GV (Google Ventures)
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Team
About
GV (formerly Google Ventures) is a venture capital arm of Alphabet Inc., launched on September 1, 2009, during the Great Financial Crisis 12. The firm was originally led by Rich Miner and Bill Maris as managing directors 1. In 2015, the firm rebranded from Google Ventures to GV as part of Google’s restructuring into Alphabet 2. Alphabet serves as GV’s sole limited partner 12.
GV launched with an initial capital commitment of $60 million in 2009 2. By 2019, the firm managed $5 billion in assets; by 2024, that figure had more than doubled to over $10 billion 1. As of 2024, GV manages over $13 billion in assets and supports approximately 400 active portfolio companies across North America, Europe, and Israel 2. The firm deploys approximately $1 billion annually in new and follow-on investments, adding roughly 50 new portfolio companies per year since 2020 1.
GV has produced over 80 IPOs and more than 230 M&A exits 2. The firm maintains offices in the San Francisco Bay Area (headquarters), New York, Cambridge, and London 2.
David Krane, Google employee #84 who joined in 2000, serves as CEO and Managing Partner 1. Krishna Yeshwant, a physician and programmer who has been with GV since its inception, serves as Managing Partner and co-leads the life sciences practice 13.
Stated Thesis
GV describes itself as operating independently from Google, emphasizing that it is not a strategic corporate venture arm 1. The firm invests across a broad range of stages and sectors, with a stated emphasis on backing founders building transformative companies.
Dave Munichiello, Managing Partner, has stated GV’s AI investment approach: “We’re not investing in foundation models… We’re going to stay at the application layer and infrastructure” 1. This positions GV as focused on AI-native applications rather than competing with Alphabet’s own foundation model efforts.
Tom Hulme, Managing Partner based in London, has emphasized GV’s structural flexibility: “We have the ability to invest in anything… and we have the structure that enables us to adapt” 1.
GV operates with a stated 300-year investment time horizon, an unconventional framework compared to the typical 10-year venture fund cycle, enabled by having Alphabet as a permanent sole LP 1. David Schenkein, General Partner leading life sciences, has noted: “The kind of companies I’m interested in are going to take longer to mature than many venture funds can tolerate” 1.
Inferred Thesis
Based on GV’s verified portfolio and public data:
Stage distribution: GV invests across all stages. According to Tracxn data, the firm has made 212 investments at seed stage (average round size $4.57M), 223 at Series A ($29.1M average), and 149 at Series B ($52.8M average) 4. Typical check sizes range from $500,000 to $10 million 4.
Sector focus: GV’s portfolio spans five primary areas: AI/machine learning, life sciences and healthcare, enterprise software, consumer, and frontier technology 25. The firm has backed 50+ companies building AI-native applications 4. Life sciences is a distinctive area of focus, with investments in therapeutics, diagnostics, and healthcare delivery 3.
Geographic concentration: Primarily North America, with expanding presence in Europe (through the London office) and Israel 2.
Notable pattern — willingness to invest in Alphabet competitors: GV notably invests in companies that compete with Google products, including Thinking Machines Lab (led by Mira Murati, competing with Gemini) at a $2B seed round at $12B valuation 5. This distinguishes GV from typical corporate venture arms that avoid competitive conflicts.
Co-investor patterns: As one of the largest venture firms by AUM, GV frequently co-invests with top-tier firms across stages.
Structural advantage: The permanent capital structure (single LP, no fund lifecycle) allows GV to hold investments longer than traditional venture funds and to invest in sectors like life sciences and deep tech that require extended time horizons 1.
Portfolio
| Company | Stage | Year | Sector | Status |
|---|---|---|---|---|
| Uber | Series C | 2013 | Consumer/Mobility | IPO 1 |
| Nest | Early | ~2012 | Consumer Hardware | Acquired by Google ($3.2B) 1 |
| Slack | Early | ~2014 | Enterprise | IPO 2 |
| GitLab | Growth | ~2018 | Developer Tools | IPO 2 |
| Duo Security | Series A (led, $5M) | 2012-02-28 | Cybersecurity | Acquired by Cisco 2018 (~$2.35B) 21718 |
| Flatiron Health | Early | ~2013 | Healthcare | Acquired by Roche ($1.9B) 1 |
| One Medical | Early | ~2013 | Healthcare | IPO / Acquired by Amazon 2 |
| Stripe | Growth | ~2019 | Fintech | Private 2 |
| Lemonade | Early | ~2016 | Insurtech | IPO 2 |
| Verve Therapeutics | Early | ~2019 | Life Sciences | Public 2 |
| Harvey | Growth | ~2024 | Legal AI | Private ($5B valuation) 5 |
| OpenEvidence | Series B (co-led, $210M) | 2025-07-15 | Healthcare AI | Private ($3.5B valuation) 5131415 |
| Synthesia | Growth | ~2023 | Generative Video | Private 5 |
| Modular | Seed | ~2022 | AI Infrastructure | Private 5 |
| Snorkel AI | Early | ~2020 | AI/ML | Private 5 |
| Cribl | Series E | ~2023 | Data Infrastructure | Private 1 |
| Thinking Machines Lab | Seed | ~2025 | AI Foundation Model | Private ($12B valuation) 5 |
| PostHog | Early | ~2020 | Developer Tools | Private (Unicorn 2025) 4 |
| Cockroach Labs | Early | ~2017 | Data Infrastructure | Private 2 |
| Wealth.com | Series B (participated; $65M oversubscribed) | 2026-04-16 | Fintech / Wealthtech | Private 62021 |
| Iterative Health | Series C | 2026-04-30 | Healthcare / Clinical Trials AI | Private 7 |
| Sierra | Series E (co-led with Tiger Global) | 2026-05-04 | AI / Customer Service | Private 8910 |
| MOTHER.Tech | Seed (led) | 2026-05-05 | AI / Creator Economy | Private 1112 |
| Nectar Social | Series A (participated; previously led Seed) | 2026-05-14 | AI / MarTech / Social Commerce | Private 16 |
| Flick | Seed (participated; True Ventures led) | 2026-05-14 | AI / Filmmaking | Private 19 |
| MokN | Series A (led, €12.9M / $15M) | 2026-05-28 | Cybersecurity / Credential Theft / Identity | Private 22 |
This table represents a small fraction of GV’s 400+ active portfolio companies. The firm has made approximately 745 investments over 17 years 4.
