DBL Partners is an impact venture capital firm that invests in companies delivering top-tier venture capital returns alongside measurable social, environmental, and economic benefits. Founded in 2008, it pioneered the 'double bottom line' approach to investing.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Average disclosed round size is $61.5M (across 39 rounds with reported amounts).
Portfolio
32
Fund Size
—
Top Stage
Series B
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
43 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Agtonomy | Series B | $18M | Oct 2025 |
 Chestnut Carbon | Series B | $90M | Sep 2025 |
| Chestnut Carbon | Series D | $160M | Feb 2025 |
 Rain | Seed | — | Sep 2023 |
 Rain | Seed | — | Sep 2023 |
 Airspace | Series C | $70M | May 2022 |
| MMenlo Microsystems | Series C | $150M | Mar 2022 |
 Menlo Micro | Series C | $150M | Mar 2022 |
 Pallet Shelter | Unknown | $15M | Jan 2022 |
| AApeel Science | Unknown | $250M | Jan 2022 |
 DroneSeed | Series A | $36M | Sep 2021 |
 Zola Electric | Seed | $90M | Sep 2021 |
 Trove | Series D | — | Aug 2021 |
| WWynd Technologies | Series A | $10M | Aug 2021 |
| Zola Electric | Unknown | $90M | Jan 2021 |
| DroneSeed | Series A | $36M | Jan 2021 |
| Trove | Series A | $16M | Aug 2020 |
 Wheels | Growth | $50M | Oct 2019 |
 Bellwether Coffee | Series B | $40M | Sep 2019 |
 Bellwether | Series B | $40M | Sep 2019 |
 Mapbox | Series C | $164M | Oct 2017 |
 Andela | Series C | $40M | Oct 2017 |
| AAdvanced Microgrid Solutions | Series B | $34M | Jul 2017 |
 The Muse | Series B | $16M | Jun 2016 |
 Kateeva | Series E | $88M | May 2016 |
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Top Co-Investors
GV4 shared
Thrive Capital4 shared
Kleiner Perkins3 shared
British International Investment3 shared
Spark Capital3 shared
Helios Investment Partners3 shared
Cercano Management3 shared
Scale Venture Partners2 shared
Two Sigma Ventures2 shared
APEX Ventures2 shared
QED Investors2 shared
Spindrift Equities2 shared
Tandem Capital2 shared
FusionX Ventures2 shared
Coffee Bell2 shared
Congruent Ventures2 shared
DFJ Growth2 shared
Flight.VC2 shared
Awesome People Ventures2 shared
Time Ventures2 shared
Last updated: 7 October 2026