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§ Venture Capital · USA, Europe
Corporate venture fund investing in early-stage AI startups building tools for enterprise and productivity workflows, focused on modern work.
Based in San Francisco, California, Dropbox Ventures is the corporate venture capital arm of Dropbox that invests in early-stage artificial intelligence startups focused on enterprise productivity and modern work tools. The firm operates with a $50 million committed fund, typically writing initial checks ranging from $100,000 to $1 million for Seed and Series A funding rounds. Beyond capital, the organization provides its portfolio companies with strategic mentorship, product integrations, and potential exposure to the broader ecosystem of over 700 million registered Dropbox users. The fund targets sectors such as cybersecurity, life sciences, and business services to reshape enterprise workflows. Its investment portfolio features several notable AI-powered applications and developer tools, including LlamaIndex, Bardeen, Lakera, and Highnote. Dropbox Ventures was established in 2022 by its parent company, Dropbox, under the leadership of chief executive officer Drew Houston.
Dropbox Ventures has raised $1.4B across 5 funding rounds.
Key people at Dropbox Ventures.
Dropbox Ventures has raised $1.4B in total across 5 funding rounds.
Dropbox Ventures has raised $1.4B across 5 funding rounds. Most recently, it raised $600.0M Dropbox - Debt in March 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 24, 2025 | Momentic | $15.0M Series A | Bryan Berg | Fcvc, Karman Ventures, Transpose Platform, Y Combinator |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 30, 2017 | $600M Debt Financing | — | Bank OF America, Deutsche Bank, Goldman Sachs, J.P. Morgan, Macquarie, Royal Bank OF Canada | Announced |
| Apr 6, 2014 | $500M Debt Financing | — | — | Announced |
| Jan 17, 2014 | $250M Venture Round | BlackRock | — | Announced |
| Nov 24, 2009 | $6M Series A | Sequoia Capital | Accel | Announced |
| Sep 4, 2008 | $1.2M Venture Round | Sequoia Capital | — | Announced |
Key people at Dropbox Ventures.
Dropbox Ventures functions as the strategic investment arm of Dropbox, backing early-stage artificial intelligence startups. It funds companies developing next-generation AI-powered applications and tools designed to reshape modern work environments. Beyond capital, the initiative offers portfolio companies strategic partnership, mentorship, and potential access to Dropbox’s extensive user base.
The venture arm was established by Dropbox, leveraging its own origins as an early-stage, founder-led company. This insight emphasizes entrepreneurial innovation requires support beyond capital. Dropbox launched the program to assist founders building new AI experiences, leveraging its journey from a nascent idea to a globally utilized service.
Dropbox Ventures targets innovative startups whose offerings enhance productivity and collaboration for professionals seeking advanced work solutions. Its vision is to accelerate AI-driven solutions that redefine how work is accomplished. By nurturing these promising companies, it fosters an ecosystem where groundbreaking AI technologies integrate seamlessly into the future of work.
Dropbox Ventures has raised $1.4B in total across 5 funding rounds.
Dropbox Ventures's investors include Bank of America, Deutsche Bank, Goldman Sachs, J.P. Morgan, Macquarie, Royal Bank of Canada, BlackRock, Sequoia Capital, Accel.
