How many investments has DBL Partners made?

DBL Partners has 60 tracked investments, 3 of which have exited via acquisition or IPO, including 1 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, DCVC (Data Collective), among 152 tracked co-investors.

DBL Partners

Impact investor

Palo Alto · Series A · 10 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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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 · 10 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

Mikaela Bradbury· Associatein

m•••@dbl.vcreveal

Glenn Poppe

What they invest in

from 35 of 78 portfolio companies

Cleantech ×9Energy ×8AI & Machine Learning ×6FoodTech ×6Hardware ×6Circular Economy ×5Impact & Social Good ×5Enterprise Software ×4

HQs:United States×35

Who they back

founder profiles across 23 portfolio companies

61%

solo founders

14 of 23 mapped founding teams

42%

repeat founders

of 12 founders with career history

Founding team size:solo founder×142 founders×33 founders×44+ founders×2

Where their founders worked beforefrom 12 founders with career history

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

Investments · 78 tracked

founders shown can be your intro path

By year:2025 · 2 2024 · 2 2021 · 3 2019 · 1 2018 · 1 2016 · 2 2015 · 3 2014 · 2 2013 · 117 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)Jeffrey B Straubel(Executive Officer)Martin Eberhard(Founder)inJerome M Guillen(Executive Officer)Deepak 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)in

Co-investors1/1 Capital 137 Ventures 4DX Ventures A*Abstract Ventures Access Technology Ventures +110 more

Advanced MicroGrid SolutionsMay 2015SEC filingmedium confidence

EnergySan Francisco, US

Susan Kennedy(Executive Officer, Director)

BoardJackalyne Pfannenstiel(Director)Kellogg Warner(Director)

Board seatNancy Pfund· per SEC Form D · $12.5M raise · filed Jan 2020

Apeel Technology, Inc.Oct 2016SEC filingmedium confidence

Goleta, US

James Rogers(Executive Officer, Director, Promoter)John Petote(Director)

BoardVijay Pande(Director)inJason Spievak(Director)inYves Sisteron(Director)Walter Robb(Director)

Board seatIra Ehrenpreis· per SEC Form D · $33M raise · filed Dec 2016

Co-investorsAndreessen Horowitz Commodity Capital Entrada Ventures UPFRONT Upfront Partners

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)Rolph Decker(Director)Mathieu Brown(Executive Officer, Director)

BoardKenneth Hood(Director)in

Board seatNancy Pfund· per SEC Form D

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

Better Place InternationalOct 2021SEC filingmedium confidence

San Francisco, US

Jamieson Michael John Knowlton(Executive Officer, Director)Stephen Bradley Milne(Executive Officer, Director)Alexander Athol Sandy Gibson(Executive Officer, Director)Christopher Adams Muller(Executive Officer)

Board seatIra Ehrenpreis· per SEC Form D · $20M raise · filed Nov 2021

Co-investorsTrue Ventures

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)Greg Rodrigues(Director)Aaron Enrico(Director)

BoardTory Patterson(Director)

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

Co-investorsAiiM Partners

NEXTrackernextracker.comJun 2015

Fremont, US

Wade Woodson(Director)Robert Zapotosky(Executive Officer)Bruce Ledesma(Director)Suvi Sharma(Director)Daniel Shugar(Executive Officer, Director)

Board seatNancy Pfund· per SEC Form D

Co-investorsClearSky SJF Ventures

Off Grid ElectricFeb 2016SEC filingmedium confidence

Solar company selling pay-as-you-go home solar and storage as a service to off-grid households in Africa.

EnergyGrand Cayman

Erica Mackey(Cofounder)Francis Hegelsen(Executive Officer, Director)Lyndon Rive(Director)Bill Lenihan(Executive Officer)Erica Ann Mackey(Director)Stephen Hall(Director)

Board seatNancy Pfund· per SEC Form D · filed May 2016

Co-investorsZouk Capital

R-Zero SystemsJun 2021SEC filingmedium confidence

South Salt Lake, US

Grant Morgan(Executive Officer, Director)Jennifer Nuckles(Director)Benjamin Boyer(Executive Officer, Director)

BoardRob Theis(Director)

Board seatIra Ehrenpreis· per SEC Form D · $45M raise · filed Jun 2021

Solexel inJul 2014SEC filingmedium confidence

EnergyMilpitas, US

Mehrdad Moslehi(Executive Officer, Director)Marinus (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-investorsImperative Science Ventures

