DNX VENTURES
DNX VENTURES is a Pre-seed, Seed and Series A fund in the US and Japan writing $1M–$5M checks into AI, Climate, Enterprise, Fintech, Security, cloud, deeptech, hardware, retail-tech and frontier-tech.
- Stages
- Pre-seed, Seed, Series A
- Sectors
- AI, Climate, Enterprise, Fintech, Security, cloud, deeptech, hardware, retail-tech, frontier-tech
- Check size
- $1M–$5M
- Invests in
- US-wide, Japan
- Actively investing
- Yes
- Founded
- 2011
- Assets under management
- $750M
- Website
- dnx.vc
Thesis
DNX Ventures is a venture capital firm founded in 2011 that focuses on early-stage B2B startups, with a dual geographic strategy in the United States and Japan. Their investment thesis centers on identifying and supporting B2B companies that can transform industries and solve significant enterprise challenges. They primarily target companies at the Seed and Series A stages, with occasional involvement in Pre-Seed and early revenue companies. While sector-agnostic, they show a strong preference for transformative technologies and innovative solutions across SaaS/Cloud, Enterprise Software, Cybersecurity, Fintech, Deeptech (including AI and hardware), Climate Tech/Sustainability, Retail Tech, and Frontier Tech. DNX Ventures typically acts as a lead investor or co-investor, providing capital ranging from $1 million to $5 million per deal, with a sweet spot around $2.5 million. The firm aims to build category-defining B2B startups and foster long-term industry transformation. As of early 2024, DNX Ventures manages approximately $750 million in assets under management. In March 2024, they closed two new Japan-focused funds totaling $243 million.
Common questions
Does DNX VENTURES invest at the Pre-seed stage?
Yes. DNX VENTURES lists Pre-seed, Seed and Series A among the stages it invests in.
What check size does DNX VENTURES write?
DNX VENTURES writes $1M–$5M checks.
Where does DNX VENTURES invest?
DNX VENTURES invests in the US and Japan.