Exclusive: Two decades in, DFJ Growth raises $1.2 billion for its fifth fund and doubles down on the long game

Quick Summary:

DFJ Growth—backers of Coinbase, Twitter, and Ring—raised $1.2 billion for its fifth fund, Fortune can exclusively report.

What was a curiosity became a tectonic shift, and Schuler and Glein are still working together 20 years later as cofounders and managing partners at DFJ Growth.

Their thesis was this: To fill the gap between early-stage VC and the public markets, raise a “growth” fund that helps companies stay private longer and mature before going public.

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Article Details

Author / Journalist: Allie Garfinkle

Category: EconomyBusiness

Markets: United States

Topics: A.I. Private equity Term Sheet Startups Venture Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 11:17:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1163 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 233 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28674802

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