Mithril Capital Management
Overview
Mithril Capital Management is a venture capital investment firm that invests and partners with teams who use technology to build valuable and lasting businesses, often in industries long overdue for change. The firm is agnostic to sector and geography and was founded in 2012 by Ajay Royan with Peter Thiel.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Helion Energy | Jun 2026 | Series G | Co-investor |
| Figure Technology Solutions | May 2018 | Series A | Co-investor |
| Skydio | Jan 2015 | Seed | Co-investor |
| Paxos | Apr 2021 | Series D | Co-investor |
| Glance | Dec 2020 | Series B | Co-investor |
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Key People
Lenny Raymond
Senior Principal
Santiago Iturbe
Principal
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Mithril Capital Management based?
Mithril Capital Management is headquartered in Austin, Texas, United States.
When was Mithril Capital Management founded?
Mithril Capital Management was founded in 2012.
How many portfolio companies does Mithril Capital Management have?
Mithril Capital Management has 24 portfolio companies in Caplight's dataset.
What are some companies in Mithril Capital Management's portfolio?
Portfolio companies visible on Caplight include Helion Energy, Figure Technology Solutions, Skydio, Paxos, Glance.
What was Mithril Capital Management's most recent investment shown here?
Mithril Capital Management's most recent investment in this portfolio sample was in Helion Energy in 2026.
What sectors does Mithril Capital Management focus on?
Mithril Capital Management focuses on Healthcare & Life Sciences, FinTech, Healthcare & Life Sciences, Energy & Sustainability, Telecommunications & Networking, FinTech, FinTech, Healthcare & Life Sciences, Mobility, Transportation & Logistics, Media, Entertainment & Gaming, Frontier & Industrial Tech, Enterprise Software, FinTech, Healthcare & Life Sciences, FinTech, Cybersecurity, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Consumer & Commerce, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, FinTech, Crypto & Web3, Enterprise Software, Enterprise Software, Enterprise Software, FinTech, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Crypto & Web3, Enterprise Software, Consumer & Commerce, Crypto & Web3, AI, Data & Cloud Infrastructure, Enterprise Software, Consumer & Commerce, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Real Estate & PropTech, Consumer & Commerce, Frontier & Industrial Tech, Frontier & Industrial Tech.
What company stages does Mithril Capital Management focus on?
Mithril Capital Management typically invests at the MultiStage stage.
What is Mithril Capital Management's AUM?
Mithril Capital Management's assets under management are estimated between $250.0M and $500.0M.