In Their Own Words
“GV is a place where we can have 30 people going in 30 different directions, investing in 30 different things.” — Dave Munichiello, Managing Partner, Crunchbase News interview, 2024 5
“In 2009, it really didn’t feel like it was going to work… It wasn’t obvious and felt like a real risk in 2009, 10 and 11.” — Krishna Yeshwant, Managing Partner, Fortune interview, September 2024 1
“I knew he was going to raise a lot of money in that round” — David Krane, CEO & Managing Partner, on Uber’s Series C in 2013, Fortune interview, September 2024 1
“We have not seen talent move as frequently at the foundation model level as the amount we’re seeing at the moment.” — Tom Hulme, Managing Partner, on AI talent dynamics, Crunchbase News interview, 2024 5
What Founders Say
No independently sourced founder testimonials found.
Sources
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Fortune, “Inside Google Ventures’ first 15 years — and its plans for the next 300,” September 20, 2024. https://fortune.com/2024/09/20/inside-google-ventures-15-years-startup-investing/↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩
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GV website, “About GV,” accessed March 2026. https://www.gv.com/about↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩
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GV website, “Team,” accessed March 2026. https://www.gv.com/team↩↩
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Tracxn, “Google Ventures — 2026 Investor Profile,” accessed March 2026. https://tracxn.com/d/venture-capital/google-ventures/__KCopzcGnI6gw2XIpBQRF0eQrZKBzn2fQfqj1a2H3SfU↩↩↩↩↩
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Crunchbase News, “GV Bets Big On ‘AI Magic’ — Even When It Competes With Alphabet,” 2024. https://news.crunchbase.com/ai/venture-goog-munichiello-hulme-gv/↩↩↩↩↩↩↩↩↩↩
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Fintech Global, “Wealth.com raises $65m Series B for AI wealth planning,” April 16, 2026. https://fintech.global/2026/04/16/wealth-com-raises-65m-series-b-for-ai-wealth-planning/↩
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BusinessWire / BioSpace, “Iterative Health Closes $77 Million Series C to Accelerate the Future of Clinical Research,” April 30, 2026. Series C co-led by Intrepid Growth Partners and GV; GV’s Anthony Philippakis joined as board observer. https://www.biospace.com/press-releases/iterative-health-closes-77-million-series-c-to-accelerate-the-future-of-clinical-research↩
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TechCrunch, “Sierra raises $950M as the race to own enterprise AI gets serious,” May 4, 2026. https://techcrunch.com/2026/05/04/sierra-raises-950m-as-the-race-to-own-enterprise-ai-gets-serious/ — $950M Series E at $15.8B post-money valuation, co-led by Tiger Global and GV with participation from Benchmark, Sequoia Capital, and Greenoaks Capital. ↩
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Yahoo Finance, “Sierra raises $950M at $15.8B valuation, led by Tiger and GV,” May 4, 2026. https://finance.yahoo.com/markets/stocks/articles/sierra-raises-950m-15-8b-154125641.html↩
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CNBC via Techmeme, “Bret Taylor’s Sierra raises nearly $1 billion months after last capital push,” May 4, 2026. https://www.cnbc.com/2026/05/04/bret-taylor-sierra-fundraise-openai.html↩
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AlleyWatch, “MOTHER.Tech Raises $15M to Launch Degen, an AI App That Creates Professional Content Without Prompt Engineering,” May 5, 2026. $15M seed led by GV (Sangeen Zeb) with Lerer Hippeau, BoxGroup, and Shine Capital. https://www.alleywatch.com/2026/05/degen-mother-tech-ai-creative-app-prompt-free-ai-content-meme-generator-creator-economy-platform-kelsey-falter/↩
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Tech Funding News, “GV leads $15M seed in MOTHER.tech as it launches one-tap AI creative app Degen,” May 5, 2026. https://techfundingnews.com/mother-tech-15m-seed-gv-lerer-hippeau-degen-ai-app/↩
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PR Newswire, “OpenEvidence, the Fastest-Growing Application for Physicians in History, Announces $210 Million Round at $3.5 Billion Valuation,” July 15, 2025, accessed May 2026. https://www.prnewswire.com/news-releases/openevidence-the-fastest-growing-application-for-physicians-in-history-announces-210-million-round-at-3-5-billion-valuation-302505806.html — Primary press release confirming July 15, 2025 announcement; $210M Series B at $3.5B valuation co-led by Google Ventures and Kleiner Perkins, with Sequoia, Coatue, Conviction, and Thrive participating. ↩
