How many investments has DBL Partners made?

DBL Partners has 84 tracked investments, 12 of which have exited, including 3 dated in the last 24 months.

What stage does DBL Partners invest at?

DBL Partners invests at the Series A stage.

Where is DBL Partners located?

DBL Partners is headquartered in Palo Alto, US.

Who does DBL Partners co-invest with?

DBL Partners most often shares deals with Aspect Ventures, Canaan Partners, The Westly Group, among 159 tracked co-investors.

DBL Partners

Impact investor

Palo Alto · Series A · 9 people tracked

Also known as DBL MANAGEMENT LLC · DBL Partners TIAB 2018 · DBL Partners TIAB 2020 · DBL Partners TIAB 2022 · DBL Partners YBJ 2024

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2,736 people in our graph share verified history with the DBL Partners team — schools, employers, funds. One of them is your warm intro.

Deep Nisharunlockedknows Ira Ehrenpreis · together at Stanford University (overlapped)

×4knows the team · via Stanford University

×2knows the team · via National Venture Capital Association

×2knows the team · via Harvard University

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✨ Fox Verdict

Investment thesis

DBL Partners pursues a 'double bottom line' strategy, backing companies where strong financial performance is inherently linked to positive social and environmental impact. The firm targets businesses capable of delivering top-tier venture capital returns while advancing sustainability, climate, agriculture, logistics, energy efficiency, and community-oriented outcomes. Its portfolio spans physical AI in agriculture, carbon removal, sustainable packaging, wildfire prevention, space, logistics, and clean energy technologies, reflecting a conviction that mission-driven companies can be commercially successful.

Invests inAgTech AI & Machine Learning Circular Economy Cleantech Climate Tech Deep Tech Energy Impact & Social Good Logistics & Supply ChainSector AgnosticSpace Tech North America Palo Alto San Francisco United States

Source: firm website, verified Aug 3, 2026.

Stage

Series A

Palo Alto, California, US

Instruments

Equity

Founded

2015

Private fund assets

$9.2B

VC funds

Tracked investments

Team · 9 people

from the firm's website & public directories

Nancy Pfund· Founder· San Francisco, California, United Statesin 𝕏

Nancy Pfund founded DBL Partners and works in impact investing, focusing on social and environmental outcomes alongside financial returns. Before starting DBL, she was a Managing Director in Venture Capital at JPMorgan and began her investment career at Hambrecht & Quist in 1984, with earlier roles at Intel, the State of California, Stanford University, and the Sierra Club. She holds a BA and MA in anthropology from Stanford University and an MBA from the Yale School of Management.

n•••@dbl.vcreveal

Becky Cooper· Chief Financial Officer· Boulder, Colorado, United Statesin

Becky Cooper supports fund administration and management at DBL Partners and also works as a Director at Standish Management, consulting for venture capital firms; she additionally works as a leadership coach. She previously served as COO/CFO at Foundry Group, beginning with its legacy firm Mobius Venture Capital in Palo Alto, and earlier spent nearly four years at PricewaterhouseCoopers in San Jose providing audit and assurance services. She graduated cum laude from California State University, Bakersfield with a BS in Business Administration with an accounting emphasis.

b•••@dbl.vcreveal

Carol Wong· Chief Administrative Officer· Oakland, California, United Statesin

Carol Wong is the Chief Administrative Officer at DBL Partners. She previously served as Fund Manager for DBL Investors' Bay Area Equity Fund and DBL Equity Fund, and worked at JPMorgan (originally Hambrecht & Quist, which she joined in 1987) for 20 years in roles spanning investor relations, client support, and office and administrative management. She holds a Bachelor of Science in Business Administration from California Polytechnic State University, San Luis Obispo.

c•••@dbl.vcreveal

Ira Ehrenpreis· Managing Partner· Palo Alto, Californiain 𝕏

Ira Ehrenpreis is Founder and Managing Partner of DBL Partners. He has held leadership roles across venture capital organizations, including the National Venture Capital Association, the Western Association of Venture Capitalists, and the VCNetwork, and founded the World Energy Innovation Forum. He earned a JD/MBA from Stanford Law School and Stanford Graduate School of Business and a B.A. from UCLA.

