CapitalG

Reviewed Updated Jun 3, 2026

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Location San Francisco, CA
Founded 2013
Fund Size $7B AUM; single LP (Alphabet); $4B+ deployed since inception
Website https://www.capitalg.com
Stage Focus
growth late-stage
Sector Focus
enterprise security fintech consumer ai data-infrastructure saas

Team

Laela Sturdy Managing Partner
Gene Frantz General Partner
Jill Chase General Partner
James Luo General Partner
Alex Nichols General Partner
Jesse Wedler General Partner
Derek Zanutto General Partner
Jane Alexander Partner
Mo Jomaa Partner

About

CapitalG is Alphabet’s independent growth fund, founded in 2013 by David Lawee, who previously served as Google’s Vice President of Corporate Development and before that as Google’s first Vice President of Marketing 12. The fund began operating in 2013 and was officially unveiled on February 19, 2014 2. Originally named Google Capital, the firm rebranded to CapitalG on November 4, 2016, following Alphabet’s corporate restructuring 23.

CapitalG has a single limited partner: Alphabet 4. This structure provides patient, long-term capital without the typical fund lifecycle constraints of traditional venture firms 4. The firm manages approximately $7 billion in assets under management and has deployed over $4 billion across approximately 55 companies since inception 51.

In March 2023, founder David Lawee retired after 17 years at Alphabet, and Laela Sturdy was named Managing Partner 1. Sturdy had joined CapitalG in 2013 and led some of the firm’s most consequential investments, including Stripe, UiPath, Duolingo, Webflow, and Whatnot 1. In January 2026, the firm promoted Jill Chase and Alex Nichols to General Partner, marking the first time CapitalG had promoted two GPs simultaneously since its founding 6.

CapitalG’s founding partners included Gene Frantz (formerly at TPG), Derek Zanutto (formerly at TPG, Hellman & Friedman, and GIC), and Jesse Wedler (who joined out of Stanford business school) 2. The firm typically invests $75 million to multiple hundreds of millions per company and maintains a concentrated portfolio of approximately 60 active companies 78. The firm has achieved 16 IPOs and over 20 acquisitions among its portfolio companies 8.

A distinctive feature of CapitalG’s model is access to Google and Alphabet’s operational expertise: over 3,500 Googlers have provided advisory support to portfolio companies, with more than 4,500 portfolio employees engaged through custom programs and over 1,200 portfolio engineers and data scientists completing ML/AI training 9.

Stated Thesis

CapitalG publicly describes its focus as investing in “companies that have established product market fit and are ready to scale” 4. The firm positions itself as guiding entrepreneurs “through the shift from start-up to scale-up,” leveraging in-house operators and Google advisors 9.

Managing Partner Laela Sturdy has stated that the founder is “first and foremost” in evaluating investments, looking for “amazing entrepreneurs who I deeply admire at companies where I felt like CapitalG and I could be great partners for them” 7. She has described their approach as looking for high engagement data as a signal: “When you look at companies like Stripe, UiPath or Whatnot, you see really high engagement data, and those are the ones that grow at disproportionately fast rates and get to profitability and hyper growth in an efficient way” 7.

The firm publicly identifies its investment areas as enterprise infrastructure, security, and data; fintech; and consumer services and marketplaces 4. CapitalG describes itself as a “patient capital holder” with “a track record of supporting our companies in follow-on rounds and through IPO” 4.

General Partner Jesse Wedler has described the firm as targeting companies “on the track to become, ironically, the next Google” 10.

Inferred Thesis

Based on 48 verified investments in the portfolio table below:

Stage distribution: CapitalG invests overwhelmingly at growth stage — Series B through Series F and beyond. Of 48 verified investments, at least 40 were at Series B or later (83%). The firm’s sweet spot appears to be Series C through Series E. This is consistent with their stated thesis as a growth fund, though they occasionally participate in earlier rounds (e.g., Freshworks Series D in 2014 when the company was still relatively early, and recent Series A investments like Duna in 2026).

Sector breakdown: Enterprise/B2B software dominates the portfolio. Of 48 verified investments: approximately 22 are enterprise software/SaaS (46%), 8 are security/cybersecurity (17%), 7 are fintech (15%), 6 are consumer/marketplace (13%), and 5 are data/AI infrastructure (10%). The security concentration is notable — CapitalG has invested in at least 5 security companies including CrowdStrike, Zscaler, Armis, Expel, and Salt Security 4. This security focus is not prominently featured in their public thesis statements.

Geographic concentration: Of 48 verified investments, at least 38 are US-based companies (79%). The firm has made select international investments including India (Freshworks, Practo, CarDekho, Cuemath), Europe (Monzo, Odoo, TeamSystem, Pennylane, Duna), and others. The firm states it invests globally 4, but the portfolio is heavily US-weighted.

Check size: Sturdy has stated they “typically invest anywhere from 75 to multiple hundreds of millions in each company” 7. Verified round sizes confirm this — CapitalG led or co-led Lyft’s $1B Series H (2017), Airbnb’s $555M Series F (2016), UiPath’s $225M Series C (2018), and CrowdStrike’s $200M Series E (2018). This is materially larger than most growth funds, enabled by Alphabet’s capital base.

Co-investor patterns: CapitalG frequently co-invests with Sequoia (UiPath Series C), Tiger Global (Credit Karma, Freshworks), General Catalyst (Stripe Series D), Accel (Freshworks), and DST Global (Robinhood). Their co-investor network skews toward large, established growth and crossover funds.