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)Eric Johnson(Executive Officer)Kathryn King(Executive Officer)Stephen Szejner(Director)Katherine King(Executive Officer)

BoardJonathan Silver(Director)

Board seatIra Ehrenpreis· per SEC Form D

Wheels LabsMar 2021SEC filingmedium confidence

West Hollywood, US

Marco McCottry(Executive Officer)Bruce McAllister(Executive Officer)

BoardBen Boyer(Director)Duncan Davidson(Director)Tarkan Maner(Director)

Board seatIra Ehrenpreis· per SEC Form D · $8.5M raise · filed Apr 2021

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 builds Airspace Spatial, a patented drone-detection platform that combines Remote ID, electronic sensing, RADAR, and AI analytics to detect, identify, and mitigate unauthorized drone activity at city scale.

AI & Machine LearningCybersecurityDefense Tech

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)inIyinoluwa Aboyeji(Founder)Nadayar Enagesi(Founder)Brice Nkengsa(Founder)Ian Carnevale(Founder)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

LouJames 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 OASES, a cloud-based energy management and optimization platform that uses AI and physics-based modeling to optimize renewable energy and storage portfolios including photovoltaics, battery storage, microgrids, wind turbines, and EV charging.

AI & Machine LearningCleantechEnergyOakland, US

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

brightsource-bg

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)

BoardAnukool Lakhina(Executive Officer, Director)in

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

Chestnutchestnutmortgage.com in 𝕏Feb 2025 · $160M

Chestnut Mortgage uses AI to automate document review, loan processing, and comparisons to reduce costs and timelines for residential mortgage borrowers.

AI & Machine LearningFintechPropTechSan Francisco, US

Spencer Brown(Founder)in

Co-investorsY Combinator Neer Venture Partners Olive Tree Capital

Chestnutchestnutfi.comFeb 2025 · $160M

Chestnut provides software technology for insurance carriers and producers to manage distribution, improve operational efficiency, and optimize growth.

Enterprise SoftwareInsurTechSaaS

Co-investorsAndreessen Horowitz

Chestnut Carbon

Develops nature-based carbon removal projects including afforestation and improved forest management in the United States.

chestnut-bgchestnutcarbon.com in

Chestnut Carbon develops nature-based carbon removal projects—including afforestation (ARR) and improved forest management (IFM)—that restore and conserve privately-owned U.S. forests, focused on the Southeastern U.S. and nationwide.

CleantechClimate TechImpact & Social Good

e-loan-bgeloan.com

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

Fintech

e-meter-bgemeter.com

eLoan

eMeter

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)Diego Lopez Casanello(Executive Officer, Director)Guillaume Luebke(Executive Officer)Amol Deshpande(Executive Officer, Director)

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

Five Prime TherapeuticsMar 2014

BiotechSouth San Francisco, US

Mark D. McDade(Director)W. Michael Kavanaugh, M.D.(Executive Officer)Brian G Atwood(Director)R. Lee Douglas(Director)Fred E. Cohen, M.D., D.Phil.(Director)Franklin M. Berger, CFA(Director)

Co-investorsLightstone Ventures

five-prime-bgfiveprime.com

Co-investorsLightstone Ventures

Kateevakateeva.com in 𝕏

Co-investorsNew Science Ventures Veeco

Labcyte

Mapbox

Mast

Provides biomass burial and reforestation solutions for land damaged by wildfire.

Menlo Micro

Develops cutting edge electronic switches to create a more energy efficient and sustainable world.

Co-investorsATEL Ventures Paladin Capital Group Piva Capital Vertical Venture Partners

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

Chris(Co-Founder & CTO)Risa Stack(Co-Founder & Board Member)Russ Garcia(CEO)

Co-investorsVertical Venture Partners GE Ventures Standard Investments PETRONAS Ventures

OPX Biotechnologies

opxbio-bgopxbiotechnologies.com

Pallet

A company that builds transitional shelter villages to address homelessness by providing private living units with integrated social services and support.

