Mithril Capital Management
Venture capitalAustin · Series B–Late Stage · 3 people tracked
Also known as MITHRIL CAPITAL MANAGEMENT LLC
Investment thesis
Mithril takes a long-term approach to venture investing and is agnostic to both sector and geography. It backs and partners with teams that leverage technology to build valuable, lasting businesses, with particular interest in industries that are long overdue for change.
Source: firm website, verified Aug 7, 2026.
Team · 3 people
from the firm's website & public directories
What they invest in
from 9 of 28 portfolio companiesBiotech ×3SaaS ×3Cleantech ×2Deep Tech ×2E-commerce ×2Energy ×2Fintech ×2Healthtech ×2
HQs:United States×10Australia×1
Investments · 28 tracked
founders shown can be your intro pathBiotechWaltham, US
Lynn Connolly(Executive Officer)Eric Kimble(Executive Officer)Halley Gilbert(Executive Officer)Terrance McGuire(Director)Rebecca Dabora(Executive Officer)Rene Russo(Director)
Board seatAjay Royan· per SEC Form D · $335.5M raise · filed Apr 2021
Fractyl develops therapies for obesity and type 2 diabetes, focusing on non-drug-based approaches rooted in understanding metabolic disease mechanisms.
BiotechHealthtechMedical DevicesLexington, US
ALLAN WILL(Director)STANLEY LAPIDUS(Director)NIMESH SHAH(Director)CHRISTOPHER GABRIELI(Director)HARITH RAJAGOPALAN(Executive Officer, Director)JAY CAPLAN(Executive Officer, Director)
Board seatAjay Royan· per SEC Form D
Ankyr develops a localized immunotherapy platform that anchors immune-modulating drugs at tumor sites using aluminum hydroxide, designed to improve efficacy and reduce systemic side effects in cancer treatment.
BiotechDeep TechHealthtechMedical DevicesAustin, US
Terrance McGuire(Director)Tillman Gerngross(Executive Officer, Director)
Board seatAjay Royan· per SEC Form D · $45M raise · filed Sep 2021
San Carlos, US
Bijan Salehizadeh(Director)Aja Royan(Director)Peter Hebert(Director)Frederic Moll(Executive Officer, Director)David Styka(Executive Officer)
Board seatAjay Royan· per SEC Form D · $220M raise · filed Nov 2018
Roswell, US
Karthik Reddy(Director)Vartul Jain(Executive Officer)Binny Bansal(Director)Alexandre Carvalhal(Executive Officer)Samay Kohli(Executive Officer, Director, Promoter)Akash Gupta(Director, Promoter)
Board seatAjay Royan· per SEC Form D · $138.3M raise · filed Nov 2023
Miami, US
Alon Mozes(Executive Officer, Director)
Board seatAjay Royan· per SEC Form D
Santa Clara, US
Board seatAjay Royan· per SEC Form D · $238.7M raise · filed Oct 2020
Kansas City, US
Board seatAjay Royan· per SEC Form D · filed Apr 2025
Nicolas Desmarais(Cofounder)Daniel Saks(Cofounder)
Classy, acquired by GoFundMe, provides fundraising software for nonprofits that combines donation management tools with the GoFundMe platform to help organizations reach donors and increase charitable giving.
FintechSaaS<UNKNOWN>, US
Patrick Walsh(Director, Promoter)Howard Deshong(Director)Adam Garone(Director)Scot Chisholm(Executive Officer, Director, Promoter)Paul Leggett(Director)
Helion develops fusion energy systems designed to generate clean electricity for commercial use.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyHardwareSeattle, US
David Kirtley(Founder/CEO)inChris Pihl(Founder/CTO)inJohn Slough(Executive Officer, Director)George VotroubekinAjay Royan(Director)
BoardSam Altman(Director)
Paxos is a digital asset infrastructure company that issues stablecoins backed by fiat currency and commodities, and provides crypto-as-a-service capabilities including brokerage, custody, and payments infrastructure.
Crypto & Web3Fintech
WonderPlugin is a web design software product developed by Magic Hills, a privately owned Australian software development company.
Developer ToolsE-commerceSaaSSydney, AU
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Mithril Capital Management invest at?
- Mithril Capital Management invests at the Series B, Series C, Late Stage stages.
- What sectors does Mithril Capital Management focus on?
- Mithril Capital Management focuses on Sector Agnostic.
- Where is Mithril Capital Management located?
- Mithril Capital Management is headquartered in Austin, US.
- Does Mithril Capital Management lead rounds?
- Mithril Capital Management typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamPeter Thiel's investment playbook is available to anyone for free. His firm Founders Fund published - YouTube
harbingerhq · Peter Thiel
Peter Thiel's Founders Fund backs AI tech for ranchers
Peter Thiel · finance.yahoo.com
Big Deals | The Founders Fund, de Peter Thiel, avalia a Enter em R$2B | #138 - YouTube
Investidoresvc · Peter Thiel
The Untold Story of Peter Thiel and Founders Fund (ft. Mario Gabriele) - YouTube
Not Boring Radio · Peter Thiel
Peter Thiel's Founders Fund leads a 2nd round into Icon - YouTube
Icon · Peter Thiel · youtube.com
Varda's Landing, Peter Thiel, & the Future of El Segundo, Delian Asparouhov, Founders Fund - YouTube
Sourcery · Peter Thiel
Co-investors · 36
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Google Ventures is a venture capital investor that backs innovative founders across multiple industries, focusing on long-term partnerships and providing value across multiple funding stages and company milestones.
Founders Fund is a venture capital firm that invests in technology companies across sectors, backing companies such as Anduril and Palantir.
Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
Alumni Ventures (AV) is a venture firm that gives accredited individual investors access to professionally managed, diversified venture portfolios by co-investing alongside leading lead VC firms. It offers annual funds, syndicate deal-by-deal investing, and various investor clubs.
Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.
Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.
Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.
RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.
Fundersclub is an online platform that connects founders with a global network of investors and provides support for startup fundraising and growth, leveraging software and networks to facilitate capital access.
▶24 more co-investors
Oak HC/FTLux CapitalInovia CapitalBullpen CapitalPolaris PartnersDN CapitalDCM VenturesHanabi CapitalEclipse VenturesQualcomm VenturesRA CapitalSutter Hill VenturesBlume VenturesFontinalis PartnersHambro PerksDVx VenturesSonder CapitalRunway Growth CapitalDeclaration PartnersBorealis VenturesCincyTechYamaha Motor VenturesIntuitive VenturesRobin Hood Ventures
Firms observed investing alongside Mithril Capital Management, from public investor directories.
Similar investors
3TS Capital Partners is a European technology-focused venture growth investment adviser whose funds provide expansion and buyout capital to high-growth SMEs in technology, media, communications and technology-enabled services across the DACH, CEE and Nordic regions.
500 Global (formerly 500 Startups) is a venture capital firm that invests in startups worldwide and runs programs for founders and investors.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.
8VC is a technology investment firm that builds and invests in ambitious companies across sectors including life sciences, healthcare, manufacturing, enterprise, logistics, and defense.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.