About DCVC
DCVC is a venture capital firm founded in 2011. It is primarily based out of Palo Alto, United States. As of May 2026, DCVC is an active investor, having invested in 373 companies, with 13 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 $***** Series A round of Kanvas Biosciences Overall, DCVC portfolio has seen 29 unicorns, 18 IPOs and 118 acquisitions including key companies like Uber, Facebook and Square. A lot of funds co-invest with DCVC, with names like SV Angel sharing a substantial percentage of its portfolio. DCVC has team of 61 people including 35 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
DCVC's List of Top Investments
DCVC has a portfolio of 373 companies, including 29 unicorns. Their most notable investments are in Verdigris and X-37.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. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 151,576 as on Mar 31, 2026
- Investors: TrueBridge, InvestX and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. 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: $201B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 25,836 as on Mar 31, 2026
- Investors: Meritech, Glynn Capital and 114 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
3. Square
Provider of integrated point of sale and business management solutions. The company delivers hardware and software for payments, retail, restaurants, and appointments. It offers tools for managing teams, payroll, marketing, customer relationships, and cash flow. The business provides solutions for various industries, including food and beverage, retail, beauty, and services.
Key facts about Square
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $24.2B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 6,645 as on Mar 31, 2026
- Investors: Saints Capital, TriplePoint Capital and 59 Others
- Latest Funding Round: Post IPO, Mar 03, 2020, $*****
- Highlight: Public
4. 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: 4,369 as on Mar 31, 2026
- Investors: Glynn Capital, Cross Creek and 83 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
5. 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: $6.8B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $39M
- Employee Count: 16,092 as on Mar 31, 2026
- Investors: Meritech, World Innovation Lab and 16 Others
- Latest Funding Round: Venture Debt, Mar 02, 2004, $*****
- Highlight: Public
DCVC's Year-on-Year Investment Trends
DCVC has invested in 373 companies over the last 15 years, with an average of 16 new investments annually in the last 10 years. In 2025, it made 27 investments, while as of May 2026, it has made 11 investments in this year. Its most recent first time investment was in Quantum Motion and most recent follow-on round was in Kanvas Biosciences.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 5 | 11 |
2025 | 13 | 14 | 27 |
2024 | 11 | 14 | 25 |
2023 | 16 | 12 | 28 |
2022 | 11 | 18 | 29 |
2021 | 24 | 18 | 42 |
2020 | 15 | 18 | 33 |
2019 | 12 | 11 | 23 |
2018 | 15 | 16 | 31 |
2017 | 30 | 13 | 43 |
DCVC's Investments by Stage
DCVC has made 112 investments in Seed stage with an average round size of $15.6M, 110 investments in Series A stage with an average round size of $21.5M and 23 investments in Series B stage with an average round size of $44M.Stage of entry | No. of Investments |
|---|---|
Seed | 112 |
Series A | 110 |
Series B | 23 |
Series C | 7 |
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 355 Tech companies, 333 Enterprise (B2B) companies, 237 Software companies and at least 124 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 143 |
High Tech | 99 |
Life Sciences | 56 |
Enterprise Infrastructure | 53 |
Sustainability Tech | 39 |
Others | 316 |
Note: We have considered here, only first round of investments
DCVC's Investments by Geography
DCVC has made most investments in United States (229), followed by United Kingdom where it has made 9 investments.Country | No. of Investments |
|---|---|
United States | 229 |
United Kingdom | 9 |
Canada | 6 |
Australia | 3 |
New Zealand | 3 |
Others | 13 |
Note: We have considered here, only first round of investments
DCVC's recent investments
DCVC has made 11 investments in 2026 so far. Kanvas Biosciences and Quantum Motion are the latest among them.Here are the most recent investments by DCVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2026 | United States | Series A | 6693 | [+2] | |
May 07, 2026 | United Kingdom | Series C | 1028 | [+7] | |
May 04, 2026 | United States | Series A | 9373 | [+6] | |
Apr 08, 2026 | United States | Series B | 3408 | ||
Mar 24, 2026 | New Zealand | Series E | 9349 | [+7] |
Unicorns in DCVC's Portfolio
DCVC has 29 unicorns in its portfolio - Radiant Nuclear, Chai Discovery, Unconventional AI and others. The most recent unicorn in their portfolio is Radiant Nuclear. It became a unicorn in 2025, 1 years after DCVC first invested in it.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 |