Notable gaps: Despite claiming to invest in “consumer services and marketplaces,” the portfolio skews heavily enterprise. Consumer investments (Airbnb, Lyft, Duolingo, Snap, Robinhood, Whatnot) are a minority. The firm does not prominently discuss healthcare in its thesis, but GP James Luo has identified it as a key area 8. The firm’s increasing AI focus (LangChain, Physical Intelligence, Baseten, Abridge) represents a significant recent strategic shift led by GP Jill Chase, who joined in 2020 “specifically with a thesis around AI” 6.

Portfolio

Company Stage Year Sector Status Source
SurveyMonkey Growth 2013 Enterprise/SaaS IPO (2018) 32
Credit Karma Series C 2014 Fintech Acquired (Intuit, 2020) 11
Freshworks Series D 2014 Enterprise/SaaS IPO (2021) 12
Duolingo Series D 2015 Consumer/EdTech IPO (2021) 13
SpaceX Growth 2015 Aerospace Active 33
Gusto Series B 2015 Fintech/HR Active 14
Zscaler Series D 2015 Security IPO (2018) 15
CrowdStrike Growth 2015 Security IPO (2019) 16
Snap Series F 2016 Consumer/Social IPO (2017) 17
Airbnb Series F 2016 Consumer/Marketplace IPO (2020) 18
Stripe Series D 2016 Fintech/Payments Active 19
Lyft Series H 2017 Consumer/Rideshare IPO (2019) 20
Robinhood Series D 2018 Fintech IPO (2021) 21
UiPath Series B 2018 Enterprise/RPA IPO (2021) 22
Oscar Growth 2015 Fintech/InsurTech IPO (2021) 34
Unqork Series B 2019 Enterprise/No-Code Active 35
Duolingo Series F 2019 Consumer/EdTech IPO (2021) 13
LendingClub Growth 2013 Fintech IPO 36
FanDuel Series E 2015 Consumer/Sports Acquired 37
Looker Series D 2017 Data/Analytics Acquired (Google, 2020) 38
Care.com PIPE 2016 Consumer/Marketplace Acquired 39
Glassdoor Growth 2015 Consumer/HR Acquired (Recruit, 2018) 40
Webflow Series B 2021 Enterprise/No-Code Active 23
Databricks Series G 2021 Data/AI Infrastructure Active 24
Chief Series B 2022 Enterprise/Community Active 41
AlphaSense Series D extension (led, $100M at $1.8B post-money; Goldman Sachs Asset Management and Viking Global Investors participated as existing investors; James Luo of CapitalG named investing partner) 2023-04-11 Enterprise/AI Active 256768
Whatnot Series C ($150M at $1.5B valuation; Andreessen Horowitz led as returning investor; YC Continuity returning; CapitalG new investor with Laela Sturdy quoted; angel investors Andre Iguodala, Logan Paul, Gokul Rajaram, Nilam Ganenthiran participated) 2021-09-16 Consumer/Marketplace Active 429596
Armis Pre-IPO ($435M at $6.1B valuation; Growth Equity at Goldman Sachs Alternatives led; Evolution Equity Partners new; CapitalG participated as major existing investor; Derek Zanutto of CapitalG has “repeatedly doubled down on the company” since 2019) 2025-11-05 Security Active 436566
Expel Series D 2020 Security Active 44
Cribl Series E 2024-08-27 Data/Infrastructure Active 45
Clio Series F 2024-07-23 Enterprise/LegalTech Active 46
Grafana Series D ext. 2024-08-21 Data/Infrastructure Active 47
Farther Series C ($72M co-led by CapitalG and Viewpoint Ventures at $542M post-money; Bessemer, Context, Cota, Khosla, Lightspeed, MassMutual Ventures, Moneta Venture Capital as existing investors) 2024-10-10 Fintech/WealthMgmt Active 268384
Odoo Secondary 2024-11-20 Enterprise/ERP Active 48
Monzo Growth (£340M / $430M led by CapitalG at $5B valuation; GV, HongShan Capital, Passion Capital, Tencent participated) 2024-03-05 Fintech/Banking Active 498586
DTEX Series E ($50M led by CapitalG; brought total funding to $138M; James Luo, CapitalG partner, joined board) 2024-03-05 Security Active 508990
Canva Growth (self-attributed on CapitalG portfolio page; initial CapitalG investment listed as 2025; not named as a direct investor in Canva’s disclosed primary rounds — likely acquired via secondary tender at $32B or $42B valuation in 2025) 2025 Enterprise/Design Active 697
Rippling Growth (self-attributed on CapitalG portfolio page; initial CapitalG investment listed as 2023; not named as direct investor in Rippling’s Series C-Series G primary press — likely secondary market participation) 2023 Enterprise/HR Active 698
LangChain Series B ($125M led by IVP at $1.25B valuation; CapitalG and Sapphire Ventures new; Sequoia, Benchmark, Amplify existing; ServiceNow Ventures, Workday Ventures, Cisco Investments, Datadog, Databricks, Frontline participated) 2025-10-20 AI/Infrastructure Active 518788
Abridge Series D (USD 250M co-led by Elad Gil and IVP; CapitalG, Bessemer, California Health Care Foundation, CVS Health Ventures, K. Ventures, Lightspeed, NVentures, Redpoint, Spark, SV Angel participated) 2025-02-17 AI/Healthcare Active 52747576
Baseten Series E ($300M at $5B valuation; co-led by IVP and CapitalG, both doubling down on prior positions; NVIDIA participated with $150M check; 01A, Altimeter, Battery Ventures, BOND, BoxGroup, Blackbird Ventures, Conviction, Greylock also participated) 2026-01-23 AI/Infrastructure Active 539394
Physical Intelligence Series B (USD 600M led by CapitalG at USD 5.6B post-money; Lux Capital, Bond, Redpoint, Sequoia Capital participated; Jeff Bezos, OpenAI, Thrive Capital, T. Rowe Price returned) 2025-11-20 AI/Robotics Active 27777879
OMNIA Partners Growth (CapitalG participated as new investor; amount undisclosed; joins existing backing from major private investment funds per PR Newswire; Alex Nichols, CapitalG Partner, quoted; deployed to accelerate OPUS e-commerce platform, SpendPath analytics, and CONNECT supplier portal) 2025-09-15 Enterprise/Procurement Active 289192
Base Power Series C (USD 1B at USD 4B post-money; Addition led; CapitalG, Ribbit, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, 1789 new; Trust Ventures, Valor Equity, Thrive, Lightspeed, a16z, Altimeter, StepStone, Elad Gil, 137 Ventures, Terrain, Waybury returned) 2025-10-08 Energy Active 546364
Lovable Series B (USD 330M co-led by CapitalG and Menlo Ventures Anthology fund at USD 6.6B valuation; NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, Accel, Creandum, Evantic participated) 2025-12-18 AI/DevTools Active 55808182
Duna Series A (€30M, CapitalG led; Index Ventures and Puzzle Ventures follow-on; Snowflake chairman Frank Slootman and Stripe/Adyen executive angels participated) 2026-02-05 Enterprise/Identity Active 296970
Bedrock Robotics Series B ($270M, CapitalG and Valor Atreides AI Fund co-led; Xora, 8VC, Eclipse, Emergence Capital, Perry Creek Capital, NVentures, Tishman Speyer, MIT, Georgian, Incharge Capital, C4 Ventures participated) 2026-02-04 AI/Robotics Active 27717273
nEye.ai Series C ($80M; Sutter Hill Ventures led) 2026-04-14 AI / Data Center / Optical Switching Active 565758
OpenRouter Series B (led, $113M at $1.3B val) 2026-05-26 AI / LLM Infrastructure Active 59
AlphaSense Series G ($350M at $7.5B val) 2026-06-03 Enterprise/AI Active 606162
K2 Space Series D ($500M at $6.8B valuation; Kleiner Perkins and ICONIQ co-led; CapitalG new participant alongside Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates) 2026-07-30 Aerospace / Satellites Active 99100101

