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G2 Venture Partners

North America, California, United States, Menlo Park

Description

G2 Venture Partners is a venture capital firm based in Menlo Park, California, dedicated to investing in emerging technology companies that are digitizing traditional industries and driving significant market transformations. The firm was established in 2018, spinning out of Kleiner Perkins, and inherited a strong legacy in green technology and industrial innovation. G2VP's investment thesis centers on sustainability, resource efficiency, and industrial technology, targeting sectors such as supply chain, logistics, manufacturing, energy, and agriculture.

The firm has demonstrated substantial fundraising success, underscoring its commitment to growth-stage investments. In 2021, G2VP announced the close of its second fund, G2 Growth Fund II, at $500 million. This was followed by the successful close of its third fund, G2 Growth Fund III, also at $500 million, in 2023. These funds contribute to G2VP's impressive total capital under management, which now exceeds $1.2 billion across its three primary funds, enabling them to provide significant capital to their portfolio companies.

G2 Venture Partners primarily focuses on growth equity investments, typically participating in Series B, C, and later-stage funding rounds. They seek out companies that have achieved product-market fit and are poised for rapid scaling, offering not just capital but also strategic guidance and operational expertise. Their approach involves partnering with founders who are building disruptive technologies that can lead to more efficient, sustainable, and resilient industrial systems. The firm emphasizes long-term partnerships, supporting companies through various growth phases to achieve their full potential and create lasting impact.

Investor Profile

G2 Venture Partners has backed more than 47 startups, with 6 new investments in the last 12 months alone. The firm has led 20 rounds, about 43% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Switzerland, Canada.
  • Strong thematic focus on Software, Manufacturing, Machine Learning.
  • Led 3 rounds in the past year.
  • Typical check size: $20M – $75M.

Stage Focus

  • Series B (28%)
  • Series C (26%)
  • Series D (19%)
  • Series E (9%)
  • Seed (4%)
  • Series Unknown (4%)
  • Series A (4%)
  • Post Ipo Equity (2%)
  • Series F (2%)
  • Series G (2%)

Country Focus

  • United States (87%)
  • Switzerland (4%)
  • Canada (4%)
  • Germany (4%)

Industry Focus

  • Software
  • Manufacturing
  • Machine Learning
  • Renewable Energy
  • Artificial Intelligence (Ai)
  • Logistics
  • Industrial Automation
  • Saas
  • Automotive
  • Productivity Tools
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does G2 Venture Partners frequently co-invest with?

Wellington Management
North America, Massachusetts, United States, Boston
Co-Investments: 5
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 2
DCM Ventures
North America, California, United States, Menlo Park
Co-Investments: 4
NGP Capital
North America, California, United States, Palo Alto
Co-Investments: 3
BoxGroup
North America, New York, United States, New York
Co-Investments: 4
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 4
Activate Capital Partners
North America, California, United States, San Francisco
Co-Investments: 3
Shell Ventures
Europe, Zuid-Holland, The Netherlands, Rijswijk
Co-Investments: 4
Triangle Peak Partners
North America, California, United States, Palo Alto
Co-Investments: 4
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 4

Which angels does G2 Venture Partners often collaborate with?

ZW
North America, New York, United States, New York
Shared Deals: 1
JW
North America, California, United States, Mountain View
Shared Deals: 1
BB
North America, Texas, United States, Austin
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 2
RF
North America, California, United States, San Francisco
Shared Deals: 1
David Marcus
North America, California, United States, San Francisco
Shared Deals: 1
DS
Oceania, Australia
Shared Deals: 1
CP
North America, California, United States
Shared Deals: 1
GM
North America, California, United States, San Francisco
Shared Deals: 1
SS
North America, California, United States, Menlo Park
Shared Deals: 1

What are some of recent deals done by G2 Venture Partners?

AssetWatch

Westerville, Ohio, United States

AssetWatch is a deployable, remote, end-to-end condition monitoring solution providing predictive insight to enable proactive maintenance.

Big DataIndustrial AutomationInternet of ThingsMachine LearningPredictive Analytics
Series CApr 30, 2025
Amount Raised: $75,000,000
CAST AI

North Miami Beach, Florida, United States

CAST AI is the leading Kubernetes automation platform that cuts AWS, Azure, and GCP customers’ cloud costs by over 50%

Artificial Intelligence (AI)Cloud ComputingCloud InfrastructureCloud ManagementCloud SecurityDeveloper PlatformDeveloper ToolsDevOpsSaaSSoftware
Series CApr 30, 2025
Amount Raised: $108,000,000
Lumafield

Cambridge, Massachusetts, United States

Lumafield develops industrial computed tomography (CT) solutions for non-destructive testing and inspection for engineers.

HardwareManufacturingMedical DeviceSoftware
Series CMar 13, 2025
Amount Raised: $75,000,000
1Komma5°

Hamburg, Hamburg, Germany

1Komma5° is an electricity company offering free electricity to all electric vehicle owners financed through trading using GHG quotas.

ManufacturingRenewable EnergySemiconductor
Series UnknownDec 20, 2024
Amount Raised: $156,472,484
Seegrid

Pittsburgh, Pennsylvania, United States

Seegrid is a provider of autonomous mobile robots (AMRs) and enterprise software for material handling.

Autonomous VehiclesIndustrial AutomationLogisticsRoboticsSupply Chain ManagementWarehouse Automation
Series DSep 5, 2024
Amount Raised: $50,000,000
Oyster

Charlotte, North Carolina, United States

Oyster is a distributed HR platform that offers companies to hire, pay, and care for teammates.

EmploymentHuman ResourcesInsurTechSaaSSoftware
Series DSep 4, 2024
Amount Raised: $59,000,000
Waabi

Toronto, Ontario, Canada

Waabi is an artificial intelligence company that develops autonomous driving technology for the transportation sector.

Artificial Intelligence (AI)AutomotiveAutonomous VehiclesMachine Learning
Series BJun 18, 2024
Amount Raised: $200,000,000
Relay

Raleigh, North Carolina, United States

Relay is a cloud based communication platform that offers team communications, operational insights, and workers safety for the leaders.

Communication HardwareGPSProductivity ToolsSoftware
Series BJun 10, 2024
Amount Raised: $35,000,000
Arcadia

Greenwood Village, Colorado, United States

Arcadia is a climate software and data company that specializes in decarbonizing the electric grid.

Clean EnergyCleanTechDatabaseRenewable EnergySoftware
Series EApr 11, 2024
Amount Raised: $50,000,000
AssetWatch

Westerville, Ohio, United States

AssetWatch is a deployable, remote, end-to-end condition monitoring solution providing predictive insight to enable proactive maintenance.

Big DataIndustrial AutomationInternet of ThingsMachine LearningPredictive Analytics
Series BFeb 21, 2024
Amount Raised: $38,000,000