Mithril Capital Management

Mithril Capital Management

A venture capital and private equity firm focused on technology companies.

Mithril Capital Management is a venture capital and private equity firm focused on technology companies that is headquartered in Austin, Texas and was founded in 2012 by Ajay Gopal Royan and Peter Thiel. Notable investments made by Mithril Capital Management include: Palantir, C2FO, Adimab, Auris, AppDirect, Auris, and Fractyl Labs.

Investment funds

Venture fund I

On April 1, 2016 Mithril Capital Management completed raising their first venture capital fund with $600 million in funding. The fund will be invested over the course of 12 years.

Venture fund II

On January 19, 2017 Mithril Capital Management completed raising capital for their second venture fund with $850 million in capital. The raised $850 million includes the management fees of Mithril Capital Management. The biggest investor of Mithril Capital Management's second venture fund was the co-founder of Mithril Capital Management, Peter Theil.

Since raising their second venture fund, Mithril Capital Management has been criticized for charging too much for management fees and taking too long to make investments with the capital they are holding in their second venture fund. The criticism lead to the firm discussing its business with the FBI and the Securities and Exchange Commission. The co-founder of Mithril Capital Management, Ajay Gopal, says he will not change the investment strategy of the firm based on criticisms surrounding the management fees or the time it takes to invest its money:

When you build a firm, you're building a firm to make good choices over a long period of time. Every investment that we've made in the last year, for example, the new ones were years of work.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Spaceflight Industries

Satellite launch, mission management services, and satellite imagery company.

Auris Health (formerly Auris Surgical Robots) is a robotic medical company. Auris develops flexible robotics that allow for less invasive entry into the body through its natural openings. It is located in Redwood City, California and was founded in 2007.

Lookout is a cybersecurity company using predictive machine intelligence to analyze data to predict and stop mobile attacks to an individual or an enterprise.

C2FO is a Kansas City, Missouri-based company founded by Sandy Kemper.

SilverRail Technologies is a London-based company.

Adagio Therapeutics is a Waltham, Massachusetts-based biotechnology company involved in the research and development of therapeutic pharmaceuticals.

10 Results
Page 1 of 1
Results per page:
Powered by Golden Research Engine

Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Mithril LP
1,000,000,000
402,000,000
June 18, 2012
600,000,000
April 1, 2016
2 Results
Page 1 of 1
Results per page:
Powered by Golden Research Engine

People

Name
Role
LinkedIn

Ajay Gopal Royan

Founder & Managing General Partner

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.