# DAG Ventures: portfolio, investments and team

> DAG Ventures is a vc firm based in United States. 228 investments on record, latest Oct 2019. Portfolio, stages, co-investors and team.

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

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

# DAG Ventures

Last cheque observed Oct 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $48M, Nov 2014 VC firm

Seed Series A Series B Cybersecurity Social Food

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

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 228 on record

Since the last cheque **2573** days **00** hrs **00** min **00** sec

Median round **$48M** Rounds led **1 of 228** Sole investor **7 rounds** Exits **47 from the portfolio** Mostly in **United States, 98%**

Pitch DAG Ventures

## DAG Ventures highlights

- 01 228 rounds on record
- 02 Mostly Series C and Series B: 54% of its rounds
- 03 Sole investor in 7 rounds, median $8.5M
- 04 47 exits from the portfolio

## What they do

> A mid-stage venture capital partnership with a service-oriented mindset. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Cybersecurity Social Food
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **228 appearances**

- **2019** 4 rounds
- **Oct** **[Algolia](https://millionrounds.com/company/algolia)** Series C · US · FinSMEs **$110M** With 7 others
- **Aug** **[Pavilion Data Systems](https://millionrounds.com/company/pavilion-data-systems)** Series C · US · FinSMEs **$25M** With 6 others
- **Jul** **[TrustArc](https://millionrounds.com/company/trustarc)** Series D · US · FinSMEs **$70M** With 5 others
- **Mar** **[Point](https://millionrounds.com/company/point)** Series B · US · FinSMEs **$22M** *Led*
- **2018** 2 rounds
- **Dec** **[Crew](https://millionrounds.com/company/crew)** Series C · US · FinSMEs **$35M** With 5 others
- **Jun** **[Avi Networks](https://millionrounds.com/company/avi-networks)** Series D · US · FinSMEs **$60M** With 4 others
- **2017** 4 rounds
- **Oct** **[Nimble](https://millionrounds.com/company/nimble)** US · Nairobihub **$28M** With 2 others
- **Aug** **[Armo Biosciences](https://millionrounds.com/company/armo-biosciences)** Series C · US · FinSMEs **$67M** With 10 others
- **Feb** **[Plays.tv](https://millionrounds.com/company/plays-tv)** Series A · US · FinSMEs **$15M** With 7 others
- **Jan** **[Wealthfront](https://millionrounds.com/company/wealthfront)** US · FinSMEs **$75M** With 6 others
- **2015** 9 rounds
- **Sept** **[Vectra Networks](https://millionrounds.com/company/vectra-networks)** Series D · US **$35M** With 6 others
- **Sept** **[Origami Logic](https://millionrounds.com/company/origami-logic)** Series C · US **$25M** With 1 other
- **Aug** **[Agrivida](https://millionrounds.com/company/agrivida)** Series D · US **$11M** With 9 others
- **Aug** **[Solexel](https://millionrounds.com/company/solexel)** Series D · US **$70M** With 9 others
- **Mar** **[GreenRoad Technologies](https://millionrounds.com/company/greenroad-technologies)** Series G · GB **$26M** With 7 others
- **Mar** **[Birst](https://millionrounds.com/company/birst)** Series F · US **$65M** With 4 others
- **Jan** **[Bloom Energy](https://millionrounds.com/company/bloom-energy)** Growth · US **$130M** With 4 others
- **Jan** **[Machinify](https://millionrounds.com/company/machinify)** Series A · US **Undisclosed** With 2 others
- **Jan** **[Agrivida](https://millionrounds.com/company/agrivida)** Series D · US **$12M** With 8 others
- **2014** 18 rounds
- **Dec** **[Quantenna Communications](https://millionrounds.com/company/quantenna-communications)** Venture · US **$22M** With 5 others
- **Dec** **[Huddle](https://millionrounds.com/company/huddle)** Series D · US **$51M** With 5 others
- **Nov** **[DogVacay](https://millionrounds.com/company/dogvacay)** Series B · US **$25M** With 6 others
- **Nov** **[Gigya](https://millionrounds.com/company/gigya)** Series F · US **$35M** With 8 others
- **Oct** **[Visible Measures](https://millionrounds.com/company/visible-measures)** Series F · US **$7.0M** With 5 others
- **Oct** **[Wealthfront](https://millionrounds.com/company/wealthfront)** Series D · US **$64M** With 7 others
- **Jul** **[Taulia](https://millionrounds.com/company/taulia)** Series D · US **$27M** With 5 others
- **Jul** **[Solexel](https://millionrounds.com/company/solexel)** Series D · US **$31M** With 9 others
- **Jun** **[MCube, Inc](https://millionrounds.com/company/mcube-inc)** Series C · US **$37M** With 6 others
- **May** **[Mustbin](https://millionrounds.com/company/mustbin)** Series A · US **$1.5M** With 6 others
- **May** **[ARMO BioSciences](https://millionrounds.com/company/armo-biosciences)** Series B · US **$30M** With 3 others
- **Apr** **[One Medical Group](https://millionrounds.com/company/one-medical-group)** Growth · US **$40M** With 5 others
- **Apr** **[Avvo](https://millionrounds.com/company/avvo)** Series D · US **$38M** With 3 others
- **Apr** **[Wealthfront](https://millionrounds.com/company/wealthfront)** Series C · US **$35M** With 15 others
- **Mar** **[ClearStory Data](https://millionrounds.com/company/clearstory-data)** Series B · US **$21M** With 4 others
- **Feb** **[Oorja Fuel Cells](https://millionrounds.com/company/oorja-fuel-cells)** Series E · US **Undisclosed** With 1 other
- **Jan** **[SuVolta](https://millionrounds.com/company/suvolta)** Series F · US **$11M** With 4 others
- **Jan** **[Atara Biotherapeutics](https://millionrounds.com/company/atara-biotherapeutics)** Series B · US **$14M** With 6 others
- **2013** 20 rounds
- **Dec** **[Atara Biotherapeutics](https://millionrounds.com/company/atara-biotherapeutics)** Series B · US **$39M** With 5 others
- **Dec** **[Glassdoor](https://millionrounds.com/company/glassdoor)** Series E · US · finsmes.com **$50M** With 5 others
- **Nov** **[ARMO BioSciences](https://millionrounds.com/company/armo-biosciences)** Series A · US · pevc.dowjones.com **$20M** With 2 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

