Wikipedia
CapitalG
CapitalG Management Company LLC[1][2] (formerly Google Capital) is the independent growth fund under Alphabet Inc.[3] Founded in 2013, it focuses on larger, growth-stage technology companies, and invests for profit rather than strategically for Google.[4] In addition to capital investment, CapitalG's approach includes giving portfolio companies access to Google's people, knowledge, and culture to support the companies' growth and offer them guidance.[4]
| Formerly | Google Capital |
|---|---|
| Company type | Subsidiary |
| Industry | Venture capital |
| Founded | 2013 (as Google Capital) |
| Headquarters | |
| Parent | Google (2013–2015) Alphabet Inc. (2015–present) |
| Website | capitalg |
History edit
The fund began operating in 2013[5] but was only officially unveiled on February 19, 2014.[6][7] The firm operates out of the Ferry Building in San Francisco.[3][4] Following the Alphabet restructuring, Google Capital was renamed CapitalG on November 4, 2016.[8]
Team edit
CapitalG is led by managing partner Laela Sturdy. It was founded in 2013 by David Lawee, formerly Google's Vice President of Corporate Development, and before that, Google's first Vice President of Marketing. Lawee was joined by partners Gene Frantz (formerly a partner at private equity firm TPG), Laela Sturdy (now managing partner; before joining CapitalG she was a Managing Director of Emerging Businesses at Google), Derek Zanutto (formerly at TPG, Hellman & Friedman and GIC) and Jesse Wedler (who joined CapitalG in 2013 out of Stanford business school).[4][9]
CapitalG also comprises over 50 advisors from senior positions within Google, who offer portfolio companies guidance in business areas such as data science, engineering, marketing, and product management.[10]
Investments edit
| Date | Company | Industry | Refs |
|---|---|---|---|
| Unknown | MultiPlan | Healthcare | [11] |
| January 2013 | SurveyMonkey | Survey tool | [12][13] |
| May 2013 | LendingClub | Finance | [13][14] |
| February 2014 | Renaissance | Education | [13] |
| March 2014 | Auction.com | Real estate | [15] |
| March 2014 | Credit Karma | Finance | [16] |
| June 2014 | Freshdesk | Business software | [17] |
| July 2014 | MapR | Business software | [18] |
| August 2014 | Thumbtack | Service marketplace | [19] |
| September 2014 | InnoLight | Data center optics | [20] |
| September 2014 | Credit Karma | Finance | [21] |
| January 2015 | Glassdoor | Job platform | [22] |
| January 2015 | CommonFloor | Real estate | [23] |
| April 2015 | ZenPayroll | Payroll and employee management | [24] |
| April 2015[a] | Freshdesk | Business software | [25] |
| June 2015 | Duolingo | Language education | [26] |
| July 2015 | Crowdstrike | Cybersecurity | [27] |
| July 2015 | FanDuel | Fantasy sport | [28] |
| August 2015 | Practo | Healthcare | [29] |
| September 2015 | Oscar Health | Health insurance | [30] |
| September 2015 | Zscaler | Cybersecurity | [31] |
| 2016 | Snap Inc. | Social media | [32] |
| January 2016 | Pindrop | Information security | [33] |
| March 2016 | CarDekho | Car marketplace | [34] |
| June 2016 | Care.com | Care provider platform | [35] |
| September 2016 | Airbnb | Lodging | [36] |
| November 2016 | Stripe | Payments technology | [37] |
| January 2017 | Cuemath | Education | [38] |
| March 2017 | Looker | Data analytics | [39] |
| October 2017 | Lyft | Transportation | [40][41] |
| March 2018 | UiPath | Robotics process automation | [42] |
| April 2018 | Manbang | Transportation | [43] |
| May 2018 | Robinhood | Personal finance | [44] |
| June 2018 | Aye Finance | Finance | [45] |
| July 2018[b] | Freshworks | Business software | [46] |
| September 2018 | Convoy | Trucking technology | [47] |
| October 2018 | Applied | Insurance software | [48] |
| January 2019 | Collibra | Data intelligence | [49] |
| January 2019[a] | CarDekho | Car marketplace | [50] |
| March 2019 | Cloudflare | Web performance and security | [51] |
| October 2019 | Unqork | Software development | [citation needed] |
| October 2019[a] | Convoy | Trucking technology | [52] |
| November 2019[c] | Freshworks | Business software | [53] |
| December 2019[a] | Duolingo | Language education | [54] |
| December 2019 | Dataiku | Data science software | [55] |
| January 2020 | Armis | Cybersecurity | [56] |
| March 2020 | Albert | Finance | [57] |
| March 2020 | Everlaw | Electronic discovery | [58] |
| April 2020[a] | Collibra | Data intelligence | [59] |
| May 2020 | Expel | Cybersecurity | [60] |
| June 2020[a] | Aye Finance | Finance | [61] |
| August 2020[a] | Dataiku | Data science software | [citation needed] |
| September 2020 | NEXT Insurance | Insurance | [62] |
| December 2020[a] | Cuemath | Education | [63] |
Relationship to GV edit
CapitalG focuses on later-stage and growth equity investments, while GV invests in companies across all stages and industries. Another corporate division, Google's Corporate Development group, does acquisitions and investments that are strategic for Google's products and business.
