About DAG Ventures
DAG Ventures is a venture capital firm founded in 2004. It is primarily based out of Palo Alto, United States. As of May 2022, DAG Ventures has invested in 172 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Enterprise Infrastructure. Most recently it participated in the $***** Series C round of Point Digital Finance Overall, DAG Ventures portfolio has seen 5 unicorns, 17 IPOs and 104 acquisitions including key companies like RingCentral, Wix and Grubhub. A lot of funds co-invest with DAG Ventures, with names like Kleiner Perkins sharing a substantial percentage of its portfolio. DAG Ventures has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 8 more
Portfolio IPOs
DAG Ventures' List of Top Investments
DAG Ventures has a portfolio of 172 companies, including 5 unicorns. Their most notable investments are in SuVolta and YuMe.Their portfolio spans across United States, Israel, United Kingdom and 4 more locations. They have invested in Enterprise Applications, Consumer, Enterprise Infrastructure and 27 other sectors, across stages such as Series C, Series B and 8 more. Here is the list of top investments by DAG Ventures:1. RingCentral
Cloud based platform offering unified communication solutions. It offers products with features including video and audio conferencing, team messaging, screen or file sharing, online meeting management, real-time analytics, and live reports. The company caters to industries such as health care, education, finance, retail, government, nonprofit organizations, etc. It enables user access on a subscription-based pricing model.
Key facts about RingCentral
- Founded Year: 1999
- Location: Belmont (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $44M
- Employee Count: 6,671 as on Aug 31, 2026
- Investors: Adams Street Partners, GIC and 59 Others
- Latest Funding Round: Post IPO, Oct 21, 2022, $*****
- Highlight: Acquired
2. Wix
Provider of tools for website creation, hosting, and business management. It offers features for designing websites using templates or AI. The platform provides domain name registration, web hosting, and website security. It also includes solutions for e-commerce, scheduling, restaurant management, blogging, and portfolio creation. The platform extends to payment solutions, mobile applications, CRM systems, and website analytics. It also provides tools for email marketing and search engine optimization.
Key facts about Wix
- Founded Year: 2006
- Location: Israel
- Stage: Public
- Total Funding till date: $53.5M
- Employee Count: 7,081 as on Aug 31, 2026
- Investors: Gynther Capital, Benchmark and 11 Others
- Latest Funding Round: Post IPO, Sep 16, 2022, $*****
- Highlight: Public
3. Grubhub
Online platform offering food ordering and delivery services. The platform allows users to browse through local restaurant menu lists and order food. Its features include delivery tracking, pre-ordering options, restaurant reviews, coupons, and deals. Its app is available on the Android and iOS platforms.
Key facts about Grubhub
- Founded Year: 2004
- Location: Chicago (United States)
- Annual Revenue: $1B+ as on Dec 31, 2020
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $284M
- Employee Count: 6,662 as on Aug 31, 2026
- Investors: Veyo Partners, Amazon and 18 Others
- Latest Funding Round: Post IPO, Jul 06, 2022, $*****
- Highlight: Acquired
4. Upwork
Provider of freelance marketplace connecting businesses with independent talents. It offers an AI powered suggestions, screening questions, and boosted proposals for visibility, built-in tool with screenshots and activity logs for hourly work transparency . It provides in-app messaging, file sharing, video calls, and mobile apps for iOS and Android.
Key facts about Upwork
- Founded Year: 1999
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $74M
- Employee Count: 179,375 as on Aug 31, 2026
- Investors: Section Partners, T. Rowe Price and 24 Others
- Latest Funding Round: Post IPO, Aug 10, 2021, $*****
- Highlight: Public
5. Next Door
Social networking and e-commerce platform for neighborhoods. It allows users to sign up with an address and connect with people in their local communities and greet newcomers, exchange recommendations, and read the local news. It also works with local government agencies that can send out citywide alerts on things like utility shutdowns, alerts, or emergency preparedness tips. Available on both Android and iOS devices.
