WndrCo
WndrCo partners with founders as operators to build and scale breakthrough technology companies.
WndrCo is a multi-stage investment firm and holding company founded by seasoned executives from Dropbox and DreamWorks that combines venture capital with hands-on operational involvement. Unlike traditional VCs, WndrCo partners take formal operating roles—serving as interim CEOs, CFOs, and Chief Product Officers—within portfolio companies across the future of work, consumer technology, cybersecurity, and developer infrastructure. The firm operates three integrated strategies: Build (acquiring controlling stakes in underappreciated tech companies), Venture (leading post-product-market-fit rounds), and Seed (early-stage checks averaging $500K). With $2.8B in assets under management as of December 2025, WndrCo has invested in notable companies including Airtable, Figma, Databricks, Deel, 1Password, Aura, and Pango.
Problem solved
Founders lack access to experienced operators who can serve as interim executives, strategically open doors, and provide both capital and deep operational expertise to scale companies beyond product-market-fit.
Target customer
Founders and entrepreneurs at pre-seed through Series B+ stages building in future of work, consumer tech, cybersecurity, and developer infrastructure; companies seeking hands-on operational partnership alongside capital.
Founders
S
Sujay Jaswa
Founding Partner
Former CFO and VP of Business at Dropbox (grew company from $18M to $10B valuation); Principal at NEA investing in Workday, Cloudflare, and Playdom; prior roles at Cisco and McKinsey.
J
Jeffrey Katzenberg
Founding Partner
Former CEO of DreamWorks Animation (grew to world's largest animation studio, sold to Comcast for $3.8B in 2016); Former Chairman of The Walt Disney Studios, transforming studio from last to first at box office.
A
Ann Daly
Co-Founder & Managing Partner
Former President and COO of DreamWorks Animation responsible for business strategy, creative, production, technology, and operating business units.
Funding history
Fund I
$591.5M
June 2017
Led by Unknown
· Unknown
Seed & Venture Funds
$460M
June 2024
Led by Unknown
· Unknown
Total raised:
$2.8B AUM
Industries
Pricing
Not publicly available. As a VC and holding company, WndrCo does not have consumer pricing. Seed fund average check size: $500K with ~15 deals per year. Build strategy involves acquiring controlling stakes; Venture strategy targets post-PMF companies.
Notable customers
Airtable, Figma, Databricks, Deel, 1Password, Aura, Pango, Super Unlimited, Robinhood, Quince, EvenUp, MoonPay, Dapper Labs, Writer, Alembic, Netomi
Tech stack
jQuery (JavaScript libraries)
core-js (JavaScript libraries)
Webpack
Open Graph
Koala (Analytics)
Google Analytics (Analytics)
Google Font API (Font scripts)
Google Workspace (Email)
Google Hosted Libraries (CDN)
Webflow (Page builders)
Amazon Web Services (PaaS)
Sendgrid (Email)
Amazon SES (Email)
Website
Competitors
Andreessen Horowitz (a16z)
Larger scale ($30B+ AUM) with more passive investment model; less hands-on operational involvement in portfolio companies.
Sequoia Capital
Traditional venture model focused on capital deployment; does not provide interim operating roles like WndrCo's Build strategy.
Khosla Ventures
Emphasis on science and deep tech; less focused on multi-stage integration and operational partnership across Build, Venture, and Seed.
Bessemer Venture Partners
Larger fund ($12B+ AUM) with broader B2B focus; less emphasis on founder-operator partnership and controlling stake acquisitions.
Why this matters: WndrCo represents a distinctive evolution in venture capital, moving beyond passive investment to active operational partnership. Founded by legendary operators (Dropbox CFO and DreamWorks CEO), the firm's integrated Build-Venture-Seed model and hands-on executive involvement create a differentiated value proposition in an increasingly crowded VC landscape, with $2.8B AUM and a portfolio of category-defining companies.
Best for: Founders seeking capital combined with hands-on operational expertise, interim executive leadership, and strategic door-opening from experienced operators who have scaled category-defining companies.
Use cases
Post-PMF scaling with interim leadership
A Series A SaaS company with strong product-market fit needs experienced operational leadership to scale go-to-market and build infrastructure. WndrCo partners take formal operating roles (e.g., interim VP of Sales or CFO) while providing capital and board seats, accelerating scaling without requiring full-time executive hires.
Underappreciated tech company turnaround
WndrCo's Build strategy acquires controlling stakes in promising but undervalued tech companies, then deploys experienced operators from the investment team to restructure, reposition, and scale the business. Examples include Aura and Pango, which were transformed into category leaders.
Seed-stage capital with strategic network access
Early-stage founders in cybersecurity, developer infrastructure, or future-of-work receive $500K seed checks alongside introductions to Fortune 500 enterprise partners. WndrCo's network—built from Dropbox, DreamWorks, and portfolio companies—opens doors typical seed investors cannot.
Alternatives
Andreessen Horowitz
Larger, more hands-off investment model; better for founders seeking capital without deep operational involvement from investors.
Sequoia Capital
Traditional venture capital with strong brand and network; less integrated Build strategy and operational partnership model.
Founders Fund
Focused on long-term value creation with less emphasis on multi-stage integration and interim executive deployment.
FAQ
What does WndrCo do? +
WndrCo is a multi-stage investment firm that combines venture capital with hands-on operational involvement. Unlike traditional VCs, WndrCo partners serve as interim CEOs, CFOs, and Chief Product Officers in portfolio companies. The firm operates three strategies: Build (acquiring controlling stakes to operate companies), Venture (leading post-PMF rounds), and Seed (early-stage checks averaging $500K).
How much does WndrCo cost? +
WndrCo does not have public pricing as it is a venture capital and holding company, not a consumer product. Seed-stage companies can expect to receive average checks of $500K. Build strategy involves acquiring controlling stakes; terms vary by company.
Who founded WndrCo? +
WndrCo was founded in 2016 by Sujay Jaswa (former CFO of Dropbox and Principal at NEA) and Jeffrey Katzenberg (former CEO of DreamWorks Animation). Ann Daly, former President and COO of DreamWorks, is Co-Founder and Managing Partner.
What companies has WndrCo invested in? +
Notable portfolio companies include Airtable, Figma, Databricks, Deel, 1Password, Aura, Pango, Super Unlimited, Robinhood, Quince, EvenUp, MoonPay, Dapper Labs, Writer, Alembic, and Netomi.
How does WndrCo differ from other VCs? +
WndrCo uniquely combines capital with hands-on operational involvement, with partners taking formal roles as interim executives within portfolio companies. This differentiates it from traditional venture firms that remain passive. WndrCo's Build strategy also acquires controlling stakes in underappreciated companies to operate and scale them, which is distinct from traditional VC models.
What industries and stages does WndrCo focus on? +
WndrCo invests across future of work, consumer technology, cybersecurity, and developer infrastructure at seed, venture, and build stages. The firm has $2.8B in assets under management as of December 2025 and makes approximately 15 seed deals per year.
Tags
venture capital
holding company
multi-stage investing
operational partnership
interim executives
future of work
developer infrastructure
cybersecurity
startup scaling
founder support