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XG Ventures
XG Ventures is a venture capital firm founded by former Google employees. The firm advises and invests in early-stage companies in the consumer internet...
XG Ventures
XG Ventures is a venture capital firm founded by former Google employees. The firm advises and invests in early-stage companies in the consumer internet sector, including mobile, video, gaming, social media, and online media. XG Ventures has made 110 investments and has 25 portfolio exits, with Science Exchange exiting on September 30, 2024.
General information
Firm type
Venture Capital
Year founded
2009
Location
Region
North America
Country
United States
City
Menlo Park
Corporate office
Menlo Park, CA, United States
Principals
Andrea Zurek
Founding Partner
Gregory Galanos
Founding Partner
Sector focus
Frequently asked questions
Who runs investment decisions at XG Ventures?
Investment decisions are made by founding partners Andrea Zurek and Gregory Galanos. Zurek led the firm's earliest activities after leaving Google, where she was a foundational ad-sales executive. Galanos, a senior engineering director and former head of Google Japan, brings deep product and international operating experience. The partnership operates with a flat structure typical of focused seed-stage firms.
How does XG Ventures source its deal flow?
The firm sources almost exclusively through the Google alumni network. Zurek and Galanos were inside Google during its formative scaling years and have spent over a decade funding founders who left the company. This means most investments come through direct referrals from former colleagues, giving the firm an information advantage during diligence.
Does XG Ventures operate as a fund or an angel syndicate?
XG Ventures functions as an institutionalized angel partnership rather than a traditional closed-fundstructure. The firm makes direct equity investments from the partners' capital and does not publicly raise LP funds. This gives them flexibility on check sizes, holding periods, and follow-on decisions that a formal fund might constrain.
At what stage does XG Ventures typically invest?
The firm targets seed-stage companies, often providing the first or second institutional check. They have backed startups at the pre-traction concept stage when the founding team had Google pedigree. Occasionally they participate in subsequent rounds, but their primary posture is earliest-stage capital deployment.
Which sectors does XG Ventures focus on?
The firm concentrates on enterprise software, consumer internet, and applied AI. Their enterprise bets often draw on Galanos's engineering background, while Zurek's ad-sales experience informs consumer-platform investments. They have not signaled a meaningful focus on hard-tech, life sciences, or deep-tech outside of applied AI.
Does XG Ventures lead rounds or follow other venture firms?
XG Ventures typically co-invests alongside other seed-stage firms and angel networks rather than leading rounds. Their value proposition is less about pricing power and more about operator-intelligence — founders take their capital because the partners have navigated the same Google-to-startup path themselves.
What is XG Ventures' relationship to Google's corporate venture arm?
XG Ventures is wholly independent of Google and Alphabet. While the partners' operational history and network are rooted in Google, the firm has no formal capital, governance, or co-investment relationship with Google Ventures (GV) or CapitalG. The firm's Google-alumni identity is a sourcing and expertise advantage, not a structural tie.
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