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CapitalG

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CapitalG
FormerlyGoogle Capital
Company typeSubsidiary
IndustryVenture capital
Founded2013; 11 years ago (2013) (as Google Capital)
Headquarters
San Francisco, California, U.S.
ParentGoogle (2013–2015)
Alphabet Inc. (2015–present)
Websitecapitalg.com

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]

History

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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

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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

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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 [nl] 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]
  1. ^ a b c d e f g h Second investment in the company by CapitalG
  2. ^ Third investment in the company by CapitalG
  3. ^ Fourth investment in the company by CapitalG

Relationship to GV

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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

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  1. ^ "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved March 5, 2022. (file no. 5324444)
  2. ^ "Privacy Policy". Capital G. Retrieved March 6, 2023.
  3. ^ a b Reilly, Richard Byrne (February 20, 2014). "Google Capital: Meet the $300 million cousin to Google Ventures". VentureBeat. Archived from the original on July 5, 2018. Retrieved April 25, 2019.
  4. ^ a b c d Bergen, Mark (December 21, 2015). "Meet Google Capital, the Investing Arm With the Keys to the Googleplex Kingdom". Recode. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  5. ^ Miners, Zach (May 22, 2013). "Google launching new fund for later-stage tech investments". PCWorld. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  6. ^ Sawers, Paul (February 19, 2014). "Google Capital Officially Launches Today". The Next Web. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
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  12. ^ Swisher, Kara (January 16, 2013). "SurveyMonkey Raises $800 Million in Debt and Equity for Tender Offer". All Things Digital. Archived from the original on January 18, 2013. Retrieved August 12, 2015.
  13. ^ 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. Archived from the original on November 5, 2018. Retrieved April 24, 2019.
  14. ^ Merced, Michael J. de la (May 2, 2013). "Lending Web Site Gains a Shareholder in Google". DealBook. The New York Times. Archived from the original on January 27, 2019. Retrieved April 24, 2019.
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  16. ^ Shieber, Jonathan (March 12, 2014). "Credit Karma Confirms New $85M Financing Round Led By Google Capital". TechCrunch. Archived from the original on April 24, 2019. Retrieved August 12, 2015.
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  19. ^ Ha, Anthony (August 20, 2014). "Service Marketplace Thumbtack Raises $100M Round Led By Google Capital". TechCrunch. Archived from the original on February 26, 2019. Retrieved April 24, 2019.
  20. ^ Cheung, Sonja (September 29, 2014). "Google Capital Makes First China Investment, Backs InnoLight". The Wall Street Journal. Archived from the original on September 30, 2014. Retrieved August 12, 2015.
  21. ^ Perez, Sarah (September 30, 2014). "Free Consumer Credit Monitoring Company Credit Karma Raises $75M, Now Valued At Over $1 Billion". TechCrunch. Archived from the original on August 12, 2020. Retrieved December 20, 2020.
  22. ^ Lardinois, Frederic (January 6, 2015). "Glassdoor Closes $70M Funding Round Led By Google Capital And Tiger Global". TechCrunch. Archived from the original on February 26, 2019. Retrieved April 24, 2019.
  23. ^ Shu, Catherine (January 8, 2015). "Google Capital Invests In Indian Real-Estate Platform CommonFloor". TechCrunch. Archived from the original on April 24, 2019. Retrieved August 12, 2015.
  24. ^ Huet, Ellen (April 6, 2015). "ZenPayroll Scoops Up $60 Million Funding Round Led By Google Capital". Forbes. Archived from the original on November 1, 2015. Retrieved August 12, 2015.
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  28. ^ O'Hear, Steve (July 14, 2015). "Fantasy Sports Company FanDuel Raises $275M Series E, Confirms $1B Valuation". TechCrunch. Archived from the original on December 3, 2018. Retrieved April 24, 2019.
  29. ^ Russell, Jon (August 6, 2015). "Indian Health Search Portal Practo Lands $90M Led By Tencent For Global Expansion". TechCrunch. Archived from the original on December 1, 2018. Retrieved April 24, 2019.
  30. ^ MacMillan, Douglas (September 16, 2015). "Google Backs Startup Oscar Health Insurance". Wall Street Journal. ISSN 0099-9660. Archived from the original on September 17, 2015. Retrieved April 24, 2019.
  31. ^ Somerville, Heather (September 23, 2015). "Cyber security firm Zscaler closes $110 million round". Reuters. Archived from the original on June 20, 2018. Retrieved April 24, 2019.
  32. ^ Carson, Biz (November 5, 2016). "Google's investment arm has quietly invested in Snapchat". Business Insider Australia. Archived from the original on February 10, 2018. Retrieved April 23, 2019.
