Corporate venture capital
DCVC portfolio
dcvc.comDCVC is a corporate venture investor based in Palo Alto, United States, founded in 2008. It has invested in 171 venture-backed companies across 245 funding rounds on VCMC, and led 71 of those rounds. 25 of them were in the last 12 months.
171
Venture-backed companies
in its portfolio on VCMC
245
Funding rounds
led 71
25
Last 12 months
rounds, Oct 2025 to Sep 2026
34
With a disclosed valuation
of 171 companies
$116.2B
Combined value of its private companies
the whole companies, not what DCVC owns
164 private companies DCVC has backed have a VCMC valuation; together they are worth $116.2B. That is the value of the whole companies, not what DCVC owns. Unconventional AI is 9% of the total. 7 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
DCVC's most valuable portfolio companies
The 10 most valuable private companies DCVC has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Unconventional AI Research Institutes $10.1B range $3.9B – $13.0B Joined at Seed, 2025
- 2 Tech Companies, San Francisco $7.7B range $6.5B – $15.5B Led at Seed, 2026
- 3 Checkr Detectives & Investigation Services, San Francisco $5.1B range $728M – $8.5B Joined at Series A, 2014
- 4 Impulse Space Aerospace and Defence, Redondo Beach $4.9B range $3.7B – $6.9B Joined at Series B, 2024
- 5 Mainspring Energy Electric Supplies & Power Generation, Menlo Park $4.3B range $1.7B – $6.1B Joined at Series F, 2025
- 6 Orca Bio Pharmaceutical Products, Menlo Park $4.1B range $2.2B – $6.6B Joined at Series D, 2020
- 7 Flutterwave Payment Processing & Point of Sale, San Francisco $3.3B range $2.8B – $4.2B Joined at Seed, 2016
- 8 Illumio Tech Companies, Sunnyvale $3.3B range $489M – $4.3B Joined at Series D, 2017
- 9 Agility Robotics Industrial Machinery & Supplies, Pittsburgh $3.1B range $2.0B – $3.6B Led at Series B, 2022
- 10 Tech Companies, Coímbra $2.7B range $1.7B – $3.1B Joined at Series A, 2013
Portfolio
Full DCVC portfolio (171 companies)
171 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Impulse Space Aerospace and Defence · since Series B, 2024 | Series D Jun 2026 $500M | $4.9B | $3.7B – $6.9B | $6.0B (+23%) | $664M | 0% | 554 | growing | B | |
| 2 | Twelve Chemicals · led at Series A, 2021 | Series C Mar 2025 $85M | $615M | $324M – $1.2B | $451M (-27%) | $102M | 97% | 260 | down | C | |
| 3 | Mainspring Energy Electric Supplies & Power Generation · since Series F, 2025 | Series F Apr 2025 $258M | $4.3B | $1.7B – $6.1B | $4.3B (0%) | $471M | 0% | 526 | flat | C | |
| 4 | Tradeshift Tech Companies · led at Series D, 2016 | Growth Equity Aug 2023 $70M | $396M | $128M – $1.1B | $307M (-23%) | $77.0M | 66% | 341 | down | D | |
| 5 | Pivot Bio Chemicals · led at Seed, 2014 | Series D Jul 2021 $430M | $716M | $151M – $3.3B | $633M (-12%) | $345M | 59% | 306 | flat | D | |
| 6 | Carbon Health Health Care Services · since Series B, 2019 | Series D Jan 2023 $100M | $1.1B | $139M – $2.3B | $914M (-14%) | $172M | 22% | 1,078 | flat | D | |
| 7 | Checkr Detectives & Investigation Services · since Series A, 2014 | Series E Sep 2021 $250M | $5.1B | $728M – $8.5B | $5.0B (-3%) | $879M | 0% | 1,829 | up | D | |
| 8 | Agility Robotics Industrial Machinery & Supplies · led at Series B, 2022 | Series C Mar 2025 $400M | $3.1B | $2.0B – $3.6B | $3.0B (-3%) | $356M | 12% | 480 | growing | A | |
