G Squared portfolio

G Squared has 21 portfolio companies on record at Recent Funding, with 5 investments in the last 12 months.

Website: gsquared.com.

Type: Growth equity.

Portfolio on Recent Funding: 21.

Deals, last 12 months: 5.

Rounds led: 6 of 18.

Capital in their rounds: $4.38B.

Latest deal: Mercor · Nov 10, 2026.

About this page

It is a growth equity firm based in Chicago, US, founded in 2011. It led 6 of the 18 rounds it joined. Its most recent investment on record is Mercor's $750M Series B+ round in November 2026, alongside Glade Brook Capital, Nvidia, Sapphire Ventures and 6 others. By category, its portfolio leans toward Fintech (7) and AI agents (5). It has co-invested with DST Global, StepStone Group and Andreessen Horowitz, most often DST Global (3 rounds).

About G Squared

Firm type: Growth equity.

Headquarters: Chicago, US.

Founded: 2011.

Stages: Series A, Series B, Series C, Growth, Late Stage.

Sectors: Crypto & Web3, Sector Agnostic.

Leads rounds: Yes.

Portfolio companies: 197.

Exits: 24.

Rounds led: 5.

What G Squared invests in

Fintech · 7 · 33%
AI agents · 5 · 24%
Cybersecurity · 5 · 24%
Developer tools and cloud · 4 · 19%
Sales and marketing · 4 · 19%
Commerce and retail · 4 · 19%
Consumer and social · 3 · 14%
Stablecoins · 2 · 10%

G Squared recent investments

Company	Round	Date	Alongside
MMercor	Series B+ · $750M	Nov 10, 2026	Glade Brook Capital, Nvidia, Sapphire Ventures +6
PPoseidon Aerospace	Series A	Sep 8, 2026	Starship Ventures, Hanwha, JAWS +2
TTrue Anomaly	Series B+	Apr 28, 2026	645 Ventures, The Private Shares Fund, Meritech Capital +10
PPolymarket	Series B+ · $1B	Apr 20, 2026	D. E. Shaw, SV Angel, Dragonfly Capital +1
RReplit	Series B+ · $400M	Mar 11, 2026	Tether, Craft Ventures, Coatue +9
AAnvilogic	Series B+ · $45M	May 10, 2024	Outpost Ventures, Foundation Capital, Myriad Venture Partners +5
TTruework	Series B+ · $50M · lead	Aug 9, 2022	Khosla Ventures, Transform VC, Karman Ventures +6
AAnvilogic	Series B+ · $25M	Jul 1, 2022	Outpost Ventures (lead), Foundation Capital, Xerox Venture Capital +2

How G Squared invests

Stage	Deals	Capital in rounds
Series B+	17 94%	$4.38B
Series A	1 6%	undisclosed

Year	Deals	Capital in rounds
2021	6 33%	$1.35B
2022	6 33%	$835M
2024	1 6%	$45M
2026	5 28%	$2.15B

G Squared portfolio companies

MMercor$750MSeries B+ · Nov 2026
PPoseidon AerospaceSeries A · Sep 2026
TTrue AnomalySeries B+ · Apr 2026
PPolymarket$1BSeries B+ · Apr 2026
RReplit$400MSeries B+ · Mar 2026
AAnvilogic$45MSeries B+ · May 2024
TTruework$50MSeries B+ · Aug 2022
SSpotOn$300MSeries B+ · May 2022
CChoco$110MSeries B+ · Apr 2022
LLinkSquares$100MSeries B+ · Apr 2022
FForto$250MSeries B+ · Mar 2022
JJOKR$260MSeries B+ · Dec 2021
TTipalti$270MSeries B+ · Dec 2021
UUpgrade$280MSeries B+ · Nov 2021
PPandaDoc$100MSeries B+ · Sep 2021
AAirwallex$200MSeries B+ · Sep 2021
NNourishbacker
CChili Piperbacker
OOnyx Securitybacker
FFabfitfunbacker
SSynackbacker

Company	Round with G Squared	Total raised	Latest raise
MMercor AI agents	Nov 10, 2026 Series B+ · $750M	$1.24B	Nov 10, 2026 Series B+
PPoseidon Aerospace Robotics and hardware	Sep 8, 2026 Series A	$13M	Sep 8, 2026 Series A
TTrue Anomaly Defense and security	Apr 28, 2026 Series B+	$377M	Apr 28, 2026 Series B+
PPolymarket Prediction markets	Apr 20, 2026 Series B+ · $1B	$2.28B	Aug 31, 2026 Series B+
RReplit AI agents	Mar 11, 2026 Series B+ · $400M	$871.9M	Mar 11, 2026 Series B+
AAnvilogic Cybersecurity	May 10, 2024 Series B+ · $45M	$84M	May 10, 2024 Series B+
TTruework AI coding and devtools	Aug 9, 2022 Series B+ · $50M · lead	$92M	Aug 9, 2022 Series B+
SSpotOn Stablecoins	May 18, 2022 Series B+ · $300M	$875M	May 18, 2022 Series B+
CChoco Sales and marketing	Apr 1, 2022 Series B+ · $110M · lead	$273.5M	Apr 1, 2022 Series B+
LLinkSquares AI agents	Apr 1, 2022 Series B+ · $100M · lead	$162.16M	Jun 10, 2025 Series B+
FForto Logistics and mobility	Mar 7, 2022 Series B+ · $250M	$563M	Mar 7, 2022 Series B+
JJOKR Commerce and retail	Dec 2, 2021 Series B+ · $260M · lead	$480M	Sep 20, 2023 Series B+
TTipalti Fintech	Dec 1, 2021 Series B+ · $270M · lead	$739M	Sep 24, 2025 round
UUpgrade Lending and credit	Nov 16, 2021 Series B+ · $280M	$650M	Oct 20, 2025 Series B+
PPandaDoc Sales and marketing	Sep 22, 2021 Series B+ · $100M · lead	$145.66M	Sep 22, 2021 Series B+
AAirwallex Stablecoins	Sep 20, 2021 Series B+ · $200M	$1.85B	Jun 25, 2026 Series B+
NNourish Insurance	backer · source	$100M	May 19, 2026 Series B+
CChili Piper AI agents	backer · source	undisclosed	—
OOnyx Security AI agents	backer	$113M	Jul 29, 2026 Series B+
FFabfitfun Commerce and retail	backer	undisclosed	—
SSynack Cybersecurity	backer	$108M	Apr 13, 2025 Seed

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Fintech).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 18 rounds on Recent Funding that name G Squared. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists G Squared, which is a subset of its real portfolio. API: /api/v1/investors/g-squared (get a free API key). More: the most active VC firms and new venture capital funds.