DFJ Growth — Three of a Kind

DFJ Growth Partners. left to right — Sam Fort, Barry Schuler, John Fisher, Randy Glein, Mark Bailey

We are pleased to announce the closing of our third DFJ Growth fund with total capital commitments of $535 million

This fund, which is oversubscribed and somewhat larger than our previous Growth fund, represents a natural progression for our team and investment strategy. We are grateful to our longtime investors who continue to support us, and we welcome several new investors who have joined our mission of partnering with exceptional entrepreneurs who are transforming markets and the world through technological innovation.

Over a Decade of Visioneering

We formed DFJ Growth more than a decade ago to help entrepreneurs scale their companies. We formed this strategy in response to changes we saw emerging in the public stock markets, which had begun seeking more scale and predictability in companies than in the past. This shift meant companies would stay private longer and need more capital and scaling expertise as they move through the hypergrowth phase of their development on the path to IPO. So, we pulled together our Growth team, with collective experience as entrepreneurs, operators, and investors who have helped scale numerous tech companies during their careers, and who give our portfolio companies everything we have in our arsenal to help them achieve their greatest aspirations. Our thesis has since proven out as the public markets now typically require companies in the tech sector to reach $100 to $200 million or more in revenue prior to IPO. This situation has created a vibrant market for financing the growth of these companies while they remain private, with DFJ Growth being one of the earliest entrants and leading participants over the past decade.

Backing Game-Changing Companies and Big Thinkers

Our team has seen remarkable value creation in the private markets as technology companies have grown and scaled. We have been fortunate to invest and partner with some of the iconic companies built in the last 10 years, including AdMob, Box, SolarCity, SpaceX, Tesla, Twitter, Tumblr, and Yammer. Furthermore, we are excited about our next wave of rapidly growing game changers, which include Anaplan, Cylance, Formlabs, Giphy, Katerra, Mapbox, Ring, Unity, and others. We are passionate about participating in the innovation economy, and our new DFJ Growth fund will enable us to continue our constant and vigorous pursuit to find the next big thing. Technological innovation holds the promise of opening new windows to the future. We will continue to climb through these windows, using our new fund to play a role in envisioning and helping to create a brighter future. We believe passionately that technology companies will continue to improve society by creating jobs, contributing to productivity increases in the world economy, and increasing the accessibility and efficient use of resources. We look forward to partnering with the extraordinary entrepreneurs and their teams who are bringing the future forward.

The Partners of DFJ Growth