References edit
- ^ "Delaware Corporate Entity Search". from the original on September 21, 2015. Retrieved March 5, 2022. (file no. 5324444)
- ^ "Privacy Policy". Capital G. Retrieved March 6, 2023.
- ^ a b Reilly, Richard Byrne (February 20, 2014). "Google Capital: Meet the $300 million cousin to Google Ventures". VentureBeat. from the original on July 5, 2018. Retrieved April 25, 2019.
- ^ a b c d Bergen, Mark (December 21, 2015). "Meet Google Capital, the Investing Arm With the Keys to the Googleplex Kingdom". Recode. from the original on April 25, 2019. Retrieved April 25, 2019.
- ^ Miners, Zach (May 22, 2013). "Google launching new fund for later-stage tech investments". PCWorld. from the original on April 25, 2019. Retrieved April 25, 2019.
- ^ Sawers, Paul (February 19, 2014). "Google Capital Officially Launches Today". The Next Web. from the original on April 25, 2019. Retrieved April 25, 2019.
- ^ Lawee, David (February 19, 2014). "Google Capital: investing in growth-stage companies". Official Google Blog. from the original on April 25, 2019. Retrieved April 25, 2019.
- ^ Stangel, Luke (November 7, 2016). . Silicon Valley Business Journal. Archived from the original on May 3, 2017. Retrieved April 25, 2019.
- ^ . Archived from the original on May 12, 2015. Retrieved May 10, 2015.
- ^ . Archived from the original on May 12, 2015. Retrieved May 10, 2015.
- ^ "MultiPlan". CapitalG. from the original on April 24, 2019. Retrieved April 24, 2019.
- ^ Swisher, Kara (January 16, 2013). "SurveyMonkey Raises $800 Million in Debt and Equity for Tender Offer". All Things Digital. from the original on January 18, 2013. Retrieved August 12, 2015.
- ^ a b c Merced, Michael J. de la (February 19, 2014). "Renaissance Learning Draws $40 Million Investment From Google Capital". DealBook. The New York Times. from the original on November 5, 2018. Retrieved April 24, 2019.
- ^ Merced, Michael J. de la (May 2, 2013). "Lending Web Site Gains a Shareholder in Google". DealBook. The New York Times. from the original on January 27, 2019. Retrieved April 24, 2019.
- ^ Rao, Leena (March 4, 2014). "Google Capital Pours $50M Into Real Estate Marketplace Auction.com At A $1.2B Valuation". TechCrunch. from the original on February 20, 2019. Retrieved April 24, 2019.
- ^ Shieber, Jonathan (March 12, 2014). "Credit Karma Confirms New $85M Financing Round Led By Google Capital". TechCrunch. from the original on April 24, 2019. Retrieved August 12, 2015.
- ^ Eric Blattberg (June 12, 2014). "Google Capital jumps into $31M round for Freshdesk | VentureBeat | Deals | by Eric Blattberg". VentureBeat. Retrieved August 12, 2015.
- ^ Buhr, Sarah (July 1, 2014). "MapR Gains $110 Million In Funding Led By Google Capital". TechCrunch. from the original on February 26, 2019. Retrieved April 24, 2019.
- ^ Ha, Anthony (August 20, 2014). "Service Marketplace Thumbtack Raises $100M Round Led By Google Capital". TechCrunch. from the original on February 26, 2019. Retrieved April 24, 2019.
- ^ Cheung, Sonja (September 29, 2014). "Google Capital Makes First China Investment, Backs InnoLight". The Wall Street Journal. from the original on September 30, 2014. Retrieved August 12, 2015.