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AW **Arnold W Ackerman** Member, Dag Ventures Management, LLC i Form ADV

GE **Greg Eric Paulson** Member, Dag Ventures Management V, LLC i Form ADV

GT **Greg Thomas Williams** Managing Director of General Partner to Issuer i Filing they signed

GR **Gregory Richard Alan Williams** Managing Director i Form ADV

JJ **John James Cadeddu** Managing Director of General Partner to Issuer i Filing they signed

JM **John M Duff** Managing Director, Dag Ventures Management II, LLC i Form ADV

JJ **Joseph John Zanone** Chief Financial Officer i Form ADV

KH **Kendra Harris Ragatz** Member, Dag Ventures Management IV, LLC i Form ADV

NK **Nicholas Kwasi Pianim** Managing Director i Form ADV

NJ **Nick J. Pianim** Managing Director of General Partner to Issuer i Filing they signed

RT **R Thomas Goodrich** Managing Director i Form ADV

RT **R. Thomas Goodrich** Managing Director of General Partner to Issuer i Filing they signed

YJ **Young Joon Chung** Managing Director of General Partner to Issuer i Filing they signed

We also hold **19** 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 the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$465M** gross assets of its funds Oct 2026

**4+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** DAG Ventures, LLC
- **SEC number:** CRD 162705

## What they claim to have backed

From their own portfolio page (on their website)