| 9 | Illumio Tech Companies · since Series D, 2017 | Series F Jun 2021 $225M | $3.3B | $489M – $4.3B | $3.1B (-5%) | $470M | 0% | 946 | up | D | |
| 10 | Tala Loans & Financing · since Series B, 2017 | Debt Mar 2025 $150M | $960M | $69.5M – $1.1B | $928M (-3%) | $114M | 0% | 911 | flat | D | |
| 11 | Lunar Energy Batteries · since Series C, 2026 | Series C Feb 2026 $130M | $1.6B | $867M – $2.6B | $1.7B (+9%) | $189M | 0% | 259 | up | B | |
| 12 | Radiant Nuclear Electric Supplies & Power Generation · led at Series C, 2025 | Series D Dec 2025 $300M | $2.3B | $1.6B – $2.7B | $2.3B (+4%) | $257M | 0% | 580 | unknown | A | |
| 13 | Mach Industries Aerospace and Defence · since Seed, 2023 | Series C Jun 2026 $300M | $2.1B | $1.6B – $2.9B | $2.5B (+22%) | $276M | 0% | 369 | growing | B | |
| 14 | Atom Computing Device Manufacturing · since Series C, 2026 | Growth Equity Jun 2026 $300M | $2.0B | $1.4B – $3.1B | $2.2B (+8%) | $194M | 0% | 150 | growing | B | |
| 15 | Unconventional AI Research Institutes · since Seed, 2025 | Seed Dec 2025 $475M | $10.1B | $3.9B – $13.0B | $11.3B (+12%) | $2.0B | 0% | 57 | growing | C | |
| 16 | Flutterwave Payment Processing & Point of Sale · since Seed, 2016 | Series E Jun 2026 | $3.3B | $2.8B – $4.2B | $3.4B (+3%) | $458M | 53% | 875 | down | A | |
| 17 | Orca Bio Pharmaceutical Products · since Series D, 2020 | Debt Jan 2026 | $4.1B | $2.2B – $6.6B | $4.3B (+6%) | $475M | 0% | 377 | growing | B | |
| 18 | Universal Quantum Electronical Components Manufacturing · led at Series A, 2026 | Series A Oct 2026 $100M | $523M | $335M – $1.4B | $917M (+75%) | $140M | 0% | 103 | up | C | |
| 19 | Tech Companies · since Series B, 2014 | Buyout Sep 2025 $500M | $2.2B acquired 2025 | $399M – $3.3B | – | – | 6% | 589 | flat | D | |
| 20 | Tech Companies · since Series A, 2016 | Growth Equity Sep 2024 $40M | $364M | $189M – $515M | $285M (-22%) | $41.0M | 44% | 218 | flat | B | |
| 21 | Tech Companies · since Series B, 2018 | Series D Jun 2023 $69M | $330M | $119M – $1.6B | $216M (-35%) | $118M | 97% | 114 | down | D | |
| 22 | Tech Companies · since Seed, 2015 | Series D Apr 2025 $115M | $1.8B | $710M – $2.8B | $1.7B (-4%) | $209M | 13% | 246 | flat | C | |
| 23 | Cybersecurity · since Seed, 2015 | Growth Equity Oct 2024 $50M | $561M | $198M – $934M | $374M (-33%) | $55.7M | 19% | 520 | flat | C | |
| 24 | Tech Companies · since Series A, 2013 | Series D Jul 2022 $125M | $1.2B | $298M – $2.4B | $1.0B (-12%) | $238M | 36% | 517 | up | D | |
| 25 | Tech Companies · since Seed, 2014 | Other Sep 2025 $15M | $789M | $91.1M – $1.2B | $769M (-3%) | $102M | 0% | 398 | up | D | |
| 26 | Tech Companies · since Series A, 2015 | Series C Jun 2021 $120M | $342M | $64.3M – $1.7B | $301M (-12%) | $146M | 65% | 114 | down | D | |
| 27 | Tech Companies · led at Series A, 2017 | Series D Nov 2021 $65M | $152M | $44.8M – $1.2B | $152M (0%) | $93.3M | 94% | 108 | down | D | |
| 28 | Tech Companies · since Growth, 2018 | Growth Equity Jul 2018 $45M | $54.7M | $29.7M – $135M | $54.7M (0%) | $49.5M | 97% | 20 | shrinking | C | |
| 29 | Tech Companies · since Seed, 2014 | Series C Oct 2021 $40M | $298M | $27.0M – $608M | $276M (-8%) | $55.5M | 19% | 228 | flat | D | |
