Sunny Dhillon & 9 Background Venture

Sunny Dhillon: A Background

Sunny Dhillon is a serial entrepreneur and investor with over 20 years of experience in the technology industry. He has founded and sold several successful companies, including SendGrid, which was acquired by Twilio for $3 billion in 2019. Dhillon is also a major investor in several other startups, including Plaid, Carta, and Ramp.

Dhillon's entrepreneurial journey began in the early 2000s, when he founded SendGrid, a cloud-based email delivery service. SendGrid quickly became one of the most popular email delivery services in the world, and Dhillon sold the company to Twilio in 2019 for $3 billion.

Since selling SendGrid, Dhillon has focused on investing in early-stage startups. He has invested in over 50 companies, including Plaid, Carta, and Ramp. Dhillon is also a board member of several companies, including Carta and Ramp.

Background Ventures: A Overview

Background Ventures is a venture capital firm founded by Sunny Dhillon in 2020. The firm invests in early-stage startups in the technology industry. Background Ventures has invested in over 20 companies, including Ada, Ramp, and Superhuman.

Background Ventures is a unique venture capital firm in that it focuses on investing in founders from underrepresented backgrounds. Dhillon believes that founders from underrepresented backgrounds are often overlooked by traditional venture capital firms, and that they have the potential to build successful companies.

Background Ventures: A Investment Thesis

Background Ventures invests in early-stage startups in the technology industry. The firm is particularly interested in companies that are solving big problems and that have the potential to have a major impact on the world.

Background Ventures typically invests between $500,000 and $2 million in seed-stage companies and between $2 million and $10 million in Series A companies. The firm is also willing to invest in larger rounds, depending on the opportunity.

Background Ventures: A Portfolio

Background Ventures has invested in over 20 companies, including Ada, Ramp, and Superhuman. Here is a brief overview of some of the firm's most notable investments:

• Ada is a healthcare company that uses artificial intelligence to help doctors diagnose and treat patients. Ada has raised over $100 million in funding from investors including Background Ventures, Khosla Ventures, and First Round Capital.
• Ramp is a financial technology company that provides businesses with corporate cards and expense management software. Ramp has raised over $100 million in funding from investors including Background Ventures, Stripe, and Thrive Capital.
• Superhuman is an email client that uses artificial intelligence to help users be more productive. Superhuman has raised over $30 million in funding from investors including Background Ventures, Sequoia Capital, and Index Ventures.

Conclusion

Background Ventures is a venture capital firm that invests in early-stage startups in the technology industry. The firm is particularly interested in companies that are solving big problems and that have the potential to have a major impact on the world. Background Ventures has invested in over 20 companies, including Ada, Ramp, and Superhuman.