About DNX Ventures
DNX Ventures is a venture capital firm founded in 2011. It is primarily based out of San Mateo, United States. As of Aug 2026, DNX Ventures is an active investor, having invested in 194 companies, with 12 new investments in the last 12 months. It primarily invests in Seed round in Japan 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 HERP Overall, DNX Ventures portfolio has seen 5 unicorns, 5 IPOs and 26 acquisitions including key companies like Zum, ICEYE and Uplift. A lot of funds co-invest with DNX Ventures, with names like Archetype Ventures sharing a substantial percentage of its portfolio. DNX Ventures has team of 51 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
DNX Ventures' List of Top Investments
DNX Ventures has a portfolio of 194 companies, including 5 unicorns. Their most notable investments are in Trippiece and Folio.Their portfolio spans across Japan, United States, Australia and 9 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 32 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by DNX Ventures:
1. Zum
Digital platform connects students, drivers, and school districts to create a mobility experience. The platform offers route optimization, real-time tracking, and communication tools for parents, schools, and drivers. It facilitates efficient and safe student transit through integrated applications and dashboards. The company provides multi-size vehicle fleets, including electric vehicles, to meet diverse transportation needs.
Key facts about Zum
- Founded Year: 2014
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $439M
- Employee Count: 609 as on Sep 30, 2026
- Investors: GIC, Spark Capital and 28 Others
- Latest Funding Round: Series F, Apr 15, 2026, $*****
- Highlight: Editors' Pick
2. ICEYE
Manufacturer of radar satellite constellations providing persistent earth observation imagery. These systems deliver radar data to detect and monitor physical changes on the surface of the planet. The technology functions through cloud cover and darkness to provide imagery for environmental monitoring, infrastructure assessment, and disaster impact analysis. The hardware enables the collection of radar intelligence for various monitoring requirements.
Key facts about ICEYE
- Founded Year: 2014
- Location: Espoo (Finland)
- Annual Revenue: €100M - €500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.25B
- Employee Count: 1,156 as on Sep 30, 2026
- Investors: TCV, General Atlantic and 50 Others
- Latest Funding Round: Series F, Jun 09, 2026, $*****
- Highlight: Editors' Pick
3. Uplift
Provider of a point of sale financing solution for travel bookings. It features a purchase financing platform exclusively for travel-related purchases through partner travel providers. Consumers can choose the payment option, and distribute the payment in monthly installments with an auto-debit solution.
Key facts about Uplift
- Founded Year: 2014
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $695M
- Employee Count: 1,492 as on Jun 30, 2026
- Investors: State48 Ventures, PAR Capital Management and 12 Others
- Latest Funding Round: Conventional Debt, Jan 07, 2021, $*****
- Highlight: Acquired
4. Nauto
AI-powered fleet safety software using dual-facing cameras and predictive analytics. The platform anticipates driver behavior and alerts drivers to imminent risks. The platform offers real-time predictive collision alerts, driver behavior monitoring, and self-guided coaching to enhance road safety. It helps users reduce distracted and drowsy driving incidents, improve driver performance, and lower operational costs.
Key facts about Nauto
- Founded Year: 2015
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $215M
- Employee Count: 109 as on Sep 30, 2026
- Investors: SoftBank Group, SoftBank Vision Fund and 17 Others
- Latest Funding Round: Series C, Jun 15, 2023, $*****
- Highlight: Editors' Pick
5. LiveRamp
Provider of data collaboration platform for marketing and advertising solutions. The platform offers identity resolution, data marketplace access, and connectivity for segmentation and activation. It also provides clean rooms and conversion program optimization. The company helps brands and tech platforms across various industries.
