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CapitalG company logo
Corporate Venture
capitalg.com

Investments

164

Portfolio Exits

32

Funds

1

Partners & Customers

2

Service Providers

2

About CapitalG

CapitalG operates as Alphabet's independent growth fund, investing in growth-stage companies across various sectors. The company provides capital infusion, strategic guidance, and operational support to help its portfolio companies, which operate in enterprise infrastructure, security, data, fintech, and consumer services and marketplaces, transition from start-up to a growth phase. CapitalG was formerly known as Google Capital. It was founded in 2013 and is based in San Francisco, California.

Headquarters Location

San Francisco, California, 94105,

United States

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Expert Collections containing CapitalG

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find CapitalG in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Research containing CapitalG

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned CapitalG in 1 CB Insights research brief, most recently on Dec 13, 2022.

Latest CapitalG News

Celero Communications Secures $140 Million to Accelerate AI Infrastructure

Nov 18, 2025

Investments Led by CapitalG and Sutter Hill Ventures to Enable AI Infrastructure to Scale-Across Next Generation Optical Interconnects IRVINE, Calif., November 17, 2025-- Celero Communications, a leader in high-performance coherent DSP (digital signal processor) technology for AI infrastructure, today announced that it has raised a total of $140 million in funding. This includes a recent $100 million Series B investment led by CapitalG (Alphabet's independent growth fund) and earlier Series A and seed rounds totaling $40 million led by Sutter Hill Ventures with participation from Valor Equity Partners, Atreides Management, Maverick Silicon, and others. The funding positions the company to address a rapidly expanding market for coherent optical connectivity. Celero's coherent DSP platform provides the essential signal processing that enables AI systems to scale-across AI accelerator clusters and cloud data center connections with unmatched bandwidth efficiency. As AI architectures expand from single-rack systems to millions of AI accelerators and interconnected data center networks, Celero's technology delivers the scalable performance, power efficiency, and cost advantages that define the next generation of accelerated computing. “This investment underscores the confidence investors have in Celero's mission to redefine how AI infrastructure connects and scales,” said Nariman Yousefi, co-founder and CEO of Celero. “As AI models and clusters grow exponentially, today's data centers face severe limits in bandwidth, cost, and energy efficiency. Our coherent DSP technology delivers the optical performance and scalability needed to remove these bottlenecks, establishing the foundation for large-scale, accelerated computing networks.” Celero founders Nariman Yousefi and Oscar Agazzi are former senior executives at Marvell, Inphi, Broadcom, and ClariPhy who have shipped multiple generations of DSPs and networking IC solutions. Celero is redefining the coherent DSP market with breakthrough silicon and system-level integration. “Amid the explosive growth of artificial intelligence, Celero is uniquely positioned to meet the soaring demands of AI infrastructure,” said James Luo, General Partner at CapitalG and member of the Celero board of directors. “The experienced leadership and differentiated architecture at Celero position the company to lead in AI-driven network innovation. We're proud to partner with Nariman Yousefi, Oscar Agazzi, and the team as they execute their vision.” With the industry at a key inflection point for scaling accelerated computing, Celero's coherent DSP innovation unlocks the performance and scalability required to connect the next generation of large-scale AI clusters. “Celero's coherent DSP innovation directly addresses one of the most pressing challenges in AI infrastructure: efficient, scalable optical connectivity,” said Stefan Dyckerhoff, Managing Director at Sutter Hill Ventures and Celero board member. “The team's track record in building and commercializing advanced coherent solutions is unmatched in the industry, and their focused approach positions Celero to lead the next wave of AI infrastructure.” About Celero Communications Celero Communications develops advanced coherent DSP solutions that enable high-bandwidth, low-power optical connectivity for AI infrastructure. Founded in 2024 by industry leaders from Marvell, Inphi, Broadcom, and ClariPhy, Celero combines deep expertise in analog design, digital signal processing, and system architecture to redefine how data centers connect and scale-across large AI networks. The company is headquartered in Irvine, California, with design centers in Canada and Argentina. Learn more at www.celero.inc. About CapitalG CapitalG, Alphabet's independent growth fund, invests in remarkable companies transforming the fields of enterprise infrastructure, AI, security, and data; fintech; and consumer services and marketplaces. CapitalG partners with growth stage companies in their transition from startup to scale up through hands-on assistance and connections to Google's engineering, product, marketing, sales and people operations experts worldwide. More than 3500 Googlers and Alphabet leaders have engaged with CapitalG portfolio companies, including Stripe, CrowdStrike, Databricks, Duolingo, Monzo, Base Power, Abridge, UiPath and Zscaler, among others. Learn more at https://capitalg.com/ Contact: Media Contact: melissasobel@capitalg.com. VCPro Database 2025 2025 New Edition Available! (Updated July 2025) Price: $119.5 (including a free update in January 2026) Discover venture capital effortlessly with the affordable VCPro Database , the top directory for venture capital and private equity.

