Investors / United States / Mithril Capital
Mithril Capital
Venture capital · Austin, TX, United States · North America
Mithril Capital is a family of long-term venture capital funds founded in 2012 by Ajay Royan with Peter Thiel. It invests and partners with teams using technology to build valuable and lasting businesses, often in industries long overdue for change.
Invests inAI & Machine LearningHealthcare & Biotech
In its own wordstechnologyfusionroboticshealthcaresemiconductorsfintech
Your fit with Mithril Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsMithril Capital lists 14 checked portfolio companies on its own site and is named in 1 funding round. Its most frequent entry is Growth, 100% of the companies with a known first round. Its largest themes are AI & Machine Learning (21%), Healthcare & Biotech (17%) and Fintech (13%). 78% of its companies are based in United States. It invests most often alongside Founders Fund, Lux Capital and Western Technology Investment.
Counts come from funding rounds that name Mithril Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Mithril Capital's whole history. Rounds on record name 1 company; its own site lists 14. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundMithril Capital does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 0% |
| Series A | 0% |
| Series B | 0% |
| Growth | 100% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 1 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 36th | 14 companies |
| Recent activity | 59th | 1 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 70th | 7% of companies confirmed by a round |
| Sector focus | 19th | 21% in its largest sector |
| Reach | 58th | 3 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 21% | 18% |
| Healthcare & Biotech | 17% | 15% |
| Fintech | 13% | 12% |
| Industrial & Manufacturing | 13% | 7% |
| E-commerce & Marketplaces | 13% | 6% |
| Education | 8% | 7% |
| Space & Defense | 8% | 3% |
| Enterprise Software | 4% | 8% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Founders Fund | 2 |
| Lux Capital | 2 |
| Western Technology Investment | 2 |
| 137 Ventures | 1 |
| 1616 Ventures | 1 |
| 3L Capital | 1 |
| 8VC | 1 |
| A-Star Partners | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers1393%
- No longer answers00%
- Points to another company17%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Mithril Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Mithril Capital| Date | Company | Stage |
|---|---|---|
| 4 Jun 2026 | Series C+ |
Round details for Mithril Capital
Amounts, full round histories and every co-investor in Mithril Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
14 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Adimab discovers and engineers therapeutic antibodies and proteins for biopharma companies | Healthcare & Biotech | Portfolio page | ||
| AppDirect provides subscription commerce solutions for digital transformation | Space & DefenseE-commerce & Marketplaces | Portfolio page | ||
| Auris provides wealth management services to various clients, including institutional and private clients. | Fintech | Portfolio page | ||
| BlackSky provides space-based intelligence via real-time low orbit satellite imagery | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
FintechHealthcare & Biotech | Portfolio page | |||
| Fractyl Health pursues therapies that target root causes of obesity and type 2 diabetes | Healthcare & Biotech | Portfolio page | ||
| Glance provides an intelligent shopping agent that offers personalized shopping recommendations | E-commerce & MarketplacesAI & Machine Learning | Portfolio page | ||
| GreyOrange provides warehouse fulfillment solutions and technology for various industries | Industrial & ManufacturingE-commerce & Marketplaces | Portfolio page | ||
| Helion is building the world's first fusion power plant | EducationIndustrial & Manufacturing | Jun 2026Series C+ | Page + round | |
| Neocis provides a robotic system to assist clinicians with dental implant surgery | Healthcare & Biotech | Portfolio page | ||
| Nuvia provides a platform for managing customer conversations across various channels, including WhatsApp, email, and voice calls, using artificial intelligence and human teams together. | AI & Machine LearningSpace & Defense | Portfolio page | ||
| Palantir develops and provides software platforms to help organizations implement solutions to complex problems. | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Paxos provides regulated blockchain infrastructure for enterprises to trade, custody and issue digital assets | FintechCrypto & Web3 | Portfolio page | ||
| Stem helps asset owners, operators and stakeholders benefit from the full value of their energy portfolio by enabling the intelligent development, deployment, and operation of clean energy assets. | EducationIndustrial & Manufacturing | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- mithril.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 4 Jun 2026
- Companies checked
- 14
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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