This table represents approximately 48 verified investments. CapitalG’s total portfolio includes approximately 76 organizations per Crunchbase 30, so this table covers roughly 63% of known investments. Years marked with ~ are approximate, based on founding year proxies or portfolio page listing dates.

In Their Own Words

“We’ll typically invest anywhere from 75 to multiple hundreds of millions in each company and partner with them over the long haul.” — Laela Sturdy, Managing Partner, CapitalG website interview 7

“It ends up being a reasonably concentrated portfolio because we want to be in the world’s most consequential technology companies and to be able to partner with them deeply.” — Laela Sturdy, Managing Partner, CapitalG website interview 7

“First, it’s the founder, for sure. That is first and foremost.” — Laela Sturdy, Managing Partner, on evaluating investments, CapitalG website interview 7

“When you look at companies like Stripe, UiPath or Whatnot, you see really high engagement data, and those are the ones that grow at disproportionately fast rates and get to profitability and hyper growth in an efficient way.” — Laela Sturdy, Managing Partner, CapitalG website interview 7

“You have to be scrappier and more of a hustler than I think people realize. You have to find a way to get yourself into rooms that you weren’t invited to upfront.” — Laela Sturdy, Managing Partner, CapitalG website interview 7

“Investing is an apprenticeship business, so you need to learn as much as you can and put yourself in as many environments with steep learning curves as possible.” — Laela Sturdy, Managing Partner, CapitalG website interview 7

“Our whole team is going through pipeline building — which is funny. When someone says we’re pipeline building, you can tell that deal activity is slow.” — Jesse Wedler, General Partner, Fortune, December 2022 10

“Google Capital, like us, believes that the only path forward to solving the current and future security challenges will be driven from the cloud.” — George Kurtz, CEO of CrowdStrike, on CapitalG’s 2015 investment, CNBC 16

What Founders Say

Luis von Ahn, CEO and co-founder of Duolingo, stated upon the company’s 2019 Series F: “CapitalG has been a valuable partner to Duolingo over the past few years, and we look forward to using this investment to continue our growth and further solidify our position as the most widely used and top-grossing language learning app worldwide” 13.

CapitalG’s website features testimonials from portfolio company leaders, including one who stated: “They really have carte blanche within Google to find that one person and have that one person solve our problems. They actually bring a lot more to the table other than money. CapitalG is an invaluable partner” 9. Another portfolio company leader noted: “They provide customer introductions, 1:1 advising with product and engineering leaders, and incredible machine learning & engineering mentorship programs. We feel lucky to have them by our side” 9. A third stated: “I didn’t expect this level of support from an investor. CapitalG helped us end-to-end, from thinking about strategy and business models to deep dives with pricing experts” 9.

Robinhood’s team stated: “CapitalG provided our team with significant access to best-in-class experts from their organization and beyond. The ability to tap into and adapt from subject matter leaders enabled us to adopt efficient and productive working practices as we developed our long-term product roadmap” 31.

Note: The website testimonials above are from CapitalG’s own marketing materials and do not include individual attribution. No independently sourced founder testimonials with named attribution (beyond Luis von Ahn and the Robinhood team) were found through dedicated searching of social media, podcasts, and press coverage.