i•••@dbl.vcreveal

Jake Harris· Principal· Palo Alto, California, United Statesin

Jake Harris is a Principal at DBL Partners, which he joined in 2018. He previously served as a Venture Partner at Contrary Capital and held business development roles at Plan International, working on contracts and grants for projects across Africa, Asia, and the Middle East in areas including education, health, and economic development. He holds a B.A. in political science from Vassar College and an MBA from the Yale School of Management.

j•••@dbl.vcreveal

Mark Perutz· Partner· San Francisco, California, United Statesin

Mark Perutz is a Partner at DBL Partners. He previously helped manage the Bay Area Equity Fund at JPMorgan from 2003 until the fund spun out to form DBL Partners in 2008. Earlier in his career he was an equity research analyst at Robertson Stephens covering enterprise software and web infrastructure, worked in business development at Interwoven, did research at the Tower Group, and was a systems integration consultant at Accenture. He holds BS and MS degrees in Mechanical Engineering and an MBA from MIT.

m•••@dbl.vcreveal

Paula Uniacke· Director of Impact· San Francisco, California, United Statesin

Paula Uniacke is the Director of Impact at DBL Partners, which she joined in 2022, focusing on impact measurement, policy engagement, communications, workforce development, and community partnerships with portfolio companies. Before DBL, she was a Senior Program Officer at The Asia Foundation, where she worked on gender equality, social inclusion, and climate resilience across the Asia-Pacific region, and earlier worked with health, sanitation, and social equity nonprofits in India. She holds a BA in History from the University of Wisconsin–Madison and an MA in Sociology from the University of California, Berkeley.

p•••@dbl.vcreveal

Vincent Caruso· Principal· San Francisco, California, United Statesin

Vinnie Caruso is a Principal at DBL Partners, focusing on companies that pair commercial potential with impact. Before joining the firm in 2019, he advised foundations, development banks, and corporates on climate mitigation, renewable energy, transportation, land use, and conservation at CEA Consulting, and earlier worked on corporate M&A and securities litigation at Cornerstone Research. He earned an MBA from the Yale School of Management, where he co-founded a student-led venture fund, and a B.A. in Economics and International Studies from the University of Michigan.

v•••@dbl.vcreveal

Glenn Poppe

What they invest in

from 39 of 84 portfolio companies

Cleantech ×11Energy ×8Hardware ×7Circular Economy ×6FoodTech ×6Impact & Social Good ×6AI & Machine Learning ×5B2B Marketplaces ×4

HQs:United States×42

Who they back

founder profiles across 26 portfolio companies

54%

solo founders

14 of 26 mapped founding teams

58%

repeat founders

of 31 founders with career history

Founding team size:solo founder×142 founders×63 founders×44+ founders×2

Where their founders studiedfrom 23 founders with education data

University of Illinois Urbana-Champaign ×4Stanford University ×3

What their founders studiedfrom 23 founders with field-of-study data

Engineering ×7Physics ×4Business & Management ×3Computer Science ×3Humanities ×2Law ×2Life Sciences ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 31 founders with career history

Kleiner Perkins ×3NASA Ames Research Center ×3McKinsey & Company ×2Penguin Random House ×2Space Generation Advisory Council ×2U.S. Department of State ×2UC Santa Barbara ×2

6 founders hold a PhD · 2 hold an MBA (of 23 with degree data)

Investments · showing 79 of 84

founders shown can be your intro path

By year:2024 · 2 2022 · 1 2021 · 7 2019 · 1 2018 · 1 2016 · 2 2015 · 4 2014 · 2 2013 · 1 2012 · 122 dated

Teslatesla.comNASDAQ: TSLANov 2018

Tesla designs and manufactures electric vehicles, battery storage and solar products, and develops autonomous driving software.

Palo Alto, US

Elon Musk(Co-founder & CEO)inJeffrey B Straubel(Executive Officer)Martin Eberhard(Founder)inJerome M Guillen(Executive Officer)inDeepak Ahuja(Executive Officer)John Douglas Field(Executive Officer)

Board seatIra Matthew Ehrenpreis· per SEC Form D

Co-investorsCapital Q® Ventures Inc.Draper Associates Future Ventures Kluz Ventures M33 Growth Newlin Ventures +9 more

SpaceXspacex.comNASDAQ: SPCX

Revolutionizing space technology to make life multi-planetary

Hawthorne, US

Elon Musk(Founder, CEO & Chief Engineer)inBret Johnsen(Executive Officer)inGwynne Shotwell(Executive Officer, Director)

Board Antonio Gracias(Director)in Steve Jurvetson(Director)inDonald Harrison(Director)

Co-investors1/1 Capital 137 Ventures 4DX Ventures A*Abstract Ventures Access Technology Ventures +113 more

Bellwetherbellwethercoffee.com inSep 2019

Bellwether Coffee makes an all-electric, ventless countertop coffee roaster along with a curated green coffee marketplace, roast profiles, and retail packaging for cafés and businesses to roast and sell coffee in-house.

