# Bill Gates: portfolio, investments and team

> Bill Gates is a vc firm based in United States. 38 investments on record, latest Jun 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/bill-gates (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Bill Gates

Last cheque observed Jun 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 38 on record

Since the last cheque **498** days **00** hrs **00** min **00** sec

Median round **$32M** Rounds led **1 of 38** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 97%**

Pitch Bill Gates

## Bill Gates highlights

- 01 38 rounds on record
- 02 Mostly Series C and Series B: 63% of its rounds
- 03 Sole investor in 1 rounds, median $20M
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **38 appearances**

- **2025** 1 round
- **Jun** **[TerraPower](https://millionrounds.com/company/terrapower)** US · Crunchbase News **$650M** With 4 others
- **2019** 2 rounds
- **Sept** **[Echodyne](https://millionrounds.com/company/echodyne)** US · FinSMEs **$20M** With 4 others
- **Mar** **[Fictiv](https://millionrounds.com/company/fictiv)** Series C · US · FinSMEs **$33M** With 5 others
- **2018** 3 rounds
- **Jun** **[Nimbus](https://millionrounds.com/company/nimbus)** US · FinSMEs **$65M** With 6 others
- **May** **[Fictiv](https://millionrounds.com/company/fictiv)** Series B · US · FinSMEs **$15M** With 5 others
- **Jan** **[EtaGen](https://millionrounds.com/company/etagen)** Series C · US · FinSMEs **$83M** With 6 others
- **2017** 4 rounds
- **Aug** **[Impossible Foods](https://millionrounds.com/company/impossible-foods)** US · Digitaljournal **$75M** With 3 others
- **Jun** **[Pivotal Commware](https://millionrounds.com/company/pivotal-commware)** US · Xconomy **$17M** With 3 others
- **May** **[Change.org](https://millionrounds.com/company/change-org)** US **$30M** With 2 others
- **Mar** **[Evolv Technology](https://millionrounds.com/company/evolv-technology)** Series B · US · FinSMEs **$18M** With 3 others
- **2016** 2 rounds
- **Nov** **[Kymeta](https://millionrounds.com/company/kymeta)** **$62M** *Led*
- **Sept** **[Renmatix](https://millionrounds.com/company/renmatix)** US · FinSMEs **$14M** With 1 other
- **2015** 3 rounds
- **Nov** **[Varentec](https://millionrounds.com/company/varentec)** Series C · US **$13M** With 2 others
- **Oct** **[Impossible Foods](https://millionrounds.com/company/impossible-foods)** Series D · US **$108M** With 5 others
- **Mar** **[Nimbus Therapeutics](https://millionrounds.com/company/nimbus-therapeutics)** Series B · US **$43M** With 5 others
- **2014** 7 rounds
- **Dec** **[Echodyne](https://millionrounds.com/company/echodyne)** Series A · US **$15M** With 4 others
- **Dec** **[Kymeta](https://millionrounds.com/company/kymeta)** Series D · US **$20M** With 1 other
- **Dec** **[Change.org](https://millionrounds.com/company/change-org)** Series C · US **$25M** With 20 others
- **Jun** **[AuraSense Therapeutics](https://millionrounds.com/company/aurasense-therapeutics)** Series C · US **$14M** With 3 others
- **Jun** **[Varentec](https://millionrounds.com/company/varentec)** Series B · US **$11M** With 1 other
- **Apr** **[Ambri, Inc.](https://millionrounds.com/company/ambri-inc)** Series C · US **$35M** With 3 others
- **Mar** **[Aquion Energy](https://millionrounds.com/company/aquion-energy)** Series D · US **$57M** With 7 others
- **2013** 7 rounds
- **Sept** **[Varentec](https://millionrounds.com/company/varentec)** Series B · US · techcrunch.com **$8.0M** With 1 other
- **Aug** **[Evolv Technologies](https://millionrounds.com/company/evolv-technologies)** Venture · US · finsmes.com **$12M** With 3 others
- **Jun** **[Kymeta](https://millionrounds.com/company/kymeta)** Series C · US · finsmes.com **$50M** With 4 others
- **Jun** **[ResearchGate](https://millionrounds.com/company/researchgate)** Series C · DE · techcrunch.com **$35M** With 3 others
- **Apr** **[Aquion Energy](https://millionrounds.com/company/aquion-energy)** Series D · US · pehub.com **$35M** With 5 others
- **Feb** **[LightSail Energy](https://millionrounds.com/company/lightsail-energy)** Series D · US · greentechmedia.com **$5.5M** With 3 others
- **Jan** **[Foundation Medicine](https://millionrounds.com/company/foundation-medicine)** Series B · US · foundationmedicine.com **$14M** With 6 others
- **2012** 4 rounds
- **Dec** **[Schrodinger](https://millionrounds.com/company/schrodinger-2)** Venture · US · schrodinger.com **$20M** Sole investor
- **Aug** **[Kymeta](https://millionrounds.com/company/kymeta)** Venture · US · finsmes.com **$12M** With 2 others
- **Jul** **[EcoMotors](https://millionrounds.com/company/ecomotors)** Series C · US · finsmes.com **$33M** With 2 others
- **May** **[Ambri, Inc.](https://millionrounds.com/company/ambri-inc)** Series B · US · news.cnet.com **$15M** With 2 others
- **2011** 3 rounds
- **May** **[Ambri, Inc.](https://millionrounds.com/company/ambri-inc)** Series A · US · news.cnet.com **Undisclosed** With 1 other
- **Mar** **[Nimbus Therapeutics](https://millionrounds.com/company/nimbus-therapeutics)** Seed · US · sec.gov **$1.5M** With 2 others
- **Jan** **[NEOS GeoSolutions](https://millionrounds.com/company/neos-geosolutions)** Growth · US · finsmes.com **$60M** With 3 others
- **2010** 1 round
- **Jul** **[EcoMotors](https://millionrounds.com/company/ecomotors)** Series B · US · techcrunch.com **$24M** With 1 other
- **2008** 1 round
- **Jan** **[TerraPower](https://millionrounds.com/company/terrapower)** US **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Foundation Medicine](https://millionrounds.com/company/foundation-medicine)** Bought by Roche **Undisclosed** Jan 2015

