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Venture Capital
dagventures.com

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Investments

341

Portfolio Exits

111

Funds

15

Service Providers

3

About DAG Ventures

DAG Ventures is a venture capital partnership investing in and helping outstanding entrepreneurs create leading, long-term companies across a range of markets. With roots from the 1980's in cable TV, infrastructure, media, and wireless industries, the partnership today is privileged to work with world-class entrepreneurs as they build tomorrow's leaders in the information technology, energy, and life science sectors.

DAG Ventures Headquarter Location

251 Lytton Avenue Suite 200

Palo Alto, California, 94301,

United States

650-543-8180

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing DAG Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find DAG Ventures in 5 Expert Collections, including Banking.

B

Banking

44 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking

U

Unicorns- Billion Dollar Startups

113 items

S

Synthetic Biology

382 items

T

The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

C

CB Insights Smart Money Investors - 2020

25 items

Latest DAG Ventures News

Algolia – AI-Powered Search API Raises $150M in Series D with $2.25B Post-Money Valuation

Jul 29, 2021

Six months ago, we announced acquisition of MorphL by our portfolio startup, Algolia and we are pleased to share that now Algolia’s valuation has also increased by 4 times (since the valuation of last Series C ) after adding $150M of funding in Series D. The funding round was led by Lone Pine Capital in participation with Twilio, Steadfast Venture Capital, Fidelity Management and Research Company, Glynn Capital Management, Salesforce Ventures, Owl Rock Capital, Accel, DAG Ventures and World Innovation Lab. This intelligent search startup offers a hosted search API for developers to add search feature in their websites/apps using which users can find relevant content easily. Moreover, a hosted recommendation API is also provided for e-commerce businesses using which businesses can predict the intent of their customers and then make recommendations to them based on their intent. This helps e-commerce businesses to increase their revenues by making more sales. According to the statistics provided by Algolia , startup is handling 1.5 Trillion search queries per year and serving 400K+ developers and 10K+ enterprises including Slack, Atlassian, Coursera, Nintendo, NBCUniversal, Medium, Salesforce, WeWork, Stripe, Twitch, Adobe, Intuit & Magento etc. Here is the quick financial timeline of Algolia: After this Series D, the total funding amount of Algolia is now summed up to $315M. This new funding round caps a landmark year that saw significant growth and product innovation. Algolia launched with the goal of creating fast, instant, and relevant search and discovery experiences that surfaced the desired information quickly. Earlier this year, the company  announced  its new vision for dynamic experiences, advancing beyond search to empower businesses to quickly predict a visitor’s intent on their digital property in real time, in the session, and in the moment. The business, armed with this visitor intent, can surface dynamic content in the form of search results, recommendations, offers, in-app notifications, and more — all while respecting privacy laws and regulations. “The future is API-first – a reality underscored by the growth seen by Twilio, Stripe, Algolia and others in the API economy. A huge part of our success has, and will continue to be, our relentless focus on developers with our PLG strategy – enabling them to build search into their websites and apps, so they create the most relevant and dynamic digital experiences.”  said Bernadette Nixon, CEO, Algolia. “And we’re excited to continue to solve customers’ problems as we continue to expand beyond search with Algolia Recommend and Predict.” “The amazing thing about software is that you can continually iterate on it and Algolia’s API-first approach ensures that companies can build amazing experiences and great digital products, and create a cycle of continuous improvement,” continued Berandette Nixon. “Companies such as Under Armour, NBC Universal, Société Générale, Stripe and many others are taking this approach and are the ones winning the hearts, minds, and wallet of their customers.” Meanwhile, the company added seven leaders to its executive suite in the last 18 months, with the  appointment  of Bernadette Nixon (chief executive officer, formerly of Alfresco), in addition to Michelle Adams (chief revenue officer, formerly of Dropbox), Carlton Baab (chief financial officer, formerly of Alfresco), Piyush Patel (chief business development officer, formerly of Capgemini), Jim Schattin (chief customer officer, formerly of Alteryx), Jason McClelland (chief marketing officer, formerly of Salesforce and Adobe), and Bharat Guruprakash (chief product officer, formerly of Twilio). Please read full story at Algolia Blog .

DAG Ventures Investments

341 Investments

DAG Ventures has made 341 investments. Their latest investment was in Vectra Networks as part of their Series F on April 4, 2021.

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DAG Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/29/2021

Series F

Vectra Networks

$130M

No

11

12/17/2020

Series C

Rec Room

$20M

No

4

7/21/2020

Series F

Innovium

$170M

Yes

10

10/15/2019

Series C

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$99M

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10

8/13/2019

Series C

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$99M

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10

Date

4/29/2021

12/17/2020

7/21/2020

10/15/2019

8/13/2019

Round

Series F

Series C

Series F

Series C

Series C

Company

Vectra Networks

Rec Room

Innovium

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Amount

$130M

$20M

$170M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

11

4

10

10

10

DAG Ventures Portfolio Exits

111 Portfolio Exits

DAG Ventures has 111 portfolio exits. Their latest portfolio exit was Nextdoor on November 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/8/2021

Reverse Merger

$991

9

8/3/2021

Acquired

$991

9

7/14/2021

Acquired

2

00/00/0000

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$991

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10

00/00/0000

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10

Date

11/8/2021

8/3/2021

7/14/2021

00/00/0000

00/00/0000

Exit

Reverse Merger

Acquired

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

9

9

2

10

10

DAG Ventures Acquisitions

6 Acquisitions

DAG Ventures acquired 6 companies. Their latest acquisition was Peak Broadcasting on November 01, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/1/2006

Leveraged Buyout

1

12/31/2004

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$99M

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10

12/31/2003

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$99M

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10

12/31/1996

Leveraged Buyout

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$99M

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10

12/31/1995

Leveraged Buyout

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$99M

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10

Date

11/1/2006

12/31/2004

12/31/2003

12/31/1996

12/31/1995

Investment Stage

Leveraged Buyout

Leveraged Buyout

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Leveraged Buyout

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Sources

1

10

10

10

10

DAG Ventures Fund History

15 Fund Histories

DAG Ventures has 15 funds, including Corner Ventures DAG Fund I - T.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/22/2019

Corner Ventures DAG Fund I - T

$3.15M

1

12/31/2011

DAG Ventures V LP

Multi-Stage Venture Capital

1

2/22/2010

DAG Ventures IV-QP

$451.82M

1

2/22/2010

DAG Ventures IV

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$99M

10

2/11/2008

DAG Ventures III-QP

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$99M

10

Closing Date

3/22/2019

12/31/2011

2/22/2010

2/22/2010

2/11/2008

Fund

Corner Ventures DAG Fund I - T

DAG Ventures V LP

DAG Ventures IV-QP

DAG Ventures IV

DAG Ventures III-QP

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$3.15M

$451.82M

$99M

$99M

Sources

1

1

1

10

10

DAG Ventures Service Providers

3 Service Providers

DAG Ventures has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

DAG Ventures Team

10 Team Members

DAG Ventures has 10 team members, including current Founder, Managing Director, John J. Cadeddu.

Name

Work History

Title

Status

John J. Cadeddu

Founder, Managing Director

Current

Joseph Zanone

Chief Financial Officer

Current

Young J. Chung

Managing Director

Current

John M Duff

Managing Director

Current

R. Thomas Goodrich

Managing Director

Current

Name

John J. Cadeddu

Joseph Zanone

Young J. Chung

John M Duff

R. Thomas Goodrich

Work History

Title

Founder, Managing Director

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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