Advanced ManufacturingFoodTechHardwareRetail TechBerkeley, US

Ricardo Lopez(Chief Financial Officer, Treasurer and Secretary)Nathan Gilliland(President and Chief Executive Officer)inMathieu Brown(Executive Officer, Director)inRolph Decker(Director)

Board Kenneth Hood(Director)in

Board seatNancy Pfund· per SEC Form D

Co-investorsCongruent Ventures FusionX Ventures HCVC RSE Ventures Tandem Capital Trousdale Ventures +1 more

Eco.Logic Brandsecologicbrands.comApr 2015SEC filingmedium confidence

Ecologic Brands, part of Jabil Packaging Solutions, designs and manufactures custom fiber-based and molded-fiber packaging for consumer packaged goods brands.

Advanced ManufacturingCircular EconomyNew MaterialsOakland, US

Julie Corbett(Director)Ira Maroofian(Executive Officer, Director)

BoardTory Patterson(Director)Greg Rodrigues(Director)Aaron Enrico(Director)

Board seatNancy Pfund· per SEC Form D · $1.8M raise · filed May 2015

Co-investorsAiiM Partners Radicle Impact

NEXTrackernextracker.comJun 2015

Fremont, US

Daniel Shugar(Executive Officer, Director)inRobert Zapotosky(Executive Officer)

BoardWade Woodson(Director)Bruce Ledesma(Director)Suvi Sharma(Director)in

Board seatNancy Pfund· per SEC Form D

Co-investorsClearSky SJF Ventures BlackRock

Solexel inJul 2014SEC filingmedium confidence

EnergyMilpitas, US

Mehrdad Moslehi(Executive Officer, Director)inMarinus (Mark) Kerstens(Executive Officer)Michael Wingert(Executive Officer, Director)

BoardJan van Dokkum(Director)Reyad Fezzani(Director)

Board seatIra Ehrenpreis· per SEC Form D · $138.4M raise · filed Feb 2016

Co-investorsDag Ventures Imperative Science Ventures Kleiner Perkins

Terram Labterramlab.com inDec 2024

Eliminates plastic and harmful chemicals from packaging to create a waste-free world.

Scottsdale, US

Troy Swope(Executive Officer, Director)inEric Johnson(Executive Officer)inKathryn King(Executive Officer)Stephen Szejner(Director)Katherine King(Executive Officer)

BoardJonathan Silver(Director)

Board seat Ira Ehrenpreis· per SEC Form D

Agtonomyin

DBL is a venture capital firm that invests in mission-driven companies across impact and sustainability sectors, targeting both financial returns and social and environmental outcomes.

Impact & Social Good

Airspaceairspace.co in

Airspace provides end-to-end airspace protection solutions for urban environments, critical infrastructure, large-scale events, and high-security zones.

AI & Machine LearningCybersecurityDeep TechDefense TechEnterprise SoftwareGovTech

Jaz Banga(Founder)in

Co-investorsGranite Hill Defy Partners HarbourVest Partners (Canada)Scale Ventures Shasta Ventures Telstra Ventures

Andelaandela.com in 𝕏

Andela connects global technologists with enterprise opportunities and serves as a platform for hiring, building AI systems, and upskilling teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkHR TechWashington, D.C., US

Jeremy Johnson(Founder)in Iyinoluwa Aboyeji(Founder)inNadayar Enagesi(Founder)Brice Nkengsa(Founder)in Ian Carnevale(Founder)in Christina Sass(Founder)in

Co-investors4DX Ventures Accelerate Africa Air Street Capital Amplo Ventures CRE Venture Capital Founder Collective +23 more

Apeel Sciencesapeel.com in 𝕏

Apeel Sciences develops plant-based coatings derived from fatty acids and glycerides—ingredients naturally found in plant peels and seeds—that are applied to fresh fruits and vegetables to extend shelf life, preserve flavor and nutrients, and reduce reliance on refrigeration, pesticides, waxes, and plastics.

