# DFJ: portfolio, investments and team

> DFJ is a vc firm based in United States. 525 investments on record, 3 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

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

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

# DFJ

Last cheque observed Aug 2026; 525 cheques on record.

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Deploying now New fund $18M, Jun 2026 VC firm

Series A Series B Venture

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

Deploying now

**75%** of best year **3** **cheques in 12 months**, 525 on record

Since the last cheque **82** days **00** hrs **00** min **00** sec

Median round **$51M** Rounds led **5 of 525** Sole investor **82 rounds** Exits **98 from the portfolio** Mostly in **United States, 97%**

Pitch DFJ

## DFJ highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Series A and Series B: 46% of its rounds
- 03 Sole investor in 82 rounds, median $3.2M
- 04 98 exits from the portfolio

## What they do

> Filed 1 private fund offerings with the SEC, the most recent in 2025-04 From their own website

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

## The record

Every round we can evidence, newest first **525 appearances**

- **2026** 2 rounds
- **Aug** **[Cambridge Aerospace](https://millionrounds.com/company/cambridge-aerospace)** Series C · GB · Silicon Canals **$300M** *Led*
- **Mar** **[XBOW](https://millionrounds.com/company/xbow)** Series C · US · Ventureburn **$120M** *Led*
- **2025** 3 rounds
- **Nov** **[Metropolis Technologies](https://millionrounds.com/company/metropolis-technologies)** Series D · US · Crunchbase News **$500M** With 8 others
- **Jun** **[Neuralink](https://millionrounds.com/company/neuralink)** Series E · US · Crunchbase News **$650M** With 13 others
- **Apr** **[Endor Labs](https://millionrounds.com/company/endor-labs)** Series B · US · TechCrunch **$93M** *Led*
- **2021** 1 round
- **Jul** **[Neuralink](https://millionrounds.com/company/neuralink)** Series C · US · Firms' own news pages **$205M** With 11 others
- **2019** 11 rounds
- **Jul** **[The Boring Company](https://millionrounds.com/company/the-boring-company)** US · TechCrunch **$120M** With 4 others
- **Jul** **[Patreon](https://millionrounds.com/company/patreon)** Series D · US · TechCrunch **$60M** With 5 others
- **Jun** **AnyVision** Series A · US · FinSMEs **$74M** With 6 others
- **Jun** **[Yellowbrick Data](https://millionrounds.com/company/yellowbrick-data)** Series C · US · FinSMEs **$81M** *Led*
- **May** **[Clinc](https://millionrounds.com/company/clinc)** Series B · US · VentureBeat **$52M** With 4 others
- **Apr** **[Vital](https://millionrounds.com/company/vital)** Seed · US · FinSMEs **$5.2M** *Led*
- **Apr** **[Outreach](https://millionrounds.com/company/outreach)** Series E · US · Outreach **$114M** With 9 others
- **Mar** **[Splice](https://millionrounds.com/company/splice)** Series C · US · FinSMEs **$58M** With 4 others
- **Mar** **[LaunchDarkly](https://millionrounds.com/company/launchdarkly)** Series C · US · VentureBeat **$44M** With 4 others
- **Jan** **[NumberAI](https://millionrounds.com/company/numberai)** Series A · US · VentureBeat **$11M** With 2 others
- **Jan** **[Pro.com](https://millionrounds.com/company/pro-com)** Series B · US · TechCrunch **$33M** With 9 others
- **2018** 12 rounds
- **Dec** **[Set Protocol](https://millionrounds.com/company/set-protocol)** US · Medium **$2.0M** With 2 others
- **Dec** **[Zymergen](https://millionrounds.com/company/zymergen)** Series C · US · FinSMEs **$400M** With 6 others
- **Sept** **[Ooda Health](https://millionrounds.com/company/ooda-health)** Series A · US · FinSMEs **$41M** With 1 other
- **Aug** **[Yellowbrick Data](https://millionrounds.com/company/yellowbrick-data)** Series A · US · FinSMEs **$44M** With 4 others
- **May** **[Outreach](https://millionrounds.com/company/outreach)** Series D · US · FinSMEs **$65M** With 6 others
- **May** **[InsightSquared](https://millionrounds.com/company/insightsquared)** Series D · US · FinSMEs **$23M** With 6 others
- **Apr** **[Formlabs](https://millionrounds.com/company/formlabs)** Series C · US · FinSMEs **$30M** With 4 others
- **Mar** **[Atomwise](https://millionrounds.com/company/atomwise)** Series A · US · FinSMEs **$45M** With 7 others
- **Jan** **[Divvy](https://millionrounds.com/company/divvy)** US · FinSMEs **$7.0M** With 1 other
- **Jan** **[Front App](https://millionrounds.com/company/front-app)** Series B · US · TechCrunch **$66M** With 1 other
- **Jan** **[Katerra](https://millionrounds.com/company/katerra)** Series D · US · FinSMEs **$865M** With 9 others
- **Jan** **[CircleCI](https://millionrounds.com/company/circleci)** Series C · US · FinSMEs **$31M** With 5 others
- **2017** 6 rounds
- **Oct** **[Remitly](https://millionrounds.com/company/remitly)** Series D · US · FinSMEs **$115M** With 2 others
- **Oct** **[Mapbox](https://millionrounds.com/company/mapbox)** Series C · US · FinSMEs **$164M** With 3 others
- **Jun** **[Sumo Logic](https://millionrounds.com/company/sumo-logic)** US · TechCrunch **$75M** With 6 others
- **Jun** **[Vineti](https://millionrounds.com/company/vineti)** Series A · US · FinSMEs **$14M** With 3 others
- **Feb** **[Diamanti](https://millionrounds.com/company/diamanti)** Series B · US · FinSMEs **$18M** With 3 others
- **Jan** **[Ring](https://millionrounds.com/company/ring)** US · FinSMEs **$109M** With 5 others
- **2016** 11 rounds
- **Dec** **[DroneDeploy](https://millionrounds.com/company/dronedeploy)** **$20M** With 9 others
- **Nov** **[BetterUp](https://millionrounds.com/company/betterup)** Series A · US · FinSMEs **$13M** Sole investor
- **Nov** **[Periscope Data](https://millionrounds.com/company/periscope-data)** US · TechCrunch **$25M** With 36 others
- **Aug** **[Elation Health](https://millionrounds.com/company/elation-health)** Series B · US · FinSMEs **$15M** Sole investor
- **Jul** **[Reflect](https://millionrounds.com/company/reflect)** Seed · US · VentureBeat **$2.5M** Sole investor

