Venture team completed 24 investments, 11 exits including three unicorn IPOs worth more than $11 billion
PALO ALTO, Calif., | April. 30, 2018 - Dell Technologies Capital, the venture investment practice for Dell Technologies, announces strong investment momentum one year after coming out of stealth. From May 2017 to April 2018, the investment team completed 24 new and follow-on investments as part of its $100 million average annual investment run rate. Since 2012, Dell Technologies Capital has made 81 investments focused on early-stage startups that span a broad range of technology areas. In the past year, a third of new investments focused on artificial intelligence (AI) and machine learning (ML) and the remaining investments focused on security, next-gen infrastructure and other technology areas strategic to the Dell Technologies family of companies.
The venture team had 11 exits in the past year, of which three of its portfolio companies IPO’d in the past seven months. Dell Technologies Capital was the first institutional investor in Zscaler (NASDAQ: ZS), a leading pioneer in transforming network security for the cloud era; the startup went public in March 2018. Dell Technologies Capital invested in MongoDB (NASDAQ: MDB) which went public in October 2017 and the recently public DocuSign (NASDAQ: DOCU). These IPOs had a collective market valuation exceeding $11 billion, highlighting the team’s ability to identify early investment opportunities and to help build successful startups. The Dell Technologies Capital portfolio includes several startups currently experiencing growth rates of more than 100% and several exceeding $50 million in revenue. A full list of current portfolio companies can be found here: https://www.delltechnologies.com/en-us/capital/ventures/portfolio.htm
“Since coming out of stealth at Dell EMC World last year, we’ve had a very busy, and very successful, year,” said Scott Darling, president of Dell Technologies Capital. “We are delighted with our continued strong performance and the market reception to the Docusign, MongoDB and Zscaler IPOs. The real value we bring to Dell Technologies and our startup portfolio companies is through our joint work, which allows us to deliver best-of-breed solutions for our customers faster, especially in emerging tech areas.”
The Dell Technologies Capital investment team is comprised of experienced industry professionals with a strong mix of both operational and investment expertise, providing not only the insight to identify promising technologies and teams but also the knowledge and skill to help their portfolio companies achieve scale. The team focuses on early-stage investments in several emerging technology areas including but not limited to Internet of Things (IoT), AI, ML, developer-led Infrastructure, next-gen infrastructure, server-less computing and security.
Key portfolio highlights
Dell Technologies Capital’s portfolio companies continue to build leadership in solving the industry’s most complex problems for G2000 enterprise customers:
The Dell-VMware-Pivotal advantage
Through its investments and industry relationships, Dell Technologies Capital provides a valuable link for the Dell Technologies business units:
About Dell Technologies World
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About Dell Technologies Capital
The Dell Technologies Capital investment team is comprised of company builders with the mission of helping founders and their teams develop innovative technology solutions and bring them to market. They are active investors, sustaining an investment pace of approximately $100 million a year. As the global investment practice for the Dell Technologies family of businesses (Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware), Dell Technologies Capital offers deep business and technical expertise and unparalleled go-to-market assistance to our portfolio companies. After operating in stealth for five years, the venture practice emerged publicly in 2017. Headquartered in Palo Alto, Calif., Dell Technologies Capital currently has offices in Boston, Austin and Herzliya, Israel. For more information visit www.delltechnologies.com/capital.
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