DFJ Growth

Growth equity firm
San Mateo, California, USAFounded 2005dfjgrowth.comSee connections →

Growth-stage venture firm investing in AI, robotics and automation, aerospace and defense, and biotech, based in San Mateo, California.

At a glance

DFJ Growth appears in 3 funding rounds tracked by ValueAddVC since 2025, leading 2. Its most recent tracked deal was BigHat Biosciences' $75M Series C round (Sep 24, 2026). ValueAddVC also tracks 5 funds managed by DFJ Growth.

Strategy

Stages
Growth
Sectors
AIRobotics and AutomationAerospace and DefenseBiotech
Geographies
USASan Mateo, California, USA

Recent changes

  1. Sep 24, 2026Invested in BigHat Biosciences (Series C, $75M) BioSpace
  2. Aug 1, 2026Invested in Cambridge Aerospace (Series C, $300M) The Next Web
  3. Sep 26, 2025Invested in Modular (Series C, $250M) SDxCentral
  4. May 13, 2025New fund: DFJ Growth Fund V ($1.2B) Crunchbase News
  5. May 13, 2025Sectors updated: AI, Robotics and Automation, Aerospace and Defense, Biotech Crunchbase News
Earlier changes (4)
  1. May 13, 2025Stages updated: Growth Crunchbase News
  2. Dec 22, 2023New fund: DFJ Growth V SEC EDGAR Form D
  3. May 11, 2020New fund: DFJ Growth Growth Fund IV SEC EDGAR Form D
  4. Jun 21, 2016New fund: DFJ Growth 2016 (target $500M) SEC EDGAR Form D

Funds

5
FundVintageSizeStrategySource
DFJ Growth Fund V2025$1.2BOtherGrowth equity
As of May 13, 2025Crunchbase News
DFJ Growth V2023—Growth
As of Jul 11, 2024SEC EDGAR Form D
DFJ Growth X-I2022$26.7MSide vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close
As of Dec 8, 2022SEC EDGAR Form D
DFJ Growth Growth Fund IV2020—Growth
As of Apr 26, 2021SEC EDGAR Form D
DFJ Growth 20162016target $500MGrowth
As of Jun 21, 2016SEC EDGAR Form D

Portfolio

3 total

Recent Investment Activity

3

Track record: led 2 and participated in 1 of 3 tracked venture rounds · 2 in the last 12 months · led 2 Series C

Sector / Stage Activity

By sector (portfolio)
Biotech
1 · 33%
Defense
1 · 33%
AI infra
1 · 33%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. BigHat Biosciences Raises $75M To Scale AI Antibody DesignBigHat Biosciences closed a $75 million Series C co-led by DFJ Growth and Premji Invest, taking total funding to $223 million as its AI-designed antibody-drug conjugate enters a Phase 1 trial for gastric cancer.→
  2. Impulse Space Adds $308M, Valuation Jumps To $5.4BImpulse Space closed a $308 million Series D extension at a $5.4 billion valuation, growing its Series D to $808 million total as demand for in-space transportation outpaces the company's launch manifest.→
  3. Positron AI Raises $875M At $5B ValuationAI inference-chip startup Positron AI raised $875 million at a $5 billion valuation, more than quadrupling its value in seven months as it races to tape out its memory-heavy Asimov chip on TSMC's N3P process.→
  4. Anduril Backers Give Cambridge Aerospace $3.4B ValuationCambridge Aerospace, a British drone-and-missile interceptor startup, raised a $300 million Series C led by DFJ Growth at a $3.4 billion valuation, taking its total raised past $630 million in under two years.→

DFJ Growth FAQ

What is DFJ Growth's latest fund?

DFJ Growth Fund V, announced at $1.2B (As of May 13, 2025; Crunchbase News).

What companies has DFJ Growth invested in?

DFJ Growth's portfolio includes BigHat Biosciences, Cambridge Aerospace, Modular.

Who does DFJ Growth co-invest with most?

In the rounds Value Add tracks, DFJ Growth most often invests alongside 8VC (1 shared deal), Accel (1 shared deal), Andreessen Horowitz (1 shared deal), Blockchain Capital (1 shared deal), Catalio Capital Management (1 shared deal).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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