Sources

  1. CapitalG, “A New Era of Leadership for CapitalG,” accessed March 2026. https://www.capitalg.com/insights/a-new-era-of-leadership-for-capitalg↩↩↩↩

  2. Grokipedia, “CapitalG,” accessed March 2026. https://grokipedia.com/page/CapitalG↩↩↩↩

  3. CNN Money, “Google Capital is now an investor in Snapchat,” November 2016, accessed March 2026. https://money.cnn.com/2016/11/04/technology/google-snapchat-investment/index.html↩

  4. CapitalG, “FAQs,” accessed March 2026. https://www.capitalg.com/faqs/↩↩↩↩↩↩↩

  5. TechCrunch, “A peek inside Alphabet’s $7B growth-stage investing arm, CapitalG,” February 2024, accessed March 2026. https://techcrunch.com/2024/02/16/a-peek-at-how-things-work-today-inside-alphabets-7-billion-growth-stage-investing-arm-capitalg/↩

  6. Fortune, “Exclusive: Alphabet’s CapitalG names Jill Chase and Alex Nichols as general partners,” January 2026, accessed March 2026. https://fortune.com/2026/01/21/alphabet-capitalg-jill-chase-alex-nichols-general-partners/↩↩↩↩

  7. CapitalG, “Heart and Hustle: A Conversation with Managing Partner Laela Sturdy,” accessed March 2026. https://www.capitalg.com/insights/a-conversation-with-managing-partner-laela-sturdy↩↩↩↩↩↩↩↩↩↩

  8. CapitalG, “Reflections on 2024 — and a Peek at What Lies Ahead,” accessed March 2026. https://www.capitalg.com/insights/reflections-on-2024-and-a-peek-at-what-lies-ahead↩↩↩

  9. CapitalG, “About Us,” accessed March 2026. https://capitalg.com/about/↩↩↩↩↩

  10. Fortune, “How partners at Google parent Alphabet’s growth fund CapitalG are tackling the downturn,” December 2022, accessed March 2026. https://fortune.com/2022/12/13/how-partners-google-alphabet-growth-fund-capitalg-tackle-downturn/↩↩

  11. Credit Karma press release, “Credit Karma Announces $75MM in New Investments from Existing Investors Google Capital, Tiger Global Management and Susquehanna Growth Equity,” September 2014, accessed March 2026. https://www.creditkarma.com/about/releases/credit-karma-announces-75mm-in-new-investments-from-existing-investors↩

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  24. Databricks, “Databricks Raises $1 Billion Series G Investment at $28 Billion Valuation,” February 2021, accessed March 2026. https://www.databricks.com/company/newsroom/press-releases/databricks-raises-1-billion-series-g-investment-at-28-billion-valuation↩

  25. PR Newswire, “AlphaSense Raises $100M Led By Alphabet’s CapitalG to Fuel Innovation in AI and Market Intelligence,” 2023, accessed March 2026. https://www.prnewswire.com/news-releases/alphasense-raises-100m-led-by-alphabets-capitalg-to-fuel-innovation-in-ai-and-market-intelligence-301794245.html↩

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  47. Grafana Labs, “Grafana Labs Soars Past $250M ARR, Completes $270M Primary and Secondary Transaction,” August 2024, accessed April 2026. https://grafana.com/press/2024/08/21/grafana-labs-soars-past-250m-arr-and-5000-customers-completes-270m-primary-and-secondary-transaction-and-named-a-leader-in-the-gartner-magic-quadrant-for-observability-platforms/↩

  48. TechCrunch, “Riding high on open source ERP, Odoo raises $527M via secondaries, lifting its valuation to $5.26B,” November 2024, accessed April 2026. https://techcrunch.com/2024/11/20/riding-high-on-open-source-erp-odoo-raises-527m-via-secondaries-lifting-its-valuation-to-5-26b/↩

  49. CNBC, “British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.,” March 2024, accessed April 2026. https://www.cnbc.com/2024/03/05/uk-neobank-monzo-hits-5-billion-valuation-after-430-million-raise.html↩

  50. Business Wire, “DTEX Systems Raises $50M Led by Alphabet’s CapitalG to Disrupt Insider Risk Management Market Through AI-Enabled Innovations,” March 2024, accessed April 2026. https://www.businesswire.com/news/home/20240304157963/en/DTEX-Systems-Raises-50M-Led-by-Alphabets-CapitalG-to-Disrupt-Insider-Risk-Management-Market-Through-AI-Enabled-Innovations↩

  51. Fortune, “Exclusive: Early AI darling LangChain is now a unicorn with a fresh $125 million in funding,” October 2025, accessed April 2026. https://fortune.com/2025/10/20/exclusive-early-ai-darling-langchain-is-now-a-unicorn-with-a-fresh-125-million-in-funding/↩

  52. Tracxn, “Abridge Inc Funding Rounds & List of Investors,” accessed April 2026. https://tracxn.com/d/companies/abridge-inc/__Pa9JE2faVUirY8e07Tb0M33vLUKKRf0BPr2xbtBzrq8/funding-and-investors↩

  53. Business Wire, “Baseten Raises $300M at a $5B Valuation to Power a Multi-Model Future,” January 2026, accessed April 2026. https://www.businesswire.com/news/home/20260123035833/en/Baseten-Raises-$300M-at-a-$5B-Valuation-to-Power-a-Multi-Model-Future↩

  54. TechCrunch, “Base Power raises $1B to deploy home batteries everywhere,” October 2025, accessed April 2026. https://techcrunch.com/2025/10/08/base-power-raises-1b-to-deploy-home-batteries-everywhere/↩

  55. CNBC, “Nvidia and Alphabet VC arms back vibe coding startup Lovable at $6.6 billion valuation,” December 2025, accessed April 2026. https://www.cnbc.com/2025/12/18/google-and-n.html↩