Key facts about LiveRamp
- Founded Year: 2011
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1M
- Employee Count: 1,654 as on Sep 30, 2026
- Investors: Western Technology Investment, Felicis Ventures and 10 Others
- Latest Funding Round: Seed, Dec 31, 2013, $*****
- Highlight: Acquired
DNX Ventures' Year-on-Year Investment Trends
DNX Ventures has invested in 194 companies over the last 20 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 27 investments, while as of Aug 2026, it has made 13 investments in this year. Its most recent first time investment was in KnowledgeWork and most recent follow-on round was in HERP.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 4 | 13 |
2025 | 17 | 10 | 27 |
2024 | 20 | 6 | 26 |
2023 | 14 | 5 | 19 |
2022 | 9 | 9 | 18 |
2021 | 17 | 4 | 21 |
2020 | 14 | 4 | 18 |
2019 | 10 | 3 | 13 |
2018 | 8 | 7 | 15 |
2017 | 8 | 6 | 14 |
DNX Ventures' Investments by Stage
DNX Ventures has made 69 investments in Seed stage with an average round size of $3.13M, 52 investments in Series A stage with an average round size of $9.66M, 27 investments in Series B stage with an average round size of $18M, 7 investments in Series C stage with an average round size of $33.3M and 3 investments in Series D stage with an average round size of $25.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 69 |
Series A | 52 |
Series B | 27 |
Series C | 7 |
Series D | 3 |
Note: We have considered here, only first round of investments
DNX Ventures' Investments by Sector
DNX Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Enterprise Infrastructure and Consumer. Notably, it has invested in 160 Tech companies, 150 Enterprise (B2B) companies, 118 Software companies and at least 83 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 93 |
High Tech | 33 |
Vertical SaaS | 28 |
Enterprise Infrastructure | 26 |
Consumer | 17 |
Others | 154 |
Note: We have considered here, only first round of investments
DNX Ventures' Investments by Geography
DNX Ventures has made most investments in Japan (83), followed by United States where it has made 62 investments.Country | No. of Investments |
|---|---|
Japan | 83 |
United States | 62 |
Australia | 2 |
Canada | 2 |
Germany | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
DNX Ventures' recent investments
DNX Ventures has made 13 investments in 2026 so far. HERP and Resilire are the latest among them.Here are the most recent investments by DNX Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 25, 2026 | Japan | Series C | 1487 | ||
Aug 19, 2026 | Japan | Series B | 9887 | [+1] | |
Aug 04, 2026 | Japan | Series C | 5344 | [+12] | |
Jul 13, 2026 | Australia | Seed | 6067 | - | |
Jun 30, 2026 | Japan | Seed | 2914 | - |
Unicorns in DNX Ventures' Portfolio
DNX Ventures has 5 unicorns in its portfolio - XBOW, Cast AI, ICEYE and others. The most recent unicorn in their portfolio is XBOW. It became a unicorn in 2026.Here is a list of unicorns in DNX Ventures' 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 | brhfvnd | ||
67 | Provider of a platform for Kubernetes automation and cost optimisation | 2019 | Miami | Series C | itfkdey | ||
73 | Manufacturer of radar satellite constellations providing persistent earth observation imagery | 2014 | Espoo | Series F | vtaix{a | ||
74 | Digital platform connects students, drivers, and school districts to create a mobility experience | 2014 | Redwood City | Series F | fcqituo | ||
71 | AI-powered fleet safety software using dual-facing cameras and predictive analytics | 2015 | Palo Alto | Series C | yvfrhtk |
IPOs and Publicly Listed companies in DNX Ventures' Portfolio
5 of DNX Ventures' portfolio companies have become public. Finatext got listed on the Tokyo Stock Exchange (TSE), in Dec 2021 and Flect got listed on the Tokyo Stock Exchange (TSE) at marketcap of $63.7M.Here are DNX Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 22, 2021 | Feb 08, 2017 | Series A | 7347 | |
Dec 10, 2021 | - | - | 3594 | |
Feb 12, 2021 | Mar 09, 2020 | Series A | 4890 | |
