G2 Venture Partners Research
Investment Thesis
G2 Venture Partners partners with "extraordinary companies utilizing transformative technologies to revolutionize traditional industries," investing at inflection points to help scale companies that "do more with less." The firm's stated mission is to help founders build a more sustainable world by unlocking the full potential of transformative technology inside legacy industries, explicitly aiming to break the historical link between economic growth and environmental impact. G2VP was spun out of Kleiner Perkins Caufield & Byers' cleantech practice, and it carries forward a deep bench of climate and industrial-technology investing experience into standalone-fund form.
Sector Focus
G2VP concentrates on technology that digitizes and decarbonizes traditional, often overlooked industries:
- Clean energy: solar, battery storage, EV charging, heat pumps, thermal batteries
- AI and automation: warehouse robotics, autonomous vehicles, industrial inspection, Kubernetes/AI infrastructure optimization
- Supply chain and logistics digitization: fresh produce, freight, field communications
- Manufacturing and industrial innovation: 3D printing, digital manufacturing, machine vision/inspection
- Broader sustainability and circular economy themes: carbon reduction, waste minimization, biological agriculture
Stage Focus
G2VP's primary entry point is Series A, though it also participates meaningfully at Series B and later growth rounds (Series C and beyond) as a follow-on and co-investor once portfolio companies scale. Multiple third-party fund trackers note that G2VP does not typically lead solo at the earliest stages, instead co-leading or participating alongside other investors, which lines up with the firm's own recent announcements ("G2 Co-Leads Antora's $550M Series C," "G2 Co-Leads Waabi's $1 Billion Series C").
Check Size
Reported check sizes vary by source but converge on a broad range of roughly $5M to $50M per initial investment, with some trackers citing a tighter $15M-$25M average for core Series A/B checks. The firm reserves significant capital for follow-on rounds in winners, consistent with its pattern of re-upping into later, much larger growth rounds for portfolio companies like Antora, Waabi, Lumafield, and Cast.ai.
Lead Tendency
Mixed/co-lead. G2VP frequently co-leads large rounds (Antora's $550M Series C, Waabi's $1B Series C) rather than solely leading, and several fund-tracking sources explicitly note the firm does not typically lead alone.
Recent Activity
G2VP has been actively deploying in 2025-2026, headlined by very large late-stage rounds in its most mature portfolio companies:
- July 2026: Co-led Antora's $550M Series C (thermal battery storage)
- May 2026: Invested in VAST Data's growth round (AI infrastructure/storage)
- January 2026: Co-led Waabi's $1B Series C (autonomous trucking/simulation)
- April 2025: Invested in Cast.ai's $108M Series C (Kubernetes AI optimization)
- April 2025: Portfolio company Fictiv announced it would join MISUMI (exit)
- March 2025: Invested in Lumafield's $75M Series C (industrial CT scanning)
- December 2024: Reported to be raising a $750M third fund (per TechCrunch), following $350M Fund I and $500M Fund II
Total raised across known funds is roughly $1.6B, consistent with third-party estimates placing firm AUM near $1.8B.
Portfolio Highlights
G2VP's public portfolio page lists 28 active or historical portfolio companies spanning climate, robotics, industrial software, and supply chain. Standouts include Luminar (public LiDAR company for autonomous vehicles), Crusoe (clean computing infrastructure using stranded energy), Motive (fleet management platform), Pivot Bio (biological nitrogen fixation for agriculture), and VAST Data (AI infrastructure). Notable exit: Fictiv, a digital manufacturing platform, announced it would join MISUMI in April 2025.
Team
G2VP is a partnership-led firm with a deep bench across investing and operations:
- Ben Kortlang - Partner (co-founder)
- Brook Porter - Partner (co-founder)
- David Mount - Partner (co-founder)
- Daniel Oros - Partner (co-founder)
- Zach Barasz - Partner
- Jake Tauscher - Partner
- Neel Mehta - Partner
- Anne Fazioli-Khiari - Partner & COO
- Rob Johnson - Operating Partner
- Jeannine Sargent - Operating Partner
- Jasper Platz - Principal
- Bennett Brown - Associate
- How Zhi Yong - Analyst
- Nicholas Evgenidze - Analyst
- Julia O'Donnell - Analyst
- Ali Blake - Director of Investor Relations & Platform
Decision Process
The firm describes a "rigorous, research-heavy" investment process and emphasizes curiosity, transparency, and conviction among its partnership. With four founding partners plus additional partners and a broader investment team (principal, associate, analysts), decisions appear to flow through a partnership model rather than a solo-GP or formal investment-committee structure.
Founder Preferences
G2VP looks for technical founders building transformative technology that digitizes or decarbonizes established, traditional industries (energy, manufacturing, logistics, transportation) rather than pure consumer or greenfield software plays. The firm's positioning suggests a preference for founders tackling large, capital-intensive legacy markets with a credible path to significant operational and environmental impact.
Geographic Focus
G2VP is headquartered at 3280 Alpine Rd, Portola Valley, CA, in the San Francisco Bay Area. Fund trackers describe its geographic mandate as USA-focused, consistent with its portfolio composition, though individual portfolio companies (e.g., Luminar, Waabi) operate and sell globally.