Investments
115Portfolio Exits
23Funds
11About DFJ Growth Fund
DFJ works with companies in seed, early, and growth stages. DFJ Growth partners with companies raising $10M or more that are scaling revenues rapidly, addressing very large market opportunities, and poised for category leadership. The firm works with companies that have the potential to reinvent entire industries.

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Latest DFJ Growth Fund News
Jul 27, 2021
NotCo , a New York-based food tech company, raised $235M in Series D funding at at a $1.5 Billion valuation. The round was led by TigerGlobal with participation from DFJ Growth Fund and ZOMA Lab, Bezos Expeditions, EHI, Future Positive, L Catterton and Kaszek Ventures, as well as athletes Lewis Hamilton and Roger Federer and musician and DJ Questlove. The company intends to use the funds to accelerate growth in the U.S., expand into Europe and Asia, and product categories, and scale up its proprietary patented A.I. technology. Led by Founder and CEO Matias Muchnick, NotCo is a food tech company which utilizes proprietary artificial intelligence technology, called Giuseppe, which matches animal proteins to their ideal replacements among thousands of plant-based ingredients. NotCo has launched products including NotMilk™, NotBurger™, NotMeat™, NotIceCream™ and NotMayo™ in the U.S., Brazil, Argentina, Chile, and Colombia. The company operates in five countries in both retail and foodservice, and already has five U.S. patents for its proprietary A.I. technology. FinSMEs 27/07/2021
DFJ Growth Fund Investments
115 Investments
DFJ Growth Fund has made 115 investments. Their latest investment was in Cellares as part of their Series C on August 8, 2023.

DFJ Growth Fund Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/23/2023 | Series C | Cellares | $255M | Yes | 6 | |
5/17/2023 | Series E - II | Glowforge | $20M | No | 5 | |
1/18/2023 | Series B | Vannevar Labs | $75M | Yes | 8 | |
12/2/2022 | Series E | |||||
10/27/2022 | Series E |
Date | 8/23/2023 | 5/17/2023 | 1/18/2023 | 12/2/2022 | 10/27/2022 |
---|---|---|---|---|---|
Round | Series C | Series E - II | Series B | Series E | Series E |
Company | Cellares | Glowforge | Vannevar Labs | ||
Amount | $255M | $20M | $75M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 6 | 5 | 8 |
DFJ Growth Fund Portfolio Exits
23 Portfolio Exits
DFJ Growth Fund has 23 portfolio exits. Their latest portfolio exit was Innovium on August 03, 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 |
---|---|---|---|---|---|
8/3/2021 | Acquired | 9 | |||
4/14/2021 | IPO | Public | 8 | ||
12/30/2020 | Corporate Majority | 5 | |||
DFJ Growth Fund Fund History
11 Fund Histories
DFJ Growth Fund has 11 funds, including DFJ Growth IV Parallel Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
4/26/2021 | DFJ Growth IV Parallel Fund | $31.66M | 2 | ||
5/13/2020 | DFJ Growth IV Private Investors Offshore | $49.3M | 1 | ||
5/13/2020 | DFJ Growth IV Private Investors | $57.83M | 1 | ||
4/13/2018 | DFJ Growth SPX Investors | ||||
4/20/2017 | DFJ Growth 2016 |
Closing Date | 4/26/2021 | 5/13/2020 | 5/13/2020 | 4/13/2018 | 4/20/2017 |
---|---|---|---|---|---|
Fund | DFJ Growth IV Parallel Fund | DFJ Growth IV Private Investors Offshore | DFJ Growth IV Private Investors | DFJ Growth SPX Investors | DFJ Growth 2016 |
Fund Type | |||||
Status | |||||
Amount | $31.66M | $49.3M | $57.83M | ||
Sources | 2 | 1 | 1 |
DFJ Growth Fund Team
5 Team Members
DFJ Growth Fund has 5 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Mark W. Bailey | Portal Software, DFJ ePlanet Ventures, Vertical Software, WebMD, Venrock, Symantec, Kleiner Perkins Caufield & Byers, and Hewlett Packard Enterprise | Founder | Current |
Name | Mark W. Bailey | ||||
---|---|---|---|---|---|
Work History | Portal Software, DFJ ePlanet Ventures, Vertical Software, WebMD, Venrock, Symantec, Kleiner Perkins Caufield & Byers, and Hewlett Packard Enterprise | ||||
Title | Founder | ||||
Status | Current |