What does DBL Partners invest in?
DBL Partners invests most often at Series C and Series B (69% of the rounds on record), in sectors such as Climate Impact (Broad), Climate Tech and Health Care.

United States · Investor
Last cheque observed Feb 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.
QuietNew fund $600M, Mar 2021VC firm
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18 rounds on record
Mostly Series C and Series B: 69% of its rounds
Sole investor in 2 rounds, median $38M
Every round we can evidence, newest first18 appearances
1 round
1 round
3 rounds
6 rounds
1 round
6 rounds
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.
Named by the firm itself, on a filing, its Form ADV or its company registration4 named
We also hold 8 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.
From the firm's own filings with the SEC, which it must file accurately by law
From their own portfolio page (on their website)
WyndAgtonomy-bgGIINIA 50ICMIENIIGCCPRISmack Happy Designus-impact-investing-alliance
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 investors most often in the same rounds as DBL Partners. A count of rooms they were both in, not a relationship either has claimed.
The latest companies DBL Partners put money into.
1 episode naming DBL Partners in the title.

Ep. 183: Nancy Pfund, Founder and Managing Partner at DBL Partners
WithNancy Pfund
MentionsDBL PartnersHambrecht & Quist
DBL Partners invests most often at Series C and Series B (69% of the rounds on record), in sectors such as Climate Impact (Broad), Climate Tech and Health Care.
18 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Feb 2025.
Its most recent investments on record: Chestnut Carbon (Series B, Feb 2025), Menlo Micro (Series C, Mar 2022) and Wheels (Undisclosed round, Oct 2019).
The median round it joins is $37M.
Sometimes: it led 2 of its 18 investments on record (11%).
Most of the companies it backs are in the United States (94%) and Tanzania (6%).
No investments in the last 12 months; the latest was in Feb 2025.
Most often Aspect Ventures (2 rounds together), DFJ (2 rounds together) and Google Ventures (2 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it