- ^ Perez, Sarah (September 30, 2014). "Free Consumer Credit Monitoring Company Credit Karma Raises $75M, Now Valued At Over $1 Billion". TechCrunch. from the original on August 12, 2020. Retrieved December 20, 2020.
- ^ Lardinois, Frederic (January 6, 2015). "Glassdoor Closes $70M Funding Round Led By Google Capital And Tiger Global". TechCrunch. from the original on February 26, 2019. Retrieved April 24, 2019.
- ^ Shu, Catherine (January 8, 2015). "Google Capital Invests In Indian Real-Estate Platform CommonFloor". TechCrunch. from the original on April 24, 2019. Retrieved August 12, 2015.
- ^ Huet, Ellen (April 6, 2015). "ZenPayroll Scoops Up $60 Million Funding Round Led By Google Capital". Forbes. from the original on November 1, 2015. Retrieved August 12, 2015.
- ^ Heber, Alex (April 20, 2015). "This US tech company just landed $50 million in funding -- and it now has an Australian office". Business Insider Australia. from the original on April 24, 2019. Retrieved April 24, 2019.
- ^ Protalinski, Emil (June 10, 2015). "100M users strong, Duolingo raises $45M led by Google at a $470M valuation to grow language-learning platform". VentureBeat. from the original on March 31, 2019. Retrieved April 24, 2019.
- ^ Miller, Ron (July 13, 2015). "Security Company CrowdStrike Scores $100M Led By Google Capital". TechCrunch. from the original on April 4, 2019. Retrieved April 24, 2019.
- ^ O'Hear, Steve (July 14, 2015). "Fantasy Sports Company FanDuel Raises $275M Series E, Confirms $1B Valuation". TechCrunch. from the original on December 3, 2018. Retrieved April 24, 2019.
- ^ Russell, Jon (August 6, 2015). "Indian Health Search Portal Practo Lands $90M Led By Tencent For Global Expansion". TechCrunch. from the original on December 1, 2018. Retrieved April 24, 2019.
- ^ MacMillan, Douglas (September 16, 2015). "Google Backs Startup Oscar Health Insurance". Wall Street Journal. ISSN 0099-9660. from the original on September 17, 2015. Retrieved April 24, 2019.
- ^ Somerville, Heather (September 23, 2015). "Cyber security firm Zscaler closes $110 million round". Reuters. from the original on June 20, 2018. Retrieved April 24, 2019.
- ^ Carson, Biz (November 5, 2016). "Google's investment arm has quietly invested in Snapchat". Business Insider Australia. from the original on February 10, 2018. Retrieved April 23, 2019.
- ^ Hackett, Robert (January 28, 2016). "Google Capital Leads $75 Million Investment in Phone Fraud Startup". Fortune. from the original on April 15, 2019. Retrieved April 24, 2019.
- ^ Gooptu, Biswarup (March 22, 2016). "CarDekho raises undisclosed sum in fresh funding round led by Google Capital". The Economic Times. Retrieved April 24, 2019.
- ^ Merced, Michael J. de la (June 29, 2016). "Google Capital Ventures Into Public Companies With Care.com". The New York Times. ISSN 0362-4331. from the original on April 24, 2019. Retrieved April 24, 2019.
- ^ Hartmans, Avery (September 23, 2016). "Google just pumped a bunch of money into Airbnb". Business Insider Australia. from the original on October 9, 2018. Retrieved April 24, 2019.
- ^ Rey, Jason Del (November 25, 2016). "Stripe has raised $150 million more at a $9 billion valuation". Recode. from the original on April 1, 2019. Retrieved April 24, 2019.
- ^ "Google's CapitalG invests in edu startup Cuemath". The Economic Times. January 24, 2017. from the original on September 16, 2018. Retrieved December 4, 2017.
- ^ Magistretti, Bérénice (March 30, 2017). "Data analytics startup Looker raises $81.5 million led by Alphabet's CapitalG". VentureBeat. from the original on November 16, 2018. Retrieved April 24, 2019.
- ^ Newcomer, Eric (October 19, 2017). . Bloomberg.com. Archived from the original on April 23, 2019. Retrieved December 24, 2017.
- ^ Bhuiyan, Johana (October 19, 2017). . Recode.com. Archived from the original on October 20, 2017. Retrieved April 24, 2019.
- ^ "UiPath confirms $153M at $1.1B valuation from Accel, CapitalG and KP for its "software robots"". techcrunch.com. March 6, 2018.
