GV Management Company, L.L.C.
[ (file no. 4726690)] is a
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
investment arm of
Alphabet Inc.
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. Alphabet is the world's third-largest technology company by revenue, after Amazon and Apple, the largest techno ...
, founded by
Bill Maris, that provides
seed
In botany, a seed is a plant structure containing an embryo and stored nutrients in a protective coat called a ''testa''. More generally, the term "seed" means anything that can be Sowing, sown, which may include seed and husk or tuber. Seeds ...
,
venture, and
growth stage funding to technology companies. Founded as Google Ventures in 2010, the firm has operated independently of
Google
Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...
, Alphabet's search and advertising division, since 2015.
GV invests in
startup companies
A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses tha ...
in a variety of fields ranging from the
Internet
The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...
,
software
Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications.
The history of software is closely tied to the development of digital comput ...
, and hardware to
life science
Life, also known as biota, refers to matter that has biological processes, such as signaling and self-sustaining processes. It is defined descriptively by the capacity for homeostasis, organisation, metabolism, growth, adaptation, respon ...
,
healthcare
Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...
,
artificial intelligence
Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...
,
transportation
Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...
,
cyber security
Computer security (also cybersecurity, digital security, or information technology (IT) security) is a subdiscipline within the field of information security. It consists of the protection of computer software, systems and networks from thr ...
and
agriculture
Agriculture encompasses crop and livestock production, aquaculture, and forestry for food and non-food products. Agriculture was a key factor in the rise of sedentary human civilization, whereby farming of domesticated species created ...
. It has helped finance more than 300 companies that include
Uber
Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
,
Nest
A nest is a structure built for certain animals to hold Egg (biology), eggs or young. Although nests are most closely associated with birds, members of all classes of vertebrates and some invertebrates construct nests. They may be composed of ...
,
Slack, and Flatiron Health.
History
The group was founded on March 31, 2010, with a $100 million capital commitment,
by
Bill Maris who also became GV's first CEO. In 2012, that commitment was raised to $300 million annually, and the fund has $2 billion under management. In 2014, the group announced $125 million to invest in promising European startups.
By 2014, it had invested in companies such as Shape Security.
In December 2015, the company was renamed GV and introduced a new logo.
As of 2016, GV has been less active as a
seed investor, instead shifting its attention to more mature companies. There is also a focus on startups in the healthcare markets. It created the biotech company Calico and has invested in Foundation Medicine, Genomics Medicine Ireland, Editas Midicine, and Flatiron Health, among others. In 2020, GV promoted
Terri Burns from principal to the firm’s first black female partner.
Structure
In 2013, GV developed an intensive, five-day
design process
A design is the concept or proposal for an object, process, or system. The word ''design'' refers to something that is or has been intentionally created by a thinking agent, and is sometimes used to refer to the inherent nature of something ...
, called a Design Sprint, which helps startups solve problems quickly. It is based on key ideas of agile development and design thinking. In addition, GV provides portfolio companies with access to operational help after making a financial investment. Full-time partners at GV work with portfolio companies on
design
A design is the concept or proposal for an object, process, or system. The word ''design'' refers to something that is or has been intentionally created by a thinking agent, and is sometimes used to refer to the inherent nature of something ...
and
product management
Product management is the business process of planning, developing, launching, and managing a product or service. It includes the entire lifecycle of a product, from ideation to development to go to market. Product managers are responsible for ...
,
marketing
Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce.
Marketing is usually conducted by the seller, typically a retailer or ma ...
,
engineering
Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...
, and
recruiting.
See also
*
List of venture capital firms
Below is a list of notable venture capital firms:
Assets under management
Shown below are the largest venture capital firms ranked by Assets Under Management.
Capital raised
Data is for capital raised between January 1, 2019 and December 31, 20 ...
*
CapitalG
CapitalG Management Company LLC (file no. 5324444) (formerly Google Capital) is the independent growth fund under Alphabet Inc. Founded in 2013, it focuses on larger, Growth capital, growth-stage technology companies, and invests for profit rat ...
References
External links
*
{{Google LLC
Financial services companies established in 2009
Venture capital firms of the United States
Private equity firms of the United States
Alphabet Inc.
Alphabet Inc. subsidiaries