# CapitalG: portfolio, investments and team

> CapitalG is a corporate vc based in Canada. 51 investments on record, 21 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# CapitalG

Last cheque observed Oct 2026; 51 cheques on record.

Email

Deploying now Corporate VC

Seed Series A Series B Adventure Travel CMS CloudTech

Follow CapitalG and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcapitalg)

Deploying now

**91%** of best year **21** **cheques in 12 months**, 51 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$213M** Cheque size, as they say **$100K – $5.0M** Rounds led **20 of 51** Sole investor **2 rounds** Mostly in **United States, 82%**

Pitch CapitalG

## CapitalG highlights

- 01 21 cheques in the last 12 months
- 02 Mostly Series C and Series D: 60% of its rounds
- 03 Sole investor in 2 rounds, median $665M

## What they do

> CapitalG is Alphabet’s independent growth fund. From their own website

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Adventure Travel CMS CloudTech
- **Based in:** San Francisco, Canada
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **51 appearances**

- **2026** 15 rounds
- **Oct** **[Bedrock Robotics](https://millionrounds.com/company/bedrock-robotics)** Series C · US · Google News search **$600M** *Led*
- **Oct** **[Kalshi](https://millionrounds.com/company/kalshi)** Series G · US · https://ascendants.in/ **$1.0B** With 13 others
- **Sept** **[Clay](https://millionrounds.com/company/clay)** Series D · US · BetaKit **$115M** With 8 others
- **Aug** **[Lovable](https://millionrounds.com/company/lovable)** Series C · SE · Menlo Ventures **$400M** With 17 others
- **Aug** **[Hadrian](https://millionrounds.com/company/hadrian)** Growth · US · Crunchbase News **$1.4B** With 16 others
- **Aug** **[Base Power](https://millionrounds.com/company/base-power)** Series D · US · TechCrunch **$1.0B** With 14 others
- **Jun** **[NinjaOne](https://millionrounds.com/company/ninjaone)** Series C · US · Crunchbase News **$400M** With 10 others
- **Jun** **[AlphaSense](https://millionrounds.com/company/alphasense)** US · Ventureburn **$350M** With 7 others
- **May** **[OpenRouter](https://millionrounds.com/company/openrouter)** Series B · US · TechCrunch **$113M** *Led*
- **May** **[Farther](https://millionrounds.com/company/farther)** Series D · US · MassMutual Ventures **$150M** With 7 others
- **May** **[Isomorphic Labs](https://millionrounds.com/company/isomorphic-labs)** Series B · GB · TechStartups **$2.1B** With 8 others
- **Apr** **[nEye.ai](https://millionrounds.com/company/neye-ai)** Series C · US · TechStartups **$80M** With 5 others
- **Feb** **[Bedrock Robotics](https://millionrounds.com/company/bedrock-robotics)** Series B · US · Ventureburn **$270M** *Led*
- **Feb** **[Duna](https://millionrounds.com/company/duna)** Series A · TechCrunch **$36M** *Led*
- **Feb** **[Waymo](https://millionrounds.com/company/waymo)** Series D · US · Crunchbase News **$16B** With 16 others
- **2025** 18 rounds
- **Dec** **[Lovable](https://millionrounds.com/company/lovable)** Series B · SE · TechCrunch **$330M** *Led*
- **Dec** **[Verkada](https://millionrounds.com/company/verkada)** Growth · US · TechStartups **$1.3B** *Led*
- **Nov** **[Celero Communications](https://millionrounds.com/company/celero-communications)** Series B · US · Ventureburn **$100M** *Led*
- **Nov** **[Kalshi](https://millionrounds.com/company/kalshi)** Series E · US · Conductive Ventures **$1.0B** *Led*
- **Nov** **[Hippocratic AI](https://millionrounds.com/company/hippocratic-ai)** Series C · US · TechStartups **$126M** With 10 others
- **Nov** **[Armis](https://millionrounds.com/company/armis)** Growth · US · TechCrunch **$435M** With 7 others
- **Oct** **[Whatnot](https://millionrounds.com/company/whatnot)** Series F · US · Crunchbase News **$225M** *Led*
- **Oct** **[LangChain](https://millionrounds.com/company/langchain)** Series B · US · TechCrunch **$125M** With 7 others
- **Oct** **[Base Power](https://millionrounds.com/company/base-power)** Series C · US · TechCrunch **$1.0B** With 11 others
- **Oct** **[Kalshi](https://millionrounds.com/company/kalshi)** Series D · US · TechCrunch **$300M** With 6 others
- **Aug** **[Vast Data](https://millionrounds.com/company/vast-data)** US · TechStartups **Undisclosed** With 1 other
- **Jun** **[Clay](https://millionrounds.com/company/clay)** Series C · US · Crunchbase News **$100M** *Led*
- **Jun** **[Tebi](https://millionrounds.com/company/tebi)** Series A · NL · TechCrunch **$34M** *Led*
- **Apr** **[Pennylane](https://millionrounds.com/company/pennylane)** FR · TechStartups **$82M** *Led*
- **Mar** **[Harvey](https://millionrounds.com/company/harvey)** Series D · US · AlleyWatch **$300M** With 11 others
- **Feb** **[NinjaOne](https://millionrounds.com/company/ninjaone)** Series C · US · Crunchbase News **$500M** *Led*
- **Jan** **[Motif](https://millionrounds.com/company/motif)** Series A · US · TechCrunch **$46M** *Led*
- **Jan** **[Whatnot](https://millionrounds.com/company/whatnot)** Series E · US · Crunchbase News **$265M** With 8 others
- **2024** 2 rounds
- **Nov** **[/dev/agents](https://millionrounds.com/company/dev-agents)** Seed · US · TechCrunch **$56M** *Led*
- **Nov** **[Odoo](https://millionrounds.com/company/odoo)** BE · TechCrunch **$527M** *Led*
- **2021** 1 round
- **Mar** **[Strive Health](https://millionrounds.com/company/strive-health)** Growth · US · New Enterprise Associates **$140M** *Led*
- **2019** 5 rounds
- **Dec** **[Duolingo](https://millionrounds.com/company/duolingo)** Series F · US · Prnewswire **$30M** Sole investor
- **Nov** **[Convoy](https://millionrounds.com/company/convoy)** Series D · US · FinSMEs **$400M** With 5 others
- **Oct** **[Unqork](https://millionrounds.com/company/unqork)** Series B · US · FinSMEs **$80M** *Led*
- **Mar** **[Aye Finance](https://millionrounds.com/company/aye-finance)** Series D · IN · Entrackr **$33M** With 3 others

