Biotech & Life SciencesClimate & EnergyAIManufacturingDefense & SpaceCybersecurityFood & Agriculture
DCVC is a venture capital firm that invests in "deep tech" breakthroughs, focusing on companies that leverage advanced science and engineering, including AI, robotics, and biotechnology. Their strategy is to back entrepreneurs solving high-stakes, real-world problems across sectors like climate change, energy, medical treatments, food systems, and national security.
Average disclosed round size is $83.7M (across 101 rounds with reported amounts).
Portfolio
105
Fund Size
$4B
Top Stage
Series A
Last 12 Mo
11
Team
DJ
Dr. Justin Kern
Partner, DCVC Bio
DV
Dr. Vandon Duong
Principal
DJ
Dr. Josué López
Principal
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
105 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 AgZen Inc. | Series B | $10M | Mar 2026 |
 Chariot Defense | Series A | $34M | Feb 2026 |
 Lunar Energy | Series D | $102M | Feb 2026 |
| PProxima | Unknown | $80M | Jan 2026 |
 Mythic | Series D | $125M | Dec 2025 |
 Relation Therapeutics Limited | Series B | $26M | Dec 2025 |
 Unconventional AI | Seed | $475M | Dec 2025 |
 ElectronX | Series A | $30M | Nov 2025 |
 Seneca | Series B | $60M | Oct 2025 |
 Nilo Therapeutics | Series A | $101M | Oct 2025 |
 Chai Discovery | Series A | $70M | Aug 2025 |
 Mainspring Energy, Inc. | Series F | $258M | Apr 2025 |
 Solu Therapeutics | Series A | $41M | Apr 2025 |
| AgZen Inc. | Series A | $10M | Mar 2025 |
 Umoja Biopharma | Series C | $100M | Jan 2025 |
 Slip Robotics | Series B | $28M | Dec 2024 |
| AAgility Robotics Inc. | Series D | $150M | Oct 2024 |
 Reality Defender | Series A | $33M | Oct 2024 |
 Zap Energy | Series D | $130M | Oct 2024 |
 Impulse Space | Series C | $150M | Oct 2024 |
 Tidal Metals | Seed | $8.5M | Sep 2024 |
 Twelve | Series C | $200M | Sep 2024 |
 unspun | Series B | $32M | Jul 2024 |
 Kanvas Biosciences | Series A | $12.5M | Jul 2024 |
 Fervo Energy | Series C | $221M | Feb 2024 |
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Top Co-Investors
Lux Capital15 shared
Alexandria Venture Investments7 shared
Novo Holdings6 shared
Temasek Holdings5 shared
Khosla Ventures5 shared
Mubadala Ventures5 shared
Y Combinator5 shared
Casdin Capital5 shared
Spark Capital4 shared
Andreessen Horowitz4 shared
Cormorant Asset Management4 shared
Breakthrough Energy Ventures4 shared
MPM Capital4 shared
Emerson Collective4 shared
Qiming Venture Partners USA4 shared
SoftBank Vision Fund4 shared
Felicis Ventures4 shared
8VC4 shared
General Catalyst3 shared
RA Capital Management3 shared
Last updated: 15 April 2026