|---|---|---|---|---|---|---|---|
60 | Developer of portable nuclear microreactors designed to replace diesel generators | 2019 | Los Angeles | Series D | deyfhmm | ||
65 | Developer of artificial intelligence models for de novo molecular design | 2023 | San Francisco | Series B | spdvqzf | ||
55 | Developer of computer systems optimizing energy efficiency for artificial intelligence | 2025 | San Diego | Seed | eyuzayb | ||
65 | Revolutionizing pasture management with virtual fencing and animal monitoring technology | 2016 | Auckland | Series E | mknwanv | ||
69 | Developer of robots and a cloud-based automation platform for logistics operations | 2015 | Salem | Series C | bfofngh |
IPOs and Publicly Listed companies in DCVC's Portfolio
18 of DCVC's portfolio companies have become public. Enlitic got listed on the Australian Securities Exchange (ASX), in Dec 2023 at marketcap of $21.9M and D-Wave got listed on the New York Stock Exchange (NYSE).Here are DCVC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 19, 2023 | Oct 28, 2014 | Seed | 1336 | |
Aug 08, 2022 | - | - | 8044 | |
Mar 02, 2022 | Mar 28, 2017 | Series A | 2964 | |
Sep 28, 2021 | Jul 11, 2014 | Seed | 6769 | |
Sep 17, 2021 | Mar 18, 2015 | Series A | 4671 |
Acquired companies in DCVC's Portfolio
118 companies from DCVC's portfolio have been acquired. The most recent acquisition was Recycleye in Apr 2026 by Cpgrp for $*****.Here are DCVC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2026 | Feb 02, 2023 | Series A | 9061 | |
Feb 25, 2026 | Jun 20, 2025 | Series E | 9068 | |
Jan 15, 2026 | Apr 08, 2015 | Seed | 1141 | |
Dec 08, 2025 | Nov 06, 2014 | Series A | 6286 | |
Sep 10, 2025 | Jun 21, 2012 | Series A | 2924 |
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Team profile of DCVC
DCVC has a team of 61 members including 35 Partners, 4 Venture Partners and 6 Principals located in United States, Canada and 1 more location. DCVC's team sits on the board of 6 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 | San Francisco | - | ||
Partner | Oakland | |||
Partner | San Francisco | - | ||
Partner | Half Moon Bay | - | ||
Partner | Hudson | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - |
Co-investors of DCVC
Over the past 15 years, 2172 investors have co-invested in DCVC's portfolio companies. This includes funds and angels.
- Invested before DCVC: Y Combinator, National Science Foundation and 346 others have invested in rounds before DCVC. There are 31 companies where Y Combinator has invested before DCVC and 11 companies where National Science Foundation has invested before DCVC.
- Top Co-investors of DCVC: 748 investors entered a company along with DCVC. These include investors like SV Angel (19 companies).
- Invested after DCVC: A total of 1076 investors have invested in DCVC's portfolio after their investments. Top Investors include Google Ventures (9 companies), Tiger Global Management (7 companies) and Sequoia Capital (6 companies).
Recent News related to DCVC
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Quantum Motion Raises $160 Million Series C to Deliver Quantum Computing's "Transistor Moment"Financial Post•May 07, 2026•Quantum Motion, DCVC, KEMBARA, Robert Bosch Venture Capital and 5 others
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Kanvas Biosciences Secures $48M Series A to Deliver Novel Microbiome Therapeutics to Cancer PatientsThe Joplin Globe•May 06, 2026•Kanvas Biosciences, Gates, DCVC, Lion Capital and 2 others
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Latus Bio to Present New Data at ASGCT 2026 Supporting Investigational Gene Therapy Approaches for Huntington’s Disease and CLN2 DiseaseBusiness Wire•Apr 28, 2026•Latus, Modi Ventures, Hatch BioFund, Gaingels and 4 others
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AgZen Secures $10 Million Series B to Fuel Rapid GrowthAgrigateglobal•Mar 13, 2026•AgZen, Syngenta Group, Syngenta, Astanor and 3 others
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Syngenta Plans US$10 Billion Hong Kong IPO in Q2The Business Times•Feb 27, 2026•Syngenta, AgZen, Syngenta Group, Astanor and 2 others
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Chariot Defense Announces $34M Series A led by AndreessenTMC•Feb 25, 2026•Chariot Defense, Andreessen Horowitz, Overmatch, Marlinspike and 7 others
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Lunar Energy raises $232 million to accelerate development of residential storage, VPP softwarepv magazine USA•Feb 05, 2026•Lunar Energy, B Capital, Activate Capital, Prelude Ventures and 7 others
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Mythic Rises from the Ashes with $125 Million Funding RoundEE times•Jan 15, 2026•Mythic, Lockheed Martin, Honda, DCVC
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Proxima Raises $80 Million Led by DCVC to Power the Next Generation of Proximity-Based MedicinesBusiness Wire•Jan 13, 2026•Braidwell, NVentures, Modi Ventures, Magnetic Ventures and 11 others
