# G Squared: portfolio, investments and team

> G Squared is a vc firm based in United States. 10 investments on record, 6 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# G Squared

Last cheque observed Sep 2026; 10 cheques on record.

Email

VC firm Deploying now New fund $1.3B, Jun 2026

Seed Series A Series B AI Data Infrastructure Security

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

Deploying now

**100%** of best year **6** **cheques in 12 months**, 10 on record

Since the last cheque **42** days **00** hrs **00** min **00** sec

Median round **$318M** Rounds led **0 of 10** Mostly in **United States, 89%**

Pitch G Squared

## G Squared highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Series B and Series F: 67% of its rounds

## What they do

> providing the capital, liquidity solutions, and conviction required to turn growth into lasting impact 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:** AI Data Infrastructure Security
- **Based in:** Chicago, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **10 appearances**

- **2026** 6 rounds
- **Sept** **[Island](https://millionrounds.com/company/island)** Series F · US · Bharat Fast **$400M** With 14 others
- **Sept** **[Poseidon Aerospace](https://millionrounds.com/company/poseidon-aerospace)** Series A · US · Ventureburn **$60M** With 7 others
- **Jul** **[Onyx Security](https://millionrounds.com/company/onyx-security)** Series B · Ventureburn **$113M** With 7 others
- **May** **[Stord](https://millionrounds.com/company/stord)** Series F · US · TechCrunch **$250M** With 9 others
- **May** **[True Anomaly](https://millionrounds.com/company/true-anomaly)** Series D · US · Crunchbase News **$600M** With 8 others
- **Mar** **[Replit](https://millionrounds.com/company/replit)** Growth · US · TechCrunch **$400M** With 15 others
- **2025** 1 round
- **Sept** **[Nscale](https://millionrounds.com/company/nscale)** Series B · GB · Firms' own news pages **$1.1B** With 9 others
- **2019** 1 round
- **Sept** **[Kitchen United](https://millionrounds.com/company/kitchen-united)** Series B · US · FinSMEs **$40M** With 3 others
- **2018** 2 rounds
- **Dec** **[Fair](https://millionrounds.com/company/fair)** Series B · US · FinSMEs **$385M** With 3 others
- **Apr** **[BitPay](https://millionrounds.com/company/bitpay)** US · FinSMEs **$40M** With 7 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 **9 named**

CJ **Caleb John Hanlon** Chief Compliance Officer i Form ADV

JD **Jeffrey Daniel Barton** Chief Legal Officer i Form ADV

LA **L. Aschebrook Larry** Promoter i Filing they signed

LL **Larry Lee Aschebrook** Managing Member of the General Partner i Filing they signed

LL **Luis L Rivera** Managing Member of the General Partner i Filing they signed

RB **Richard Blake Harris** Managing Member of the General Partner i Filing they signed

SC **Spencer Christian Mcleod** Managing Member of the General Partner i Filing they signed

TL **Thomas Lawrence Hoban** Chief Operating Officer i Form ADV

TW **Tyson Wade Morgan** Managing Member of the General Partner i Filing they signed

We also hold **13** 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

**$6.6B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** G Squared Equity Management LP
- **SEC number:** CRD 289285

Funds on its Form ADV

**12** private funds, **$3.1B** in gross assets · filed Mar 2024

- G Squared V, SCSP *Private equity* 405 investors $816M
- G Squared V, L.P. *Private equity* 528 investors $564M
- G Squared Opportunities Fund V LLC *Private equity* 382 investors $389M
- G Squared VI, L.P. *Private equity* 363 investors $274M
- G Squared VI, SCSP *Private equity* 172 investors $262M
- G Squared IV, SCSP *Private equity* 139 investors $201M
- G Squared IV, L.P. *Private equity* 85 investors $180M
- G Squared Opportunities Fund VI LLC *Private equity* 312 investors $169M
- G Squared Opportunities Fund IV LLC *Private equity* 332 investors $124M
- G Squared Opportunities ICAV *Private equity* 36 investors $112M

And 2 more on the filing.