**48** of 60 we have independently watched raise

[Ambarella](https://millionrounds.com/company/ambarella)[Aquifi](https://millionrounds.com/company/aquifi)[Avnera](https://millionrounds.com/company/avnera)[Avvo](https://millionrounds.com/company/avvo)[Bloomenergy](https://millionrounds.com/company/bloom-energy)[Boku](https://millionrounds.com/company/boku)[Branch](https://millionrounds.com/company/branch-international)[Chegg](https://millionrounds.com/company/chegg)[Clearstorydata](https://millionrounds.com/company/clearstory-data)[Cleartrip](https://millionrounds.com/company/cleartrip)[Clickatell](https://millionrounds.com/company/clickatell)[Cloudera](https://millionrounds.com/company/cloudera)[Displaylink](https://millionrounds.com/company/displaylink)[Fireeye](https://millionrounds.com/company/fireeye)[Funnyordie](https://millionrounds.com/company/funny-or-die)[Gigya](https://millionrounds.com/company/gigya)[Grubhub](https://millionrounds.com/company/grubhub)[Inspirato](https://millionrounds.com/company/inspirato)[Learnvest](https://millionrounds.com/company/learnvest)[Mcube-inc](https://millionrounds.com/company/mcube-inc)[Newrelic](https://millionrounds.com/company/new-relic)[Nextdoor](https://millionrounds.com/company/nextdoor)[Opendns](https://millionrounds.com/company/opendns)[Oportun](https://millionrounds.com/company/oportun)[Origamilogic](https://millionrounds.com/company/origami-logic)[Pacificbiosciences](https://millionrounds.com/company/pacific-biosciences)[Pentaho](https://millionrounds.com/company/pentaho)[Picarro](https://millionrounds.com/company/picarro)[Pinger](https://millionrounds.com/company/pinger)[Plangrid](https://millionrounds.com/company/plangrid)[Point](https://millionrounds.com/company/point)[Polyvore](https://millionrounds.com/company/polyvore)[Proofpoint](https://millionrounds.com/company/proofpoint)[Recroom](https://millionrounds.com/company/rec-room)[Ringcentral](https://millionrounds.com/company/ringcentral)[Silver-peak](https://millionrounds.com/company/silver-peak)[Taulia](https://millionrounds.com/company/taulia)[Truste](https://millionrounds.com/company/truste)[Upwork](https://millionrounds.com/company/upwork)[Usertesting](https://millionrounds.com/company/usertesting)[Uship](https://millionrounds.com/company/uship)[Vectranetworks](https://millionrounds.com/company/vectra-networks)[Wealthfront](https://millionrounds.com/company/wealthfront)[Wework](https://millionrounds.com/company/wework)[Wonolo](https://millionrounds.com/company/wonolo)[Yelp](https://millionrounds.com/company/yelp)[Zuora](https://millionrounds.com/company/zuora)[Zynga](https://millionrounds.com/company/zynga) Adamaspharma Atarabio Axiomlaw Brighter Design2silicon Jasperwireless Lithium Onemedical Quantenna Silverspringnet Sunrunhome Xoom and 1 more

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.

## Exits from the portfolio

Companies it backed that were later bought or listed **47 in all**

**[StrongView](https://millionrounds.com/company/strongview)** Bought by [HGGC](https://millionrounds.com/fund/hggc) **Undisclosed** Sept 2015

**[Zimbra](https://millionrounds.com/company/zimbra)** Bought by Synacor **$25M** Aug 2015

**[Polyvore](https://millionrounds.com/company/polyvore)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$200M** Jul 2015

**[Xoom Corporation](https://millionrounds.com/company/xoom-corporation)** Bought by PayPal **$890M** Jul 2015

**[Pentaho](https://millionrounds.com/company/pentaho)** Bought by [Hitachi Data Systems](https://millionrounds.com/fund/hitachi-data-systems) **Undisclosed** Feb 2015

**[Cooliris](https://millionrounds.com/company/cooliris)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** Nov 2014

**[High Gear Media](https://millionrounds.com/company/high-gear-media)** Bought by [Internet Brands](https://millionrounds.com/fund/internet-brands) **Undisclosed** Sept 2014

**[Newport Media](https://millionrounds.com/company/newport-media)** Bought by Atmel **Undisclosed** Jul 2014

**[Convertro](https://millionrounds.com/company/convertro)** Bought by [AOL](https://millionrounds.com/fund/aol) **$101M** May 2014

**[Kovio](https://millionrounds.com/company/kovio)** Bought by Thin Film Electronics ASA **$3.7M** Jan 2014

**[ADOR](https://millionrounds.com/company/ador)** Bought by LightInTheBox.com **Undisclosed** Jan 2014

**[Yub](https://millionrounds.com/company/yub)** Bought by Coupons.com **$30M** Dec 2013

**[Wetpaint](https://millionrounds.com/company/wetpaint)** Bought by Viggle, Inc. **$30M** Dec 2013

**[Alta Devices](https://millionrounds.com/company/alta-devices)** Bought by [Hanergy Holding Group](https://millionrounds.com/fund/hanergy-holding-group) **Undisclosed** Dec 2013

