About DBL Partners
DBL Partners is a venture capital firm founded in 2004. It is primarily based out of San Francisco, United States. As of Oct 2025, DBL Partners is an active investor, having invested in 73 companies, with 1 new investment in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and Retail. Most recently it participated in the $***** Series B round of Agtonomy Overall, DBL Partners portfolio has seen 4 unicorns, 8 IPOs and 18 acquisitions including key companies like Tesla, SpaceX and Planet. A lot of funds co-invest with DBL Partners, with names like Thrive Capital sharing a substantial percentage of its portfolio. DBL Partners has team of 6 people.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
DBL Partners' List of Top Investments
DBL Partners has a portfolio of 73 companies, including 4 unicorns. Their most notable investments are in BrainScope and RallyPoint.Their portfolio spans across United States, United Kingdom, Ireland and 1 more locations. They have invested in High Tech, Consumer, Retail and 24 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by DBL Partners:1. Tesla
Electric vehicle and clean energy solutions provider. It manufactures electric vehicles and energy storage systems for consumers. The company designs, develops, manufactures, and sells electric vehicles. It also produces energy generation and storage systems. These products are offered to residential, commercial, and utility-scale customers. The company operates a network of service locations and charging stations.
Key facts about Tesla
- Founded Year: 2003
- Location: Austin (United States)
- Stage: Public
- Total Funding till date: $408M
- Employee Count: 134,785 as on Dec 31, 2025
- Investors: Sprout Capital Partners, SeedFord Partners and 71 Others
- Latest Funding Round: Post IPO, Feb 05, 2024, $*****
- Highlight: Public
2. SpaceX
Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 19,280 as on May 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 256 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public
3. Planet
Provider of daily satellite imagery and geospatial data analytics services. The organization offers high-frequency imagery, mosaics, on-demand tasking, and analytic feeds. It transforms imagery into insights, providing data for monitoring, change detection, and analysis. The company delivers data products and cloud-based tools, offering solutions across various industries.
Key facts about Planet
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $602M
- Employee Count: 1,683 as on May 31, 2026
- Investors: Western Technology Investment, HighGear Ventures and 51 Others
- Latest Funding Round: Post IPO, Sep 12, 2025, $*****
- Highlight: Public
4. Nextracker
Provider of integrated utility-scale solar platform solutions from design to operations. The company delivers execution through logistics coordination and installation. Specialized equipment and training ensures teams are prepared for challenges. It offers support across every stage of project development.
Key facts about Nextracker
- Founded Year: 2013
- Location: Fremont (United States)
- Annual Revenue: $1B+ as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $42.6M
- Employee Count: 1,099 as on May 31, 2026
- Investors: SJF Ventures, ClearSky and 7 Others
- Latest Funding Round: Series C, Jun 17, 2015, $*****
- Highlight: Public
5. The RealReal
Online consignment-based marketplace for luxury fashion. The product catalog includes apparel for men & women of used products. It also offers jewelry and fashion accessories.
Key facts about The RealReal
- Founded Year: 2011
- Location: Tiburon (United States)
- Stage: Public
- Total Funding till date: $288M
- Employee Count: 2,610 as on May 31, 2026
- Investors: HTIF, OGGI Equity and 36 Others
- Latest Funding Round: Post IPO, Mar 04, 2021, $*****
- Highlight: Public
DBL Partners' Year-on-Year Investment Trends
DBL Partners has invested in 73 companies over the last 20 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Agtonomy and most recent follow-on round was in R-Zero.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 3 | 2 | 5 |
2021 | 3 | 3 | 6 |
2020 | 1 | 1 | 2 |
2019 | 2 | 0 | 2 |
2018 | 0 | 1 | 1 |
2017 | 2 | 7 | 9 |
DBL Partners' Investments by Stage
DBL Partners has made 15 investments in Series A stage with an average round size of $11.9M, 13 investments in Series B stage with an average round size of $41.4M, 10 investments in Series C stage with an average round size of $38.6M, 4 investments in Series D stage with an average round size of $41.1M and 3 investments in Seed stage with an average round size of $4.47M.Stage of entry | No. of Investments |
|---|---|
Series A | 15 |
Series B | 13 |
Series C | 10 |
Series D | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
DBL Partners' Investments by Sector
DBL Partners has a diverse portfolio, with companies operating in the Sustainability Tech, Consumer, Environment Tech, High Tech and Enterprise Applications. Notably, it has invested in 48 Tech companies, 44 Enterprise (B2B) companies, 20 Consumer (B2C) companies and at least 20 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Sustainability Tech | 14 |
