About DFJ Growth
DFJ Growth is a venture capital firm founded in 2005. It is primarily based out of Menlo Park, United States. As of Sep 2026, DFJ Growth is an active investor, having invested in 100 companies, with 7 new investments in the last 12 months. 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 High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series C round of BigHat Overall, DFJ Growth portfolio has seen 23 unicorns, 7 IPOs and 32 acquisitions including key companies like Coinbase, RingCentral and SpaceX. A lot of funds co-invest with DFJ Growth, with names like Bessemer Venture Partners sharing a substantial percentage of its portfolio. DFJ Growth has team of 23 people including 13 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 6 more
Portfolio Acquisitions
Deals in last 12 months
DFJ Growth's List of Top Investments
DFJ Growth has a portfolio of 100 companies, including 23 unicorns. Their most notable investments are in Helix and Sumo Logic.Their portfolio spans across United States, Israel, United Kingdom and 2 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 26 other sectors, across stages such as Series C, Series B and 6 more. Here is the list of top investments by DFJ Growth:
1. OpenAI
Artificial intelligence research and development platform offering advanced language models. It enables businesses and individuals to build and integrate AI capabilities into their applications and services. It is a technology company specializing in the development of artificial intelligence models, including the popular ChatGPT, which enables users to interact with AI-powered conversational interfaces. The company's research focuses on achieving artificial general intelligence, a system that can solve complex human-level problems, while prioritizing safety and benefits. It provides its AI models through an API platform, enabling developers to integrate AI capabilities into their applications.
Key facts about OpenAI
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $180B
- Employee Count: 11,115 as on Sep 30, 2026
- Investors: Glynn Capital, K2 Global and 97 Others
- Latest Funding Round: Series F, Apr 22, 2026, $*****
- Highlight: Editors' Pick
2. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 149 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
3. 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: 6,541 as on Sep 30, 2026
- Investors: Adams Street Partners, GIC and 59 Others
- Latest Funding Round: Post IPO, Oct 14, 2022, $*****
- Highlight: Acquired
4. Stripe
Provider of financial infrastructure solutions for revenue growth and payment processing. It offers tools designed for individual or combined use to grow businesses. These tools enable payment acceptance and optimisation globally, both online and in person. The company facilitates various billing models and provides access to borderless money movement. It also offers resources for startups and platforms to build and scale their operations.
Key facts about Stripe
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $9.81B
- Employee Count: 16,622 as on Sep 30, 2026
- Investors: Glynn Capital, Silver Lake and 135 Others
- Latest Funding Round: Series I, Apr 08, 2024, $*****
- Highlight: Editors' Pick
5. 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)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 20,833 as on Sep 30, 2026
- Investors: TrueBridge, equitywestsecurities.com and 275 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public
DFJ Growth's Year-on-Year Investment Trends
DFJ Growth has invested in 100 companies over the last 20 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 8 investments in this year. Its most recent first time investment was in BigHat and most recent follow-on round was in Impulse Space.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 4 | 8 |
2025 | 8 | 0 | 8 |
2024 | 1 | 0 | 1 |
2023 | 2 | 1 | 3 |
2022 | 6 | 4 | 10 |
2021 | 8 | 9 | 17 |
2020 | 4 | 5 | 9 |
2019 | 5 | 4 | 9 |
2018 | 4 | 5 | 9 |
2017 | 6 | 2 | 8 |
DFJ Growth's Investments by Stage
DFJ Growth is primarily an Late Stage Investor investor majorly investing in Series C (24) rounds where average round size is $2.53B, Series B (20) rounds where average round size is $3.18B and Series D (14) rounds where average round size is $3.42B.Stage of entry | No. of Investments |
|---|---|
Series C | 24 |
Series B | 20 |
Series D | 14 |
Series E | 13 |
Series A | 6 |
Others | 6 |
Note: We have considered here, only first round of investments
DFJ Growth's Investments by Sector
DFJ Growth has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, FinTech and Consumer. Notably, it has invested in 91 Tech companies, 83 Enterprise (B2B) companies, 67 Software companies and at least 37 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 47 |
High Tech | 29 |
Enterprise Infrastructure | 19 |
FinTech | 9 |
Consumer | 8 |
Others | 76 |
Note: We have considered here, only first round of investments
DFJ Growth's Investments by Geography
DFJ Growth has made most investments in United States (79), followed by Israel where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 79 |
Israel | 2 |
United Kingdom | 2 |
Chile | 1 |
Note: We have considered here, only first round of investments
DFJ Growth's recent investments
DFJ Growth has made 8 investments in 2026 so far. BigHat and Impulse Space are the latest among them.Here are the most recent investments by DFJ Growth:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2026 | United States | Series C | 7055 | [+14] | |