Circular EconomyCleantechFoodTech

Lou James Rogers(Founder)inJenny Du(Founder)in

Co-investors3cubed Ventures A-Rod Corp AgFunder Andreessen Horowitz Bild Alternative Investments Corporation Doon Capital +10 more

apeel-sciences-bgapeelsciences.com in 𝕏

Apeel Sciences develops food-preserving products made from edible plant materials to extend shelf life and reduce food waste.

FoodTech

Luiz(CEO)

Co-investorsAgFunder

BrightSource Energybrightsourceenergy.com in

BrightSource Energy develops software for renewable energy management, offering a cloud-based optimizer that integrates with energy assets to enable forecasting, trading, ancillary services, and portfolio aggregation across markets.

AI & Machine LearningCleantechEnergyOakland, US

Joseph Desmond(Executive Officer)inDavid Nielsen(Executive Officer)inMathew Brett(Executive Officer)inH. David Ramm(Executive Officer, Director)Daniel T. Judge(Executive Officer)inIsrael Kroizer(Executive Officer)in

Co-investorsRiverwood Capital VantagePoint Capital Partners Draper Fisher Jurvetson (DFJ)Morgan Stanley

BurnBotburnbot.com in 𝕏Feb 2024

BurnBot builds purpose-built, remotely controlled machines and services for wildfire mitigation, fuels management, vegetation control, and timber operations.

CleantechClimate TechHardwareRoboticsSouth San Francisco, US

Waleed Haddad(Executive Officer, Director)in

BoardAnukool Lakhina(Executive Officer, Director)in

Co-investorsAmerican Family Ventures Convective Capital DCVC (Data Collective)Ecosystem Integrity Fund HAWKTAIL LOWERCARBON +8 more

chestnut-bgchestnutcarbon.com in

Chestnut restores and manages forests across the United States to generate verified carbon credits while advancing ecosystem health and supporting rural landowners.

Circular EconomyCleantechClimate TechImpact & Social GoodNew York, US

Ben Dell(Founder and CEO)Kimmeridge

DroneSeeddroneseed.com inOct 2021 · $36M

DroneSeed develops carbon removal credits by burying post-wildfire biomass, using the proceeds to fund reforestation of areas across the American West damaged by high-severity wildfire.

CleantechClimate TechImpact & Social GoodSeattle, US

Grant Canary(Executive Officer, Director)inBen Reilly(Executive Officer)Ryan Cunningham(Director)

BoardJay Zaveri(Director)in

Co-investorsHemisphere Ventures LLC Sand Hill Angels Seven Seven Six

e-loan-bgeloan.com

Eloan, a division of Banco Popular de Puerto Rico, offers online lending and financial products to consumers.

Fintech

farmers-business-network-bgfarmersbusinessnetwork.com in 𝕏

Farmers Business Network (FBN) operates a digital platform and network for farmers, offering direct purchasing of agricultural inputs (crop protection, nutrition, animal health, feed), ag financing (farmland, operating, and equipment loans), and data-driven analytics.

AgTechB2B MarketplacesFintechFoodTechSan Carlos, US

Charles Baron(Executive Officer)in Amol Deshpande(Executive Officer, Director)inDiego Lopez Casanello(Executive Officer, Director)inGuillaume Luebke(Executive Officer)in

BoardLorenzo Gonzalez(Director)John Vaske(Executive Officer, Director)

fiber-global-bgfiberglobal.com in

Fiber Global is a climate technology company that reclaims waste streams like corrugated cardboard to manufacture building materials, including its flagship Forged Fiber Board panels.

Advanced ManufacturingCircular EconomyClimate TechNew MaterialsIndiana, US

KC McCreery(Founder)in

Co-investorsTaiwan Global Angels

Kateevakateeva.com in 𝕏

Co-investorsNew Science Ventures Spark Capital Veeco

menlomicro-bgmenlomicro.com in 𝕏

Menlo Micro develops MEMS-based electronic switch technology, spun out of General Electric's Global Research Center, offering switching solutions used across a range of electronic systems including RF, industrial, and communications applications.