  56. BusinessWire, “nEye.ai Secures $80 Million Series C to Scale Optical Circuit Switching for AI Infrastructure,” April 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260414407496/en/nEye.ai-Secures-$80-Million-Series-C-to-Scale-Optical-Circuit-Switching-for-AI-Infrastructure — Primary press release: $80M Series C led by Sutter Hill Ventures with CapitalG, M12, and Socratic Partners participating. ↩

  57. nEye.ai company website, accessed May 2026. https://www.neye.ai/ — Company-published confirmation of $80M Series C led by Sutter Hill Ventures on April 14, 2026; total funding raised to $152M. ↩

  58. TechStartups, “nEye.ai raises $80M to scale optical circuit switching for AI data centers,” April 14, 2026. Accessed May 2026. https://techstartups.com/2026/04/14/neye-ai-raises-80m-to-scale-optical-circuit-switching-for-ai-data-centers/ — Independent press confirmation listing CapitalG and M12 as Alphabet/Microsoft participants alongside Sutter Hill Ventures (lead) and Socratic Partners. ↩

  59. Axios Pro Rata, “OpenRouter raises $113M at $1.3B valuation led by CapitalG,” May 26, 2026. Accessed May 2026. https://www.axios.com/newsletters/axios-pro-rata — Confirms CapitalG led OpenRouter’s $113M Series B on May 26, 2026 at $1.3B valuation; Andreessen Horowitz and Menlo Ventures participated as follow-on investors. ↩

  60. AlphaSense press release, “AlphaSense Raises $350M at $7.5B Valuation, and Surpasses $600M in Annual Recurring Revenue,” June 3, 2026. Accessed June 2026. https://www.alpha-sense.com/press/alphasense-raises-350m-at-7-5b-valuation-and-surpasses-600m-in-annual-recurring-revenue/ — Confirms $350M round at $7.5B valuation led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management with CapitalG participating as an existing investor. ↩

  61. GlobeNewswire, “AlphaSense Raises $350M at $7.5B Valuation, and Surpasses $600M in Annual Recurring Revenue,” June 3, 2026. Accessed June 2026. https://www.globenewswire.com/news-release/2026/06/03/3305968/0/en/AlphaSense-Raises-350M-at-7-5B-Valuation-and-Surpasses-600M-in-Annual-Recurring-Revenue.html — Wire-distributed press release confirming June 3, 2026 announcement with CapitalG listed among existing investors. ↩

  62. FinSMEs, “AlphaSense Raises $350M, at $7.5B Valuation,” June 2026. Accessed June 2026. https://www.finsmes.com/2026/06/alphasense-raises-350m-at-7-5b-valuation.html — Independent press confirmation listing CapitalG, Goldman Sachs Alternatives, and Viking Global Investors as existing investors participating in the round. ↩

  63. BusinessWire, “Base Power Raises $1 Billion Series C to Build the Future of American Power,” company press release, October 8, 2025. Confirms $1B Series C led by Addition with CapitalG among new major investors alongside Ribbit, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789. Accessed July 8, 2026. https://www.businesswire.com/news/home/20251008106005/en/Base-Power-Raises-1-Billion-Series-C-to-Build-the-Future-of-American-Power↩

  64. Built In Austin, “Austin’s Base Power Raises $1B Series C, Announces New Factory,” October 8, 2025. Third independent source confirming CapitalG’s participation as a new investor. Accessed July 8, 2026. https://www.builtinaustin.com/articles/austins-base-power-raises-1-billion-series-c-funding-20251008↩

  65. TechCrunch, “Armis raises $435M pre-IPO round at $6.1B valuation after refusing M&A offers,” November 5, 2025. Accessed July 2026. https://techcrunch.com/2025/11/05/armis-raises-435m-pre-ipo-round-at-6-1b-valuation-after-refusing-ma-offers/ — Independent tier-1 press confirming $435M pre-IPO round on November 5, 2025 at $6.1B valuation; Growth Equity at Goldman Sachs Alternatives led; CapitalG participation confirmed; Evolution Equity Partners named as new investor. Armis CEO Yevgeny Dibrov targeting late 2026/early 2027 IPO after crossing $300M ARR. ↩

  66. Goldman Sachs Asset Management press release, “Cybersecurity Leader Armis Closes $435 Million at $6.1 Billion Valuation,” November 5, 2025. Accessed July 2026. https://am.gs.com/en-us/advisors/news/press-release/2025/armis — Primary source from the lead investor confirming $435M round at $6.1B valuation with CapitalG’s “major participation.” Includes Derek Zanutto (CapitalG) quote: “repeatedly doubled down on the company” since initial 2019 investment. ↩

  67. SiliconANGLE, “Market intelligence startup AlphaSense reels in $100M at $1.8B valuation,” April 11, 2023. Accessed July 2026. https://siliconangle.com/2023/04/11/market-intelligence-startup-alphasense-reels-100m-1-8b-valuation/ — Independent tier-1 tech press confirming April 11, 2023 announcement of $100M Series D extension led by CapitalG at $1.8B post-money valuation. Names Goldman Sachs Asset Management (growth equity business) and Viking Global Investors as existing investors participating; extends prior $225M Series D at $1.7B. ↩

  68. Crunchbase News, “Startup AlphaSense Snags $100M As AI Stays Hot; Alphabet’s CapitalG Invests,” April 11, 2023. Accessed July 2026. https://news.crunchbase.com/ai-robotics/alphasense-alphabet-capitalg-google/ — Third independent press confirmation of $100M Series D extension led by CapitalG on April 11, 2023; $1.8B post-money valuation; Goldman Sachs and Viking Global existing-investor participation. ↩

