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Corporate Venture
capitalg.com

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Investments

100

Portfolio Exits

29

Funds

1

Partners & Customers

1

Service Providers

2

About capitalG

capitalG is a growth equity fund backed by Google. It invests in people who are passionate about the potential for technology to change how we live and are rapidly building the companies of tomorrow. capitalG focuses on emerging, long-term technology trends and the companies that are leading or are poised to drive disruption in their respective markets by harnessing these technologies.

capitalG Headquarter Location

1600 Amphitheatre Parkway

Mountain View, California, 94043,

United States

Predict your next investment

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 capitalG

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

Find capitalG in 4 Expert Collections, including Banking.

B

Banking

45 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

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

F

Future of Fintech 2018

22 items

The Future of Fintech 2018 is a one-of-a-kind gathering of the world's largest financial institutions, best fintech startups, and most active venture investors. This collection contains all startups, investors, moderators and speakers from the Future of Fintech 2018 lineup.

Research containing capitalG

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned capitalG in 5 CB Insights research briefs, most recently on Sep 17, 2021.

Latest capitalG News

Google always knew Indian unicorn Freshworks would be successful

Sep 23, 2021

1 minute ago When CapitalG—then Google Capital—invested in Freshworks—then Freshdesk—back in 2014, it knew the tech startup from Chennai would make it big. Yesterday (Sept. 22), Freshworks raised over $1 billion via its IPO on Nasdaq. CapitalG owns around 8.2%, or $1 billion, of the firm’s post-IPO market cap. CapitalG typically invests in only one company in one market. For instance, it backs Lyft so it will not back Uber. When it was looking at the software-as-a-service for small and medium businesses as a category, Freshworks was “top of the list,” said Gene Frantz, general partner who has been at CapitalG since its inception in 2013. When Frantz and his colleagues met with founder-CEO Girish Mathrubootham in 2014, they were immediately taken by his “bold product and company vision, and his passion for the product and customer needs,” says Frantz. Mathrubootham also came across as “someone scrappy…a great company builder.” The private equity fund’s long-term commitment to Freshworks began shortly after that first meeting. Since then, it has pumped in funds over four rounds. The Google Factor While financial support is a big asset, CapitalG has more than money to offer. There is immense hands-on growth support from the firm’s in-house team , as well as access to Google and Alphabet experts , including CEO Sundar Pichai. From sales and marketing to AI and security, CapitalG helps startups  to simplify all aspects of business. In the case of Freshworks, CapitalG played a “big part in its go-to-market,” helping with digital customer acquisition, an area where Google had tremendous insights and knowledge, Frantz says. Over the years, more than 2,500 Googlers have helped trained nearly 1,200 portfolio company employees on machine learning, engineering leadership, and other topics. Several Freshworks engineers, too, were enrolled in such programs. Freshworks and Nasdaq… The investment firm has been with Freshworks through its years in Chennai and its subsequent move to San Mateo, California, in 2019. As a result, it understands the company’s vision and evolution. For instance, on paper, Freshworks is still a loss-making firm. But these losses are not a red flag. For one, net loss shrank to $9.8 million from $57 million from a year ago, suggesting austerity on the firm’s part. Secondly, loss-making at startups is often by design. “It just needs to be clear that you could be profitable if you wanted to but many companies, Freshworks included, invest for growth,” said Frantz. “The investors want to know it [loss-making] is a choice, and not because there’s something systemic in the business that won’t let them be profitable.” …and US IPOs for other Indian startups Freshworks has managed a blockbuster public debut in America. But it did have all the ingredients: Its business is global with a presence in over 120 countries. A chunk of is management team are seasoned Silicon Valley veterans. Bigwigs like Tiger Global and Sequoia back the firm. And its revenue and growth numbers have been consistently impressive. The quarter-to-quarter predictability and long-term growth story needed to go public is “a very hard thing to achieve,” says Frantz. Additionally, “it is critical to have systems and processes to operate a company in place, for which there is a high bar in the US.” But that doesn’t mean other Indian companies don’t stand a chance. In fact, Frantz views Freshworks as a “torchbearer” for Indian SaaS companies and expects the trend to continue. Another SaaS firm, Druva, is already eyeing a US IPO . Perhaps these companies look west because the US market is “more developed than the Indian market,” says Frantz. “There’s more liquidity and the statement it makes to customers is a little bit more powerful.” ???? Kick off each morning with coffee and the Daily Brief (BYO coffee). Sign me up

capitalG Investments

100 Investments

capitalG has made 100 investments. Their latest investment was in Whatnot as part of their Series C on September 9, 2021.