**[Foundation Medicine](https://millionrounds.com/company/foundation-medicine)** Listed **$108M** Jul 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed

Median round joined **$32M** the round, not its cheque Alone, median **$20M**

Led 1 of 38 rounds **3%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jun 2025
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series C *9*
- Series B *8*
- Series D *5*
- Venture *3*
- Series A *2*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) 11
- [Lux Capital](https://millionrounds.com/fund/lux-capital) 9
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 3
- [Liberty Global](https://millionrounds.com/fund/liberty-global) 3
- [Total Energy Ventures](https://millionrounds.com/fund/total-energy-ventures) 3
- [Advanced Technology Ventures](https://millionrounds.com/fund/advanced-technology-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Bill Gates. A count of rooms they were both in, not a relationship either has claimed.

[**Khosla Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Lux Capital** VC firm **9** rounds together](https://millionrounds.com/fund/lux-capital)[**Kleiner Perkins Caufield & Byers** VC firm **3** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Liberty Global** Corporate VC **3** rounds together](https://millionrounds.com/fund/liberty-global)[**Total Energy Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/total-energy-ventures)[**Advanced Technology Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/advanced-technology-ventures)[**Atlas Venture** VC firm **2** rounds together](https://millionrounds.com/fund/atlas-venture)[**Bright Capital** Investment firm **2** rounds together](https://millionrounds.com/fund/bright-capital)[**Foundation Capital** VC firm **2** rounds together](https://millionrounds.com/fund/foundation-capital)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Gentry Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/gentry-venture-partners)[**Intel** Growth equity **2** rounds together](https://millionrounds.com/fund/intel)

## Recently backed

The latest companies Bill Gates put money into.

[**TerraPower** $650M · Jun 2025](https://millionrounds.com/company/terrapower)[**Echodyne** $20M · Sept 2019](https://millionrounds.com/company/echodyne)[**Fictiv** $33M · Mar 2019](https://millionrounds.com/company/fictiv)[**Nimbus** $65M · Jun 2018](https://millionrounds.com/company/nimbus)[**Impossible Foods** $75M · Aug 2017](https://millionrounds.com/company/impossible-foods)[**Pivotal Commware** $17M · Jun 2017](https://millionrounds.com/company/pivotal-commware)

## Books by the people here

5 books written by people at Bill Gates: [Bill Gates](https://millionrounds.com/person/bill-gates).

- How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need Bill Gates · 2021 4.11 from 51,804 ratings on Goodreads About the book Bill Gates shares what he's learned in more than a decade of studying climate change and investing in innovations to address the problems, and sets out a vision for how the world can build the tools it needs to get to zero greenhouse gas emissions. Bill Gates explains why he… On AmazonListen on Audible
- Source Code: My Beginnings Bill Gates · 2025 4.15 from 15,248 ratings on Goodreads About the book The origin story of one of the most influential and transformative business leaders and philanthropists of the modern age. The business triumphs of Bill Gates are widely known: the twenty-year-old who dropped out of Harvard to start a software company that became an industry… On AmazonListen on Audible
- Business @ the Speed of Thought: Succeeding in the Digital Economy Bill Gates · 1999 3.80 from 4,772 ratings on Goodreads About the book In his new book, Microsoft chairman and CEO Bill Gates discusses how technology can help run businesses better today and how it will transform the nature of business in the near future. Gates stresses the need for managers to view technology not as overhead but as a strategic… On AmazonListen on Audible
- Business at the Speed of Thought: Using a Digital Nervous System Bill Gates · 1999 3.80 from 4,761 ratings on Goodreads About the book Bill Gates is the founder of Microsoft. He thinks that businesses use computers in the same way we use our nervous system. In this book, he describes his idea of a 'Digital Nervous System' - a way for companies to get as much as possible from all the money they have spent on… On AmazonListen on Audible
- The Road Ahead Bill Gates · 1995 3.74 from 4,411 ratings on Goodreads About the book Welcome to “The Road Ahead.” We have all been bombarded by the seemingly endless hype about the information highway and the coming age of technology. Now, Bill Gates – who built Microsoft into one of the most successful companies in the world – gives us his vision of what the… On AmazonListen on Audible
- Find the books for what you are building, or how you invest. [Open the Reading List](https://millionrounds.com/reading-list)

