About G Squared
G Squared is a venture capital firm founded in 2002. It is primarily based out of Chicago, United States. As of Nov 2026, G Squared is an active investor, having invested in 133 companies, with 6 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 Consumer and High Tech. Most recently it participated in the $***** Series D round of Mercor Overall, G Squared portfolio has seen 51 unicorns, 26 IPOs and 21 acquisitions including key companies like Lyft, Instacart and Airbnb. A lot of funds co-invest with G Squared, with names like Qatar Investment Authority sharing a substantial percentage of its portfolio. G Squared has team of 24 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 8 more
Portfolio Unicorns
G Squared's List of Top Investments
G Squared has a portfolio of 133 companies, including 51 unicorns. Their most notable investments are in Maisonette and Getir.Their portfolio spans across United States, Germany, United Kingdom and 10 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 30 other sectors, across stages such as Series C, Series B and 8 more. Here is the list of top investments by G Squared:
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 G
- Total Funding till date: $191B
- Employee Count: 11,115 as on Sep 30, 2026
- Investors: Glynn Capital, K2 Global and 101 Others
- Latest Funding Round: Series G, Nov 06, 2026, $*****
- Highlight: Editors' Pick
2. Lyft
Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.
Key facts about Lyft
- Founded Year: 2007
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $5.02B
- Employee Count: 3,913 as on Dec 31, 2025
- Investors: h-tif.com, SeedFord Partners and 163 Others
- Latest Funding Round: Series I, Aug 06, 2018, $*****
- Highlight: Public
3. Instacart
Operator of an online marketplace providing grocery and delivery services. The platform connects customers with personal shoppers who fulfill orders from various retailers. Customers can select items, chat with shoppers, and schedule delivery or pickup. The marketplace offers a range of grocery, household, and other retail products. It also provides options for membership and business accounts.
Key facts about Instacart
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $2.93B
- Employee Count: 25,408 as on Sep 30, 2026
- Investors: TrueBridge, equitywestsecurities.com and 86 Others
- Latest Funding Round: Series F, Oct 15, 2021, $*****
- Highlight: Acquired
4. Airbnb
Provider of accommodations, experiences, and related services through an online platform. The platform facilitates connections between hosts and individuals seeking lodging and activities. It offers a variety of options for stays and curated experiences. The platform also provides resources for individuals interested in becoming hosts.
Key facts about Airbnb
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $3.07B
- Employee Count: 72,846 as on Sep 30, 2026
- Investors: Silver Lake, 2020 Ventures and 170 Others
- Latest Funding Round: Series E, Apr 06, 2020, $*****
- Highlight: Public
5. SoFi
Online bank offering consumer loans and insurances. It offers multiple loan products including personal loans, student loans, home loans, business loans, and more. It also offers insurance including life insurance, home insurance, and more. It also features an app-based platform for trading stocks, ETFs, crypto, and accessing financial services. The app is available on IOS and Android devices.
Key facts about SoFi
- Founded Year: 2011
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $3.04B
- Employee Count: 6,843 as on Sep 30, 2026
- Investors: Silver Lake, InvestX and 79 Others
- Latest Funding Round: Post IPO, Feb 18, 2024, $*****
- Highlight: Public
G Squared's Year-on-Year Investment Trends
G Squared has invested in 133 companies over the last 18 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Nov 2026, it has made 7 investments in this year. Its most recent first time investment was in Mercor and most recent follow-on round was in Stord.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 1 | 7 |
2025 | 4 | 0 | 4 |
2024 | 0 | 2 | 2 |
2023 | 3 | 3 | 6 |
2022 | 10 | 3 | 13 |
2021 | 15 | 3 | 18 |
2020 | 3 | 1 | 4 |
2019 | 5 | 0 | 5 |
2018 | 2 | 1 | 3 |
G Squared's Investments by Stage
G Squared is primarily an Late Stage Investor investor majorly investing in Series C (17) rounds where average round size is $3.21B, Series B (13) rounds where average round size is $1.91B and Series D (7) rounds where average round size is $2.59B.Stage of entry | No. of Investments |
|---|---|
Series C | 17 |
Series B | 13 |
Series D | 7 |
Series F | 7 |
Series E | 4 |
Others | 6 |
Note: We have considered here, only first round of investments
G Squared's Investments by Sector
G Squared has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Food and Agriculture Tech and High Tech. Notably, it has invested in 127 Tech companies, 89 Enterprise (B2B) companies, 69 Software companies and at least 61 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 27 |
Consumer | 14 |
FinTech | 12 |
Food and Agriculture Tech | 10 |
High Tech | 9 |
Others | 65 |
Note: We have considered here, only first round of investments
G Squared's Investments by Geography
G Squared has made most investments in United States (43), followed by Germany where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 43 |
Germany | 3 |
Brazil | 2 |
United Kingdom | 2 |
Australia | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
G Squared's recent investments
