Venture Capital · Profile from Venture Capital Research Companion
DCVC (Data Collective Venture Capital)
The Bay Area "deep tech" specialist founded by Matt Ocko and Zachary Bogue on the thesis that computation, data and engineering could transform trillion-dollar physical industries such as space, biology, energy, agriculture, transport and defence. Its record mixes durable winners with a heavy share of SPAC-era disappointments.
At a glance
- Founded
- 2011 (first fund ~2012), San Francisco Bay Area, as Data Collective; rebranded DCVC in the later 2010s (verify date)
- Founders
- Matt Ocko and Zachary Bogue
- Headquarters
- Palo Alto and San Francisco, California
- Ownership / structure
- Private partnership; flagship early-stage funds (DCVC I–VI+), opportunity funds, DCVC Bio (since 2018) and DCVC Climate (first fund 2024)
- Leadership (2026)
- Co-founders and managing partners Matt Ocko and Zachary Bogue; DCVC Bio managing partners Kiersten Stead and John Hamer; partners reported to include Ali Tamaseb, James Hardiman, Rachel Slaybaugh and others (verify current roster)
- AUM / capital raised
- Several billion dollars under management, reported at ~$4–5bn (verify); ~$1bn+ of fresh capital announced July 2023 and ~$700m+ for DCVC Bio III and DCVC Climate announced September 2024
- Stage focus
- Seed to Series B in deep tech, with selective growth-stage leads; DCVC Bio: early-stage biotech and ag-bio; DCVC Climate: commercialisation-stage climate technology
- Signature investments
- Planet, Recursion (Series B lead), Fervo Energy (Series C lead), Agility Robotics (Series B co-lead), Twelve, Capella Space, Pivot Bio (reported), Confluent (reported); failures: Zymergen, Embark Trucks, several 2021 SPAC listings
9 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2012
Planet
Seed / Series A
2015
Zymergen
Series A
2017
Embark Trucks
Series A
2018
Atomwise
Series A
2018
Capella Space
Series B
2018
Recursion
Series B
2021
Twelve
Series A
2022
Agility Robotics
Series B
2022
Fervo Energy
Series C