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The Venture Codex

Capital Group

333 S. Hope Street, 53rd Floor, Los Angeles, CA, 90071, United States

Overview

Capital Group is a private equity firm that provides investment management services for long-term investors. It also offers its services to financial intermediaries and institutions around the world through a broad range of products and solutions which include American Funds. With offices throughout Asia, Australia, Europe, and North America, Capital Group is headquartered in San Francisco, California. It was established in 1931.

Total investments
9
Lead investments
2
Investments · 12mo
3
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • SambaNova Systems

    Participated · Series F · Jul 2026

    Founded in 2017 and based in Palo Alto, SambaNova designs and sells AI systems such as the SN40L and the next-generation SN50 for high-performance inference and model serving. The SN40L launched in September 2023 and became available on-premises in November 2023; the SN50 was unveiled in February 2026 and is due to begin shipping to customers in the second half of 2026 with SoftBank as its first deployment partner. SambaNova positions itself as a provider of “premium inference,” claiming the ability to fit multi-trillion-parameter models onto a single rack to run them quickly. The company has commercial wins including JPMorgan Chase, Saudi Aramco, Intel, and other Japanese firms. It has a multi-year partnership with Intel that includes co-developing products and go-to-market efforts, and it says current funding will help scale operations and secure its supply chain to meet strong demand.

  • Anthropic

    Led · Series H · May 2026

    Anthropic is a premier artificial intelligence safety and research company renowned for developing Claude, a family of highly capable, steerable, and safe large language models. Founded by former OpenAI researchers, Anthropic pioneers techniques like "Constitutional AI" to build systems that are helpful, honest, and harmless. Beyond its core research, the company has rapidly scaled into a dominant market force, experiencing exponential revenue growth driven by widespread enterprise adoption. Anthropic has attracted unprecedented investor attention, recently raising approximately $30 billion at a $380 billion valuation, with ongoing negotiations potentially boosting its valuation to roughly $800 billion. As a leading competitor in the generative AI space, the company is reportedly exploring an IPO later this year.

  • Lenskart

    Participated · Equity · Oct 2025

    Lenskart operates as a multi-category eyewear retailer, offering prescription eyeglasses, sunglasses and contact lenses under its own brand. The company caters to customers looking for affordable and stylish vision-care products. In preparation for its public listing, Lenskart has set an IPO price band of ₹382–₹402 per share. Ahead of the IPO, it has already secured significant capital through an anchor allocation, reflecting institutional confidence in the business. While detailed revenue or user metrics were not disclosed, the sizable anchor book suggests robust market interest and expectations for continued growth. The upcoming IPO will provide additional capital for expansion and operational initiatives once the public issue is completed.

  • GitLab

    Participated · Series E · Sep 2019

    GitLab, founded in 2014, offers a DevOps platform to help move applications through the programming lifecycle. The company confirmed it oversaw a $195 million secondary sale that values GitLab at $6 billion, up from a $2.75 billion valuation after its 2019 Series E. The secondary transaction bought employee stock options, allowing workers to cash in some equity prior to an eventual IPO. GitLab has raised over $434 million to date and CEO Sid Sijbrandij attributed the valuation increase to added platform functionality and progress toward a complete DevOps offering. Leadership says the company has ample runway from the 2019 raise and continues to view an IPO as a future path, though it is not committing to a timetable. The company operates as a fully remote organization and emphasizes transparency, publishing company philosophy and OKRs publicly. GitLab provides a code collaboration and DevOps platform derived from an open-source project, helping developers manage and distribute code. The company emphasizes transparency, publishing a public strategy page and a target IPO date of November 18, 2020. Its community remains active, contributing about 200 improvements to the open-source product each month—double the rate from a year earlier. GitLab says it intends to remain independent and has planned for an IPO or a direct listing next year, preserving optionality. Financially, the company has raised multiple rounds, including a $100 million Series D last September, and has hauled in more than $426 million to date. GitLab was founded in 2014 and participated in Y Combinator in 2015. GitLab is a San Francisco, CA–based single application for the entire DevOps lifecycle, enabling Product, Development, QA, Security, and Operations teams to work concurrently on the same project. Led by CEO Sid Sijbrandij, the platform provides a single data store, one user interface, and one permission model across the DevOps lifecycle to centralize collaboration. Built on open source, GitLab leverages community contributions from thousands of developers and millions of users to continuously add DevOps innovations. More than 100,000 organizations, including Ticketmaster, Jaguar Land Rover, NASDAQ, Dish Network and Comcast, use the application. The company says it will use new funding to continue developing the platform and to expand its business reach. Financially, GitLab received a $20m investment from Goldman Sachs’ Principal Strategic Investments group as part of its Series D financing. GitLab offers a full-lifecycle DevOps platform, expanding beyond source code hosting into nine product categories from planning to monitoring. The company positions itself against tools like VersionOne, Jira, Jenkins, Artifactory, Puppet, New Relic and BlackDuck while often seen as a GitHub alternative. GitLab follows an open-core model and emphasizes community co-creation of features while investing internally to finish contributions, improve performance, and unify the user interface. With the new funding, the company plans to invest most proceeds in engineering to build out existing products and launch new features such as tracing and log aggregation. CEO Sid Sijbrandij has signaled a plan to remain independent and pursue an IPO, citing transparency benefits of being public. The company tied its timing in part to Microsoft’s acquisition of GitHub, which helped accelerate its fundraising and IPO plans. GitLab is a single application built to support the entire DevOps lifecycle for product, development, QA, security, and operations teams. Built on open source, the platform provides a single data store, one user interface, and one permission model while allowing integrations with tools such as Jira and Jenkins. Its collaborative approach lets cross-functional teams work concurrently on the same project and increases visibility across workflows. GitLab is used by more than 100,000 organizations, including Ticketmaster, ING, NASDAQ, Alibaba, Sony, and Intel. The company says its single-application approach reduces cycle time and helps teams focus on building software faster. GitLab plans to partner with customers and investors to support large application teams and drive broader DevOps adoption for improved digital experiences.

