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DAG Ventures

North America, California, United States, Palo Alto

Description

DAG Ventures is a prominent American venture capital firm based in Palo Alto, California, specializing in growth-stage investments. Established with a focus on partnering with disruptive companies, the firm targets businesses from Series B through pre-IPO stages that are poised to become category leaders in large, evolving markets. Their investment philosophy centers on providing capital and strategic guidance to accelerate the growth of promising technology companies across various sectors.

The firm's investment strategy is sector-agnostic within the broad technology landscape, encompassing areas such as enterprise software, internet, mobile, fintech, and healthcare IT. DAG Ventures seeks out companies demonstrating strong product-market fit, significant revenue traction, and scalable business models. They are known for their patient capital approach, often supporting portfolio companies through multiple funding rounds and offering extensive operational expertise to navigate the complexities of rapid expansion and market leadership. Their commitment extends beyond initial funding, aiming to build enduring partnerships with founders and management teams.

With a robust financial backing, DAG Ventures has successfully raised multiple funds, including several at $400 million each, providing them with substantial capital to deploy. This enables them to make significant initial investments, typically ranging from $10 million to $50 million, and reserve capital for follow-on rounds to support their portfolio companies' continued growth. Over its history, DAG Ventures has made over 100 investments, contributing to the success of numerous high-profile companies such as Facebook, LinkedIn, Twitter, Yelp, and Pandora, many of which achieved successful public listings or strategic acquisitions. Their track record underscores their ability to identify and nurture companies that go on to achieve substantial market impact and generate significant returns.

Investor Profile

DAG Ventures has backed more than 244 startups, with 0 new investments in the last 12 months alone. The firm has led 67 rounds, about 27% of its total and boasts 101 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series D, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Israel.
  • Strong thematic focus on Software, Enterprise Software, Internet.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series C (30%)
  • Series D (20%)
  • Series B (20%)
  • Series E (10%)
  • Series Unknown (7%)
  • Series F (6%)
  • Private Equity (2%)
  • Series A (2%)
  • Debt Financing (1%)
  • Series G (1%)

Country Focus

  • United States (98%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Enterprise Software
  • Internet
  • Advertising
  • Information Technology
  • Health Care
  • Saas
  • Biotechnology
  • Security
  • Financial Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does DAG Ventures frequently co-invest with?

Mohr Davidow Ventures
North America, California, United States, San Mateo
Co-Investments: 14
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 40
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 75
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 15
Northgate Capital
North America, California, United States, Danville
Co-Investments: 26
Accel
North America, California, United States, Palo Alto
Co-Investments: 37
Greylock
North America, California, United States, Menlo Park
Co-Investments: 15
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 16
Benchmark
North America, California, United States, San Francisco
Co-Investments: 72
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 15

Which angels does DAG Ventures often collaborate with?

MP
North America, Colorado, United States, Aspen
Shared Deals: 1
Dave Goldberg
North America, California, United States
Shared Deals: 1
AR
North America, California, United States, San Francisco
Shared Deals: 1
DS
North America, Massachusetts, United States, Boston
Shared Deals: 2
AN
North America, New York, United States, New York
Shared Deals: 1
JK
North America, Massachusetts, United States
Shared Deals: 2
AR
North America, California, United States, Los Angeles
Shared Deals: 1
AP
North America, California, United States, San Francisco
Shared Deals: 1
MM
North America, California, United States, San Francisco
Shared Deals: 1
KR
North America, Oregon, United States, Portland
Shared Deals: 1

What are some of recent deals done by DAG Ventures?

Nextdoor

San Francisco, California, United States

Nextdoor is a private social networking platform that connects neighbors for them to exchange helpful information, goods, and services.

CivicTechCommunitiesInternetMobile AppsSocial Media
Post Ipo EquityJan 17, 2023
Amount Raised: $18,600,000
Point

Palo Alto, California, United States

Point is a home equity platform that allows homeowners to convert a portion of their home equity into cash without taking on a loan.

Financial ServicesFinTechReal EstateReal Estate Investment
Series CMay 3, 2022
Amount Raised: $115,000,000
Pavilion Data Systems, Inc.

San Jose, California, United States

Delivers unmatched performance, density, & ultra-low latency at scale, w/out the cost & complexity of traditional storage via nextgen flash

Data CenterData StorageData VisualizationDatabaseHardwareInformation TechnologySoftware
Series DJan 20, 2022
Amount Raised: $45,000,000
Algolia

San Francisco, California, United States

Algolia is the Search-as-a-Service platform that enables companies to deliver fast and relevant digital experiences that drive real results.

Cloud ComputingSearch EngineSemantic SearchVertical Search
Series DJul 28, 2021
Amount Raised: $150,000,000
Vectra Networks

San Jose, California, United States

Vectra is a cybersecurity platform that uses AI to detect attackers in real time and perform conclusive incident investigations.

Artificial Intelligence (AI)Cloud SecurityCyber SecurityNetwork SecuritySoftware
Series FApr 29, 2021
Amount Raised: $130,000,000
Rec Room

Seattle, Washington, United States

Rec Room is an online universe that enables users to play and create games with friends.

Augmented RealityGamingSoftwareVirtual Reality
Series CDec 17, 2020
Amount Raised: $20,000,000
Innovium

San Jose, California, United States

Innovium develops switching silicon solutions for cloud and edge data centers.

Data CenterInformation TechnologyNetwork Hardware
Series FJul 21, 2020
Amount Raised: $170,000,000
Algolia

San Francisco, California, United States

Algolia is the Search-as-a-Service platform that enables companies to deliver fast and relevant digital experiences that drive real results.

Cloud ComputingSearch EngineSemantic SearchVertical Search
Series COct 15, 2019
Amount Raised: $110,000,000
Pavilion Data Systems, Inc.

San Jose, California, United States

Delivers unmatched performance, density, & ultra-low latency at scale, w/out the cost & complexity of traditional storage via nextgen flash

Data CenterData StorageData VisualizationDatabaseHardwareInformation TechnologySoftware
Series CAug 13, 2019
Amount Raised: $25,000,000
TrustArc

Walnut Creek, California, United States

TrustArc is a privacy compliance technology company that offers software to help corporations update their privacy management processes.

Information TechnologyPrivacyRisk ManagementSecuritySoftware
Series DJul 10, 2019
Amount Raised: $70,000,000