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.
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.
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.
AppDirect is a company providing an end-to-end cloud commerce platform for businesses.
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.
Adagio Therapeutics is a Waltham, Massachusetts-based biotechnology company involved in the research and development of therapeutic pharmaceuticals.