About DG Ventures
DG Ventures is a venture capital firm founded in 1995. It is primarily based out of San Francisco, United States. As of Nov 2023, DG Ventures has invested in 203 companies. It primarily invests in Series A round in Japan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of NU Credits Overall, DG Ventures portfolio has seen 10 unicorns, 18 IPOs and 41 acquisitions including key companies like Facebook, LinkedIn and Lime. A lot of funds co-invest with DG Ventures, with names like Beenext sharing a substantial percentage of its portfolio. DG Ventures has team of 7 people including 3 partners.Key Metrics
DG Ventures' List of Top Investments
DG Ventures has a portfolio of 203 companies, including 10 unicorns. Their most notable investments are in AGE technologies and iPaymy.Their portfolio spans across United States, Japan, India and 16 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 32 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by DG Ventures:
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: $2.27B
- Employee Count: 26,594 as on May 31, 2026
- Investors: Meritech, Sprout Capital Partners and 119 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
2. LinkedIn
Network of resources for professional networking, job searching, and skill development. It provides a platform for individuals to connect with other professionals in their industry. The network facilitates opportunities to find employment and internships across various sectors. Additionally, it offers learning resources for developing business, technical, and creative skills.
Key facts about LinkedIn
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $144M
- Employee Count: 23,681 as on May 31, 2026
- Investors: Sprout Capital Partners, TCV and 44 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Highlight: Acquired
3. Gojek
App based platform offering on demand delivery and ride-hailing services. It enables users to book on-demand services like two-wheeler and four-wheeler hailing, on-demand delivery services like food, groceries, medicines, parcels, packages, goods, and shopping. It offers online payments via a digital wallet, and business management solutions with features such as order management, sales report analysis, and more. The app is available for both android and iOS devices.
Key facts about Gojek
4. Lime
App-based rental platform providing self-drive electric kick-scooter. The platform enables users to find the nearest available scooter and start the ride by scanning their QR code or access code. Users should provide rider details, payment details, location, and more for book the scooter. It offers features like variant payment options, and more. At the end of the ride, users can park the vehicle at their legal locations. Their mobile app is available for Android and iOS devices
Key facts about Lime
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.71B
- Employee Count: 2,726 as on Jun 30, 2026
- Investors: Meritech, Star Tech NG and 98 Others
- Latest Funding Round: Series D, Jul 04, 2022, $*****
- Highlight: Public
5. Udemy
Provider of a marketplace offering online courses. It offers courses in various disciplines such as business, IT and software, photography, marketing, music, finance, and more. The courses can be taken at any pace and the course content can be created by instructors according to their choice. It also offers corporate online learning platform, that provides training solutions to corporates. Its mobile app is available for android and iOS devices.
Key facts about Udemy
- Founded Year: 2010
- Location: San Francisco (United States)
- Annual Revenue: £0 - £1M as on Oct 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $274M
- Employee Count: 9,289 as on Jun 30, 2026
- Investors: Harmony Venture Partners, Carriage House Rock and 68 Others
- Latest Funding Round: Series E, Nov 18, 2020, $*****
- Highlight: Acquired
DG Ventures' Year-on-Year Investment Trends
DG Ventures has invested in 203 companies over the last 20 years, with an average of 5 new investments annually in the last 10 years. Its most recent first time investment was in NU Credits and most recent follow-on round was in AGE technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 4 | 1 | 5 |
2022 | 7 | 2 | 9 |
2021 | 9 | 2 | 11 |
2020 | 4 | 1 | 5 |
2019 | 8 | 3 | 11 |
2018 | 9 | 1 | 10 |
2017 | 5 | 2 | 7 |
DG Ventures' Investments by Stage
DG Ventures has made 26 investments in Seed stage with an average round size of $1.59M, 26 investments in Series A stage with an average round size of $7.82M and 11 investments in Series B stage with an average round size of $20.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 26 |
Series A | 26 |
Series B | 11 |
Series C | 8 |
PE | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
DG Ventures' Investments by Sector
DG Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and High Tech. Notably, it has invested in 158 Tech companies, 108 Enterprise (B2B) companies, 94 Consumer (B2C) companies and at least 88 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