  69. Duna, “Duna raises €30mn Series A to redefine business identity for the internet,” company news, February 5, 2026. Accessed July 2026. https://duna.com/news/series-a — Primary source (company website). Confirms €30M Series A led by CapitalG on February 5, 2026 with Index Ventures and Puzzle Ventures participating; brings Duna total funding to over €40M following a €10.7M Seed round in May 2025. ↩

  70. TechCrunch, “Stripe alumni raise €30M Series A for Duna, backed by Stripe and Adyen execs,” February 4, 2026. Accessed July 2026. https://techcrunch.com/2026/02/04/stripe-alumni-raise-e30m-series-a-for-duna-backed-by-stripe-and-adyen-execs/ — Contemporaneous tier-1 tech press confirming €30M Series A led by CapitalG. Names Index Ventures and Puzzle Ventures as existing-investor participants, plus angel investors Snowflake chairman Frank Slootman, ex-Stripe CTO David Singleton, ex-Stripe COO Claire Hughes Johnson, ex-Stripe Global Chief Compliance Officer Michael Cocoman, Adyen CRCO Mariëtte Swart, and Adyen CFO Ethan Tandowsky. ↩

  71. PR Newswire, “Bedrock Robotics Raises $270 Million in Series B Funding to Accelerate the Future of Autonomous Construction,” February 4, 2026. Accessed July 2026. https://www.prnewswire.com/news-releases/bedrock-robotics-raises-270-million-in-series-b-funding-to-accelerate-the-future-of-autonomous-construction-302679014.html — Primary press release confirming $270M Series B co-led by CapitalG and Valor Atreides AI Fund on February 4, 2026 with participation from Xora, 8VC, Eclipse, Emergence Capital, Perry Creek Capital, NVentures (NVIDIA), Tishman Speyer, MIT, Georgian, Incharge Capital, and C4 Ventures. Round brings total funding above $350M following July 2025 stealth emergence with $80M in combined seed/Series A at a $1.75B valuation. ↩

  72. Robotics and Automation News, “Autonomous construction startup Bedrock Robotics raises $270 million in Series B funding,” February 5, 2026. Accessed July 2026. https://roboticsandautomationnews.com/2026/02/05/autonomous-construction-startup-bedrock-robotics-raises-270-million-in-series-b-funding/98626/ — Independent trade-press confirmation of Series B round; same investor set; notes November 2025 130-acre supervised-autonomy excavation deployment as commercial anchor. ↩

  73. FinSMEs, “Bedrock Robotics Raises $270M in Series B Funding,” February 2026. Accessed July 2026. https://www.finsmes.com/2026/02/bedrock-robotics-raises-270m-in-series-b-funding.html — Third independent press confirmation of $270M Series B co-led by CapitalG and Valor Atreides AI Fund. ↩

  74. Abridge press release, “Abridge Series D Announcement and More,” February 17, 2025. Accessed July 2026. https://www.abridge.com/press-release/series-d — Primary company announcement confirming USD 250M Series D on February 17, 2025 co-led by Elad Gil and IVP with participation from Bessemer Venture Partners, California Health Care Foundation, CapitalG, CVS Health Ventures, K. Ventures, Lightspeed Venture Partners, NVentures (NVIDIA’s venture capital arm), Redpoint Ventures, Spark Capital, and SV Angel. ↩

  75. BusinessWire, “Abridge Announces $250M Series D Investment and New Contextual Reasoning Engine to Streamline Clinical and Financial Workflows at the Point of Care,” February 17, 2025. Accessed July 2026. https://www.businesswire.com/news/home/20250217233814/en/Abridge-Announces-$250M-Series-D-Investment-and-New-Contextual-Reasoning-Engine-to-Streamline-Clinical-and-Financial-Workflows-at-the-Point-of-Care — Wire-distributed primary press release confirming February 17, 2025 announcement, USD 250M raised, Elad Gil and IVP co-leading with CapitalG among named participants. ↩

  76. MobiHealthNews, “Abridge secures $250M for core research and development,” February 17, 2025. Accessed July 2026. https://www.mobihealthnews.com/news/abridge-secures-250m-core-research-and-development — Independent healthcare trade press confirming February 17, 2025 announcement of USD 250M Series D co-led by Elad Gil and IVP with CapitalG explicitly named in the participant list. ↩

  77. The Robot Report, “Physical Intelligence raises $600M to advance robot foundation models,” November 2025. Accessed July 2026. https://www.therobotreport.com/physical-intelligence-raises-600m-advance-robot-foundation-models/ — Trade press primary source confirming USD 600M Series B led by CapitalG and Lux Capital at USD 5.6B post-money valuation announced November 20, 2025; Bond, Redpoint, and Sequoia Capital participated; Jeff Bezos, OpenAI, T. Rowe Price, and Thrive Capital named as returning investors. Includes quote from CapitalG partners Jill Greenberg Chase and Manmeet Gujral. ↩

  78. VCNewsDaily, “Physical Intelligence Banks $600 Million Funding,” November 24, 2025. Accessed July 2026. https://vcnewsdaily.com/physical-intelligence/venture-capital-funding/zhdspycjqm — Independent VC news source confirming USD 600M round led by Alphabet’s CapitalG at USD 5.6B valuation with Lux Capital, Thrive Capital, Jeff Bezos, Emergence, Index Ventures, and T. Rowe Price also participating. ↩

  79. AI Deals Index, “Physical Intelligence Raises $600M in Series B Round,” November 20, 2025. Accessed July 2026. https://aidealsindex.com/news/physical-intelligence-funding-2025-11-2 — Third independent source confirming Series B announcement on November 20, 2025 totaling USD 600M led by CapitalG. ↩

