CapitalG

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CapitalG
Subsidiary
IndustryPrivate equity
Founded2013; 6 years ago (2013) (as Google Capital)
Headquarters
ParentGoogle Inc (2013–2015)
Alphabet Inc. (2015–present)
Websitecapitalg.com

CapitalG (formerly Google Capital) is a private equity firm under Alphabet Inc.[1] Founded in 2013, it focuses on larger, growth stage technology companies, and invests for profit rather than strategically for Google.[2] In addition to capital investment, CapitalG's approach includes giving portfolio companies access to Google's people, knowledge, and culture to support the companies' growth and offer them guidance.[2]

Since 2013, CapitalG has invested in over 25 companies, in areas such as big data, financial technology, security, and e-learning.[3]

History[edit]

The fund began operating in 2013[4] but was only officially unveiled on February 19, 2014.[5][6] The firm operates out of the Googleplex in Mountain View and has an annual investing target of approximately $300 million.[1][2] Following the Alphabet restructure, Google Capital was renamed as CapitalG on November 4, 2016.[7]

Team[edit]

CapitalG was started by partner David Lawee, formerly Google's Vice President of Corporate Development, and before that, Google's first Vice President of Marketing. Lawee was joined by partners Gene Frantz (formerly a partner at private equity firm TPG), Laela Sturdy (former Director of Sales & Business Operations at Google) and Gretchen Howard (former Managing Director in Sales & Business Operations at Google.)[2][8]

CapitalG also comprises over 30 advisors from senior positions within Google, who offer portfolio companies guidance in business areas such as data science, engineering, marketing, and product management.[9]

Investments[edit]

Date Company Industry Refs
Unknown MultiPlan Healthcare [10]
January 2013 SurveyMonkey Survey tool [11][12]
May 2013 LendingClub Finance [12][13]
February 2014 Renaissance Education [12]
March 2014 Auction.com Real estate [14]
March 2014 Credit Karma Finance [15]
June 2014 Freshdesk Business software [16]
July 2014 MapR Business software [17]
August 2014 Thumbtack Service marketplace [18]
September 2014 InnoLight Data center optics [19]
January 2015 Glassdoor Job platform [20]
January 2015 CommonFloor Real estate [21]
April 2015 ZenPayroll Payroll and employee management [22]
April 2015[a] Freshdesk Business software [23]
June 2015 Duolingo Language education [24]
July 2015 Crowdstrike Cybersecurity [25]
July 2015 FanDuel Fantasy sport [26]
August 2015 Practo Healthcare [27]
September 2015 Oscar Health Health insurance [28]
September 2015 Zscaler Cybersecurity [29]
2016 Snap Inc. Social media [30]
January 2016 Pindrop Information security [31]
March 2016 CarDekho Car marketplace [32]
June 2016 Care.com Care provider platform [33]
September 2016 Airbnb Lodging [34]
November 2016 Stripe Payments technology [35]
January 2017 Cuemath Education [36]
March 2017 Looker Data analytics [37]
October 2017 Lyft Transportation [38][39]
March 2018 UiPath Robotics process automation [40]
April 2018 Manbang Transportation [41]
May 2018 Robinhood Personal finance [42]
June 2018 Aye Finance Finance [43]
September 2018 Convoy Trucking technology [44]
October 2018 Applied Insurance software [45]
January 2019 Collibra Data governance [46]
January 2019[a] CarDekho Car marketplace [47]
March 2019 Cloudflare Web performance and security [48]
  1. ^ a b Second investment in the company by CapitalG

Relationship to GV[edit]

CapitalG focuses on later stage and growth equity investments, while GV invests in companies across all stages and industries. Another corporate division, Google's Corporate Development group, does acquisitions and investments that are strategic for Google's products and business. All three investment groups are managed under David Drummond (Alphabet's SVP) at Google.[49]

References[edit]