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.

## The team

We hold **90** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**30** of 46 we have independently watched raise

[Airbnb](https://millionrounds.com/company/airbnb)[Astound](https://millionrounds.com/company/astound)[Canva](https://millionrounds.com/company/canva)[CarDekho](https://millionrounds.com/company/cardekho)[Care](https://millionrounds.com/company/care)[Cloudflare](https://millionrounds.com/company/cloudflare)[Constant Contact](https://millionrounds.com/company/constant-contact)[Credit Karma](https://millionrounds.com/company/credit-karma)[Duck Creek Technologies](https://millionrounds.com/company/duck-creek-technologies)[FanDuel](https://millionrounds.com/company/fanduel)[Fireblocks](https://millionrounds.com/company/fireblocks)[Full Truck Alliance](https://millionrounds.com/company/yunmanman)[In AI-obsessed Silicon](https://millionrounds.com/company/toku)[Innolight](https://millionrounds.com/company/innolight)[LendingClub](https://millionrounds.com/company/lending-club)[Lyft](https://millionrounds.com/company/lyft)[MANTL](https://millionrounds.com/company/mantl)[New Relic](https://millionrounds.com/company/new-relic)[Next Insurance](https://millionrounds.com/company/next-insurance)[Niantic](https://millionrounds.com/company/niantic)[Oscar](https://millionrounds.com/company/oscar-health)[Pindrop](https://millionrounds.com/company/pindrop)[Proof](https://millionrounds.com/company/notarize)[Renaissance](https://millionrounds.com/company/renaissance)[Robinhood](https://millionrounds.com/company/robinhood)[SurveyMonkey](https://millionrounds.com/company/surveymonkey)[TeamSystem](https://millionrounds.com/company/teamsystem)[Thumbtack](https://millionrounds.com/company/thumbtack)[Unqork](https://millionrounds.com/company/unqork)[Zscaler](https://millionrounds.com/company/zscaler) 100 Top Women Aye BMI Clay Coupa Digital Currency Group Dreamer Investing in AI, Newfold Digital OMNIA Partners Orca Security Ping Identity Salt Security Snap Strive Health Three Questions With

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Series A Series B

Median round joined **$213M** the round, not its cheque Alone, median **$665M**

Led 20 of 51 rounds **39%**

- **Said size:** $100K – $5.0M
- **Sole investor:** 2 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series C *11*
- Series D *10*
- Series B said *7*
- Growth said *4*
- Series A said *3*
- Seed said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 16
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 14
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 7
- [DST Global](https://millionrounds.com/fund/dst-global) 6
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 6
- [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) 6

**Pitching CapitalG?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Sequoia Capital** VC firm **16** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Andreessen Horowitz** VC firm **14** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**General Catalyst** VC firm **7** rounds together](https://millionrounds.com/fund/general-catalyst)[**DST Global** Private equity **6** rounds together](https://millionrounds.com/fund/dst-global)[**Lightspeed Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Valor Equity Partners** VC firm **6** rounds together](https://millionrounds.com/fund/valor-equity-partners)[**Y Combinator** Accelerator **6** rounds together](https://millionrounds.com/fund/y-combinator)[**Google Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/gv)[**IVP** VC firm **5** rounds together](https://millionrounds.com/fund/ivp)[**Accel** VC firm **4** rounds together](https://millionrounds.com/fund/accel)[**Bessemer Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**Fidelity** VC firm **4** rounds together](https://millionrounds.com/fund/fidelity)

## Recently backed

The latest companies CapitalG put money into.