| 30 | Tech Companies · since Series A, 2021 | Series C Jan 2025 $43M | $552M | $293M – $848M | $547M (-1%) | $61.6M | 3% | 200 | growing | B | |
| 31 | Tech Companies · since Series A, 2022 | Series B Jun 2025 $44M | $496M | $228M – $704M | $496M (0%) | $54.6M | 0% | 247 | up | B | |
| 32 | Aerospace and Defence · led at Seed, 2017 | Series B Apr 2026 $25M | $221M | $119M – $414M | $272M (+23%) | $30.0M | 0% | 138 | up | C | |
| 33 | Tech Companies · since Series B, 2018 | Series C Nov 2021 $27M | $119M | $17.5M – $771M | $118M (-1%) | $38.2M | 81% | 139 | down | D | |
| 34 | Tech Companies · since Series A, 2020 | Series B Sep 2021 $35M | $23.1M | $12.3M – $66.3M | $22.4M (-3%) | $30.6M | 97% | 20 | shrinking | C | |
| 35 | Tech Companies · since Series A, 2024 | Series A Oct 2024 $33M | $372M | $94.6M – $567M | $320M (-14%) | $52.1M | 0% | 90 | up | C | |
| 36 | Insurance - Agents, Carriers & Brokers · since Series A, 2021 | Series A Nov 2021 $25M | $92.9M | $7.67M – $227M | $88.7M (-5%) | $27.4M | 30% | 23 | flat | D | |
| 37 | Tech Companies · since Series B, 2025 | Series B Mar 2025 $28M | $141M | $80.8M – $284M | $99.0M (-30%) | $29.4M | 97% | 74 | shrinking | C | |
| 38 | Tech Companies · since Seed, 2013 | Series B Mar 2015 $13M | $115M | $5.41M – $164M | $115M (0%) | $12.7M | 0% | 4 | unknown | D | |
| 39 | Tech Companies · led at Series B, 2013 | Other Jun 2016 $12M | $113M | $4.93M – $171M | $113M (0%) | $12.4M | 0% | 7 | unknown | D | |
| 40 | Tech Companies · led at Seed, 2022 | Series A Sep 2024 $17M | $177M | $35.9M – $251M | $175M (-1%) | $24.8M | 0% | 180 | flat | C | |
| 41 | Tech Companies · since Series A, 2017 | Other Mar 2019 $10M | $63.4M | $4.65M – $103M | $59.5M (-6%) | $14.7M | 0% | 41 | up | D | |
| 42 | Electronical Components Manufacturing · since Seed, 2018 | Series A Jul 2019 $15M | $129M | $6.17M – $183M | $127M (-1%) | $17.1M | 0% | 176 | up | D | |
| 43 | Tech Companies · since Series A, 2014 | Series B Mar 2016 $7.3M | $63.0M | $3.65M – $72.5M | $63.0M (0%) | $6.93M | 0% | 5 | unknown | D | |
| 44 | Batteries · since Seed, 2025 | Seed Jul 2025 $11M | $166M | $55.1M – $252M | $166M (0%) | $29.8M | 0% | 33 | growing | C | |
| 45 | RV Parks & Campgrounds · since Series A, 2016 | Series A May 2016 $11M | $394M | $105M – $1.5B | $394M (0%) | – | 0% | 2,933 | flat | D | |
| 46 | Tech Companies · since Seed, 2021 | Seed Jan 2022 $7.0M | $0.22M | $0 – $0.22M | $0.22M (0%) | – | 100% | 3 | unknown | dead | |
| 47 | Tech Companies · since Series A, 2015 | Acquisition Jan 2019 | $95.0M acquired 2019 | $8.92M – $145M | – | – | 0% | – | unknown | D | |
| 48 | Chemicals · led at Seed, 2024 | Seed Sep 2024 $8.5M | $113M | $21.1M – $172M | $102M (-10%) | $20.4M | 0% | 20 | up | D | |
| 49 | Tech Companies · since Series A, 2014 | Acquisition Aug 2016 $200M | $80.0M acquired 2016 | $15.8M – $122M | – | – | 0% | – | unknown | D | |
| 50 | Tech Companies · since Seed, 2020 | Seed Dec 2020 $4.5M | $17.9M | $2.47M – $83.1M | $18.7M (+5%) | $11.4M | 62% | 22 | up | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How DCVC invests: stages, industries and countries
Most of its rounds are Series A (38%). Its companies span 41 industries, most in Tech Companies, Biotechnology and Chemicals, across 10 countries.
