CapitalG Management Company LLC (file no. 5324444) (formerly Google Capital) is the independent growth fund under Alphabet Inc. The fund invests in growth-stage technology companies. Alphabet is its sole limited partner and allocates capital through annual funds. CapitalG describes its mandate as financial return, distinct from Google's Corporate Development group, which makes acquisitions aligned with Google's products. 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.
History The fund began operating in 2013 but was only officially unveiled on February 19, 2014. The firm operates out of the Ferry Building in San Francisco. Following the Alphabet restructuring, Google Capital was renamed CapitalG on November 4, 2016.
Team CapitalG is led by managing partner Laela Sturdy. It was founded in 2013 by 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 (now managing partner; before joining CapitalG she was a Managing Director of Emerging Businesses at Google), Derek Zanutto (formerly at TPG, Hellman & Friedman and GIC) and Jesse Wedler (who joined CapitalG in 2013 out of Stanford business school).
CapitalG also comprises over 50 advisors from senior positions within Google, who offer portfolio companies guidance in business areas such as data science, engineering, marketing, and product management.
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Relationship to GV CapitalG focuses on later-stage and growth equity investments, while GV invests in companies across all stages and industries. Another corporate division, Google's Corporate Development group, does acquisitions and investments that are strategic for Google's products and business.
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CapitalG on Index