Sep 17, 2026 | United States | Series D | 8018 | [+4] | |
Sep 10, 2026 | United States | Series C | 9219 | ||
Aug 10, 2026 | United Kingdom | Series C | 6597 | [+5] | |
Jun 10, 2026 | - | Seed | 1710 | - |
Unicorns in DFJ Growth's Portfolio
DFJ Growth has 23 unicorns in its portfolio - XBOW, Goodfire, Positron and others. The most recent unicorn in their portfolio is XBOW. It became a unicorn in 2026.Here is a list of unicorns in DFJ Growth's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | AI-powered autonomous penetration testing platform | 2024 | Seattle | Series C | bwdgo{f | ||
71 | Interpretability tooling for generative AI models | 2024 | San Francisco | Series B | zk{tknw | ||
59 | Developer of purpose-built hardware to accelerate multimodal AI | 2023 | Reno | Series C | ieg{rbb | ||
61 | Developer of computer vision technology for automated vehicle parking management | 2017 | Santa Monica | Series D | ahtrdyb | ||
70 | Provider of a customer service platform with AI-powered support tools | 2013 | San Francisco | Series D | qsjikbq |
IPOs and Publicly Listed companies in DFJ Growth's Portfolio
7 of DFJ Growth's 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 Planet got listed on the New York Stock Exchange (NYSE).Here are DFJ Growth's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | Oct 28, 2010 | Series E | 9799 | |
Apr 30, 2021 | - | - | 7095 | |
Apr 14, 2021 | Jan 20, 2015 | Series C | 1814 | |
Sep 18, 2020 | Jul 13, 2016 | Series C | 1802 | |
Jan 23, 2015 | Oct 11, 2011 | Series D | 8177 |
Acquired companies in DFJ Growth's Portfolio
32 companies from DFJ Growth's portfolio have been acquired. The most recent acquisition was Foursquare in Sep 2026 by Infillion for $*****.Here are DFJ Growth's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 18, 2026 | Dec 19, 2013 | Series D | 4433 | |
Jun 24, 2026 | Sep 24, 2025 | Series C | 2490 | |
Feb 02, 2026 | - | - | 8005 | |
Dec 23, 2025 | - | - | 9854 | |
Sep 24, 2025 | - | - | 3467 |
Team profile of DFJ Growth
DFJ Growth has a team of 23 members including 13 Partners, 1 Venture Partner and 4 Principals located in United States and Mexico. DFJ Growth's team sits on the board of 3 companies.Here is a list of top team members in DFJ Growth:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | San Francisco | - | ||
Partner | United States | - | ||
Partner | United States | - | ||
Partner | San Francisco | - | - | |
Partner | United States | |||
Partner | San Francisco | - | ||
Partner | - | - | ||
Partner | San Francisco | - | ||
Partner | United States | - | ||
Partner | Mexico | - |
Co-investors of DFJ Growth
Over the past 20 years, 947 investors have co-invested in DFJ Growth's portfolio companies. This includes funds and angels.
- Invested before DFJ Growth: General Catalyst, Sequoia Capital and 437 others have invested in rounds before DFJ Growth. There are 8 companies where General Catalyst has invested before DFJ Growth and 7 companies where Sequoia Capital has invested before DFJ Growth.
- Top Co-investors of DFJ Growth: 217 investors entered a company along with DFJ Growth. These include investors like Bessemer Venture Partners (6 companies).
- Invested after DFJ Growth: A total of 291 investors have invested in DFJ Growth's portfolio after their investments. Top Investors include Tiger Global Management (5 companies), DFJ (5 companies) and Battery Ventures (4 companies).
Recent News related to DFJ Growth
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Saronic Closes $1.75B Series D FundingMarinelink•Mar 31, 2026•Saronic, Kleiner Perkins, Caffeinated, Franklin Templeton Investments and 9 others
•
XBOW Secures $120M in Series C Funding to Scale AI-Powered HackerBusinessFortNight•Mar 18, 2026•XBOW, DFJ Growth, Northzone
•
Goodfire Secures $150M to Advance AI Interpretability PlatformSiliconAngle•Feb 06, 2026•Goodfire, B Capital, Salesforce, Cimulate and 10 others
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Positron AI Nets $230 Million Series BMassinvestor•Feb 05, 2026•1517, Resilience Reserve, Positron, AWM and 15 others
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Cellares Raises $257M to Fund Global Expansion, Eyes 2027 IPOEndpoints•Jan 28, 2026•Cellares, Eclipse, BlackRock, Eclipse and 8 others
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Atavistik Bio Raises $120M in Series B FinancingFinSMEs•Dec 21, 2025•Nextech Invest, Lux Capital, Atavistik, Regeneron Ventures and 7 others
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Paradigm Health Raises $78M Series BMassinvestor•Dec 04, 2025•Paradigm Health, Arch Venture Partners, BrightEdge, Mubadala Capital and 5 others
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Modular raises $250M to simplify AI deployment across hardwareSiliconAngle•Sep 25, 2025•Usitfund, Modular, DFJ Growth, Google Ventures and 2 others
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Positron AI Raises $51.6M in Series A to Advance Inference-Optimized Hardwareintelligence360•Aug 05, 2025•Positron, DFJ Growth, Atreides Management, Valor Equity Partners
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Positron AI Gets $51.6M in Series A to Boost Inference-Optimized HardwareYahoo•Jul 28, 2025•Positron, Valor Equity Partners, Atreides Management, DFJ Growth and 2 others
