About DCVC
DCVC is a venture capital firm founded in 2011. It is primarily based out of Palo Alto, United States. As of Oct 2026, DCVC is an active investor, having invested in 390 companies, with 21 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of BioStack Overall, DCVC portfolio has seen 35 unicorns, 18 IPOs and 121 acquisitions including key companies like Facebook, Fortinet and Airtable. A lot of funds co-invest with DCVC, with names like SV Angel sharing a substantial percentage of its portfolio. DCVC has team of 41 people including 23 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Soonicorns
DCVC's List of Top Investments
DCVC has a portfolio of 390 companies, including 35 unicorns. Their most notable investments are in Tradeshift and Verdigris.Their portfolio spans across United States, United Kingdom, Canada and 18 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 35 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by DCVC:
1. Facebook
Operator of a social networking service facilitating connection and communication. Its services allows users to connect with friends, family, and other individuals. It provides tools for sharing updates, photos, and videos. The platform also offers features for creating and joining groups, following interests, and discovering content.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $1.77B
- Employee Count: 23,339 as on Sep 30, 2026
- Investors: Sprout Capital Partners, Meritech and 122 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
2. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $718M
- Employee Count: 8,159 as on Sep 30, 2026
- Investors: Western Technology Investment, Glynn Capital and 85 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
3. Fortinet
Provider of cybersecurity solutions, services, and threat intelligence for enterprises. It offers a platform delivering network and cloud security, unified SASE, and security operations. The company provides services such as incident response, managed detection, and security awareness training. It also delivers operational technology security, including secure networking and ruggedized products.
Key facts about Fortinet
- Founded Year: 2000
- Location: Sunnyvale (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Acquired
- Total Funding till date: $39M
- Employee Count: 16,667 as on Sep 30, 2026
- Investors: Meritech, Redpoint Ventures and 16 Others
- Latest Funding Round: Venture Debt, Mar 02, 2004, $*****
- Highlight: Acquired
4. Airtable
Cloud and AI based low code workflow and app development platform. It offers a spreadsheet database hybrid model that allows users to develop applications using no code AI components. It enables users to collaborate and share data, monitor comments and changes on the database sheet. It offers tools to customize templates, generate product specifications, categorize user feedback, automate workflows, visualize reports, and more. It is a tool available on the subscription based pricing model.
Key facts about Airtable
- Founded Year: 2013
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.35B
- Employee Count: 4,475 as on Sep 30, 2026
- Investors: Silver Lake, TrueBridge and 61 Others
- Latest Funding Round: Series F, Dec 13, 2021, $*****
- Highlight: Acquired
5. Uber
Provider of multisided technology platforms that match consumers with independent providers of ride, delivery, and freight services. The company develops and maintains platforms that connect consumers looking for transportation, food delivery, and grocery services with independent providers. Additionally, the technology connects shippers and carriers within the freight industry to facilitate the movement of goods.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 34,000 as on Dec 31, 2025
- Investors: TrueBridge, InvestX and 192 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
DCVC's Year-on-Year Investment Trends
DCVC has invested in 390 companies over the last 15 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 27 investments, while as of Oct 2026, it has made 27 investments in this year. Its most recent first time investment was in BioStack and most recent follow-on round was in TypeSafe.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 19 | 8 | 27 |
2025 | 13 | 14 | 27 |
2024 | 12 | 14 | 26 |
2023 | 16 | 12 | 28 |
2022 | 11 | 18 | 29 |
2021 | 24 | 18 | 42 |
2020 | 15 | 18 | 33 |
2019 | 13 | 11 | 24 |
2018 | 15 | 16 | 31 |
2017 | 30 | 13 | 43 |
DCVC's Investments by Stage
DCVC has made 117 investments in Seed stage with an average round size of $16.4M, 116 investments in Series A stage with an average round size of $23.2M and 25 investments in Series B stage with an average round size of $54.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 117 |
Series A | 116 |
Series B | 25 |
Series C | 9 |
Series D | 6 |
Others | 3 |
Note: We have considered here, only first round of investments
DCVC's Investments by Sector
DCVC has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Enterprise Infrastructure and Sustainability Tech. Notably, it has invested in 371 Tech companies, 348 Enterprise (B2B) companies, 242 Software companies and at least 130 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 145 |
High Tech | 103 |
Life Sciences | 59 |
Enterprise Infrastructure | 55 |
Sustainability Tech | 44 |
Others | 335 |
Note: We have considered here, only first round of investments
DCVC's Investments by Geography
DCVC has made most investments in United States (242), followed by United Kingdom where it has made 12 investments.Country | No. of Investments |
|---|---|
United States | 242 |
United Kingdom | 12 |
Canada | 6 |
Australia | 3 |
Israel | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