  • Acorns

    Participated · Series D · Jul 2017

    Acorns is a savings-and-investing app that automatically builds portfolios and offers products spanning investing, debt management, retirement, and a children-focused product called Acorns Early. The company plans to roll out customized portfolios, optional limited crypto exposure (no more than 5%) and expanded family-specific offerings in 2022. Acorns says it will not offer crypto trading on the platform; crypto will be an uncorrelated allocation option within diversified portfolios. Management intends to use the new funding to pursue acquisitions, fund growth and innovation, and scale product development. Financially, Acorns reports more than 4.6 million paid subscribers and said it exceeded its public forecast for 2021; its SPAC deck projected $126 million in revenue for 2021. The deck also showed revenue rising from $44 million in 2019 to $71 million in 2020, gross margin improving from 71% to 78%, and expected 2021 operating income and cash flow to worsen (operating income to -$85M; operating cash flow to -$70M). Acorns operates a financial-wellness program designed to encourage Americans to save and invest, including family-focused offerings such as Acorns Early. The company announced a strategic investment from Dwayne 'The Rock' Johnson and Dany Garcia, co-founders of Seven Bucks Companies; the size of the investment was not disclosed. As part of the partnership Acorns said it will run several programs to encourage families to start early and invest. One promotion tied to the partnership will invest $7 in each Acorns Early account opened by qualifying families. The article does not disclose operating metrics, revenue, or prior funding rounds. Acorns is based in Irvine. Acorns offers a micro‑investing app that rounds up debit and credit purchases and invests the spare change into index funds. Its core products include automated spare‑change investing, an automated retirement account called Acorns Later, and Acorns Spend (a checking account and debit card). The company has about 4.5 million users and manages over $1.2 billion in assets. Acorns Later has over 350,000 users who have invested roughly $40 million through the product. CEO Noah Kerner said the company will partner with CNBC to produce original content targeted at less financially savvy audiences. As part of that partnership NBCUniversal became the largest shareholder and will take a board seat. Acorns operates a mobile savings and investment service that rounds up purchases to the nearest dollar and invests the difference in exchange-traded funds it manages. The company has grown to more than 2 million investment accounts, with 600,000 opened in 2017, and is on track to execute 1 billion trades in 2017 through its proprietary broker-dealer. More than 50 percent of customers use the recurring investment feature, which the company views as a path to higher balances. Acorns charges $1 per month for accounts with balances under $5,000 and 0.25% per year for accounts over $5,000. With new capital the company is exploring potential acquisitions and focusing on personalization and responsible-spending features. Acorns is also expanding its team with senior hires including Gahl Berkooz as chief data officer, Jike Chong, and former BlackRock CIO Chris Jones. Acorns automates small-dollar investing by rounding up users' purchases and investing the remainder into diversified portfolios of stocks and bonds. Users sync credit or debit cards with the app for automatic, recurring contributions. The product targets millennials, with about 75% of users aged 18–34, and the company reports 850,000 investment accounts. Fees are $1 per month for accounts under $5,000 and 0.25% per year for larger accounts. Incoming CEO Noah Kerner emphasizes micro‑investing as a way for young people to grow accounts through many small sources. The company, based in Irvine, California, was started by father-and-son founders Walter and Jeff Cruttenden; Jeff says the firm’s portfolios have outperformed the S&P on a risk-adjusted basis and calls Acorns “the fastest growing investment app ever.”

Team

  • Marketa Dvorak

    Managing Director, Global Financial Institutions, APAC

    LinkedIn
  • Bobby Esnard

    Economist

    LinkedIn
  • CP Singh

    Vice President and Senior Data Product and Solutions Manager

    LinkedIn
  • Shaw Wagener

    Partner

    LinkedIn