  80. Lovable company blog, “Lovable raises $330M to power the age of the builder,” December 18, 2025. Accessed July 2026. https://lovable.dev/blog/series-b — Primary company announcement confirming USD 330M Series B on December 18, 2025 at USD 6.6B valuation co-led by CapitalG and Menlo Ventures Anthology fund, with participation from NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures, HubSpot Ventures, Khosla Ventures, DST Global, EQT Growth, Kinship Ventures, and returning investors Accel, Creandum, and Evantic. Includes quote from CapitalG Managing Partner Laela Sturdy. ↩

  81. TechCrunch, “Vibe-coding startup Lovable raises $330M at a $6.6B valuation,” December 18, 2025. Accessed July 2026. https://techcrunch.com/2025/12/18/vibe-coding-startup-lovable-raises-330m-at-a-6-6b-valuation/ — Contemporaneous tier-1 tech press confirming December 18, 2025 announcement of USD 330M Series B at USD 6.6B valuation co-led by CapitalG and Menlo Ventures; 3.67x valuation jump from July 2025 Series A at USD 1.8B. ↩

  82. The SaaS News, “Lovable Raises $330M Series B at $6.6B Valuation,” December 2025. Accessed July 2026. https://www.thesaasnews.com/news/lovable-raises-330m-series-b-at-6-6b-valuation — Third independent press confirmation of USD 330M Series B co-led by CapitalG and Menlo Ventures Anthology Fund at USD 6.6B valuation with the full syndicate list matching Lovable’s own blog post. ↩

  83. PR Newswire, “Farther Secures $72 Million Series C from CapitalG and Viewpoint Ventures to Continue Revolutionizing Wealth Management,” October 10, 2024. Accessed July 2026. https://www.prnewswire.com/news-releases/farther-secures-72-million-series-c-from-capitalg-and-viewpoint-ventures-to-continue-revolutionizing-wealth-management-302273094.html — Primary press release: $72M Series C on October 10, 2024 co-led by CapitalG and Viewpoint Ventures at $542M post-money valuation; existing investors Bessemer, Context Ventures, Cota Capital, Khosla Ventures, Lightspeed, MassMutual Ventures, and Moneta Venture Capital participated. Total funding to date: over $118M. AUM crossed $5B (5x YoY). ↩

  84. Pulse 2.0, “Farther: Financial Advisory Firm Raises $72 Million (Series C) At $542 Million Valuation,” October 2024. Accessed July 2026. https://pulse2.com/farther-financial-advisory-firm-raises-72-million-series-c-at-542-million-valuation/ — Independent trade-press confirmation of $72M Series C co-led by CapitalG and Viewpoint Ventures at $542M post-money valuation. Farther surpassed $5B AUM; total raised: over $118M. ↩

  85. Monzo Community, “We’ve raised £340 million in new funding,” March 5, 2024. Accessed July 2026. https://community.monzo.com/t/we-ve-raised-340-million-in-new-funding/160844 — Primary company announcement: £340M ($430M) round on March 5, 2024 led by CapitalG at £4B post-money ($5B) valuation. Participants: GV (Google Ventures), HSG (HongShan Capital), Passion Capital (existing), Tencent (existing). Share price £14.41. ↩

  86. fintech.global, “Monzo secures $430m from CapitalG and others, valuation hits $5bn,” March 5, 2024. Accessed July 2026. https://fintech.global/2024/03/05/monzo-secures-430m-from-capitalg-and-others-valuation-hits-5bn/ — Independent contemporaneous fintech-press confirmation of the March 5, 2024 announcement: $430M led by CapitalG at $5B valuation; GV, HongShan Capital, Passion Capital, and Tencent participated. UK’s largest digital bank; profitable since March 2023; 9M+ retail customers and 400,000+ business accounts at announcement. ↩

  87. LangChain blog, “LangChain raises $125M to build the platform for agent engineering,” October 20, 2025. Accessed July 2026. https://www.langchain.com/blog/series-b — Primary company announcement: $125M Series B on October 20, 2025 at $1.25B valuation led by IVP with new investors CapitalG and Sapphire Ventures alongside existing investors Sequoia, Benchmark, and Amplify. Also participating: ServiceNow Ventures, Workday Ventures, Cisco Investments, Datadog Ventures, Databricks Ventures, and Frontline. Concurrent with LangChain/LangGraph 1.0 releases. ↩

  88. SiliconANGLE, “AI agent tooling provider LangChain raises $125M at $1.25B valuation,” October 20, 2025. Accessed July 2026. https://siliconangle.com/2025/10/20/ai-agent-tooling-provider-langchain-raises-125m-1-25b-valuation/ — Contemporaneous tier-1 tech-press confirmation: $125M Series B on October 20, 2025 at $1.25B valuation led by IVP and joined by Alphabet’s CapitalG. Additional participants include ServiceNow Ventures, Workday Ventures, Cisco Investments, Datadog, and Databricks. ↩

  89. Gunderson Dettmer, “DTEX Systems Announces $50M Series E Led by CapitalG,” March 5, 2024. Accessed July 2026. https://www.gunder.com/en/news-insights/client-news/dtex-systems-announces-dollar50m-series-e-led-by-capitalg — Transaction counsel confirmation of $50M Series E led by CapitalG on March 5, 2024. ↩

  90. VCNewsDaily, “DTEX Systems Completes $50M Series E Round,” March 2024. Accessed July 2026. https://www.vcnewsdaily.com/access/getarticle.php?aid=tlpvjzmgxm — Independent trade press confirming $50M Series E led by CapitalG on March 5, 2024; brought total funding to $138M. ↩