DCVC's recent investments
DCVC has made 27 investments in 2026 so far. BioStack and BioStack are the latest among them.Here are the most recent investments by DCVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 23, 2026 | United States | Seed | 3966 | [+5] | |
Oct 22, 2026 | United States | Seed | 5627 | [+5] | |
Oct 09, 2026 | United States | Series A | 3043 | [+1] | |
Oct 08, 2026 | United Kingdom | Series A | 2976 | [+9] | |
Sep 22, 2026 | United States | Seed | 3968 | [+6] |
Unicorns in DCVC's Portfolio
DCVC has 35 unicorns in its portfolio - TypeSafe, Emerald, Odyssey and others. The most recent unicorn in their portfolio is TypeSafe. It became a unicorn in 2026.Here is a list of unicorns in DCVC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
46 | AI redefining automation with next-generation LLMs for AI-to-computer interactions | 2024 | San Francisco | Series A | xfqjj{b | ||
64 | Developer of a platform optimizing power grids and artificial intelligence infrastructure | 2024 | Washington, DC | Series A | eehvgdy | ||
58 | Developer of foundation world models for physical and virtual systems | 2023 | Palo Alto | Series B | tt{sqpl | ||
65 | Developer of advanced military aviation platforms | 2020 | Huntington Beach | Series C | hpilcqy | ||
65 | Manufacturer of multiple renewable energy, electric vehicles, and consumer electronics products | 2013 | - | San Francisco | Series D | c{hycct |
IPOs and Publicly Listed companies in DCVC's Portfolio
18 of DCVC's portfolio companies have become public. Fervo Energy got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2026 at marketcap of $7.45B and Enlitic got listed on the Australian Securities Exchange (ASX) at marketcap of $21.9M.Here are DCVC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 13, 2026 | Aug 22, 2022 | Series C | 4650 | |
Dec 19, 2023 | Oct 28, 2014 | Seed | 7911 | |
Aug 08, 2022 | - | - | 6120 | |
Mar 02, 2022 | Mar 28, 2017 | Series A | 5146 | |
Sep 28, 2021 | Jul 11, 2014 | Seed | 7534 |
Acquired companies in DCVC's Portfolio
121 companies from DCVC's portfolio have been acquired. The most recent acquisition was Fortinet in Aug 2026 by Virtue AI for $*****.Here are DCVC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 17, 2026 | - | - | 3935 | |
Aug 04, 2026 | Feb 25, 2015 | Seed | 8766 | |
Jul 30, 2026 | Sep 18, 2014 | Seed | 2220 | |
Jul 08, 2026 | Sep 27, 2014 | Seed | 9736 | |
Apr 14, 2026 | Feb 02, 2023 | Series A | 2578 |
Team profile of DCVC
DCVC has a team of 41 members including 23 Partners, 4 Venture Partners and 3 Principals located in United States and Italy. DCVC's team sits on the board of 3 companies.Here is a list of top team members in DCVC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Palo Alto | |||
Partner | San Francisco | - | ||
Partner | Oakland | |||
Partner | Hudson | |||
Partner | San Francisco | - | ||
Partner | - | - | ||
Partner | Boston | - | ||
Partner | San Francisco | - | ||
Partner | - | - | ||
Partner | Tampa | - |
Co-investors of DCVC
Over the past 15 years, 2322 investors have co-invested in DCVC's portfolio companies. This includes funds and angels.
- Invested before DCVC: Y Combinator, National Science Foundation and 409 others have invested in rounds before DCVC. There are 33 companies where Y Combinator has invested before DCVC and 12 companies where National Science Foundation has invested before DCVC.
- Top Co-investors of DCVC: 804 investors entered a company along with DCVC. These include investors like SV Angel (21 companies).
- Invested after DCVC: A total of 1107 investors have invested in DCVC's portfolio after their investments. Top Investors include Google Ventures (9 companies), Sequoia Capital (8 companies) and Tiger Global Management (7 companies).
Recent News related to DCVC
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TypeSafe AI Secures $7.5B Valuation After Launching Jev ModelTime News•Oct 10, 2026•DCVC, Andreessen Horowitz, Sequoia Capital, TypeSafe
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UK Quantum Startup Universal Quantum Raises $100 Million Series A, Expands to SingaporeTech in Asia•Oct 09, 2026•Firgun Ventures, DCVC, Universal Quantum, Oratomic and 6 others
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Universal Quantum raises US$100 million Series A from EDBI, Roblox CEO and othersThe Straits Times•Oct 08, 2026•Firgun Ventures, DCVC, Universal Quantum
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Universal Quantum Secures UK's Largest Quantum Series A Funding of €89 MillionEU-Startups•Oct 08, 2026•Firgun Ventures, DCVC, Universal Quantum
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Soteris Raises $8M Seed RoundMassinvestor•Sep 23, 2026•Intact Private, Soteris, DCVC, Amplify Partners and 1 other
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Rainmaker Technology Corporation Raises $100 Million Series B FundingMassinvestor•Sep 21, 2026•Rainmaker, Noa, Upfront Ventures, Dream Ventures and 2 others
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TypeSafe AI Emerges from Stealth with $40M Seed Funding for Jev Decision ModelInside•Sep 17, 2026•TypeSafe, DCVC
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Emerald AI Secures $150 Million Series A Funding to Expand AI Data Center Power ManagementThe SaaS News•Aug 26, 2026•Emerald, Energize Capital, DCVC
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AI startup Callosum raises $100M to optimize AI workloadsSiliconAngle•Aug 21, 2026•Callosum, Atomico, Plural, DCVC and 5 others
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Sabanto Secures Oversubscribed Series B Funding Led by Leaps by BayerMassinvestor•Jul 15, 2026•Leaps by Bayer, Sabanto, DCVC, InnoVenture Iowa and 3 others
