CapitalG
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| Subsidiary | |
| Industry | Venture capital |
| Founded | 2013 |
| Headquarters | San Francisco, California, United States |
| Parent |
Google Inc (2013-2015) Alphabet Inc. (2015-present) |
| Website | capitalg |
CapitalG, (formerly Google Capital), is the late-stage growth venture capital fund financed by Alphabet Inc., and based in San Francisco, CA. Founded in 2013, it focuses on larger, growth stage technology companies, and invests for profit rather than strategically for Google. 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. This includes connecting them with a roster of advisors, such as David Drummond (Alphabet's SVP and Chairman of CapitalG) and Sundar Pichai (Google's CEO).
Since 2013, CapitalG has invested in 25 companies, in areas such as big data, financial technology, security, and e-learning.
On August 10, 2015, Google Inc. announced plans for a corporate restructuring wherein CapitalG would become the subsidiary of a new umbrella company, Alphabet Inc., alongside Google itself.
In November 2016, Google Capital was re-branded as CapitalG.
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.)
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.
In 2013, CapitalG announced its first two investments in SurveyMonkey, a cloud-based online survey and questionnaire tool, and Lending Club, a peer-to-peer lending company based in San Francisco.
In 2014, CapitalG made private investments in an additional nine companies, including the Bangalore-based online real estate startup CommonFloor,Freshdesk, a San Francisco-based customer support platform,Credit Karma, a free credit and financial management platform, and China-based optical component company, Innolight.
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