G Squared has made 7 investments in 2026 so far. Mercor and Island are the latest among them.Here are the most recent investments by G Squared:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 10, 2026 | United States | Series D | 5860 | [+11] | |
Sep 24, 2026 | United States | Series F | 3785 | ||
Sep 08, 2026 | United States | Series A | 1808 | [+5] | |
Jul 29, 2026 | United States | Series B | 6666 | ||
May 11, 2026 | United States | Series F | 6246 | [+6] |
Unicorns in G Squared's Portfolio
G Squared has 51 unicorns in its portfolio - Cover Genius, True Anomaly, Nscale and others. The most recent unicorn in their portfolio is Cover Genius. It became a unicorn in 2026, 4 years after G Squared first invested in it.Here is a list of unicorns in G Squared's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of a software suite for the insurance industry | 2014 | New York City | Series F | m{npmzj | ||
62 | Developer of materials and products for space solutions | 2022 | Centennial | Series D | prkxmod | ||
65 | Provider of specialized infrastructure and cloud services for artificial intelligence | 2023 | London | Series C | hg{dayz | ||
67 | Provider of personalized dietary counseling services through a registered dietitian network | 2021 | New York City | Series C | tpvuvef | ||
71 | Provider of a platform that organizes human intelligence to power the artificial intelligence economy | 2023 | San Francisco | Series D | nzrkssf |
IPOs and Publicly Listed companies in G Squared's Portfolio
26 of G Squared'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 Chime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.97B.Here are G Squared's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 2485 | |
Jun 12, 2025 | - | - | 7479 | |
Sep 22, 2021 | Feb 14, 2020 | Series F | 4798 | |
Jul 16, 2021 | - | - | 6509 | |
Jun 01, 2021 | - | - | 4501 |
Acquired companies in G Squared's Portfolio
21 companies from G Squared's portfolio have been acquired. The most recent acquisition was Instacart in Oct 2026 by DoorDash for $*****.Here are G Squared's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 29, 2026 | - | - | 6110 | |
Jan 22, 2026 | - | - | 3757 | |
Oct 29, 2025 | - | - | 1871 | |
Jul 28, 2025 | - | - | 1493 | |
Jun 16, 2025 | Jun 01, 2021 | Series C | 1027 |
Team profile of G Squared
G Squared has a team of 24 members including 8 Partners and 8 Principals located in United States and Switzerland. G Squared's team does not sit on the board of any company as of now.Here is a list of top team members in G Squared:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Miami | - | ||
Partner | Zurich | - | ||
Partner | Chicago | - | ||
Partner | Chicago | - | ||
Partner | Zurich | - | ||
Partner | New York | - | ||
Partner | Albuquerque | - | - | |
Partner | Ridgefield | - | ||
Principal | United States | - | - | |
Principal | San Francisco | - |
Co-investors of G Squared
Over the past 18 years, 808 investors have co-invested in G Squared's portfolio companies. This includes funds and angels.
- Invested before G Squared: Sequoia Capital, Coatue and 423 others have invested in rounds before G Squared. There are 6 companies where Sequoia Capital has invested before G Squared and 6 companies where Coatue has invested before G Squared.
- Top Co-investors of G Squared: 187 investors entered a company along with G Squared. These include investors like Qatar Investment Authority (3 companies).
- Invested after G Squared: A total of 196 investors have invested in G Squared's portfolio after their investments. Top Investors include J P Morgan (6 companies), Deutsche Bank (4 companies) and SVB (3 companies).
Recent News related to G Squared
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Island Raises $400M in Late-Stage Funding at $6.4B ValuationSiliconAngle•Sep 25, 2026•island, Evolution Equity Partners, JPMorgan Chase, Coatue and 3 others
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Stord Secures $250M at $3B Valuation to Develop AI-Powered Fulfillment Network for Independent BrandsTechStartups.com•May 26, 2026•Strike Capital, Franklin Templeton Investments, Stord, Baillie Gifford and 7 others
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True Anomaly Closes $650M Series D Funding RoundPayload•Apr 28, 2026•Eclipse, True Anomaly, Riot, Accel and 13 others
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Replit Closes $400M Series D FundingMassinvestor•Mar 16, 2026•Replit, Georgian, Prysm Capital, Accenture and 2 others
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Replit Snags $9B Valuation 6 Months After Hitting $3BTechCrunch+•Mar 12, 2026•Replit, Georgian, Craft Ventures, Andreessen Horowitz and 10 others
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G Squared and Nasdaq Private Market Announce Strategic Partnership to Power LiquidityGlobeNewswire•Jan 08, 2026•G Squared, Nasdaq Private Market
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G Squared Capital Partners Acquired by Piper Sandler CompaniesGlobal Legal Chronicle•Oct 02, 2025•Piper Sandler, G Squared
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Nscale Raises Record $1.1B Series B to Expand AI Infrastructure GloballyHpcwire•Sep 30, 2025•Nscale, T.Capital, Fidelity Investments, Blue Owl and 6 others
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Aker participates in Nscale's USD 1.1 billion Series B funding roundPR Newswire•Sep 25, 2025•Aker ASA, Nscale, T.Capital, Fidelity Investments and 15 others
