BAG Ventures is a San Francisco-based venture capital firm backing enterprise AI founders by connecting them with the operators who have scaled similar companies from the inside. Co-founded by former CapitalG partner Jackson Georges Jr. and former Google VP Bonita C. Stewart, the firm grew out of BAG Collective, a community of 450+ tech operators Georges founded in 2021. BAG Ventures pairs capital with hands-on access to a network of enterprise operators, positioning itself as a partner for founders navigating enterprise sales, procurement, and deployment.
BAG Ventures invests in B2B software that helps enterprise AI systems deliver outcomes, trust, and scale with durable economics, investing from pre-seed through seed.
The firm's thesis spans three areas: Scale (AI data infrastructure, next-generation AI compute, and physical and edge AI), Secure (AI-native security and agentic infrastructure and governance), and Deliver (vertical service-as-software companies selling finished outcomes in specific high-value verticals).
The firm invests primarily in United States-based enterprise AI companies.
BAG Ventures closed its debut fund, Fund I, at $11.3M on September 30, 2026, backed by 150 limited partners with direct operating experience. The fund is anchored by Google, alongside backers including Loop Capital, John Rogers, Jeff Dean, and Ken Chenault.
85% of LPs hold senior leadership titles, more than a quarter bring technical and engineering backgrounds from companies including Google, Amazon, NVIDIA, Snowflake, General Motors, and Vanguard, and 37% are women.
Fund I has made ten investments to date and has participated in two SPV co-investments, alongside the wider BAG Collective network of more than 600 operators.
Leadership
Investment Strategy
BAG Ventures underwrites what it calls Strategic Resilience: market adaptability, product defensibility, and commercial viability built to survive the next shift in enterprise AI.
Diligence runs through the firm's technical venture partners, who pressure-test architecture and technical claims before a check is issued.
Check sizes range from $100K to $500K.
Beyond capital, the firm offers portfolio companies network access across go-to-market, product, and talent, along with relationships with top-tier VC firms for future fundraising rounds.
Notable Investments
Notable Exits
managingpartners@bagvc.com
Jackson Georges Jr., Co-Founder and Managing Partner
Bonita C. Stewart, Co-Founder and Managing Partner
bonita@bagvc.com
Jamal Grant, Venture Partner
jamal@bagvc.com
United States