Consumer | 18 |
Retail | 12 |
FinTech | 9 |
High Tech | 9 |
Others | 63 |
Note: We have considered here, only first round of investments
DG Ventures' Investments by Geography
DG Ventures has made most investments in Japan (39), followed by United States where it has made 19 investments.Country | No. of Investments |
|---|---|
Japan | 39 |
United States | 19 |
India | 7 |
Singapore | 3 |
China | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
DG Ventures' recent investments
DG Ventures has not made any investment in 2026 so far.Here are the most recent investments by DG Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 02, 2023 | United Kingdom | Seed | 2457 | [+1] | |
Jun 21, 2023 | Japan | Series B | 4068 | [+6] | |
Apr 19, 2023 | Japan | Seed | 2041 | [+1] | |
Apr 12, 2023 | Japan | Series B | 1454 | [+3] | |
Mar 08, 2023 | Japan | Series A | 8929 |
Unicorns in DG Ventures' Portfolio
DG Ventures has 10 unicorns in its portfolio - Helium, NoBroker, GrubMarket and others. The most recent unicorn in their portfolio is Helium. It became a unicorn in 2022, 4 years before DG Ventures first invested in it.Here is a list of unicorns in DG Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Hardware mining solutions for cryptocurrency | 2006 | San Francisco | Series D | ipcsbdv | ||
75 | Provider of online platforms for residential and commercial property transactions | 2014 | Bengaluru | Series E | quzloqs | ||
71 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | gqquyna | ||
66 | Provider of DevOps platform for Salesforce releases, testing, and compliance | 2013 | Chicago | Series C | intiwbn | ||
77 | Developer of blockchain-based platform building crypto-financial infrastructure | 2014 | Montreal | Series C | {gmilms |
IPOs and Publicly Listed companies in DG Ventures' Portfolio
18 of DG Ventures' portfolio companies have become public. I-Grid got listed on the Tokyo Stock Exchange (TYO), in Jul 2026 at marketcap of $151M and Lime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.6B.Here are DG Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 29, 2026 | - | - | 4758 | |
Jul 01, 2026 | - | - | 8095 | |
Mar 28, 2023 | Nov 01, 2015 | Series A | 3201 | |
Dec 29, 2022 | - | - | 1110 | |
Mar 26, 2021 | - | - | 9055 |
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Acquired companies in DG Ventures' Portfolio
41 companies from DG Ventures' portfolio have been acquired. The most recent acquisition was SpotHero in Feb 2026 by Uber for $*****.Here are DG Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 23, 2026 | - | - | 2038 | |
Dec 17, 2025 | - | - | 6318 | |
Jul 15, 2025 | Jun 22, 2021 | Series A | 2939 | |
Mar 29, 2025 | - | - | 8434 | |
Mar 05, 2025 | Nov 13, 2015 | Series C | 2530 |
Team profile of DG Ventures
DG Ventures has a team of 7 members including 3 Partners, 1 Venture Partner and 2 Principals located in Japan and United States. DG Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in DG Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Japan | - | - | |
Partner | San Francisco | - | - | |
Partner | Tokyo | - | - | |
Venture Partner | Tokyo | - | - | |
Principal | Tokyo | - | - | |
Principal | - | - | - |
Co-investors of DG Ventures
Over the past 20 years, 667 investors have co-invested in DG Ventures's portfolio companies. This includes funds and angels.
- Invested before DG Ventures: Beenext, 500 Global and 221 others have invested in rounds before DG Ventures. There are 6 companies where Beenext has invested before DG Ventures and 6 companies where 500 Global has invested before DG Ventures.
- Top Co-investors of DG Ventures: 169 investors entered a company along with DG Ventures. These include investors like Beenext (5 companies).
- Invested after DG Ventures: A total of 275 investors have invested in DG Ventures's portfolio after their investments. Top Investors include Mitsubishi UFJ Capital (4 companies), Digital Garage (3 companies) and Salesforce Ventures (3 companies).
Recent News related to DG Ventures
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AGE technologies, which operates inheritance procedure DX "Sozoku.com", raises 590 million yen including debt in Series BTHE BRIDGE•Apr 13, 2023•AGE technologies, Sozoku, Resona Group, DG Ventures and 1 other
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SafeAI Raises $38 Million Series B Funding to Accelerate the Deployment of Autonomous Heavy EquipmentFinancial Post•Dec 14, 2022•Safe AI, Builders VC, McKinley Capital, George Kaiser Family Foundation and 11 others
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Approximately 100 million yen was raised from Jigowatts, Digital Garage Group, etc.PR TIMES•Oct 18, 2022•Jigowatts, DG Ventures, Open Network Lab, and 1 other
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Eyeing nicotine replacement market, Qnovia bags $17M to take inhaled delivery device into the clinicFiercepharma•Oct 04, 2022•Vice Ventures, Qnovia, Blue Ledge Capital, DG Ventures and 4 others