Key facts about Next Door
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $470M
- Employee Count: 962 as on Aug 31, 2026
- Investors: Meritech, Allen & Company and 52 Others
- Latest Funding Round: Series F, May 08, 2019, $*****
- Highlight: Public
DAG Ventures' Year-on-Year Investment Trends
DAG Ventures has invested in 172 companies over the last 21 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Pavilion and most recent follow-on round was in Point Digital Finance.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 1 | 1 | 2 |
2020 | 1 | 0 | 1 |
2019 | 3 | 2 | 5 |
2018 | 6 | 2 | 8 |
2017 | 3 | 1 | 4 |
DAG Ventures' Investments by Stage
DAG Ventures is primarily an Late Stage Investor investor majorly investing in Series C (49) rounds where average round size is $1.33B, Series B (43) rounds where average round size is $740M and Series D (19) rounds where average round size is $576M.Stage of entry | No. of Investments |
|---|---|
Series C | 49 |
Series B | 43 |
Series D | 19 |
Series A | 10 |
Series E | 6 |
Others | 5 |
Note: We have considered here, only first round of investments
DAG Ventures' Investments by Sector
DAG Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Enterprise Infrastructure, High Tech and FinTech. Notably, it has invested in 148 Tech companies, 113 Enterprise (B2B) companies, 89 Software companies and at least 57 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 55 |
Consumer | 31 |
Enterprise Infrastructure | 29 |
High Tech | 15 |
FinTech | 12 |
Others | 116 |
Note: We have considered here, only first round of investments
DAG Ventures' Investments by Geography
DAG Ventures has made most investments in United States (124), followed by Israel where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 124 |
Israel | 3 |
United Kingdom | 2 |
India | 1 |
Malaysia | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
DAG Ventures' recent investments
DAG Ventures has not made any investment in 2026 so far.Here are the most recent investments by DAG Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 03, 2022 | United States | Series C | 8110 | [+7] | |
Jan 20, 2022 | United States | Series D | 3878 | [+9] | |
Nov 13, 2021 | Singapore | Seed | 9664 | [+11] | |
Jul 28, 2021 | United States | Series D | 6521 | [+8] | |
Jul 21, 2020 | United States | Series E | 3642 | [+8] |
Unicorns in DAG Ventures' Portfolio
DAG Ventures has 5 unicorns in its portfolio - Algolia, Vectra AI, Rec Room and others. The most recent unicorn in their portfolio is Algolia. It became a unicorn in 2021, 1 years after DAG Ventures first invested in it.Here is a list of unicorns in DAG Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Developer of software for artificial intelligence search and retrieval systems | 2012 | San Francisco | Series D | nowtame | ||
66 | Provider of AI-driven platform for cyberattack detection and response services | 2010 | San Jose | Series F | pjucbnc | ||
71 | Developer of a social application featuring user-generated games and experiences | 2016 | Seattle | Series F | kegkbyh | ||
66 | Cloud based marketing optimization platform for deep linking | 2014 | Palo Alto | Series F | aspwbbu | ||
71 | Programmatic demand side platform | 2007 | New York City | Series D | cmdmiut |
IPOs and Publicly Listed companies in DAG Ventures' Portfolio
17 of DAG Ventures' portfolio companies have become public. Wealthfront got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2025 at marketcap of $2.05B and Next Door got listed on the New York Stock Exchange (NYSE) at marketcap of undefined.Here are DAG Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 12, 2025 | Dec 15, 2009 | Series A | 5407 | |
May 26, 2021 | Jul 24, 2012 | Series A | 2477 | |
Sep 26, 2019 | Jun 08, 2010 | Series D | 1211 | |
Oct 03, 2018 | Jun 01, 2008 | Series C | 3057 | |
Jun 12, 2018 | Sep 15, 2011 | Series G | 6489 |
Acquired companies in DAG Ventures' Portfolio
104 companies from DAG Ventures' portfolio have been acquired. The most recent acquisition was NimbleRx in May 2026 by Swoop for $*****.Here are DAG Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 26, 2026 | Oct 23, 2017 | Series A | 6380 | |
Dec 17, 2025 | - | - | 1527 | |
Dec 02, 2025 | Oct 06, 2010 | Series D | 9467 | |
Oct 15, 2025 | Jan 23, 2012 | Series C | 9763 | |
May 27, 2025 | Jul 07, 2010 | Series C | 8315 |
Team profile of DAG Ventures
DAG Ventures has a team of 2 members including 2 Partners located in United States. DAG Ventures' team does not sit on the board of any company as of now.Co-investors of DAG Ventures
Over the past 21 years, 703 investors have co-invested in DAG Ventures's portfolio companies. This includes funds and angels.
- Invested before DAG Ventures: Benchmark, Kleiner Perkins and 201 others have invested in rounds before DAG Ventures. There are 34 companies where Benchmark has invested before DAG Ventures and 25 companies where Kleiner Perkins has invested before DAG Ventures.
- Top Co-investors of DAG Ventures: 164 investors entered a company along with DAG Ventures. These include investors like Kleiner Perkins (11 companies).
- Invested after DAG Ventures: A total of 336 investors have invested in DAG Ventures's portfolio after their investments. Top Investors include IVP (5 companies), Tiger Global Management (5 companies) and Temasek (5 companies).
Recent News related to DAG Ventures
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Avvo Secures Series C Funding from DAG VenturesPRWeb•Nov 20, 2022•Avvo, DAG Ventures, Benchmark, Ignition Partners
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Home equity financing startup Point raises $115M Series CThe Real Deal•May 03, 2022•Point Digital Finance, WestCap, Thestartuppoint, Andreessen Horowitz and 9 others
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Pavilion Data Raises $45M in FundingFinSMEs•Jan 20, 2022•Pavilion, Kleiner Perkins, Artiman, Korea Investment Holdings and 9 others
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A digital third place for kids at heartMedium•Dec 18, 2020•Rec Room, Madrona, Index Ventures, First Round Capital and 2 others
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‘Rec Room’ Raises $20 Million Series C Investment, Crosses 2 Million Annual VR UsersRoad to VR•Dec 17, 2020•Rec Room, Madrona, DAG Ventures, First Round Capital and 3 others
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Innovium Secures $170M in New Funding to Accelerate Product and Customer Momentum WorldwideBusiness Wire•Jul 21, 2020•Innovium, DFJ Growth, BlackRock, Greylock Partners and 10 others
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Accel Leads $110M Infusion For Business Software Co. AlgoliaLaw360•Oct 15, 2019•Accel, Algolia, Salesforce, Alven and 6 others
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Pavilion Data Raises $25 Million in Series C Funding RoundBusiness Wire•Aug 13, 2019•Pavilion Data, Taiwania Capital, RPS Ventures, Kleiner Perkins and 5 others
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TrustArc Receives $70M Investment to Accelerate Privacy Technology InnovationPR Newswire•Jul 11, 2019•TrustArc, Bregal Sagemount, Baseline Ventures, DAG Ventures and 3 others