Co-investorsAutodesk Foundation Buckhill Capital

Pandora

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)Jon Kraft(Co-Founder)Joe Kennedy(President & CEO)Brian McAndrews(CEO)Roger Lynch(CEO)

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

Peninsula Pharmaceuticals

Co-investorsCanaan Partners

peninsula-pharma-bg

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)inRobbie Schingler(Co-Founder and Chief Strategy Officer)Christopher R. Boshuizen(Executive Officer, Director)inMark Jacobson(Director)Robert H. Schlingler Jr.(Executive Officer, Director)

BoardZachary Bogue(Director)in

Co-investors137 Ventures DCVC (Data Collective)Felicis Ventures Future Ventures Hemisphere Ventures LLC K3 Ventures +16 more

planet-bg

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)inTim Jenks(CEO)Bob Zak(COO)Lori Bass(CFO)Tom Nugent(CTO)

Primus Power

primus-power-bgprimuspower.com

R-Zero

Co-investorsLeadout Capital Qualcomm Ventures

Rain

Prevents catastrophic wildfires using a distributed network of autonomous aircraft that respond to ignitions within seconds.

RallyPoint

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)Kathy Roland(Director)Gerald Gallagher(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

SolarCitysolarcity.com

San Mateo, US

Lyndon Rive(Founder)inBenjamin J Cook(Executive Officer)John H.N. Fisher(Director)Seth R Weismann(Executive Officer)Mark C Roe(Executive Officer)Tobin J. Corey(Executive Officer)

Co-investors137 Ventures Mayfield Fund Silver Lake Partners

Solariasolaria.com in 𝕏

Solaria is a solar panel product line whose warranty services are now administered by SunPower, Inc. (formerly Complete Solaria, Inc.).

CleantechEnergyHardwareFremont, US

Suvi Sharma(Executive Officer, Director)Robert Zapotosky(Executive Officer)Daniel Shugar(Director)Liu Yan(Director)Zhao Defeng(Director)

BoardLi Biao(Director)

Co-investorsCycad Group LLC Adams Street Partners

space-x

Spatial

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)

Co-investors8VC Alpha Wave Global Aurum Venture Partners Coatue Management Dreamers VC Founders Fund +8 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)inAlex 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)Henry V. Barry(Executive Officer)Henry V Barry(Executive Officer)

BoardMathias Schilling(Director)inCynthia Ringo(Director)

Co-investorsAcrew Capital Aspect Ventures Bright Pixel Capital Canaan Partners Greycroft HDS Capital +10 more

the-boring-co-bg

the-real-real-bg

Trove

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)

BoardGABRIEL KRA(Director)inBROOK PORTER(Director)inSHELLEY BRANSTEN(Director)

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

trove-bg

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)Andrea Barrett(Co-founder)Jessica Steel(Executive Officer, Director)Rob Hayes(Director)Neal Hansch(Director)

BoardVincent Caruso(Director)in

Co-investorsAdvance Venture Partners Aspect Ventures Canaan Partners Owl Capital Royal Street Ventures Management Company, Llc The Perkins Fund +1 more

View

view-bgviewglass.com

Wynd

xAI

XDx

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)Tod Higinbotham(CEO)inMarty Heimbigner(Chief Financial Officer)

BoardMark Perutz(Director)inJesse 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

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

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 · 2

IPOs and acquisitions across the tracked portfolio

TeslaNASDAQ: TSLASpaceXNASDAQ: SPCX

Portfolio news

latest coverage across their companies

Job Application for FP&A Analyst at Airspace

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

Why a veteran fund manager sees more trouble ahead for SpaceX as its post-IPO roller coaster continues

SpaceX · businessinsider.com · Aug 16, 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

Solaria Raises €300 Million to Build Out Renewables, Storage, Data Center Infrastructure Platform - ESG Today

Solaria · esgtoday.com · May 1, 2026

Sell or Invest in PowerLight Technologies Stock Pre-IPO

PowerLight · nasdaqprivatemarket.com · Nov 20, 2025

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 60 tracked investments, 3 of which have exited via acquisition or IPO, including 1 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, DCVC (Data Collective), among 152 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

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

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

Kleiner Perkins

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

Both backed · 1

SpaceX

$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 · 1

Andela

$500K – $25M

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

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 · 1

Menlo 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 · 1

Menlo Micro

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.

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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)

BDC Fund Investments is the fund-of-funds arm of BDC Capital that acts as a limited partner, backing emerging and established fund managers who invest in technology-focused Canadian companies.

Norrsken VC

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$1.1M – $3.2M

WakeUp Capital

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