CleantechDeep TechHardwareSemiconductorsIthaca, US

Risa Stack(Co-Founder & Board Member)in Chris Keimel(Co-Founder & CTO)inRuss Garcia(CEO)inRich Simoncic(CEO)in

Co-investorsVertical Venture Partners GE Ventures Standard Investments PETRONAS Ventures

Pandora IIIpandora.com inAcquired

Personalized internet radio powered by the Music Genome Project

AdTechOakland, US

Tim Westergren(Co-Founder; Chief Strategy Officer; CEO (May 2002 - July 2004; April 2016 - Sept 2017))inWill Glaser(Co-Founder)in Jon Kraft(Co-Founder)inJoe Kennedy(President & CEO)inBrian McAndrews(CEO)Roger Lynch(CEO)in

Co-investorsCrosslink Capital Greylock Partners Kensington Capital Partners Limited Moonshots Capital Notable Capital Primary Venture Partners +3 more

Planet Labsplanet.com in 𝕏Dec 2013

Planet operates a web-geo platform that provides daily satellite imagery and foundational analytics of Earth's landmass for businesses, governments, and research institutions.

AgTechData & InfrastructureDeep TechSpace TechSan Francisco, US

Will Marshall(Co-founder and CEO)in Robbie Schingler(Co-Founder and Chief Strategy Officer)in Christopher R. Boshuizen(Executive Officer, Director)inRobert H. Schlingler Jr.(Executive Officer, Director)

Board Zachary Bogue(Director)in Steve Jurvetson(Director)in

Co-investors137 Ventures AME Cloud Ventures DCVC (Data Collective)Felicis Ventures Future Ventures Hemisphere Ventures LLC +17 more

PowerLightpowerlighttech.com in 𝕏

PowerLight Technologies (a dba of LaserMotive, Inc.) develops optical power beaming systems that convert electricity into high-intensity light, transmit it over long distances, and reconvert it to usable power at a specialized receiver.

Deep TechEnergyHardware

Tom Nugent, Jr.(Founder)in Tom Nugent(CTO)inTim Jenks(CEO)inBob Zak(COO)inLori Bass(CFO)

Revolution Foodsrevolutionfoods.com in

Revolution Foods is the largest K-12 school meal vendor in California, serving nutritious meals to students and seniors.

FoodTechImpact & Social GoodCalifornia, US

Kristin Groos Richmond(Co-founder)Kirsten Saenz Tobey(Co-founder)George Blanco(CEO)inKendall Baker(Executive Officer)inKathy Roland(Director)

BoardJed Smith(Director)

Co-investorsNGEN Partners Oak Investment Partners Revolution The Westly Group

revolution-foods-bgrevfoods.com in

Revolution Foods produces and distributes fresh, healthy meals, serving students and seniors with the goal of reducing food insecurity.

FoodTechImpact & Social Good

rzero-bgrzero.com in

R-Zero provides AI software that reduces HVAC energy consumption in buildings by 20-40% using real-time occupancy and air quality data, with no infrastructure changes required.

CleantechEnterprise SoftwareIoT

Co-investorsCivilization Ventures Management, Llc Leadout Capital Qualcomm Ventures Upfront Ventures

San Francisco, CAmapbox.com in 𝕏

Mapbox operates a developer cloud platform that provides maps, navigation, search, and geospatial data services built from continuously updated location data drawn from telemetry, aerial imagery, computer vision, and user contributions.

AI & Machine LearningData & InfrastructureDeveloper ToolsMobility & TransportationSaaS

Co-investorsEnergize Capital Felicis Ventures Foundry Gen Capital GFR Fund Premji Invest+7 more

Siva Power in

San Jose, US

Damoder Reddy(Director)Brad Mattson(Executive Officer, Director)Dan Fleming(Executive Officer)

BoardDonald Dixon(Director)James Woolsey(Director)Cynthia Ringo(Director)

Co-investorsAcero Capital

SolarCitysolarcity.comFeb 2012

San Mateo, US

Lyndon Rive(Founder)inBenjamin J Cook(Executive Officer)Seth R Weismann(Executive Officer)Mark C Roe(Executive Officer)Tobin J. Corey(Executive Officer)John M Stanton(Executive Officer)

Co-investors137 Ventures Mayfield Fund Silver Lake Partners

Solariasolaria.com in 𝕏

Solaria manufactures high-efficiency solar panels, including its PowerXT and PowerX product lines, and provides related datasheets, installation guides, and technical documentation.