As an Amazon Associate we earn from qualifying purchases.

## On podcasts

6 episodes naming Bill Gates in the title, and 4 more that mention it.

- [All-In](https://millionrounds.com/podcasts/all-in) 17 Oct 2026 · 1h 34m CoreWeave Crash, AI Trade Cracks, Anthropic IPO Red Flags, Bill Gates Doomer Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates)[Ben Horowitz](https://millionrounds.com/fund/ben-horowitz) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 26 Aug 2026 · 1h 31m Bill Gates foresees massive AI job loss: these VCs disagree | E2330 Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates)[Better Tomorrow Ventures](https://millionrounds.com/fund/better-tomorrow-ventures)[Hoxton Ventures](https://millionrounds.com/fund/hoxton-ventures) *+5* Apple PodcastsShow page
- [Masters of Scale](https://millionrounds.com/podcasts/masters-of-scale) 8 May 2025 · 42 min Replay: Bill Gates is ending his foundation, here’s how it began Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates)[Gates Foundation](https://millionrounds.com/fund/bill-and-melinda-gates-foundation)[Melinda Gates](https://millionrounds.com/person/melinda-gates) Apple Podcasts
- [Masters of Scale](https://millionrounds.com/podcasts/masters-of-scale) 16 Nov 2024 · 1h 9m Possible: Bill Gates on possibility, AI, and humanity Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates) Apple Podcasts
- [Masters of Scale](https://millionrounds.com/podcasts/masters-of-scale) 26 Sept 2024 · 23 min Bill Gates, Brian Chesky, and more: Unheard moments from our first Summit Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates)[Brian Chesky](https://millionrounds.com/fund/brian-chesky) Apple Podcasts
- [In Good Company](https://millionrounds.com/podcasts/in-good-company) 14 Feb 2024 · 41 min Annie Duke: Quitting, Bill Gates, and poker With [Annie Duke](https://millionrounds.com/person/annie-duke) Mentions [Bill Gates](https://millionrounds.com/fund/bill-gates) Apple PodcastsShow page

### Mentioned in

- [How I Built This](https://millionrounds.com/podcasts/how-i-built-this) 8 Dec 2025 · 1h 22m Khan Academy: Sal Khan. From Tutoring His Cousins to Teaching the World For Free (September 2020) Apple Podcasts
- [Acquired](https://millionrounds.com/podcasts/acquired) 24 Nov 2025 · 3h 54m Coca-Cola Apple PodcastsShow page
- [Cheeky Pint](https://millionrounds.com/podcasts/cheeky-pint) 18 Nov 2025 · 1h 19m Satya Nadella describes how lessons from Microsoft’s history apply to today’s boom Apple PodcastsShow page
- [Startup 360](https://millionrounds.com/podcasts/startup-360) 7 Nov 2025 · 42 min The joy of giving: lessons in philanthropy from Pledge 1%'s Antonia Ruffell Apple Podcasts

## Quick answers about Bill Gates

### What does Bill Gates invest in?

Bill Gates invests most often at Series C and Series B (63% of the rounds on record).

### How active is Bill Gates?

38 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Jun 2025.

### What has Bill Gates invested in recently?

Its most recent investments on record: TerraPower (Undisclosed round, Jun 2025), Echodyne (Undisclosed round, Sept 2019) and Fictiv (Series C, Mar 2019).

### How big are Bill Gates's cheques?

The median round it joins is $32M.

### Does Bill Gates lead rounds?

Sometimes: it led 1 of its 38 investments on record (3%).

### Where does Bill Gates invest?

Most of the companies it backs are in the United States (97%).

### Is Bill Gates investing now?

No investments in the last 12 months; the latest was in Jun 2025.

### Who does Bill Gates invest alongside?

Most often Khosla Ventures (11 rounds together), Lux Capital (9 rounds together) and Kleiner Perkins Caufield & Byers (3 rounds together).

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