwp | ||
60 | Builder of AI‑driven autonomous factories that manufacture precision components | 2021 | Los Angeles | Series D | jzgshu{ | ||
66 | Provider of aerospace hardware products designed services | 2004 | Los Angeles | Series D | t{qtunq | ||
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | wbaijzu |
IPOs and Publicly Listed companies in CapitalG's Portfolio
16 of CapitalG's portfolio companies have become public. AYEFin got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Feb 2026 at marketcap of $350M and Freshworks got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.03B.Here are CapitalG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 16, 2026 | Jun 11, 2018 | Series C | 3050 | |
Sep 22, 2021 | Jun 12, 2014 | Series D | 5663 | |
Jul 29, 2021 | Feb 06, 2018 | Series D | 9955 | |
Jul 28, 2021 | Jun 10, 2015 | Series D | 9453 | |
Jun 23, 2021 | - | - | 8469 |
Acquired companies in CapitalG's Portfolio
23 companies from CapitalG's portfolio have been acquired. The most recent acquisition was Empower Semiconductor in May 2026 by Analog Devices for $*****.Here are CapitalG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 20, 2026 | Sep 22, 2025 | Series D | 8594 | |
Mar 02, 2026 | Jun 29, 2016 | Post IPO | 6256 | |
Dec 23, 2025 | Feb 09, 2021 | Series C | 1195 | |
Jul 28, 2025 | Sep 21, 2018 | Series C | 7410 | |
Mar 20, 2025 | Oct 07, 2019 | Series C | 9678 |
Team profile of CapitalG
CapitalG has a team of 58 members including 15 Partners and 5 Principals located in United States. CapitalG's team sits on the board of 3 companies.Here is a list of top team members in CapitalG:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | ||
Partner | San Francisco | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of CapitalG
Over the past 12 years, 1040 investors have co-invested in CapitalG's portfolio companies. This includes funds and angels.
- Invested before CapitalG: Sequoia Capital, Andreessen Horowitz and 584 others have invested in rounds before CapitalG. There are 15 companies where Sequoia Capital has invested before CapitalG and 12 companies where Andreessen Horowitz has invested before CapitalG.
- Top Co-investors of CapitalG: 196 investors entered a company along with CapitalG. These include investors like Kleiner Perkins (4 companies).
- Invested after CapitalG: A total of 258 investors have invested in CapitalG's portfolio after their investments. Top Investors include Fidelity Investments (6 companies), Baillie Gifford (6 companies) and Durable Capital Partners (5 companies).
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