CleantechEnergyHardwareFremont, US

Suvi Sharma(Executive Officer, Director)Robert Zapotosky(Executive Officer)Daniel Shugar(Director)

BoardLi Biao(Director)Bang Nguyen(Director)Wu Binyan(Director)

Co-investorsCycad Group LLC Adams Street Partners

The Boring Companyboringcompany.com in 𝕏

The Boring Company designs and constructs underground tunnel systems, including the Loop, an all-electric public transportation network, and develops tunnel-boring machines like Prufrock to accelerate large-scale infrastructure construction.

Construction TechLas Vegas, US

Elon Musk(Founder)in

Co-investors8VC Alpha Wave Global Aurum Venture Partners Coatue Management Dreamers VC Founders Fund +9 more

The Musethemuse.com in 𝕏Defunct

The Muse is a career discovery and employer branding platform that helps job seekers research companies and careers, while enabling organizations to attract talent by showcasing authentic employee stories and company culture.

Enterprise SoftwareFintechHR TechMarketing TechMarketplacesSaaSNew York City, US

Kathryn Minshew(Founder/CEO)in Alex Cavoulacos(Founder/COO)inMelissa Quino McCreery(Founder)

Co-investorsAcrew Capital Aspect Ventures Future Perfect Ventures Icon Ventures QED Investors Y Combinator +3 more

The Real Real x-tech-roboticstherealreal.com in 𝕏

The RealReal is an online marketplace for authenticated luxury consignment, allowing consumers to buy and sell pre-owned designer clothing, accessories, jewelry, watches, and home goods.

Circular EconomyConsumerE-commerceMarketplacesSan Francisco, US

Julie Wainwright(Executive Officer, Director)Matt Gustke(Executive Officer)inHenry V. Barry(Executive Officer)

Board Mathias Schilling(Director)inCynthia Ringo(Director)Keval Desai(Director)in

Co-investorsAcrew Capital Aspect Ventures Bright Pixel Capital Canaan Partners Expansion Venture Capital Greycroft +11 more

Trove Recommercetrove.com in

Trove operates a platform for brand resale and recommerce, enabling iconic brands to sell returned and excess inventory through secondary markets.

AI & Machine LearningB2B MarketplacesCircular EconomyRetail TechBrisbane, US

ANDREW RUBEN(Director, Promoter)John Connolly(Founder)inGAYLE TAIT(Executive Officer, Director)in

Board GABRIEL KRA(Director)in BROOK PORTER(Director)inSHELLEY BRANSTEN(Director)

Co-investorsArcTern Ventures Claremont Creek Ventures Commerce Ventures G2 Venture Partners Global Brain Prelude Ventures +5 more

UrbanSitterurbansitter.com in 𝕏

UrbanSitter operates a marketplace platform where families book childcare, tutoring, pet sitting, housekeeping, and senior care services, while caregivers access flexible job opportunities with transparent pay and client reviews.

ConsumerFuture of WorkMarketplacesSan Francisco, US

Lynn Perkins(Co-founder)inAndrea Barrett(Co-founder)inJessica Steel(Executive Officer, Director)in

Board Vincent Caruso(Director)in John Balen(Director)in David ibnAle(Director)in

Co-investorsAdvance Venture Partners Aspect Ventures Canaan Partners Owl Capital Royal Street Ventures Management Company, Llc The Perkins Fund +2 more

view-bgviewglass.com

View makes smart windows that automatically adjust tint to control daylight and glare, along with software that predicts and manages occupant comfort in buildings.

CleantechIoTPropTech

Wheelstakewheels.com

Takewheels is an affiliate review site rating online sportsbooks and casinos for California and wider US bettors.

Co-investorsBullpen Capital Dreamers VC Tenaya Capital 3L Capital

Wyndhellowynd.comAug 2021 · $10M

Wynd offers a device-based system for detecting smoke and noise issues in properties, aimed at property managers and owners.

HardwareIoTPropTech

Co-investorsAcorn Pacific Ventures Baruch Future Ventures GreenGen Ventures Social Starts Alven Capital Bpifrance +5 more

zinc-fivezincfive.com in 𝕏

ZincFive develops nickel-zinc (NiZn) batteries that provide backup and uninterruptible power for mission-critical applications across multiple industries and infrastructures.

