DAG Ventures
{{Short description|American venture capital firm}}
{{More citations needed|date=November 2019}}
{{Infobox company
| name = DAG Ventures
| logo = File:DAG Ventures logo.tif
| type = Private
| genre =
| founded = {{Start date and age|2004}}
| founders = {{ubl| Tom Goodrich | John Cadeddu}}
| location_city = Palo Alto, California
| location_country = USA
| location =
| locations =
| area_served =
| key_people =
| industry = Private equity
| products = {{ubl|Investments|Venture capital|Growth capital}}
| services =
| operating_income =
| assets =
| divisions =
| subsid =
| num_employees =
| caption =
| homepage = {{URL|www.dagventures.com}}
| footnotes =
| intl =
}}
DAG Ventures is an American venture capital firm based in Palo Alto, California. DAG Ventures works with startups in providing early stage and growth stage funding. Since its founding in 2004, by Tom Goodrich and John Cadeddu, the firm has backed nearly 180 ventures, including Ambarella Inc., Armo Biosciences, Eventbrite, Fireeye, Glassdoor, Grubhub, Nextdoor, Wealthfront, Wix.com, Yelp, and Zettle.{{cite news|publisher=TechCrunch|url=https://techcrunch.com/2014/03/31/clearstory-raises-21m-from-dag-ventures-kpcb-a16z-to-bring-data-intelligence-to-the-masses/|date=March 31, 2014 |title=ClearStory Raises $21M From DAG Ventures, KPCB, A16Z To Bring Data Intelligence To The Masses |first=Leena|last=Rao}}
Funds
DAG Ventures was created out of Duff Ackerman & Goodrich, a private investment firm formed in 1991.{{cite web |url=https://www.bizjournals.com/sanfrancisco/stories/1999/03/08/newscolumn4.html |title=Duff, Ackerman & Goodrich's new deal: $100M fund |date=March 7, 1999 |first=Clifford |last=Carlsen |work=American City Business Journals}}{{cite web |url=https://www.venturecapitaljournal.com/dag-ventures-hits-500m-target/ |title=DAG Ventures Hits $500m Target |date=February 24, 2010 |first=Erin |last=Griffith |work=Venture Capital Journal}}
In June 2011, DAG Ventures announced their fifth fund.{{cite news|publisher=VentureBeat|url=https://venturebeat.com/2011/06/24/dag-ventures-fund-v/|date=June 24, 2011 |title=Breaking: DAG Ventures raising new $500M funds |first=Matthew|last=Lynley}}
In 2019, founding members of DAG Ventures launched a new venture fund, the Corner Ventures DAG Fund.{{cite news|publisher=SEC|url=https://sec.report/CIK/0001778002|date=May 28, 2019 |title=Security and Exchange Commission registration}}
Investments
{{More citations needed section|date=February 2022}}
DAG Ventures has invested in almost 250 startups, since its inception in 2004. Notable ones are including,
{{columns-list|colwidth=30em|
- AdMob (acquired by Google)
- Altor Networks (acquired by Juniper Networks)
- Ambarella Inc. (IPO in Oct 2012)
- Avvo
- Bloom Energy (IPO in July 2018)
- Boku (IPO in Nov 2017)
- Brighter (acquired by Cigna)
- Chegg (IPO in Nov 2013)
- Cloudera
- Convertro (acquired by AOL)
- Displaylink (acquired by Synaptics)
- Eventbrite (IPO in Sep 2018)
- FireEye (IPO in Sep 2013)
- Fortify Software (acquired by HP)
- Funny or Die
- Glassdoor
- Grubhub (IPO in Apr 2014)
- Mint.com (acquired by Intuit)
- New Relic (IPO in Dec 2014)
- Nextdoor (IPO in Nov 2021)
- Oakley Networks (acquired by Raytheon){{Cite news |last=Garretson |first=Cara |date=October 23, 2007 |title=Raytheon closes acquisition of Oakley Systems|url=https://www.networkworld.com/article/2287507/raytheon-closes-acquisition-of-oakley-systems.html|work= Network World |access-date=February 6, 2021}}
- OpenDNS (acquired by Cisco){{Cite news |last=Miller |first=Ron |date= June 30, 2015 |title=Cisco to buy Cloud Security Company OpenDNS for $635M in cash|url=https://techcrunch.com/2015/06/30/cisco-to-buy-cloud-security-company-opendns-for-635m-in-cash/|work= TechCrunch |access-date=February 6, 2021}}
- RingCentral (IPO in Sep 2013)
- SeekingAlpha
- SunRun (IPO in 2015)
- Upwork (IPO in October 2018)
- TrustArc
- Wework
- Xoom (acquired by PayPal){{Cite news |last=Loizos |first=Connie |date= July 1, 2015 |title=Paypal agrees to buy Xoom for $890 million |url=https://techcrunch.com/2015/07/01/paypal-agrees-to-buy-xoom-for-890-million/|work= TechCrunch |access-date=February 6, 2021}}
- Yelp (IPO in Mar 2012)
- Zimbra (acquired by Yahoo){{Cite news |last=Arrington |first=Michael |date= September 17, 2007 |title=Breaking:Yahoo acquires Zimbra for $350 million in Cash|url=https://techcrunch.com/2007/09/17/breaking-yahoo-acquires-zimbra-for-350-million/|work= TechCrunch |access-date=February 6, 2021}}
- Zuora (IPO in Apr 2018)
- Zynga (IPO in Dec 2011)
}}
References
{{reflist}}