Draper Fisher Jurvetson

Last updated
Draper Fisher Jurvetson
Company type Private ownership
Industry Venture capital
Founded1985
Founder Tim Draper
Headquarters Menlo Park, California, United States
Products Investments
Total assets $5 billion
Website www.dfj.com

Draper Fisher Jurvetson (DFJ Growth) is an American venture capital firm. Founded in 1985 by Tim Draper, DFJ Growth is headquartered in Menlo Park, California.

Contents

History

DFJ was founded in 1985 by Tim Draper. John Fisher became a partner in 1991 and Steve Jurvetson joined in 1994. [1] [2] [3] In 2013, Draper announced his departure from DFJ. [4] Draper announced he will continue investing out of an early stage venture fund Draper Associates V and assisting his son in running an incubator.[ citation needed ]

The DFJ Network was renamed the Draper Venture Network in 2015 and was operated by Draper. [5]

In November 2017, Jurvetson stepped down from his position at DFJ after allegations of sexual harassment. [6]

In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. [7]

DFJ Growth’s fourth fund of nearly $1 billion closed in 2021. [8]

In May 2025, DFJ Growth raised $1.2 billion for its fifth fund. [9]

DFJ Growth's investments have included Anaplan, [10] Coinbase, [9] [11] [12] Cylance, [13] Ring, [9] [14] Sisense, [15] [16] SpaceX, [17] [18] Tesla, [19] Twitter, [9] [19] Unity, [20] and Yammer. [17] [21]

References

  1. TrueBridge Capital (April 15, 2015). "The Investors Behind The Next Billion Dollar Startups". Forbes. Retrieved 2020-01-12.
  2. Venture firm DFJ denies report that co-founders Tim Draper and John Fisher are on the way out
  3. Deborah Perry Piscione (April 2, 2013). Secrets of Silicon Valley: What Everyone Else Can Learn from the Innovation Capital of the World. Palgrave Macmillan. pp. 129–. ISBN   978-1-137-32421-4.
  4. "Exclusive: Tim Draper is leaving DFJ". Fortune. November 19, 2013. Retrieved 2020-01-12.
  5. "Under Tim Draper, Draper Network Extends Reach, Eyes New Funding Model". TechCrunch. November 19, 2015. Retrieved 2020-01-12.
  6. Schleifer, Theodore (2017-11-13). "Steve Jurvetson is out at his own venture capital firm after allegations of sexual harassment". Recode. Retrieved 2020-01-12.
  7. "Venture capital firm Draper Fisher Jurvetson changes its name to Threshold Ventures". Axios. May 13, 2014. Retrieved 2020-01-12.
  8. "DFJH Growth Closes 1BN Growth Fund Hires Justin Kao as Partner". Alt Assets. October 15, 2021. Retrieved 2024-01-22.
  9. 1 2 3 4 All Garfinkle. "Two decades in, DFJ Growth raises $1.2 billion for its fifth fund and doubles down on the long game". Fortune. Retrieved September 6, 2025.
  10. "Anaplan Gets $100 Million in Round Led by DFJ To Expand". Bloomberg. May 13, 2014. Retrieved September 6, 2025.
  11. "Coinbase raises $75 million in largest-ever VC round for Bitcoin company". Fortune. January 20, 2015. Retrieved 2020-01-12.
  12. Ari Levy (April 14, 2021). "Here's who just got rich from the Coinbase debut". CNBC. Retrieved September 6, 2025.
  13. "Cybersecurity Startup Cylance Raises $42 Million in Series C Round of Funding". Fortune. July 28, 2015. Retrieved 2020-01-12.
  14. "Connected doorbell startup Ring raises $109 million from DFJ, Goldman Sachs, Qualcomm, others". VentureBeat. 2017-01-25. Retrieved 2020-01-12.
  15. "SiSense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch. June 12, 2014. Retrieved 2020-01-12.
  16. Rick Whiting (January 10, 2020). "Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap". CRN. Retrieved September 6, 2025.
  17. 1 2 Patience Haggin (April 20, 2017). "DFJ Growth Closes Third Fund With $535 Million". Wall Street Journal. Retrieved September 6, 2025.
  18. "Randy Glein of DFJ Growth On Today's Crazy Late-Stage Market". TechCrunch. December 17, 2015. Retrieved 2020-01-12.
  19. 1 2 "Forbes Profile: Randy Glein". Forbes. 2018.
  20. "Unity raises $181M monster round at a reported $1.5B valuation". TechCrunch. July 13, 2016. Retrieved 2020-01-12.
  21. "Yammer Raises $85 Million in Financing Round Led by DFJ Growth". Microsoft 365 Blog. 2012-02-29. Retrieved 2020-01-12.