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.
Their most common stage is seed (44% of deals). Average disclosed round size is $11.7M (across 24 rounds with reported amounts).
Portfolio
25
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
25 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 |
 Bardeen | Unknown | $3M | Aug 2024 |
 Lakera | Series A | — | Jul 2024 |
 Alinea Invest | Seed | $3.4M | Jan 2024 |
 SPeak | Series B | $16M | Aug 2023 |
 Topship | Seed | $2.5M | May 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 |
 Scale AI | Series B | $18M | Aug 2018 |
 Simple Habit | Seed | $2.5M | May 2017 |
 Figma | Series A | $14M | Dec 2015 |
 ELEVATE | Seed | $6.5M | — |
 Lamini | Series A | $25M | — |
 Tiny Health | Seed | $4.5M | — |
 Kapital | Series A | $20M | — |
 Meticulous | Series A | $15M | — |
 LightBeam.ai | Series A | $17.8M | — |
 The Token Company | Unknown | $11.7M | — |
 CodeCrafters | Seed | $1.8M | — |
| AAug X Labs | Seed | $3.1M | — |
Top Co-Investors
Y Combinator8 shared
First Round Capital3 shared
Index Ventures2 shared
Figma Ventures2 shared
OpenAI Startup Fund2 shared
Salesforce Ventures2 shared
Greylock Partners1 shared
Iconiq Capital, LLC1 shared
INDIE1 shared
Designer Fund1 shared
CRV1 shared
SV Angel1 shared
#ANGELS1 shared
Scale Venture Partners1 shared
Neo1 shared
Conviction Partners1 shared
Pear VC1 shared
Inovia Capital1 shared
Atomico1 shared
Redalpine1 shared
Last updated: 9 September 2026