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**

AS **Andreas Stavropoulos** Executive Officer i Filing they signed

BM **Barry M. Schuler** Managing Member of the General Partner i Filing they signed

DF **Donald F Wood** Managing Member (Draper Fisher Jurvetson Management Company X, LLC) i Form ADV

EM **Emily Melton** Managing Member of the General Partner i Filing they signed

JH **John Herbert Newall Fisher** Director of the General Partner of the General Partner i Filing they signed

JL **Johnna Lesch** CFO i Form ADV

JS **Josh Stein** Managing Member of the General Partner i Filing they signed

JS **Joshua Stein** Managing Member i Form ADV

MB **Mark Bailey** Managing Member (2006 Class Interest) i Form ADV

RS **Randall S. Glein** Director of the General Partner of the General Partner i Filing they signed

RS **Randy S. Glein** Managing Member (2013 Class Interest) i Form ADV

SJ **Steve Jurvetson** Executive Officer i Filing they signed

TC **Timothy Cook Draper** Director of the General Partner of the General Partner 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

**$28B** gross assets of its funds, 2 advisers combined Oct 2026

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

- **Legal name:** DFJ Management, LLC
- **SEC number:** CRD 162463

## Exits from the portfolio

Companies it backed that were later bought or listed **98 in all**

**[Zoox](https://millionrounds.com/company/zoox)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$1.2B** Jun 2020

**[Ring](https://millionrounds.com/company/ring)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **$839M** Feb 2018

**[Redux](https://millionrounds.com/company/redux)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jan 2018

**[SimpliVity](https://millionrounds.com/company/simplivity)** Bought by Hp **$650M** May 2017

**[Good Technology](https://millionrounds.com/company/good-technology)** Bought by [BlackBerry](https://millionrounds.com/fund/cylance) **$425M** Sept 2015

**[Selligy](https://millionrounds.com/company/selligy)** Bought by Veeva **Undisclosed** Jul 2015

**[SugarSync](https://millionrounds.com/company/sugarsync)** Bought by J2 Global, Inc. **Undisclosed** Mar 2015

**[TrialPay](https://millionrounds.com/company/trialpay)** Bought by [Visa](https://millionrounds.com/fund/visa) **Undisclosed** Feb 2015

**[BinOptics](https://millionrounds.com/company/binoptics)** Bought by M/A-COM Technology Solutions **$230M** Nov 2014

**[isocket](https://millionrounds.com/company/isocket)** Bought by Rubicon Project **Undisclosed** Nov 2014

**[Xtime](https://millionrounds.com/company/xtime)** Bought by [Cox Automotive](https://millionrounds.com/fund/cox-automotive) **$325M** Nov 2014