- ^ Li, Pei; Jourdan, Adam (April 24, 2018). "Softbank, Google join $1.9 billion investment in China truck-hailing firm". Reuters. from the original on April 23, 2019. Retrieved April 23, 2019.
- ^ Lynley, Matthew (May 10, 2018). "Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round". TechCrunch. from the original on April 11, 2019. Retrieved April 24, 2019.
- ^ Gooptu, Biswarup (June 11, 2018). "AYE Finance lands Rs 147 crore from CapitalG and others". The Economic Times. from the original on April 23, 2019. Retrieved April 23, 2019.
- ^ Sawers, Paul (July 31, 2018). "Freshworks raises $100 million, at $1.5 billion valuation, from Sequoia, Accel, and CapitalG as it plans for IPO". VentureBeat. from the original on September 16, 2018. Retrieved December 18, 2019.
- ^ Clark, Kate (September 21, 2018). "On-demand trucking app Convoy raises $185M at $1B valuation". TechCrunch. from the original on April 23, 2019. Retrieved April 24, 2019.
- ^ Connelly, Jacquelyn (October 18, 2018). "Google's CapitalG Invests Nine Figures in Applied Systems". Independent Agent. from the original on April 24, 2019. Retrieved April 24, 2019.
- ^ Vanian, Jonathan (January 29, 2019). "Google Investment Arm Leads $100 Million Investment In Data Tech Firm Collibra". Fortune. from the original on March 8, 2019. Retrieved April 24, 2019.
- ^ "CarDekho raises $110 million to expand used car business". The Economic Times. January 3, 2019. Retrieved April 24, 2019.
- ^ "Software firm Cloudflare raises $150 million". Reuters. March 12, 2019. from the original on April 4, 2019. Retrieved March 21, 2019.
- ^ Sawers, Paul (November 13, 2019). "Convoy raises $400 million at $2.75 billion valuation to make freight trucking more efficient". VentureBeat. from the original on December 16, 2019. Retrieved December 18, 2019.
- ^ Miller, Ron (November 14, 2019). "Freshworks raises $150M Series H on $3.5B valuation". TechCrunch. from the original on December 14, 2019. Retrieved December 18, 2019.
- ^ Sawers, Paul (December 4, 2019). "Duolingo raises $30 million from Alphabet's CapitalG at $1.5 billion valuation". VentureBeat. from the original on December 5, 2019. Retrieved December 18, 2019.
- ^ Dillet, Romain (December 4, 2019). "Dataiku is now worth $1.4 billion following secondary round". TechCrunch. from the original on December 10, 2019. Retrieved December 18, 2019.
- ^ Halon, Eytan (January 7, 2020). "Israeli cyber firm Armis acquired for $1.1 billion by Insight Partners". The Jerusalem Post. from the original on September 18, 2020. Retrieved December 20, 2020.
- ^ Chowdhry, Amit (March 14, 2020). "Albert Closes $50 Million In Funding Led By Alphabet's CapitalG". Pulse 2.0. from the original on December 20, 2020. Retrieved December 20, 2020.
- ^ Miller, Ron (March 10, 2020). "Everlaw announces $62M Series C to continue modernizing legal discovery". TechCrunch. from the original on December 5, 2020. Retrieved December 20, 2020.
- ^ Musgrove, Annie (April 2, 2020). "Belgian data intelligence company Collibra doubles its unicorn valuation with new $112.5 million round". Tech.eu. from the original on April 8, 2020. Retrieved December 20, 2020.
- ^ Sawers, Paul (May 13, 2020). "CapitalG leads $50 million investment in managed cybersecurity provider Expel". VentureBeat. from the original on October 26, 2020. Retrieved December 20, 2020.
- ^ Singh, Manish (June 24, 2020). "Alphabet's CapitalG leads $27.5 million round in India's Aye Finance". TechCrunch. from the original on December 19, 2020. Retrieved December 20, 2020.
- ^ Orbach, Meir (September 23, 2020). "Google's CapitalG leads $250 million round for small business insurer Next Insurance". CalcalisTech. from the original on October 21, 2020. Retrieved December 12, 2020.
- ^ Shetti, Girish (December 8, 2020). "Online Math Learning startup CueMath raises $40 Mn Funding". TechPluto. from the original on December 9, 2020. Retrieved December 9, 2020.
External links edit
- Official website
- CapitalG on Index