  91. Pulse 2.0, “OMNIA Partners: Investment Secured From CapitalG To Advance Group Purchasing Platform,” September 15, 2025. Accessed July 2026. https://pulse2.com/omnia-partners-investment-secured-from-capitalg-to-advance-group-purchasing-platform/ — Independent trade press confirming CapitalG’s September 15, 2025 investment in OMNIA Partners; amount undisclosed; supplements existing backing from major private investment funds. ↩

  92. FinSMEs, “OMNIA Partners Receives Investment from CapitalG,” September 2025. Accessed July 2026. https://www.finsmes.com/2025/09/omnia-partners-receives-investment-from-capitalg.html — Third independent press confirmation: September 15, 2025 investment date; deployed to accelerate OPUS, SpendPath analytics, and CONNECT supplier portal. ↩

  93. Baseten blog, “Announcing Baseten’s $300M Series E,” February 5, 2026 post announcing the January 23, 2026 round. Accessed August 2026. https://www.baseten.co/blog/announcing-baseten-s-300m-series-e/ — Company-side primary announcement: $300M Series E at $5B valuation “led by IVP and CapitalG, both doubling down on their investment in Baseten,” joined by 01A, Altimeter, Battery Ventures, BOND, BoxGroup, Blackbird Ventures, Conviction, Greylock and NVIDIA. Baseten’s third funding round within twelve months. ↩

  94. TechFundingNews, “Baseten nabs $300M from IVP, CapitalG to challenge Together AI in inference,” January 2026. Accessed August 2026. https://techfundingnews.com/baseten-raises-300m-5b-valuation-nvidia/ — Independent trade press confirmation of $300M Series E co-led by IVP and CapitalG at $5B valuation with $150M check from NVIDIA; Baseten annualized revenue run-rate climbed from ~$200M (late 2025) to ~$600M (Q1 2026 close). ↩

  95. Fenwick & West, “Fenwick Represents Whatnot in $150 Million Series C Financing,” September 16, 2021. Accessed August 2026. https://www.fenwick.com/insights/experience/fenwick-represents-whatnot-in-150-million-series-c-financing — Transaction counsel confirmation: $150M Series C on September 16, 2021 with Andreessen Horowitz + YC Continuity leading as returning investors and CapitalG as a named new investor, alongside angel investors Andre Iguodala, Logan Paul, Gokul Rajaram, and Nilam Ganenthiran. Round brought Whatnot’s total funding to $225M. ↩

  96. SGB Online, “Whatnot Raises $150 Million In Funding,” September 20, 2021. Accessed August 2026. https://sgbonline.com/whatnot-raises-150-million-in-funding/ — Independent trade-press confirmation of the $150M Series C at $1.5B valuation with Andreessen Horowitz as returning lead, YC Continuity returning, and CapitalG as a new investor. ↩

  97. CapitalG portfolio page for Canva, accessed August 2026. https://www.capitalg.com/portfolio/canva — CapitalG’s own portfolio listing shows “Initial Investment: 2025.” Canva’s primary 2025 rounds (August 2025 $42B secondary tender offer led by Fidelity, JP Morgan; and earlier $32B / $26B secondary rounds in 2024) do NOT name CapitalG in contemporaneous primary press (Fortune, Bloomberg, Canva newsroom, SiliconANGLE). Attribution rests on CapitalG’s self-listing plus Fortune (2026-01-21) coverage of GP Jill Chase — an aggregator/self-attribution pattern. ↩

  98. CapitalG portfolio page for Rippling, accessed August 2026. https://www.capitalg.com/portfolio/rippling — CapitalG’s own portfolio listing shows “Initial Investment: 2023.” Rippling’s contemporaneous Series C (October 2021, Sequoia-led), Series D (May 2022, Kleiner Perkins + Bedrock co-led), Series E (March 17, 2023, Greenoaks-led at $11.25B), Series F (April 22, 2024, Coatue-led at $13.5B), and Series G (May 9, 2025, Founders Fund-led at $16.8B) primary press coverage (Rippling.com blog, TechCrunch, Built In SF, Crunchbase News) does NOT name CapitalG as a direct investor in any round. Attribution rests on CapitalG’s self-listing plus Fortune (2026-01-21) coverage of GP Jill Chase — an aggregator/self-attribution pattern typical of secondary-market or non-lead participation. ↩

  99. PR Newswire, “K2 Space Raises $500M Series D at $6.8B Valuation to Scale Large, High-Power Satellites,” July 30, 2026, accessed August 2026. https://www.prnewswire.com/news-releases/k2-space-raises-500m-series-d-at-6-8b-valuation-to-scale-large-high-power-satellites-302838793.html — Primary company press release confirming July 30, 2026 announcement of $500M Series D at $6.8B post-money valuation co-led by Kleiner Perkins and ICONIQ with participation from CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, T. Rowe Price Associates, and other existing investors. ↩

  100. Bloomberg, “Satellite Startup K2 Space Raises $500 Million at $6.8 Billion Value,” July 30, 2026, accessed August 2026. https://www.bloomberg.com/news/articles/2026-07-30/iconiq-backs-satellite-startup-k2-space-at-6-8-billion-value — Tier-1 press confirmation of July 30, 2026 $500M Series D at $6.8B post-money valuation co-led by Kleiner Perkins and ICONIQ with CapitalG among named participants. ↩

  101. Payload Space, “K2 Space Raises $500M Series D at $6.8B Valuation,” July 30, 2026, accessed August 2026. https://payloadspace.com/k2-space-raises-500m-series-d-at-6-8b-valuation/ — Independent space-industry trade press confirmation of Kleiner Perkins + ICONIQ co-led round with CapitalG, Lightspeed, Altimeter, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates participating. ↩