  1. ^ a b Reilly, Richard Byrne (February 20, 2014). "Google Capital: Meet the $300 million cousin to Google Ventures". VentureBeat. Archived from the original on July 5, 2018. Retrieved April 25, 2019.
  2. ^ a b c d Bergen, Mark (December 21, 2015). "Meet Google Capital, the Investing Arm With the Keys to the Googleplex Kingdom". Recode. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  3. ^ "Google Capital Crunchbase". Archived from the original on January 11, 2015. Retrieved May 10, 2015.
  4. ^ Miners, Zach (May 22, 2013). "Google launching new fund for later-stage tech investments". PCWorld. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  5. ^ Sawers, Paul (February 19, 2014). "Google Capital Officially Launches Today". The Next Web. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  6. ^ Lawee, David (February 19, 2014). "Google Capital: investing in growth-stage companies". Official Google Blog. Archived from the original on April 25, 2019. Retrieved April 25, 2019.
  7. ^ Stangel, Luke (November 7, 2016). "Google Capital adopts new name as it invests in Airbnb, Snapchat". Silicon Valley Business Journal. Archived from the original on May 3, 2017. Retrieved April 25, 2019.
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  10. ^ "MultiPlan". CapitalG. Archived from the original on April 24, 2019. Retrieved April 24, 2019.
  11. ^ Swisher, Kara (January 16, 2013). "SurveyMonkey Raises $800 Million in Debt and Equity for Tender Offer - Kara Swisher - News". All Things Digital. Archived from the original on January 18, 2013. Retrieved August 12, 2015.
  12. ^ a b c Merced, Michael J. de la (February 19, 2014). "Renaissance Learning Draws $40 Million Investment From Google Capital". DealBook. The New York Times. Archived from the original on November 5, 2018. Retrieved April 24, 2019.
  13. ^ Merced, Michael J. de la (May 2, 2013). "Lending Web Site Gains a Shareholder in Google". DealBook. The New York Times. Archived from the original on January 27, 2019. Retrieved April 24, 2019.
  14. ^ Rao, Leena (March 4, 2014). "Google Capital Pours $50M Into Real Estate Marketplace Auction.com At A $1.2B Valuation". TechCrunch. Archived from the original on February 20, 2019. Retrieved April 24, 2019.
  15. ^ Shieber, Jonathan (March 12, 2014). "Credit Karma Confirms New $85M Financing Round Led By Google Capital". TechCrunch. Archived from the original on April 24, 2019. Retrieved August 12, 2015.
  16. ^ Eric Blattberg (June 12, 2014). "Google Capital jumps into $31M round for Freshdesk | VentureBeat | Deals | by Eric Blattberg". VentureBeat. Retrieved August 12, 2015.
  17. ^ Buhr, Sarah (July 1, 2014). "MapR Gains $110 Million In Funding Led By Google Capital". TechCrunch. Archived from the original on February 26, 2019. Retrieved April 24, 2019.
  18. ^ Ha, Anthony (August 20, 2014). "Service Marketplace Thumbtack Raises $100M Round Led By Google Capital". TechCrunch. Archived from the original on February 26, 2019. Retrieved April 24, 2019.
  19. ^ Cheung, Sonja (September 29, 2014). "Google Capital Makes First China Investment, Backs InnoLight". The Wall Street Journal. Archived from the original on September 30, 2014. Retrieved August 12, 2015.
  20. ^ Lardinois, Frederic (January 6, 2015). "Glassdoor Closes $70M Funding Round Led By Google Capital And Tiger Global". TechCrunch. Archived from the original on February 26, 2019. Retrieved April 24, 2019.
  21. ^ Shu, Catherine (January 8, 2015). "Google Capital Invests In Indian Real-Estate Platform CommonFloor". TechCrunch. Archived from the original on April 24, 2019. Retrieved August 12, 2015.
  22. ^ Huet, Ellen (April 6, 2015). "ZenPayroll Scoops Up $60 Million Funding Round Led By Google Capital". Forbes. Archived from the original on November 1, 2015. Retrieved August 12, 2015.
  23. ^ Heber, Alex (April 20, 2015). "This US tech company just landed $50 million in funding -- and it now has an Australian office". Business Insider Australia. Archived from the original on April 24, 2019. Retrieved April 24, 2019.
  24. ^ Protalinski, Emil (June 10, 2015). "100M users strong, Duolingo raises $45M led by Google at a $470M valuation to grow language-learning platform". VentureBeat. Archived from the original on March 31, 2019. Retrieved April 24, 2019.
  25. ^ Miller, Ron (July 13, 2015). "Security Company CrowdStrike Scores $100M Led By Google Capital". TechCrunch. Archived from the original on April 4, 2019. Retrieved April 24, 2019.