**[Neul](https://millionrounds.com/company/neul)** Bought by Huawei Technologies **$25M** Sept 2014

**[Location Labs](https://millionrounds.com/company/location-labs)** Bought by [AVG Technologies](https://millionrounds.com/fund/avg-technologies) **$220M** Sept 2014

**[Emu Messenger](https://millionrounds.com/company/emu-messenger)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Aug 2014

**[Concept.io](https://millionrounds.com/company/concept-io)** Bought by [Apple](https://millionrounds.com/fund/apple) **$30M** Jul 2014

**[Eventful](https://millionrounds.com/company/eventful)** Bought by CBS Local Media **Undisclosed** Jul 2014

**[Flurry](https://millionrounds.com/company/flurry)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$200M** Jul 2014

**[Newsle](https://millionrounds.com/company/newsle)** Bought by [LinkedIn](https://millionrounds.com/fund/linkedin) **Undisclosed** Jul 2014

**[Redux](https://millionrounds.com/company/redux)** Bought by Crunchyroll **Undisclosed** Jun 2014

**[Molecular Imprints](https://millionrounds.com/company/molecular-imprints)** Bought by [Canon](https://millionrounds.com/fund/canon) **Undisclosed** Apr 2014

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

**$18M**

raised in Jun 2026

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

## The cheque

Series A Series B Venture

Median round joined **$51M** the round, not its cheque Alone, median **$3.2M**

Led 5 of 525 rounds **1%**

- **Sole investor:** 82 rounds
- **Last cheque:** Aug 2026
- **Exits:** 98 from the portfolio

Rounds by stage said on their site

- Series A *109*
- Series B *108*
- Venture *89*
- Series C *81*
- Series D *57*
- Seed *29*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Draper Richards](https://millionrounds.com/fund/draper-richards) 21
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) 16
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 16
- [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) 15
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 14
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 13

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

[**Draper Richards** Investment firm **21** rounds together](https://millionrounds.com/fund/draper-richards)[**Bessemer Venture Partners** VC firm **16** rounds together](https://millionrounds.com/fund/bessemer-venture-partners)[**New Enterprise Associates** VC firm **16** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**U.S. Venture Partners** VC firm **15** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp)[**Kleiner Perkins Caufield & Byers** VC firm **14** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Sequoia Capital** VC firm **13** rounds together](https://millionrounds.com/fund/sequoia-capital)[**DFJ Gotham Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/dfj-gotham-ventures)[**Greylock** VC firm **12** rounds together](https://millionrounds.com/fund/greylock-partners)[**Meritech Capital Partners** VC firm **12** rounds together](https://millionrounds.com/fund/meritech-capital-partners)[**New Atlantic Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/new-atlantic-ventures)[**Harris & Harris Group** Growth equity **11** rounds together](https://millionrounds.com/fund/harris-and-harris-group)[**Sapphire Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/sapphire-ventures)

## Recently backed

The latest companies DFJ put money into.

[**Cambridge Aerospace** $300M · Aug 2026](https://millionrounds.com/company/cambridge-aerospace)[**XBOW** $120M · Mar 2026](https://millionrounds.com/company/xbow)[**Metropolis Technologies** $500M · Nov 2025](https://millionrounds.com/company/metropolis-technologies)[**Neuralink** $650M · Jun 2025](https://millionrounds.com/company/neuralink)[**Endor Labs** $93M · Apr 2025](https://millionrounds.com/company/endor-labs)[**The Boring Company** $120M · Jul 2019](https://millionrounds.com/company/the-boring-company)

## Quick answers about DFJ

### What does DFJ invest in?

DFJ invests most often at Series A and Series B (46% of the rounds on record).

### How active is DFJ?

525 investments on record, 3 of them in the last 12 months, and it led 5. The most recent was in Aug 2026.

### What has DFJ invested in recently?

Its most recent investments on record: Cambridge Aerospace (Series C, Aug 2026), XBOW (Series C, Mar 2026) and Metropolis Technologies (Series D, Nov 2025).

### How big are DFJ's cheques?

The median round it joins is $51M.

### Does DFJ lead rounds?

Sometimes: it led 5 of its 525 investments on record (1%).

### Where does DFJ invest?

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

### Is DFJ investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does DFJ invest alongside?

Most often Draper Richards (21 rounds together), Bessemer Venture Partners (16 rounds together) and New Enterprise Associates (16 rounds together).

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