DFJ Growth

DFJ Growth is a Menlo Park, California-based venture capital firm that invests in growth-stage technology companies during their critical scaling phase. The organization bridges the gap between early-stage venture capital and public markets by providing capital and operational expertise to high-tech businesses across the consumer, enterprise, and disruptive technology sectors. Operating on approximately four-year investment cycles, the firm recently closed its fifth fund in 2025 with $1.2 billion in committed capital, which significantly exceeded its initial $800 million target. The firm's historical portfolio includes 24 companies that achieved exits at valuations over $1 billion, alongside five exits exceeding $10 billion, featuring notable investments in recognizable entities like SpaceX, Tesla, Coinbase, Twitter, and Unity. DFJ Growth was originally founded as a spin-out in 2005 by John Fisher, Barry Schuler, Randy Glein, and Mark Bailey.