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Dell's Once-Secret Venture Capital Arm Grows After Unicorn IPOs

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Photographer: Brent Lewin/Bloomberg

Dell Technologies Inc.’s venture capital division has boosted its investments and ambitions since emerging from stealth mode a year ago. Now, after a string of high-profile IPOs, the fund promises a rising pace of exits this year.

DocuSign Inc., MongoDB Inc. and Zscaler Inc.’s initial public offerings, which had a combined market value of $11 billion, may have been most noteworthy, but Dell Technologies Capital had an additional eight exits last year. Expect that number to jump, as several companies in its 81-strong portfolio mature.