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Fidelity Investments' venture capital arm, primarily through its Fidelity Venture Capital Fund I launched in 2024, focuses on making direct minority investments in mid-to-late stage technology companies across sectors such as AI, aerospace, telecom, and enterprise software. This dedicated fund builds upon Fidelity's extensive history of investing in high-growth private companies.
Average disclosed round size is $756.2M (across 113 rounds with reported amounts).
Portfolio
119
Fund Size
$250M
Top Stage
Growth
Last 12 Mo
8
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
119 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Frore Systems | Series D | $143M | Mar 2026 |
 World Labs | Growth | $1B | Feb 2026 |
| RRunway AI Inc. | Growth | $315M | Feb 2026 |
 Kraken | Growth | $1B | Jan 2026 |
 Databricks | Growth | $4B | Dec 2025 |
 Glide Identity | Series A | $20M | Oct 2025 |
 Cerebras Systems | Series G | $1.1B | Sep 2025 |
 OpenAI | Growth | $8.3B | Aug 2025 |
 xAI | Series C | $6B | Dec 2024 |
 Oura | Series D | $200M | Dec 2024 |
 Crusoe | Series D | $600M | Dec 2024 |
 Waymo | Series C | $5.6B | Nov 2024 |
| OpenAI | Growth | $6.6B | Oct 2024 |
| RRamify | Series A | $11M | Jun 2024 |
| xAI | Series B | $6B | May 2024 |
| GGo Digit | Series D | $141M | May 2024 |
 CoreWeave | Growth | $1.1B | May 2024 |
 SiMa.ai | Series B | $70M | Apr 2024 |
 Spiber | Series C | $65M | Apr 2024 |
 Smart | Series E | $47.1M | Mar 2024 |
 Greenly | Series B | $52M | Mar 2024 |
 VAST Data | Series E | $118M | Dec 2023 |
 Tenstorrent | Series D | $100M | Aug 2023 |
 Sylvera | Series B | $57M | Jul 2023 |
| 773 Strings | Series A | $10M | Jul 2023 |
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Top Co-Investors
Andreessen Horowitz20 shared
Tiger Global Management19 shared
Sequoia Capital15 shared
Baillie Gifford15 shared
T. Rowe Price14 shared
BlackRock11 shared
Valor Equity Partners9 shared
Coatue Management8 shared
Wellington Management8 shared
GV (Google Ventures)8 shared
Temasek Holdings8 shared
Altimeter Capital7 shared
Founders Fund7 shared
Goldman Sachs7 shared
Qatar Investment Authority7 shared
Nvidia7 shared
General Catalyst7 shared
Thrive Capital7 shared
TPG6 shared
Last updated: 10 April 2026