Aug 10, 2018 | - | - | 6695 | |
Nov 13, 2014 | - | - | 2864 |
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Acquired companies in DNX Ventures' Portfolio
26 companies from DNX Ventures' portfolio have been acquired. The most recent acquisition was NetRise in Sep 2026 by Dragos for $*****.Here are DNX Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 21, 2026 | Nov 16, 2021 | Seed | 4572 | |
Jun 12, 2026 | Dec 23, 2021 | Series B | 2765 | |
May 18, 2026 | - | - | 3062 | |
Jan 20, 2026 | Mar 20, 2020 | Series A | 4658 | |
Jul 29, 2025 | Nov 20, 2024 | Series D | 1538 |
Team profile of DNX Ventures
DNX Ventures has a team of 51 members including 8 Partners, 1 Venture Partner and 10 Principals located in United States and Japan. DNX Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in DNX Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Mateo | - | ||
Partner | Japan | - | ||
Partner | San Francisco | - | - | |
Partner | San Francisco | - | ||
Partner | San Mateo | - | - | |
Partner | Japan | - | ||
Partner | United States | - | ||
Partner | United States | - | ||
Venture Partner | Tokyo | - | - | |
Principal | San Francisco | - |
Co-investors of DNX Ventures
Over the past 20 years, 981 investors have co-invested in DNX Ventures's portfolio companies. This includes funds and angels.
- Invested before DNX Ventures: National Science Foundation, 500 Global and 319 others have invested in rounds before DNX Ventures. There are 4 companies where National Science Foundation has invested before DNX Ventures and 4 companies where 500 Global has invested before DNX Ventures.
- Top Co-investors of DNX Ventures: 358 investors entered a company along with DNX Ventures. These include investors like Archetype Ventures (7 companies).
- Invested after DNX Ventures: A total of 302 investors have invested in DNX Ventures's portfolio after their investments. Top Investors include Mitsubishi UFJ Capital (9 companies), JIC Venture Growth Investments (7 companies) and JFC (5 companies).
Recent News related to DNX Ventures
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Resilire raises ¥1.73 billion in Series B funding roundStartup Log•Aug 19, 2026•Resilire, Salesforce Ventures, Sumisho Venture Partners, DNX Ventures
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ESGAgent.ai Secures $1.7M Seed Funding Led by DNX Ventures for AI Compliance PlatformThe SaaS News•Jul 13, 2026•DNX Ventures, Esgagent
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ESGAgent.ai Raises $450,000 Seed Funding for AI-Powered ESG ComplianceStartup Daily•Jul 13, 2026•DNX Ventures, Esgagent
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Hiway Secures ¥300M in Series A Funding Led by DNX VenturesThe SaaS News•Jun 30, 2026•DNX Ventures, Hiway
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Hiway Raises ¥300 Million in Series A Funding for AI-Powered Agency Sales AutomationC2 Media•Jun 15, 2026•DNX Ventures
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Accenture Invests in XBOW to Advance Continuous Offensive Security Testing and Exposure ManagementFinancial Times•May 06, 2026•XBOW, Accenture, DNX Ventures, Nvidia and 5 others
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Xbow Raises Additional $35M in Series C FundingFinSMEs•May 06, 2026•NVentures, XBOW, DNX Ventures, Accenture and 5 others
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Asterminds Raises 110 Million Yen in Seed Round for AI Hearing Agent InTakeStartup Log•Mar 10, 2026•DNX Ventures, Delight Ventures, asterminds.com
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AI Chip Startup Neurophos Secures $110M to Enhance AI Compute with PhotonicsSiliconAngle•Jan 22, 2026•Neurophos, Robert Bosch Venture Capital, Carbon Direct Capital, Aramco Ventures and 18 others
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Spangle Raises $15 Million in Series A to Bridge Marketing and Ecommerce Customer Experience GapsStartup Log•Jan 09, 2026•Spangle AI, startuplogs.com, NewRoad Capital Partners, Madrona and 3 others
