DBL Partners

DBL Partners

DBL Partners is a San Francisco-based venture capital firm that focuses on impact investing. Its name is an abbreviation of Double Bottom Line. DBL Partners was founded in 2015 when DBL Investors combined with the clean tech practice of Technology Partners.

History

In 2004, J.P. Morgan & Co created a venture fund (the $75M Bay Area Equity Fund I) led by Nancy Pfund which made a number of impact investments including in Tesla Motors in 2006. The fund spun out of JP Morgan in 2008. In 2008, Pfund and Cynthia Ringo partnered and raised Fund II (the $150.8M DBL Equity Fund – BAEF II). In 2015 DBL partnered with Ira Ehrenpreis who led the clean tech practice of Technology Partners to found DBL Partners and successfully raise a $400m impact fund.

People

DBL’s Managing Partners are Nancy Pfund, Ira Ehrenpreis and Cynthia Ringo.

Investments

DBL has invested in a range of companies primarily with a focus on four sectors:

  • Clean tech
  • Health care
  • Information technology
  • Sustainable products & services sectors

DBL has invested in all three companies in which Elon Musk is substantially involved: Tesla Motors, SpaceX and SolarCity something Pfund has said is "not for the faint of heart”.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Bellwether Coffee

A company offering an ecologically friendly commercial coffee roaster. It was founded in 2013 and is located in Berkeley, California.

Software
Berkeley, California
Planet Labs

Planet Labs is a satellite imaging company, headquartered in San Francisco, CA, which offers monitoring with daily updates. It was founded in 2010.

Artificial intelligence (AI)
San Francisco
Wheels Labs

A company offering a shared electric scooter mobility platform.

Electric vehicle
Los Angeles
Farmers Business Network

Farmers Business Network is a startup in San Carlos, CA utilizing data to provide enterprise solutions for farmers.

Agriculture
Davenport, Iowa
Primus Power

Primus Power is an Hayward, California-based zinc bromine flow battery manufacturer.

Battery
Marlow, Buckinghamshire
BrightSource Energy

Company

Solar power
Oakland, California
Solexant

Solexant is a San Jose, California-based biotechnology company.

Biotechnology
San Jose, California
Andela

Andela is a cloud computing company creating distributed software engineering teams in Africa.

Engineering
New York City
Zola Electric

Zola Electric is an Amsterdam-based renewable energy company.

Solar power
Amsterdam
Advanced Microgrid Solutions

Advanced Microgrid Solutions is a San Francisco-based company founded in 2013 by Jackalyne Pfannenstiel.

Energy storage
San Francisco
Siva Power

American solar power company

Manufacturing
San Jose, California
Mapbox

American geospatial technology company that produces tools for map designers and application developers

Washington, D.C.
BrainScope

BrainScope is a Bethesda, Maryland-based company.

Bethesda, Maryland
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
DBL Partners TIAB 2018, L.P.
125,000,000
San Francisco
December 10, 2018
DBL Partners III, L.P.
300,000,000
San Francisco
December 10, 2014
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Reuters Editorial
October 15, 2019
U.S.
Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets.
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