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DNX Venture Partners IV
DNX Venture Partners IV was founded in 2014 by J William Uhrig, Eric Xu, and Grace Gao to operate as a dual-platform venture firm with offices in Palo...
DNX Venture Partners IV
DNX Venture Partners IV was founded in 2014 by J William Uhrig, Eric Xu, and Grace Gao to operate as a dual-platform venture firm with offices in Palo Alto and Shanghai. The firm emerged from the founders' experience building and investing in technology companies on both sides of the Pacific, positioning itself to back entrepreneurs who straddle the US and Asian markets. The firm invests across seed, Series A, and Series B stages, with occasional participation in Series C rounds, targeting enterprise software, artificial intelligence, fintech, digital health, and industrial technology. DNX typically leads or co-leads rounds, taking board seats, and has built a portfolio spanning sectors including AI/ML platform companies like 4Paradigm, enterprise SaaS businesses, and digital health startups. The geographic strategy focuses on companies with a US-China nexus, though the firm has also backed teams operating primarily in North America or Asia alone. DNX Venture Partners manages its fourth institutional fund without disclosing total AUM. The firm employs fewer than 20 professionals across both offices. In 2024, the firm continued to make new investments and support existing portfolio companies, consistent with its typical deployment cadence (per public record). The partnership structure mirrors that of earlier DNX funds, with the same core investment committee. The firm's structural differentiator is its intentional cross-border thesis applied at the earliest institutional stage — an approach that requires partners with operating experience in both Silicon Valley and China, a combination rare among traditional US venture firms or China-only funds. This dual-market fluency shapes sourcing, due diligence, and portfolio support for companies that may expand globally from inception.
General information
Firm type
Venture Capital Firm
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Palo Alto
Corporate office
Palo Alto, CA, United States
Additional offices
Shanghai, China
Principals
J William Uhrig
Managing Director
Eric Xu
Managing Director
Grace Gao
Managing Director
Sector focus
Frequently asked questions
Who makes investment decisions at DNX Venture Partners IV?
Managing Directors J William Uhrig, Eric Xu, and Grace Gao comprise the investment committee that makes decisions for DNX Venture Partners IV. The three co-founders have worked together since the firm's inception in 2014 and personally source, evaluate, and lead the firm's investments.
What is the investment focus of DNX Venture Partners IV?
The firm invests primarily in enterprise software, artificial intelligence, fintech, digital health, and industrial technology. DNX targets seed through Series C rounds, typically leading or co-leading and taking board seats. All portfolio companies operate in sectors that benefit from the US-China cross-border perspective the firm's partners bring.
How does DNX source its deal flow?
DNX sources investments through the partners' network of entrepreneurs, venture capitalists, and corporate executives across Silicon Valley and China. The firm's physical presence in both Palo Alto and Shanghai enables it to identify companies building products or business models that can succeed in both markets.
Does DNX invest as a fund or only through direct deals?
DNX Venture Partners IV operates as an institutional venture capital fund, making direct equity investments from the fund. The firm can also facilitate introductions and co-investment opportunities for limited partners who want additional exposure to specific portfolio companies.
What investment stages does DNX target?
DNX targets seed stage through Series C rounds. The firm writes initial checks at Series A and Series B most often, but will participate earlier or later if the opportunity aligns with the cross-border thesis and the partners can add strategic value.
Which sectors does DNX explicitly avoid?
DNX does not invest in pure crypto or blockchain projects, consumer social media platforms, or companies without a credible path to cross-border relevance between the US and Asia. The firm also avoids heavily regulated industries such as pharmaceuticals and gambling.
How is DNX Venture Partners IV related to earlier DNX funds?
DNX Venture Partners IV is the fourth fund managed by the same general partnership that raised DNX Venture Partners I, II, and III. The investment strategy, team, and fee structure are consistent across the fund series, though each fund has its own distinct investor base and legal structure.
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