Who backs their funds

## 1 LP on record in G Squared's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Campden Hill Capital** 1 fund](https://millionrounds.com/fund/campden-hill-capital) Fund Vintage Committed g squared - -

New fund on file

**$1.3B**

raised in Jun 2026

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 **$318M** the round, not its cheque

Led 0 of 10 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Series B said *4*
- Series F *2*
- Growth said *1*
- Series A said *1*
- Series D *1*
- Seed said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Coatue](https://millionrounds.com/fund/coatue-management) 2
- [Georgian](https://millionrounds.com/fund/georgian) 2
- [Prysm Capital](https://millionrounds.com/fund/prysm-capital) 2

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

[**Coatue** VC firm **2** rounds together](https://millionrounds.com/fund/coatue-management)[**Georgian** VC firm **2** rounds together](https://millionrounds.com/fund/georgian)[**Prysm Capital** Private equity **2** rounds together](https://millionrounds.com/fund/prysm-capital)

## Recently backed

The latest companies G Squared put money into.

[**Island** $400M · Sept 2026](https://millionrounds.com/company/island)[**Poseidon Aerospace** $60M · Sept 2026](https://millionrounds.com/company/poseidon-aerospace)[**Onyx Security** $113M · Jul 2026](https://millionrounds.com/company/onyx-security)[**Stord** $250M · May 2026](https://millionrounds.com/company/stord)[**True Anomaly** $600M · May 2026](https://millionrounds.com/company/true-anomaly)[**Replit** $400M · Mar 2026](https://millionrounds.com/company/replit)

## On podcasts

1 episode naming G Squared in the title, and 4 more that mention it.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 16 Jun 2025 · 1h 35m 20VC: How We Made $800M on Coursera | We Lost Money on Uber and Made Money on Lyft | We Did 3x on Postmates in 18 Months | DPI is King, MOIC is BS | We Dodged Theranos and I Still Lost Millions with Larry Aschebrook @ G Squared With [Larry Aschebrook](https://millionrounds.com/person/larry-aschebrook) Mentions [G Squared](https://millionrounds.com/fund/g-squared)[Cal Ripken](https://millionrounds.com/person/cal-ripken) Apple PodcastsShow page

### Mentioned in

- [Term Sheet](https://millionrounds.com/podcasts/term-sheet) 11 Jun 2026 · 54 min The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term Sheet Apple Podcasts
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 13 Nov 2024 · 1h 29m 20VC: Bolt; The Most Insane Story in Startups | Turning a $5K Loan into an $8BN Company | Why Every VC Turned Down One of Europe's Biggest Winners | Competing with Uber & The Future of Micromobility and Self-Driving Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 28 Aug 2024 · 21 min B2B Payments Maestro: Tipalti’s Chen Amit Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 26 Aug 2024 · 1h 16m The charges against Pavel Durov, the future of encryption, and secondaries are heating up | E1998 Apple PodcastsShow page

## Quick answers about G Squared

### What does G Squared invest in?

G Squared invests most often at Series B and Series F (67% of the rounds on record), in sectors such as AI, Data Infrastructure and Security.

### How active is G Squared?

10 investments on record, 6 of them in the last 12 months. The most recent was in Sept 2026.

### What has G Squared invested in recently?

Its most recent investments on record: Island (Series F, Sept 2026), Poseidon Aerospace (Series A, Sept 2026) and Onyx Security (Series B, Jul 2026).

### How big are G Squared's cheques?

The median round it joins is $318M.

### Does G Squared lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does G Squared invest?

Most of the companies it backs are in the United States (89%) and the United Kingdom (11%).

### Is G Squared investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does G Squared invest alongside?

Most often Coatue (2 rounds together), Georgian (2 rounds together) and Prysm Capital (2 rounds together).

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