**[Aggregate Knowledge](https://millionrounds.com/company/aggregate-knowledge)** Bought by Neustar **$119M** Oct 2013

**[RingCentral](https://millionrounds.com/company/ringcentral)** Listed **$98M** Sept 2013

**[FireEye](https://millionrounds.com/company/fireeye)** Listed **$304M** Sept 2013

**[OptiMedica](https://millionrounds.com/company/optimedica)** Bought by [Abbott Labs](https://millionrounds.com/fund/abbott-labs) **$400M** Jul 2013

**[Zimbra](https://millionrounds.com/company/zimbra)** Bought by Telligent Systems **Undisclosed** Jul 2013

**[YuMe](https://millionrounds.com/company/yume)** Listed **$65M** Jul 2013

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$48M**

raised in Nov 2014

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$48M** the round, not its cheque Alone, median **$8.5M**

Led 1 of 228 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2019
- **Exits:** 47 from the portfolio

Rounds by stage said on their site

- Series C *67*
- Series B said *43*
- Series D *43*
- Series E *24*
- Venture *20*
- Series A said *8*
- Seed said *-*

Cheques by year Led Joined

2004 2019

Often in the room with

- [Benchmark](https://millionrounds.com/fund/benchmark) 64
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 64
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 37
- [Accel](https://millionrounds.com/fund/accel) 35
- [Northgate Capital](https://millionrounds.com/fund/northgate-capital) 23
- [Icon Ventures](https://millionrounds.com/fund/icon-ventures) 14

**Pitching DAG Ventures?** 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 DAG Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Benchmark** VC firm **64** rounds together](https://millionrounds.com/fund/benchmark)[**Kleiner Perkins Caufield & Byers** VC firm **64** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Sequoia Capital** VC firm **37** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Accel** VC firm **35** rounds together](https://millionrounds.com/fund/accel)[**Northgate Capital** Family office **23** rounds together](https://millionrounds.com/fund/northgate-capital)[**Icon Ventures** VC firm **14** rounds together](https://millionrounds.com/fund/icon-ventures)[**Intel Capital** Corporate VC **14** rounds together](https://millionrounds.com/fund/intel-capital)[**Khosla Ventures** VC firm **13** rounds together](https://millionrounds.com/fund/khosla-ventures)[**New Enterprise Associates** VC firm **13** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Mohr Davidow Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/mohr-davidow-ventures)[**Greylock** VC firm **11** rounds together](https://millionrounds.com/fund/greylock-partners)[**Bright Capital** Investment firm **9** rounds together](https://millionrounds.com/fund/bright-capital)

## Recently backed

The latest companies DAG Ventures put money into.

[**Algolia** $110M · Oct 2019](https://millionrounds.com/company/algolia)[**TrustArc** $70M · Jul 2019](https://millionrounds.com/company/trustarc)[**Point** $22M · Mar 2019](https://millionrounds.com/company/point)[**Nimble** $28M · Oct 2017](https://millionrounds.com/company/nimble)[**Plays.tv** $15M · Feb 2017](https://millionrounds.com/company/plays-tv)[**Wealthfront** $75M · Jan 2017](https://millionrounds.com/company/wealthfront)

## Quick answers about DAG Ventures

### What does DAG Ventures invest in?

DAG Ventures invests most often at Series C and Series B (54% of the rounds on record), in sectors such as Cybersecurity, Social and Food.

### How active is DAG Ventures?

228 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Oct 2019.

### What has DAG Ventures invested in recently?

Its most recent investments on record: Algolia (Series C, Oct 2019), Pavilion Data Systems (Series C, Aug 2019) and TrustArc (Series D, Jul 2019).

### How big are DAG Ventures's cheques?

The median round it joins is $48M.

### Does DAG Ventures lead rounds?

Sometimes: it led 1 of its 228 investments on record (0%).

### Where does DAG Ventures invest?

Most of the companies it backs are in the United States (98%).

### Is DAG Ventures investing now?

No investments in the last 12 months; the latest was in Oct 2019.

### Who does DAG Ventures invest alongside?

Most often Benchmark (64 rounds together), Kleiner Perkins Caufield & Byers (64 rounds together) and Sequoia Capital (37 rounds together).

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