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capitalG Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/16/2021

Series C

Whatnot

$150M

Yes

Andre Iguodala, Andreessen Horowitz, Gokul Rajaram, Logan Paul, Nilam Ganenthiran, Undisclosed Investors, Y Combinator, and Zion Williamson

5

8/5/2021

Series E

Dataiku

$400M

No

Battery Ventures, Dawn Capital, Eurazeo, FirstMark Capital, ICONIQ Growth, Insight Partners, Lightrock, Olivier Pomel, Snowflake Ventures, and Tiger Global Management

4

7/13/2021

Series A

Huiming

$10M

Yes

1

6/15/2021

Series I

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$99M

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10

4/20/2021

Series B

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$99M

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10

Date

9/16/2021

8/5/2021

7/13/2021

6/15/2021

4/20/2021

Round

Series C

Series E

Series A

Series I

Series B

Company

Whatnot

Dataiku

Huiming

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Amount

$150M

$400M

$10M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Andre Iguodala, Andreessen Horowitz, Gokul Rajaram, Logan Paul, Nilam Ganenthiran, Undisclosed Investors, Y Combinator, and Zion Williamson

Battery Ventures, Dawn Capital, Eurazeo, FirstMark Capital, ICONIQ Growth, Insight Partners, Lightrock, Olivier Pomel, Snowflake Ventures, and Tiger Global Management

Sources

5

4

1

10

10

capitalG Portfolio Exits

29 Portfolio Exits

capitalG has 29 portfolio exits. Their latest portfolio exit was Freshworks on September 22, 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

9/22/2021

IPO

$991

3

7/29/2021

IPO

$991

51

7/28/2021

IPO

$991

15

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

9/22/2021

7/29/2021

7/28/2021

00/00/0000

00/00/0000

Exit

IPO

IPO

IPO

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Companies

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Valuation

$991

$991

$991

$991

$991

Acquirer

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Sources

3

51

15

10

10

capitalG Fund History

1 Fund History

capitalG has 1 fund, including Google Capital Late-Stage Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Google Capital Late-Stage Fund

Diversified Private Equity

1

Closing Date

Fund

Google Capital Late-Stage Fund

Fund Type

Diversified Private Equity

Status

Amount

Sources

1

capitalG Partners & Customers

1 Partners and customers

capitalG has 1 strategic partners and customers. capitalG recently partnered with Google on July 7, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

7/24/2018

Partner

Google

United States

UiPath Announces New Integration with Google Cloud Contact Center AI Further Strengthening the Collaboration with Google.

Through this strategic partnership , Google Cloud Platform 's AI capabilities combined with the UiPath will create the perfect infrastructure for introducing AI to the business environment .

1

Date

7/24/2018

Type

Partner

Business Partner

Google

Country

United States

News Snippet

UiPath Announces New Integration with Google Cloud Contact Center AI Further Strengthening the Collaboration with Google.

Through this strategic partnership , Google Cloud Platform 's AI capabilities combined with the UiPath will create the perfect infrastructure for introducing AI to the business environment .

Sources

1

capitalG Service Providers

2 Service Providers

capitalG has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Growth Equity

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Growth Equity

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

capitalG Team

1 Team Member

capitalG has 1 team member, including current Founder, General Partner, David Lawee.

Name

Work History

Title

Status

David Lawee

McKinsey & Company, Xfire, Google, and Mosaic Venture Partners

Founder, General Partner

Current

Name

David Lawee

Work History

McKinsey & Company, Xfire, Google, and Mosaic Venture Partners

Title

Founder, General Partner

Status

Current

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