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DAG Ventures is a venture capital firm founded in 2004 as a spin-off from Duff Ackerman & Goodrich, a private equity investment firm. The firm is headquartered in Palo Alto, California, and has established itself as a key player in mid-stage and growth financing. DAG Ventures manages an impressive $1.8 billion across a portfolio of over 160 companies, showcasing its commitment to supporting innovation in technology.
Since its inception, DAG Ventures has focused on identifying and nurturing promising companies within select early-stage VC partnerships. The firm has evolved to emphasize collaboration with its portfolio companies and limited partners, providing not just capital but also strategic guidance and resources that enhance growth trajectories. Notable milestones include successful exits such as GrubHub and Cloudera, which highlight the firm's effectiveness in identifying high-potential investments.
DAG Ventures primarily invests in mid-stage and growth financing rounds, targeting a diverse array of technology sectors including AI, fintech, healthcare, consumer, SaaS, biotech, energy, climate, mobility, and web3. The firm seeks to differentiate itself through a highly focused investment model that emphasizes collaboration with a global network of limited partners. This approach allows DAG Ventures to provide not only financial support but also strategic insights that can significantly impact a company's growth trajectory.
The firm typically engages in funding rounds from pre-seed to Series B and growth equity, with check sizes varying based on the stage and potential of the company. DAG Ventures looks for founders who demonstrate vision and capability, valuing strong leadership and innovative ideas. Their investment strategy is designed to facilitate long-term growth, ensuring that portfolio companies are well-positioned to succeed in competitive markets.
DAG Ventures boasts a diverse portfolio of over 160 companies, with notable successes including:
These companies reflect DAG Ventures' focus on technology-driven sectors and its ability to identify high-potential investments that lead to successful exits.
John Cadeddu: Managing Director with extensive experience in venture capital and technology investments. He has led numerous successful funding rounds and has a strong background in identifying high-potential startups.
Young Chung: Managing Director known for his expertise in growth equity and technology sectors. He has a track record of successful investments and strategic guidance for portfolio companies.
Tom Goodrich: Managing Director with a focus on mid-stage investments. He has been instrumental in building relationships with limited partners and enhancing the firm's investment strategy.
Nick Pianim: Managing Director who specializes in technology investments. He brings a wealth of experience in scaling companies and operational excellence.
Greg Williams: Managing Director with a strong background in venture capital and a focus on fostering innovation within portfolio companies.
Joe Zanone: Chief Financial Officer responsible for managing the firm's financial operations and ensuring compliance with regulatory standards.
Deberah Stark: Administrative Controller overseeing administrative functions and supporting the firm's operational needs.
Shab Danesh: Executive Assistant providing support to the management team and facilitating communication within the firm.
Malia Pita: Office Manager responsible for the day-to-day operations of the office and ensuring a productive work environment.
To pitch DAG Ventures, founders should send an email to info@dagventures.com. The pitch deck should include a comprehensive overview of the business, including market analysis, financial projections, and the team’s background. DAG Ventures appreciates clear and concise presentations that highlight the unique value proposition of the startup.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
As of 2023, DAG Ventures continues to manage a portfolio of over 160 companies, maintaining a consistent presence in the venture capital landscape. The firm has not announced any new funds since 2016, indicating a potential focus on harvesting existing investments.
Notable past exits include GrubHub, Cloudera, and HomeAway, showcasing the firm's ability to identify and support high-potential companies. DAG Ventures remains committed to investing in visionary founders and technology companies, although recent activity has not been publicly detailed.
What are DAG Ventures' investment criteria?
DAG Ventures primarily invests in mid-stage and growth financing rounds, focusing on technology sectors such as AI, fintech, healthcare, and SaaS. The firm looks for companies with significant growth potential and strong leadership.
How can I apply or pitch to DAG Ventures?
Founders can pitch DAG Ventures by sending an email to info@dagventures.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes DAG Ventures different from other VC firms?
DAG Ventures differentiates itself through its highly focused investment model and strong collaboration with a diverse set of global limited partners. This enables the firm to provide not just capital but also strategic guidance and resources.
What is the geographic scope of DAG Ventures' investments?
The firm invests globally, with a particular focus on North America. DAG Ventures seeks opportunities in various technology sectors across different regions.
What is DAG Ventures' post-investment involvement like?
DAG Ventures actively collaborates with its portfolio companies, providing strategic guidance and leveraging its extensive network to facilitate growth and operational excellence.
What is the typical check size for investments?
Check sizes vary depending on the stage of the company, but DAG Ventures typically invests in mid-stage and growth financing rounds, which can range significantly based on the specific opportunity.
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