# DBL Partners: portfolio, investments and team > DBL Partners is a vc firm based in United States. 18 investments on record, latest Feb 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/dbl-partners (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # DBL Partners Last cheque observed Feb 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $600M, Mar 2021 VC firm Buyout Debt Growth Climate Impact (Broad) Climate Tech Health Care Follow DBL Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fdbl-partners) Cheques on record **0%** of best year **0** **cheques in 12 months**, 18 on record Since the last cheque **626** days **00** hrs **00** min **00** sec Median round **$37M** Rounds led **2 of 18** Sole investor **2 rounds** Mostly in **United States, 94%** Pitch DBL Partners ## DBL Partners highlights - 01 18 rounds on record - 02 Mostly Series C and Series B: 69% of its rounds - 03 Sole investor in 2 rounds, median $38M ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Buyout Debt Growth Seed Series A - **Sectors:** Climate Impact (Broad) Climate Tech Health Care - **Based in:** Palo Alto, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **18 appearances** - **2025** 1 round - **Feb** **[Chestnut Carbon](https://millionrounds.com/company/chestnut-carbon)** Series B · US · AlleyWatch **$160M** With 3 others - **2022** 1 round - **Mar** **[Menlo Micro](https://millionrounds.com/company/menlo-micro)** Series C · US · Firms' own news pages **$150M** With 7 others - **2019** 3 rounds - **Oct** **[Wheels](https://millionrounds.com/company/wheels)** US · TechCrunch **$50M** *Led* - **Sept** **[Bellwether Coffee](https://millionrounds.com/company/bellwether-coffee)** Series B · US · FinSMEs **$40M** With 10 others - **Jun** **[Better Place Forests](https://millionrounds.com/company/better-place-forests)** US · Nytimes **$12M** *Led* - **2017** 6 rounds - **Nov** **[Farmer's Business Network](https://millionrounds.com/company/farmer-s-business-network)** Series D · US · FinSMEs **$110M** With 3 others - **Oct** **[Mapbox](https://millionrounds.com/company/mapbox)** Series C · US · FinSMEs **$164M** With 3 others - **Oct** **[UrbanSitter](https://millionrounds.com/company/urbansitter)** Series C · US · FinSMEs **$17M** With 4 others - **Aug** **[BrainScope](https://millionrounds.com/company/brainscope)** US · FinSMEs **$16M** With 3 others - **Jul** **[Advanced Microgrid](https://millionrounds.com/company/advanced-microgrid)** Series B · FinSMEs **$34M** With 5 others - **Mar** **[Primus Power](https://millionrounds.com/company/primus-power)** US · FinSMEs **$32M** With 5 others - **2016** 1 round - **Aug** **[Farmer's Business Network](https://millionrounds.com/company/farmer-s-business-network)** US · FinSMEs **$20M** With 6 others - **2015** 6 rounds - **Nov** **[Ruby Ribbon](https://millionrounds.com/company/ruby-ribbon)** Series C · US **$7.5M** With 3 others - **Oct** **[Off Grid Electric](https://millionrounds.com/company/off-grid-electric)** Series C · TZ **$25M** Sole investor - **Sept** **[Primus Power](https://millionrounds.com/company/primus-power)** Series D · US **$25M** With 4 others - **Jul** **[Advanced Microgrid Solutions](https://millionrounds.com/company/advanced-microgrid-solutions)** Series A · US **$18M** With 1 other - **Jun** **[Mapbox](https://millionrounds.com/company/mapbox)** Series B · US **$53M** With 6 others - **May** **[The Muse](https://millionrounds.com/company/the-muse)** Series A · US **$10M** 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 Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** CK **Carol Katigbak Wong** Fund Manager and Regulatory Contact Person i Form ADV CJ **Cynthia Jeanne Ringo** Managing Partner i Form ADV IM **Ira M Ehrenpreis** Managing Member i Filing they signed NE **Nancy Ellen Pfund** Managing Partner i Form ADV 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. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$9.9B** gross assets of its funds, 2 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** DBL Investors, LLC - **SEC number:** CRD 144878 ## What they claim to have backed From their own portfolio page (on their website) **1** of 10 we have independently watched raise [Wynd](https://millionrounds.com/company/wynd) Agtonomy-bg GIIN IA 50 ICM IEN IIGCC PRI Smack Happy Design us-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. New fund on file **$600M** raised in Mar 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Debt Growth Median round joined **$37M** the round, not its cheque Alone, median **$38M** Led 2 of 18 rounds **11%** - **Sole investor:** 2 rounds - **Last cheque:** Feb 2025 Rounds by stage said on their site - Series C *5* - Series B *4* - Series A said *2* - Series D *2* - Buyout said *-* - Debt said *-* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Aspect Ventures](https://millionrounds.com/fund/aspect-ventures) 2 - [DFJ](https://millionrounds.com/fund/dfj) 2 - [Google Ventures](https://millionrounds.com/fund/gv) 2 **Pitching DBL Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside 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. [**Aspect Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/aspect-ventures)[**DFJ** VC firm **2** rounds together](https://millionrounds.com/fund/dfj)[**Google Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/gv) ## Recently backed The latest companies DBL Partners put money into. [**Chestnut Carbon** $160M · Feb 2025](https://millionrounds.com/company/chestnut-carbon)[**Menlo Micro** $150M · Mar 2022](https://millionrounds.com/company/menlo-micro)[**Wheels** $50M · Oct 2019](https://millionrounds.com/company/wheels)[**Better Place Forests** $12M · Jun 2019](https://millionrounds.com/company/better-place-forests)[**Mapbox** $164M · Oct 2017](https://millionrounds.com/company/mapbox)[**UrbanSitter** $17M · Oct 2017](https://millionrounds.com/company/urbansitter) ## On podcasts 1 episode naming DBL Partners in the title. - [Inevitable](https://millionrounds.com/podcasts/inevitable) 15 Nov 2021 · 60 min Ep. 183: Nancy Pfund, Founder and Managing Partner at DBL Partners With [Nancy Pfund](https://millionrounds.com/person/nancy-pfund) Mentions [DBL Partners](https://millionrounds.com/fund/dbl-partners)[Hambrecht & Quist](https://millionrounds.com/fund/hambrecht-and-quist) Apple PodcastsShow page ## Quick answers about DBL Partners ### 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. ### How active is DBL Partners? 18 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Feb 2025. ### What has DBL Partners invested in recently? Its most recent investments on record: Chestnut Carbon (Series B, Feb 2025), Menlo Micro (Series C, Mar 2022) and Wheels (Undisclosed round, Oct 2019). ### How big are DBL Partners's cheques? The median round it joins is $37M. ### Does DBL Partners lead rounds? Sometimes: it led 2 of its 18 investments on record (11%). ### Where does DBL Partners invest? Most of the companies it backs are in the United States (94%) and Tanzania (6%). ### Is DBL Partners investing now? No investments in the last 12 months; the latest was in Feb 2025. ### Who does DBL Partners invest alongside? Most often Aspect Ventures (2 rounds together), DFJ (2 rounds together) and Google Ventures (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=dbl-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=dbl-partners)