CleantechEnergyHardwareTualatin, US

Tim Hysell(Co-founder & Strategic Advisor)inTod Higinbotham(CEO)inMarty Heimbigner(Chief Financial Officer)

Board Mark Perutz(Director)in Jesse Johnson(Director)inMarc van den Berg(Director)

Co-investorsClimate Investment Helios Climate Ventures Alpha Ascent Ventures Llc Angeleno Group Braemar Energy Ventures Qiming Venture Partners

Zolazola.com in 𝕏Sep 2021 · $90M

Zola provides online wedding planning tools and resources that guide couples from engagement through marriage, including save-the-date creation, gift registration, and wedding etiquette guidance.

B2B MarketplacesConsumerMarketplacesNew York, US

Shan-Lyn Ma(Founder & CEO)Nobu Nakaguchi(Executive Officer, Director)in

Board Kevin Ryan(Director)inJoshua Kushner(Director)

Co-investorsAlleyCorp Ansa Capital BAM Ventures BBG Ventures Canvas Ventures Comcast Ventures +9 more

ZOLA Electricoffgrid-electric.com inSep 2021 · $90M

Solar and battery energy company selling PAYGo home and business power systems across Africa and other emerging markets.

Co-investorsHelios Digital Ventures Zouk Capital FMO Helios Investment Partners TotalEnergies Ventures

zola-electric-bgzolaelectric.com in 𝕏

ZOLA Electric operates the ZOLA iNTELLIGENCE platform, which combines solar hardware with AI-driven software to build distributed energy networks and manage operations, financing, and maintenance for local teams.

CleantechEnergyImpact & Social Good

Co-investorsCeniarth E3 Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Advanced MicroGrid Solutions Apeel Technology, Inc.Better Place InternationalOff Grid ElectricR-Zero Systems Wheels Labs BrainScopeChestnut Carbone-meter-bgeLoaneMeterFive Prime Therapeuticsfive-prime-bgLabcyteMapboxMastMenlo MicroMenlo MicrosystemsOPX Biotechnologiesopxbio-bgPalletPandoraPeninsula Pharmaceuticalspeninsula-pharma-bgPrimus Powerprimus-power-bgR-ZeroRainRallyPointRuby RibbonSpatialTroveViewxAIXDx

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 12

3 IPOs · 9 acquisitions · showing 10

TeslaNASDAQ: TSLASpaceXNASDAQ: SPCXeLoanacq. by Popular, Inc.eMeteracq. by SiemensFive Prime Therapeuticsacq. by AmgenLabcyteacq. by Beckman Coulter Life SciencesOPX Biotechnologiesacq. by CargillPeninsula Pharmaceuticalsacq. by Johnson & Johnson (Ortho-McNeil Pharmaceutical)peninsula-pharma-bgacq. by Johnson & Johnson (Ortho-McNeil Pharmaceutical)xAIacq. by SpaceX

Portfolio news

latest coverage across their companies

Musk’s long-time backer is giving SpaceX stock to its investors

SpaceX · techcrunch.com · Sep 16, 2026

Adrian Meals on Wheels program seeks donations during funding uncertainty - The Globe | News, weather, sports from Worthington, Minnesota

Wheels · dglobe.com · Aug 18, 2026

Job Application for FP&A Analyst at Airspace

Airspace · boards.greenhouse.io · Aug 17, 2026

Trove raises the bar for retail investing in Nigeria with trove 3.0 | Business Insider Africa

Trove Recommerce · africa.businessinsider.com · Aug 14, 2026

TheRealReal earnings in focus as luxury resale leader eyes profit By Investing.com

The Real Real x-tech-robotics · ca.investing.com · Aug 6, 2026

Andela - Wikipedia

Andela · en.wikipedia.org · Jul 21, 2026

Planet Labs (PL) Stock Looks Strong On Returns Yet Rich On Sales

Planet Labs · finance.yahoo.com · Jul 18, 2026

Kevin Ryan’s AlleyCorp raises new $335 million fund, all in on early-stage bets | Fortune

Zola · fortune.com · Jul 15, 2026

Fund performance · per public LP disclosures · 2

as of Sep 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
DBL Partners TIAB 2020LPs: Orange County Employees Retirement System	2020	—	44.8%	6.80x	—
DBL Partners TIAB 2018LPs: Orange County Employees Retirement System	2019	—	40.4%	9.70x	—