  26. ^ O'Hear, Steve (July 14, 2015). "Fantasy Sports Company FanDuel Raises $275M Series E, Confirms $1B Valuation". TechCrunch. Archived from the original on December 3, 2018. Retrieved April 24, 2019.
  27. ^ Russell, Jon (August 6, 2015). "Indian Health Search Portal Practo Lands $90M Led By Tencent For Global Expansion". TechCrunch. Archived from the original on December 1, 2018. Retrieved April 24, 2019.
  28. ^ MacMillan, Douglas (September 16, 2015). "Google Backs Startup Oscar Health Insurance". Wall Street Journal. ISSN 0099-9660. Archived from the original on September 17, 2015. Retrieved April 24, 2019.
  29. ^ Somerville, Heather (September 23, 2015). "Cyber security firm Zscaler closes $110 million round". Reuters. Archived from the original on September 23, 2015. Retrieved April 24, 2019.
  30. ^ Carson, Biz (November 5, 2016). "Google's investment arm has quietly invested in Snapchat". Business Insider Australia. Archived from the original on February 10, 2018. Retrieved April 23, 2019.
  31. ^ Hackett, Robert (January 28, 2016). "Google Capital Leads $75 Million Investment in Phone Fraud Startup". Fortune. Archived from the original on April 15, 2019. Retrieved April 24, 2019.
  32. ^ Gooptu, Biswarup (March 22, 2016). "CarDekho raises undisclosed sum in fresh funding round led by Google Capital". The Economic Times. Retrieved April 24, 2019.
  33. ^ Merced, Michael J. de la (June 29, 2016). "Google Capital Ventures Into Public Companies With Care.com". The New York Times. ISSN 0362-4331. Archived from the original on April 24, 2019. Retrieved April 24, 2019.
  34. ^ Hartmans, Avery (September 23, 2016). "Google just pumped a bunch of money into Airbnb". Business Insider Australia. Archived from the original on October 9, 2018. Retrieved April 24, 2019.
  35. ^ Rey, Jason Del (November 25, 2016). "Stripe has raised $150 million more at a $9 billion valuation". Recode. Archived from the original on April 1, 2019. Retrieved April 24, 2019.
  36. ^ "Google's CapitalG invests in edu startup Cuemath". The Economic Times. January 24, 2017. Archived from the original on September 16, 2018. Retrieved December 4, 2017.
  37. ^ Magistretti, Bérénice (March 30, 2017). "Data analytics startup Looker raises $81.5 million led by Alphabet's CapitalG". VentureBeat. Archived from the original on November 16, 2018. Retrieved April 24, 2019.
  38. ^ Newcomer, Eric (October 19, 2017). "Alphabet Unit Leads $1 Billion Investment in Lyft". Bloomberg.com. Archived from the original on April 23, 2019. Retrieved December 24, 2017.
  39. ^ Bhuiyan, Johana (October 19, 2017). "Alphabet is leading a $1 billion round in Lyft that values the company at $11 billion". Recode.com. Archived from the original on October 20, 2017. Retrieved April 24, 2019.
  40. ^ "UiPath confirms $153M at $1.1B valuation from Accel, CapitalG and KP for its "software robots"". techcrunch.com. March 6, 2018.
  41. ^ Li, Pei; Jourdan, Adam (April 24, 2018). "Softbank, Google join $1.9 billion investment in China truck-hailing firm". Reuters. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
  42. ^ Lynley, Matthew (May 10, 2018). "Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round". TechCrunch. Archived from the original on April 11, 2019. Retrieved April 24, 2019.
  43. ^ Gooptu, Biswarup (June 11, 2018). "AYE Finance lands Rs 147 crore from CapitalG and others". The Economic Times. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
  44. ^ Clark, Kate (September 21, 2018). "On-demand trucking app Convoy raises $185M at $1B valuation". TechCrunch. Archived from the original on April 23, 2019. Retrieved April 24, 2019.
  45. ^ Connelly, Jacquelyn (October 18, 2018). "Google's CapitalG Invests Nine Figures in Applied Systems". Independent Agent. Archived from the original on April 24, 2019. Retrieved April 24, 2019.
  46. ^ Vanian, Jonathan (January 29, 2019). "Google Investment Arm Leads $100 Million Investment In Data Tech Firm Collibra". Fortune. Archived from the original on March 8, 2019. Retrieved April 24, 2019.
  47. ^ "CarDekho raises $110 million to expand used car business". The Economic Times. January 3, 2019. Retrieved April 24, 2019.
  48. ^ "Software firm Cloudflare raises $150 million". Reuters. March 12, 2019. Archived from the original on April 4, 2019. Retrieved March 21, 2019.
  49. ^ "David Drummond Crunchbase". Archived from the original on January 9, 2015. Retrieved May 10, 2015.

External links[edit]