CapitalG Investments

164 Investments

CapitalG has made 164 investments. Their latest investment was in Celero Communications as part of their Series B on November 17, 2025.

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CapitalG Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2025

Series B

Celero Communications

$100M

Yes

5

11/5/2025

Series E

Armis

$435M

No

6

10/28/2025

Series F

Whatnot

$225M

No

6

10/20/2025

Series B

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$XXM

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10

10/8/2025

Series C

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$XXM

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10

Date

11/17/2025

11/5/2025

10/28/2025

10/20/2025

10/8/2025

Round

Series B

Series E

Series F

Series B

Series C

Company

Celero Communications

Armis

Whatnot

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Amount

$100M

$435M

$225M

$XXM

$XXM

New?

Yes

No

No

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Co-Investors

Sources

5

6

6

10

10

CapitalG Portfolio Exits

32 Portfolio Exits

CapitalG has 32 portfolio exits. Their latest portfolio exit was Next Insurance on March 20, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/20/2025

Acquired

$XXM

7

2/27/2025

Acquired

$XXM

6

7/9/2024

Acquired

$XXM

3

7/8/2024

Acq - Fin - IV

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$XXM

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10

9/22/2021

IPO

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$XXM

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10

Date

3/20/2025

2/27/2025

7/9/2024

7/8/2024

9/22/2021

Exit

Acquired

Acquired

Acquired

Acq - Fin - IV

IPO

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

7

6

3

10

10

CapitalG Fund History

1 Fund History

CapitalG has 1 fund, including Google Capital Late-Stage Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Google Capital Late-Stage Fund

Diversified Private Equity

Open

1

Closing Date

Fund

Google Capital Late-Stage Fund

Fund Type

Diversified Private Equity

Status

Open

Amount

Sources

1

CapitalG Partners & Customers

2 Partners and customers

CapitalG has 2 strategic partners and customers. CapitalG recently partnered with Google on July 7, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

7/24/2018

Partner

United States

UiPath Announces New Integration with Google Cloud Contact Center AI Further Strengthening the Collaboration with Google.

Through this strategic partnership , Google Cloud Platform 's AI capabilities combined with the UiPath will create the perfect infrastructure for introducing AI to the business environment .

1

Partner

United States

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10

Date

7/24/2018

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

UiPath Announces New Integration with Google Cloud Contact Center AI Further Strengthening the Collaboration with Google.

Through this strategic partnership , Google Cloud Platform 's AI capabilities combined with the UiPath will create the perfect infrastructure for introducing AI to the business environment .

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Sources

1

10

CapitalG Service Providers

2 Service Providers

CapitalG has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Growth Equity

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Growth Equity

Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

CapitalG Team

14 Team Members

CapitalG has 14 team members, including current Chief Financial Officer, Kristin Drew.

Name

Work History

Title

Status

Kristin Drew

Google, and PwC

Chief Financial Officer

Current

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Name

Kristin Drew

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Work History

Google, and PwC

Title

Chief Financial Officer

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Status

Current

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