Consumer | 12 |
Environment Tech | 10 |
High Tech | 10 |
Enterprise Applications | 9 |
Others | 72 |
Note: We have considered here, only first round of investments
DBL Partners' Investments by Geography
DBL Partners has made most investments in United States (41), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 41 |
Germany | 1 |
Ireland | 1 |
Netherlands | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
DBL Partners' recent investments
DBL Partners has not made any investment in 2026 so far.Here are the most recent investments by DBL Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2025 | United States | Series B | 5282 | [+4] | |
Jun 17, 2025 | United States | Series A | 8063 | - | |
Feb 12, 2025 | United States | Series B | 2737 | [+3] | |
Sep 21, 2023 | United States | Seed | 1173 | [+2] | |
May 25, 2022 | United States | Series D | 9179 | [+5] |
Unicorns in DBL Partners' Portfolio
DBL Partners has 4 unicorns in its portfolio - FBN, Andela, Apeel and others. The most recent unicorn in their portfolio is FBN. It became a unicorn in 2021, 7 years after DBL Partners first invested in it.Here is a list of unicorns in DBL Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Network of services for farm management, supplies, and financial solutions | 2014 | San Carlos | Series G | guihcqr | ||
68 | Tech talent training and employment solutions provider | 2014 | New York City | Series E | jibhmlx | ||
63 | Plant-based protection extends produce freshness, reduces waste, and promotes sustainability | 2012 | Goleta | Series E | bzontem | ||
73 | Provider of customizable maps, navigation, search, and location data products | 2010 | San Francisco | Series E | qhcdpkm |
IPOs and Publicly Listed companies in DBL Partners' Portfolio
8 of DBL Partners' portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and Nextracker got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $925M.Here are DBL Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 8305 | |
Feb 09, 2023 | Feb 21, 2014 | Series A | 3210 | |
Apr 30, 2021 | - | - | 8377 | |
Oct 20, 2020 | Dec 14, 2010 | Series B | 7722 | |
Jun 28, 2019 | Apr 30, 2014 | Series C | 5697 |
_1587543918761.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Acquired companies in DBL Partners' Portfolio
18 companies from DBL Partners' portfolio have been acquired. The most recent acquisition was Bentek in May 2025 by Nextracker for $*****.Here are DBL Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2025 | - | - | 3458 | |
Dec 12, 2022 | Oct 15, 2019 | Series B | 5842 | |
Mar 04, 2021 | - | - | 2247 | |
Jan 15, 2021 | Apr 29, 2014 | Series A | 1872 | |
Oct 15, 2020 | Jul 13, 2015 | Series A | 4749 |
Team profile of DBL Partners
DBL Partners has a team of 6 members located in United States. DBL Partners' team does not sit on the board of any company as of now.Co-investors of DBL Partners
Over the past 20 years, 428 investors have co-invested in DBL Partners's portfolio companies. This includes funds and angels.
- Invested before DBL Partners: OSTI, DOE and 129 others have invested in rounds before DBL Partners. There are 4 companies where OSTI has invested before DBL Partners and 3 companies where DOE has invested before DBL Partners.
- Top Co-investors of DBL Partners: 125 investors entered a company along with DBL Partners. These include investors like Thrive Capital (2 companies).
- Invested after DBL Partners: A total of 172 investors have invested in DBL Partners's portfolio after their investments. Top Investors include SoftBank Vision Fund (3 companies), Google (2 companies) and BlackRock (2 companies).
Recent News related to DBL Partners
•
Agtonomy Raises $18M in Series B FundingFinSMEs•Oct 28, 2025•Rethinkfood, Agtonomy, Nuveen, DBL Partners and 3 others
•
•
Microsoft-Backed Startup Raises $160 Million for Forest Carbon RemovalFinancial Post•Feb 12, 2025•Chestnut, Microsoft, CPP Investments, Cloverlay and 3 others
•
USA-based Rain raises USD 9.7 million in seed financingvcbay.news•Sep 23, 2023•Rain Industries, DBL Partners, VoLo Earth Ventures, Kapor Capital and 1 other
•
Rain Announces $9.7M in Seed Financing to Enable Rapid Wildfire Response with Prepositioned Autonomous AircraftBusiness Wire•Sep 22, 2023•Rain Industries, DBL Partners, VoLo Earth Ventures, Kapor Capital and 1 other
•
Rain Raises $9.7M in Seed FinancingFinSMEs•Sep 22, 2023•Rain Industries, DBL Partners, VoLo Earth Ventures, Kapor Capital and 1 other
•
Spatial Announces Series B Fundraise & New Strategic Investors to Set the Stage for Stadiums and Large-Scale ProjectsPR Newswire•Sep 08, 2023•Spatial, DBL Partners, BITKRAFT Ventures, The Kraft Group and 2 others
•
Airspace Picks Up $70 Million to Revolutionize Time-Critical LogisticsReadITQuik•May 27, 2022•Airspace, DBL Partners
•
Early Tesla investor DBL Partners leads $70 million investment in logistics firm AirspaceCNBC•May 25, 2022•Airspace, Prologis, Qualcomm Ventures, DEFY VENTURES and 4 others
•
