DNX Ventures

DNX Ventures is an early-stage venture capital firm with a distinct focus on B2B startups, operating across both the United States and Japan. Headquartered in San Mateo, California, the firm specializes in identifying and supporting companies that are leveraging technology to reshape industries and transform business operations. Their investment thesis centers on sectors such as SaaS, cloud computing, fintech, cybersecurity, artificial intelligence, and IoT, seeking out innovative solutions that address critical enterprise needs.

The firm primarily targets Seed, Series A, and Series B funding rounds, demonstrating a commitment to supporting companies through their crucial early growth phases. While they occasionally make smaller seed investments, DNX Ventures typically deploys first checks ranging from $2 million to $10 million for Series A and B rounds. This strategic allocation allows them to provide substantial capital to promising B2B ventures, enabling them to scale operations, expand market reach, and accelerate product development. Their dual-market presence in the US and Japan also provides unique cross-border opportunities for their portfolio companies.

With the close of their fifth fund, DNX Ventures V, at $320 million in 2022, the firm's total capital under management now exceeds $700 million. This significant capital base underscores their capacity to be a long-term partner for their portfolio companies. Beyond capital, DNX Ventures emphasizes providing operational support, leveraging their extensive network and expertise to assist founders with strategic planning, talent acquisition, and market penetration, particularly in navigating the complexities of both the US and Japanese markets.