DCVC
San Francisco, CA · Invests in US; Europe; Africa · Website
Check size
🔒 $•• – $••Thesis
We back entrepreneurs using computational approaches (AI, simulation) to solve trillion-dollar problems in climate, health, industrial transformation, and national security. Deep tech requires patient capital and scientific rigor.
Likely not a fit for
Not interested in consumer apps, purely software businesses without hard tech, or companies with short development timelines. We avoid commoditized markets and non-technical founding teams.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 months
- Warm intro
- Preferred
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Assets under mgmt
- $4B
- Decision process
- Partnership vote
Partners & team
10 contacts on file
Portfolio
AbCellera is a biotechnology company that specializes in AI-powered drug discovery, focusing on the development of therapeutic antibodies.
Ginkgo Bioworks is a biotechnology company that designs custom microbes for a variety of applications, including pharmaceuticals, agriculture, and industrial processes.
Rocket Lab is an end-to-end space company delivering reliable launch services, spacecraft, satellite components, and on-orbit management.
Pivot Bio develops crop nutrition technologies that harness the power of nature to deliver nitrogen to plants, enabling microbes to convert atmospheric nitrogen and provide it to crops throughout the growing season. Their solutions aim to improve profitability, predictability, safety, and sustainability for farmers.
Radiance Technologies specializes in intelligence analysis and develops innovative solutions for defense and civilian challenges.
Databricks is a leading Data and AI platform that empowers enterprises to build and scale data and AI applications, analytics, and agents. With a unified Data Intelligence Platform, it serves over 20,000 organizations globally, including more than 60% of the Fortune 500.
Atom Computing is a quantum computing company developing scalable quantum computers based on neutral atom technology. It announced a 1,225-qubit quantum computer in 2023 and collaborates with Microsoft for quantum computing advancements.
Rigetti Computing is a pioneer in quantum computing, providing quantum processors and software solutions to enable quantum applications.
Graphcore technology lets innovators create the next breakthroughs in artificial intelligence to enhance human potential. We’re optimistic for a future where people live healthier, fairer, more informed, more sustainable lives.
Agility Robotics develops humanoid robots, specifically Digit, designed for automation in logistics and manufacturing environments. Their robots are aimed at addressing labor shortages by automating repetitive tasks.
Recent activity
- May 2026
Quantum Motion
Series C · Co-Lead
- May 2026
Kanvas Biosciences
Series A · Co-Lead
- Jan 2026
Proxima
Seed · Lead
- Dec 2025
Fervo Energy
Series E · Supported
- Dec 2025
Radiant
Series D · Participated
- Dec 2025
Noetik
Active · Lead
- Jan 2022
Fervo Energy
Growth · Lead
DCVC in the news
Business Wire
Emerald AI Raises $150 Million Series A at $1.05 Billion Valuation to Scale Power-Flexible AI Data Centers
13 days ago
Axios
DCVC raising $1.3B across flagship and energy funds
2 months ago
Axios
DriveNets hits $8.5b, sports cards merger, and a new DCVC fund
3 months ago
The Business Journals
Palo Alto venture firm files for $500M energy vehicle
3 months ago
Alternatives Watch
New Mexico SIC grows private market exposures via credit, PE re-ups
3 months ago
FinSMEs
Kanvas Biosciences Raises $48M in Series A Funding
4 months ago
Agri Investor
Virtual fencing start-up nets $220m Series E with eye to US listing
5 months ago
AgFunderNews
Precision spraying startup AgZen nets $10m Series B. 'Quantifiable ROI drove our investment,' says DCVC Bio
5 months ago
Tech Funding News
AI biotech Proxima raises $80M from DCVC and NVentures for 'molecular matchmaker' drugs
7 months ago
Investing News Network
AI Meets Biotech: Proxima Secures $80M to Transform Protein Treatments with Cutting-Edge Tech
7 months ago
Business Wire
Proxima Raises $80 Million Led by DCVC to Power the Next Generation of Proximity-Based Medicines
7 months ago
bloomberg.com
Proxima Raises $80 Million for AI Drug Discovery From DCVC, Nvidia
7 months ago
The Quantum Insider
VC Firm Offers Insight Into How Investors Are Reassessing Quantum Computing
8 months ago
SiliconANGLE
Compute-in-memory chip startup Mythic raises $125M round
8 months ago
Bloomberg.com
AI Chip Startup Mythic Raises $125 Million in Bid to Take on Nvidia
8 months ago
Venture Capital Journal
NMSIC commits $690m as it exudes optimism about new venture program
Aug 2025
SynBioBeta
DCVC Bio Closes $400 Million Fund III to Accelerate Breakthroughs in Life Sciences and Deep Tech
Oct 2024
STAT
DCVC Bio founders look for more quick returns, less overhyped AI, with new $400 million fund
Sep 2024
TechCrunch
DCVC wanted to raise $500M for its first climate fund, but the market had other plans
Apr 2024
Inside Precision Medicine
NVIDIA and DCVC Fund Relation for Osteoporosis Drug Discovery
Mar 2024
Similar firms
Targets deep-tech companies at the post-seed/pre-growth inflection with $500K–$2M tickets. Doesn't lead rounds, was built from founders' capital/SPVs, and enforces an equal-effort response policy.
Vanedge Capital is one of the few Canadian venture capital firms with deep expertise in hard tech sectors like space, semiconductors, and AI infrastructure, backed by former startup founders including Electronic Arts former President Paul Lee. The Vancouver and Silicon Valley-based fund focuses on technically complex, infrastructure-level companies rather than consumer apps, with a portfolio including SpaceX, xAI, and Google-acquired Raxium.
Ex-founder deeptech fund making $250K–$2M first checks into non-consensus moonshots in compute, defense, smart planet, humantech—prioritizing multi-billion step-changes and free-world resilience, replying with blunt feedback within five working days.
Pre-seed/seed specialist focusing on physical AI and deep-tech (robotics, sensors, quantum/next-gen compute, energy transition) that commercializes University of Chicago deep-tech for real-world industries. The firm uniquely runs Harper Court Ventures Fund I, a $25M pre-seed/seed fund formed via an exclusive cooperation agreement with the University of Chicago to commercialize the university's deep-tech research in quantum, AI, energy, and life sciences.
Research briefRead more
Add DCVC to your investor list
Sign up free to save investors, see partner contacts, and track your raise.
Sign up