Greenoaks Capital was founded in 2012 in San Francisco by Neil Mehta and Benny Peretz, both former D.E. Shaw investors who focused on technology and special-situations investing across Asia. The firm is named after the street Mehta grew up on in Atherton, California, and today runs a lean operation — roughly nine investment professionals managing around 55 core portfolio companies, with offices in London and Mumbai alongside San Francisco. It is a registered investment adviser with the SEC and manages approximately $15 billion across six funds.

The firm's stated mission is to find and back "generation-defining technology companies with exceptional long-term growth potential" — businesses Mehta believes will become future S&P 500 constituents. Its core principle is "JDCE", or jaw-dropping customer experience, and the strategy is extreme concentration: about 15 companies per fund, initial cheques of $25–75 million, roughly 50% of each fund reserved for follow-ons, and positions held through multiple rounds and into public markets rather than sold at IPO. It focuses on mid-stage venture to early-growth opportunities across enterprise software, fintech, e-commerce, cybersecurity, AI and developer tools.

  • Coupang — the defining bet: ~40% of the first $50 million fund invested from 2014, returning ~$8 billion through and after the 2021 IPO
  • Rippling — a $500 million term sheet signed within 12 hours during the 2023 SVB crisis
  • Stripe, Robinhood, Toast, Databricks, Canva, Brex and Checkout.com — fintech and software leaders
  • Discord, Vercel, Airtable, Scale AI, Flipkart, Carvana and Navan — consumer, dev tools and marketplaces
  • Wiz (acquired by Google for $32 billion), Cyera, Sierra and Anthropic — the AI and cybersecurity frontier

The numbers reflect the discipline: over its first 13 years the firm generated more than $13 billion in gross profits at a 33% net IRR, Fund V closed at approximately $2.1 billion in 2023, and Fund VI closed at $2.5 billion in 2025, exceeding its $2.25 billion target. Greenoaks is also unusually willing to buy during crises — accumulating Carvana through the pandemic collapse and growing public-market positions in Coupang, Carvana and others via its 13F portfolio. Coupang founder Bom Kim has described Mehta as combining "incredible IQ" with "incredible EQ", plus rare conviction and courage.

Why it matters for founders

Greenoaks is built for founders playing the long game: concentrated bets, patient capital and genuine holding power through IPO and beyond. If you are building a business with a genuinely exceptional customer experience and global category-leader potential, this is the kind of partner that will double down in your hardest moments — as Rippling discovered in 12 hours flat.