[**Bedrock Robotics** $600M · Oct 2026](https://millionrounds.com/company/bedrock-robotics)[**Kalshi** $1.0B · Oct 2026](https://millionrounds.com/company/kalshi)[**Clay** $115M · Sept 2026](https://millionrounds.com/company/clay)[**Lovable** $400M · Aug 2026](https://millionrounds.com/company/lovable)[**Hadrian** $1.4B · Aug 2026](https://millionrounds.com/company/hadrian)[**NinjaOne** $400M · Jun 2026](https://millionrounds.com/company/ninjaone)

## On podcasts

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

- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 17 Apr 2025 · 25 min AI Progress and Impact on Ecosystem Players with CapitalG's Jill Chase | AI Basics with Google Cloud With [Jill Chase](https://millionrounds.com/person/jill-chase) Mentions [CapitalG](https://millionrounds.com/fund/capitalg)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page
- [Fund/Build/Scale](https://millionrounds.com/podcasts/fund-build-scale) 25 Sept 2024 · 53 min Unlocking growth-stage VC: Insights from CapitalG's Jill (Greenberg) Chase and James Luo With [James Luo](https://millionrounds.com/person/james-luo) Mentions [CapitalG](https://millionrounds.com/fund/capitalg)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page
- [The Logan Bartlett Show](https://millionrounds.com/podcasts/logan-bartlett-show) 4 Aug 2023 · 1h 12m EP 74: Laela Sturdy (Head of CapitalG) on Why Alphabet Invests in Startups With [Laela Sturdy](https://millionrounds.com/person/laela-sturdy) Mentions [CapitalG](https://millionrounds.com/fund/capitalg) Apple Podcasts
- [Upfront Ventures](https://millionrounds.com/podcasts/upfront-ventures) 5 Apr 2022 · 23 min Laela Sturdy Shares the Secret Sauce to CapitalG | Upfront Summit 2022 With [Laela Sturdy](https://millionrounds.com/person/laela-sturdy) Mentions [CapitalG](https://millionrounds.com/fund/capitalg) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 8 Jul 2021 · 38 min 20VC: CapitalG's Laela Sturdy on The Current State of Growth with Crossover, PE and Hedge Funds All Entering, How To Think Through Upside and Downside Scenario Planning at Growth & The Biggest Challenges Startups Face Post Product-Market-Fit but Pre-Scale With [Laela Sturdy](https://millionrounds.com/person/laela-sturdy) Mentions [CapitalG](https://millionrounds.com/fund/capitalg)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 8 Oct 2020 · 25 min 20VC: CapitalG Founder David Lawee on Why People Overvalue Diversification in Venture, Why Investment Clubs Are More Successful Than Investment Partnerships & How Growth Funds Think About Portfolio Construction, Loss Ratio & Reserves With [David Lawee](https://millionrounds.com/person/david-lawee) Mentions [CapitalG](https://millionrounds.com/fund/capitalg)[Google](https://millionrounds.com/fund/google-assistant-investments) Apple PodcastsShow page

### Mentioned in

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 Sept 2026 · 1h 11m 20VC: Why AI Cannot Replace Humans in Enterprise | Why Work Processes Not Models Will Be The Most Valuable Asset in AI | Why Europe Has Lost and Building in the US vs EU with Daniel Dines, UiPath Apple PodcastsShow page
- [Sourcery](https://millionrounds.com/podcasts/sourcery) 3 Aug 2026 · 25 min Base Power Hits $13B Valuation on $1B Series D Apple PodcastsShow page
- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 5 Feb 2026 · 21 min Duco van Lanschot: Co-Founder and CEO at Duna announcing a $30m Series A! Apple PodcastsShow page
- [Sourcery](https://millionrounds.com/podcasts/sourcery) 8 Oct 2025 · 38 min Base Power Raises $1B led by Addition, with Trust Ventures, Valor Equity, Thrive, Lightspeed, a16z, Altimeter, Stepstone, Elad Gil Apple PodcastsShow page

## Quick answers about CapitalG

### What does CapitalG invest in?

CapitalG invests most often at Series C and Series D (60% of the rounds on record), in sectors such as Adventure Travel, CMS and CloudTech.

### How active is CapitalG?

51 investments on record, 21 of them in the last 12 months, and it led 20. The most recent was in Oct 2026.

### What has CapitalG invested in recently?

Its most recent investments on record: Bedrock Robotics (Series C, Oct 2026), Kalshi (Series G, Oct 2026) and Clay (Series D, Sept 2026).

### How big are CapitalG's cheques?

The median round it joins is $213M. It says it writes cheques of $100K to $5.0M.

### Does CapitalG lead rounds?

Yes: it led 20 of its 51 investments on record (39%).

### Where does CapitalG invest?

Most of the companies it backs are in the United States (82%) and Sweden (5%).

### Is CapitalG investing now?

Yes: it is actively investing, with 21 investments in the last 12 months.

### Who does CapitalG invest alongside?

Most often Sequoia Capital (16 rounds together), Andreessen Horowitz (14 rounds together) and General Catalyst (7 rounds together).

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