  33. ^ Hackett, Robert (January 28, 2016). "Google Capital Leads $75 Million Investment in Phone Fraud Startup". Fortune. Archived from the original on April 15, 2019. Retrieved April 24, 2019.
  34. ^ Gooptu, Biswarup (March 22, 2016). "CarDekho raises undisclosed sum in fresh funding round led by Google Capital". The Economic Times. Retrieved April 24, 2019.
  35. ^ Merced, Michael J. de la (June 29, 2016). "Google Capital Ventures Into Public Companies With Care.com". The New York Times. ISSN 0362-4331. Archived from the original on April 24, 2019. Retrieved April 24, 2019.
  36. ^ Hartmans, Avery (September 23, 2016). "Google just pumped a bunch of money into Airbnb". Business Insider Australia. Archived from the original on October 9, 2018. Retrieved April 24, 2019.
  37. ^ Rey, Jason Del (November 25, 2016). "Stripe has raised $150 million more at a $9 billion valuation". Recode. Archived from the original on April 1, 2019. Retrieved April 24, 2019.
  38. ^ "Google's CapitalG invests in edu startup Cuemath". The Economic Times. January 24, 2017. Archived from the original on September 16, 2018. Retrieved December 4, 2017.
  39. ^ Magistretti, Bérénice (March 30, 2017). "Data analytics startup Looker raises $81.5 million led by Alphabet's CapitalG". VentureBeat. Archived from the original on November 16, 2018. Retrieved April 24, 2019.
  40. ^ Newcomer, Eric (October 19, 2017). "Alphabet Unit Leads $1 Billion Investment in Lyft". Bloomberg.com. Archived from the original on April 23, 2019. Retrieved December 24, 2017.
  41. ^ Bhuiyan, Johana (October 19, 2017). "Alphabet is leading a $1 billion round in Lyft that values the company at $11 billion". Recode.com. Archived from the original on October 20, 2017. Retrieved April 24, 2019.
  42. ^ "UiPath confirms $153M at $1.1B valuation from Accel, CapitalG and KP for its "software robots"". techcrunch.com. March 6, 2018.
  43. ^ Li, Pei; Jourdan, Adam (April 24, 2018). "Softbank, Google join $1.9 billion investment in China truck-hailing firm". Reuters. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
  44. ^ Lynley, Matthew (May 10, 2018). "Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round". TechCrunch. Archived from the original on April 11, 2019. Retrieved April 24, 2019.
  45. ^ Gooptu, Biswarup (June 11, 2018). "AYE Finance lands Rs 147 crore from CapitalG and others". The Economic Times. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
  46. ^ 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. Archived from the original on September 16, 2018. Retrieved December 18, 2019.
  47. ^ Clark, Kate (September 21, 2018). "On-demand trucking app Convoy raises $185M at $1B valuation". TechCrunch. Archived from the original on April 23, 2019. Retrieved April 24, 2019.
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  51. ^ "Software firm Cloudflare raises $150 million". Reuters. March 12, 2019. Archived from the original on April 4, 2019. Retrieved March 21, 2019.
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  53. ^ Miller, Ron (November 14, 2019). "Freshworks raises $150M Series H on $3.5B valuation". TechCrunch. Archived from the original on December 14, 2019. Retrieved December 18, 2019.
  54. ^ Sawers, Paul (December 4, 2019). "Duolingo raises $30 million from Alphabet's CapitalG at $1.5 billion valuation". VentureBeat. Archived from the original on December 5, 2019. Retrieved December 18, 2019.
  55. ^ Dillet, Romain (December 4, 2019). "Dataiku is now worth $1.4 billion following secondary round". TechCrunch. Archived from the original on December 10, 2019. Retrieved December 18, 2019.
  56. ^ Halon, Eytan (January 7, 2020). "Israeli cyber firm Armis acquired for $1.1 billion by Insight Partners". The Jerusalem Post. Archived from the original on September 18, 2020. Retrieved December 20, 2020.
  57. ^ Chowdhry, Amit (March 14, 2020). "Albert Closes $50 Million In Funding Led By Alphabet's CapitalG". Pulse 2.0. Archived from the original on December 20, 2020. Retrieved December 20, 2020.
  58. ^ Miller, Ron (March 10, 2020). "Everlaw announces $62M Series C to continue modernizing legal discovery". TechCrunch. Archived from the original on December 5, 2020. Retrieved December 20, 2020.
  59. ^ Musgrove, Annie (April 2, 2020). "Belgian data intelligence company Collibra doubles its unicorn valuation with new $112.5 million round". Tech.eu. Archived from the original on April 8, 2020. Retrieved December 20, 2020.
  60. ^ Sawers, Paul (May 13, 2020). "CapitalG leads $50 million investment in managed cybersecurity provider Expel". VentureBeat. Archived from the original on October 26, 2020. Retrieved December 20, 2020.
  61. ^ Singh, Manish (June 24, 2020). "Alphabet's CapitalG leads $27.5 million round in India's Aye Finance". TechCrunch. Archived from the original on December 19, 2020. Retrieved December 20, 2020.
  62. ^ Orbach, Meir (September 23, 2020). "Google's CapitalG leads $250 million round for small business insurer Next Insurance". CalcalisTech. Archived from the original on October 21, 2020. Retrieved December 12, 2020.
  63. ^ Shetti, Girish (December 8, 2020). "Online Math Learning startup CueMath raises $40 Mn Funding". TechPluto. Archived from the original on December 9, 2020. Retrieved December 9, 2020.
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