Dropbox Ventures is the corporate venture capital arm of Dropbox, Inc., launched in 2023 with a $50 million fund to invest in early-stage, AI-native startups building the next generation of AI-powered apps and tools for work. It leverages Dropbox's founder-led experience scaling to hundreds of millions of users to support portfolio companies.
Deal activity increased 200% year-over-year (3 deals in the last 12 months). Their most common stage is seed (50% of deals). Average disclosed round size is $11.5M (across 32 rounds with reported amounts).
Portfolio
33
Fund Size
$50M
Top Stage
Seed
Last 12 Mo
3
Team
DH
Drew Houston
Lead
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 LemonSlice | Seed | $10.5M | Dec 2025 |
 Momentic | Series A | $15M | Nov 2025 |
 Oneleet | Series A | $33M | Oct 2025 |
 Spur | Seed | $4.5M | Apr 2025 |
| Momentic | Series A | $15M | Jan 2025 |
 PlayerZero | Seed | $5M | Jan 2025 |
 Bardeen | Seed | $3M | Aug 2024 |
| BBardeen.ai | Seed | $3.5M | Aug 2024 |
 Lakera | Series A | — | Jul 2024 |
 Alinea Invest | Seed | $3.4M | Jan 2024 |
 Lamini | Series A | $25M | Jan 2024 |
 Speak | Series B | $16M | Aug 2023 |
 Kapital | Series A | $20M | Jan 2023 |
 Topship | Seed | $2.5M | May 2022 |
 Antimatter | Series A | $12M | Mar 2022 |
 Roboflow | Seed | $2.1M | Jan 2021 |
 Fireflies.ai | Seed | $5M | Jan 2021 |
 100 Thieves | Series B | $35M | Jul 2019 |
 Aspen | Series A | $12M | Jun 2019 |
 Onna | Series A | $11M | Jun 2019 |
 Scale | Series B | $18M | Aug 2018 |
 Simple Habit | Seed | $2.5M | May 2017 |
 Figma | Series A | $14M | Dec 2015 |
| ZZenPayroll | Seed | $6.1M | Dec 2012 |
 ELEVATE | Seed | $6.5M | — |
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Top Co-Investors
Y Combinator12 shared
First Round Capital4 shared
Figma Ventures3 shared
Index Ventures2 shared
OpenAI Startup Fund2 shared
Conviction Partners2 shared
Standard Investments2 shared
Transpose Platform2 shared
Salesforce Ventures2 shared
Mercury Fund2 shared
468 Capital2 shared
HubSpot Ventures2 shared
Insight Partners2 shared
FirstMark Capital2 shared
Dawn Capital2 shared
Vercel2 shared
8VC2 shared
Village Global2 shared
The Slack Fund2 shared
Salesforce2 shared
Last updated: 7 October 2026