Greenoaks Seeks $2.25B to Invest in Generation-Defining Firms - InforCapital

Greenoaks Capital, a leading growth-stage venture firm, is preparing to raise its largest fund to date—Fund VI—with a target size of $2.25 billion. The move follows a windfall from its investment in cybersecurity company Wiz, recently acquired by Alphabet in one of the year’s most notable tech exits.

Founded in 2012 by Neil Mehta and Benjamin Peretz, Greenoaks has built a reputation for backing transformative, long-term technology bets. The firm has supported high-profile companies such as Coupang, Stripe, Discord, Robinhood, and Databricks.

The successful outcome with Wiz has fueled Greenoaks' confidence to pursue what will be its largest raise yet. Previous funds from the firm were significantly smaller, signaling a substantial leap in ambition with Fund VI.

Greenoaks distinguishes itself by maintaining a concentrated investment strategy. Rather than spreading capital thinly across dozens of companies, the firm carefully selects a small number of ventures it believes can define their sectors. The focus is on “generation-defining” companies, according to internal communications shared with prospective investors.

Its model emphasizes long-term partnerships with visionary founders and operating teams, investing at growth stages with significant follow-on capital reserved. Fund VI will continue this strategy, with limited partners reportedly including large institutions, endowments, and family offices with experience in venture capital.

The Wiz acquisition underscores Greenoaks’ ability to identify outsized winners. The Israeli cloud security startup, which had raised over $900 million at a valuation north of $10 billion, represents a marquee win for the firm and a testament to its selective approach.

With the planned $2.25 billion fund, Greenoaks intends to double down on the core principle that has fueled its success: backing bold entrepreneurs building enduring businesses.