CapitalG

Last updated

CapitalG
FormerlyGoogle Capital
Type Subsidiary
Industry Venture capital
Founded2013;10 years ago (2013) (as Google Capital)
Headquarters
San Francisco, California, U.S.
Parent Google (2013–2015)
Alphabet Inc. (2015–present)
Website capitalg.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]

Contents

History

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

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

DateCompanyIndustryRefs
UnknownMultiPlanHealthcare [11]
January 2013 SurveyMonkey Survey tool [12] [13]
May 2013 LendingClub Finance [13] [14]
February 2014 Renaissance Education [13]
March 2014Auction.comReal estate [15]
March 2014 Credit Karma Finance [16]
June 2014FreshdeskBusiness software [17]
July 2014 MapR Business software [18]
August 2014 Thumbtack Service marketplace [19]
September 2014InnoLightData center optics [20]
September 2014Credit KarmaFinance [21]
January 2015 Glassdoor Job platform [22]
January 2015 CommonFloor Real estate [23]
April 2015 ZenPayroll Payroll and employee management [24]
April 2015 [lower-alpha 1] FreshdeskBusiness software [25]
June 2015 Duolingo Language education [26]
July 2015 Crowdstrike Cybersecurity [27]
July 2015 FanDuel Fantasy sport [28]
August 2015PractoHealthcare [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 2016CarDekhoCar 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 2018ManbangTransportation [43]
May 2018 Robinhood Personal finance [44]
June 2018Aye FinanceFinance [45]
July 2018 [lower-alpha 2] Freshworks Business software [46]
September 2018 Convoy Trucking technology [47]
October 2018AppliedInsurance software [48]
January 2019 Collibra  [ nl ]Data intelligence [49]
January 2019 [lower-alpha 1] CarDekhoCar marketplace [50]
March 2019 Cloudflare Web performance and security [51]
October 2019UnqorkSoftware development[ citation needed ]
October 2019 [lower-alpha 1] Convoy Trucking technology [52]
November 2019 [lower-alpha 3] FreshworksBusiness software [53]
December 2019 [lower-alpha 1] Duolingo Language education [54]
December 2019 Dataiku Data science software [55]
January 2020ArmisCybersecurity [56]
March 2020AlbertFinance [57]
March 2020Everlaw Electronic discovery [58]
April 2020 [lower-alpha 1] CollibraData intelligence [59]
May 2020ExpelCybersecurity [60]
June 2020 [lower-alpha 1] Aye FinanceFinance [61]
August 2020 [lower-alpha 1] DataikuData science software[ citation needed ]
September 2020 NEXT Insurance Insurance [62]
December 2020 [lower-alpha 1] Cuemath Education [63]
  1. 1 2 3 4 5 6 7 8 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

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.

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