Rounds by stage
- Seed 61
- Series A 92
- Series B 44
- Series C and later 48
Investments by industry
- Tech Companies 59
- Biotechnology 22
- Chemicals 9
- Pharmaceutical Products 8
- Aerospace and Defence 7
- Batteries 5
- Industrial Machinery & Supplies 5
- Medical Supply Manufacturers 5
Investments by country
- United States 148
- United Kingdom 9
- Australia 3
- Canada 3
- Portugal 2
- Singapore 2
Recent rounds
DCVC's latest investments
DCVC's most recent funding rounds, newest first. 25 rounds in the last 12 months.
- Series A $870M 9 Oct 2026
- Universal Quantum Series A, led $100M 8 Oct 2026
- Seed, led $40M 16 Sep 2026
- Series B $240M 27 Aug 2026
- Series A, led $150M 25 Aug 2026
- Seed $100M 20 Aug 2026
- Series A $14M 21 Jun 2026
- Atom Computing Series C $100M 16 Jun 2026
- Seed $130K 11 Jun 2026
- Series A, led $48M 6 May 2026
Co-investors
DCVC's top co-investors
The investors that most often join the same rounds as DCVC. Khosla Ventures leads, with 21 rounds together.
- Khosla Ventures 21 rounds together
- Y Combinator 17 rounds together
- Andreessen Horowitz 17 rounds together
- Founders Fund 13 rounds together
- Lux Capital 13 rounds together
- Sequoia Capital 12 rounds together
- General Catalyst 9 rounds together
- AME Cloud Ventures 8 rounds together
- Innovation Endeavors 8 rounds together
- GV 8 rounds together
About
About DCVC
DCVC Management Co, LLC is an American venture capital firm that invests in companies utilizing artificial intelligence, computational approaches, and technologies such as big data and IT infrastructure to address global challenges. The firm operates multiple funds focused on areas including AI, exa-scale computing, climate, engineering, materials science, robotics, space, water, biology, defense, and security. DCVC also manages DCVC Bio, which specializes in computational biology and life sciences, with an emphasis on genetics, chemistry, molecular biology, agriculture, industrial fermentation, and AI. The firm serves seed, Series A, and growth stage companies and provides investment services to entrepreneurs and founders.
Description from Veridion's company data.
- Founded
- 2008
- Based in
- Palo Alto, United States
- Team
- 119 people, +2% in a year
- Type
- Corporate venture capital
Focus markets
- Technology
- Life Sciences
- Climate
- Defense
- Agriculture
What DCVC offers
- Venture Capital Investment Services
- Deep Tech Startup Investment
- AI and Computational Technology Investment
- Climate Tech Investment
- Computational Biology and Life Sciences Investment
- Materials Science and Engineering Investment
- Robotics and Space Technology Investment
- Water and Defense Technology Investment
Questions
DCVC: frequently asked questions
How many companies has DCVC invested in?
171 venture-backed companies on VCMC, across 245 funding rounds.
What are DCVC's most valuable private companies?
Unconventional AI ($10.1B), Typesafe AI ($7.7B), Checkr ($5.1B), by VCMC's valuation.
What was DCVC's latest investment?
Typesafe AI, a Series A round in Oct 2026 of $870M.
Which stages does DCVC invest in?
DCVC invests most often at Series A (92 rounds), followed by seed (61) and Series C and later (48). It has also joined 44 Series B rounds.
What is DCVC's portfolio worth?
Its private companies with a VCMC valuation are worth $116.2B together. That is the sum of the companies' values, not what DCVC owns.
Who does DCVC invest alongside?
Khosla Ventures (21 rounds), Y Combinator (17 rounds), Andreessen Horowitz (17 rounds).