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hlth.com, “OpenEvidence Raises $210M, Launches Free AI Agent for Physicians,” July 17, 2025, accessed May 2026. https://hlth.com/insights/news/openevidence-raises-210m-launches-free-ai-agent-for-physicians-2025-07-17 — Independent confirmation of $210M Series B at $3.5B valuation announced July 15, 2025; GV and Kleiner Perkins co-led. ↩
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OpenEvidence Wikipedia article, accessed May 2026. https://en.wikipedia.org/wiki/OpenEvidence — Confirms July 2025 $210M Series B co-led by GV and Kleiner Perkins at $3.5B valuation. ↩
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Nectar Social press release via Business Wire, “Nectar Social Raises $30M Series A to Build the Agentic Operating System for Modern Marketing,” May 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260513604281/en/Nectar-Social-Raises-$30M-Series-A-to-Build-the-Agentic-Operating-System-for-Modern-Marketing — $30M Series A led by Menlo Ventures and its Anthology Fund, with True Ventures, GV, and Kinship Ventures participating. GV previously co-led the $10.6M seed in June 2025 alongside True Ventures (Fortune, https://fortune.com/2025/06/05/nectar-social-buzzes-out-of-stealth-with-10-6-million-backing-from-gv-and-true-ventures/). ↩
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AnnArbor.com, “Ann Arbor startup Duo Security lands $5 million from investment group including Google,” February 28, 2012. Accessed May 2026. https://www.annarbor.com/business-review/ann-arbor-startup-duo-security-lands-5-million-from-investment-group-including-google/ — Duo Security’s $5M Series A announced February 28, 2012, led by Google Ventures with True Ventures and Resonant Venture Partners participating. GV partner Karim Faris quoted: Duo “is committed to democratizing strong authentication and bringing this previously” enterprise-focused security “to every Internet user.” ↩
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PE Hub, “Duo Security Seals $5M,” February 28, 2012. Accessed May 2026. https://www.pehub.com/duo-security-seals-5m/ — Confirms Duo Security $5M Series A on February 28, 2012, led by Google Ventures with True Ventures and Resonant Venture Partners as prior backers in the 2010 seed round. ↩
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BusinessWire, “Flick Raises $6M Seed Round to Redefine How AI Films Are Created,” May 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260514408256/en/Flick-Raises-$6M-Seed-Round-to-Redefine-How-AI-Films-Are-Created — GV (Sangeen Zeb) participated in Flick’s $6M seed announced May 14, 2026; round was led by True Ventures with Y Combinator, Lightspeed, Formosa Capital, Pioneer Fund, Olive Tree Capital, and N1 also participating. Quote attributed to Sangeen Zeb, General Partner at GV. ↩
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Wealth.com press release, “Wealth.com Raises $65 Million Series B to Power AI Future of Wealth Management,” April 16, 2026. Accessed May 2026. https://www.wealth.com/resources/press/wealth-com-raises-65-million-series-b-to-power-ai-future-of-wealth-management/ — Oversubscribed $65M Series B announced April 16, 2026; new investors Titanium Ventures, Pruven Capital, The K Fund, Dynasty Financial Partners; existing investors Charles Schwab, GV, Citi Ventures, 53 Stations, Anthos Capital, Alumni Ventures. GV led the prior Series A in September 2024. ↩
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InvestmentNews, “Wealth.com raises $65M Series B as AI adoption accelerates across firms,” April 16, 2026. Accessed May 2026. https://www.investmentnews.com/fintech/wealthcom-raises-65m-series-b-as-ai-adoption-accelerates-across-firms/266175 — Independent confirmation of $65M Series B announced April 16, 2026 with GV among returning investors. ↩
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EU-Startups, “MokN raises €12.9 million to combat credential theft as GV makes its first investment in a French startup,” May 29, 2026. Accessed May 2026. https://www.eu-startups.com/2026/05/mokn-raises-e12-9-million-to-combat-credential-theft-as-gv-makes-its-first-investment-in-a-french-startup/ — Confirms GV led MokN’s €12.9M / $15M Series A on May 28, 2026 (GV’s first investment in a French startup); Datadog, Moonfire, and OVNI Capital participated. ↩