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has DBL Partners made?: DBL Partners has 84 tracked investments, 12 of which have exited, including 3 dated in the last 24 months.
What stage does DBL Partners invest at?: DBL Partners invests at the Series A stage.
What sectors does DBL Partners focus on?: DBL Partners focuses on AgTech, AI & Machine Learning, Circular Economy, Cleantech, Climate Tech, Deep Tech, Energy, Impact & Social Good, Logistics & Supply Chain, Sector Agnostic, Space Tech.
Where is DBL Partners located?: DBL Partners is headquartered in Palo Alto, US.
Who does DBL Partners co-invest with?: DBL Partners most often shares deals with Aspect Ventures, Canaan Partners, The Westly Group, among 159 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Nancy Pfund, Founder and Managing Partner of DBL Partners

The Climate Group · Nancy Pfund

Investing in No-Sacrifice Models for Climate: Nancy Pfund, DBL Partners | What do cemeteries, luxury handbags, high-quality audio, and selling wheat have in common? If you ask Nancy Pfund, founder and managing partner of DBL... | By Harvard Business School

Nancy Pfund · facebook.com

Images

Co-investors · 19

Kleiner Perkins

Kleiner Perkins is a venture capital firm that backs founders across technology and life sciences, from early stage through growth.

Both backed · 2

SpaceX Solexel

$500K – $15M

Spark Capital

Spark Capital is a venture capital firm that partners with founders, known for early investments including leading Twitter's Series B in 2008.

Both backed · 2

AndelaKateeva

$500K – $25M

Qualcomm Ventures

Qualcomm Ventures is the corporate venture investment arm associated with Qualcomm, backing technology companies from early to growth stage across multiple sectors.

Both backed · 2

rzero-bgR-Zero

$5M

Paladin Capital Group

Paladin Capital Group invests in early stage and growth companies developing cyber, AI and deep technologies that address security and resilience needs for commercial and government customers.

Both backed · 2

Menlo MicrosystemsMenlo Micro

$100K – $5M

Piva Capital

Piva Capital is a venture capital firm that invests in companies aiming to shape the future for humanity.

Both backed · 2

Menlo MicrosystemsMenlo Micro

GV (Google Ventures)

GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.

Both backed · 1

Andela

$250K – $50M

Mayfield Fund

Mayfield is a venture capital firm that invests in early-stage consumer and marketplace companies, backing founders from inception through IPO.

Both backed · 1

SolarCity

$500K – $12M

TLcom Capital

TLcom Capital is a venture capital firm that invests in African founders and technology companies across stages from seed to growth.

Both backed · 1

Andela

$500K – $10M

SOSV

SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.

$30K – $550K

C2 Investments

Scale Venture Partners

Scale Venture Partners is an early-stage venture capital firm that partners with AI companies, supporting their transition from founder-led growth to a scalable go-to-market operation.

$5M – $25M

Energy Impact Partners

Energy Impact Partners is an investment firm that connects entrepreneurs with major corporate partners to help drive the transformation of the global economy toward a more sustainable future.

$5M – $20M

▶7 more co-investors

muru-D National Science Foundation Bow Capital Asset Management Ventures Element Partners Acre Venture Partners VoLo Earth Ventures

Firms observed investing alongside DBL Partners, from public investor directories. Shared companies are the overlap with DBL Partners's recorded portfolio.

Similar investors

Everywhere Ventures

Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.

$250K

Viessmann Generations Group

Viessmann Generations Group is a multi-generational family-owned investment and holding organization that co-creates sustainable living spheres, investing across majority platforms, minority stakes, early-stage ventures, strategic partnerships, generational real assets, and philanthropy.

BDC Fund Investments (Fund-of-Funds)

This page is the analysis and research library of the Business Development Bank of Canada (BDC), publishing studies, surveys and reports on issues affecting small and medium-sized businesses in Canada.

Norrsken VC

Norrsken VC is a European early-stage venture capital firm investing in technology addressing major global challenges across energy, industry and healthcare, born out of the Norrsken ecosystem for impact-focused founders.

$1.1M – $3.2M

WakeUp Capital

WakeUp Capital is an early-stage climate and impact venture capital firm based in Ireland, backing tech-driven founders working on climate resilience and social equity.