Skip to content
    Mithril Capital Management logo

    Mithril Capital Management

    San Francisco, California, United StatesFounded 2012

    Mithril Capital Management focuses on long-term, contrarian investments in late-stage private companies developing disruptive technologies. Their strategy targets firms with significant competitive advantages and the potential to create new markets or dominate existing ones.

    Find people at Mithril Capital Management on Goldilocks AI

    Portfolio

    6

    Fund Size

    $1.1B

    Top Stage

    Series E

    Last 12 Mo

    0

    Team

    AR

    Ajay Royan

    Co-Founder

    Stage Distribution

    Portfolio

    6 investments
    CompanyRoundAmountDate
    HelionSeries F$425MJan 2025
    HelionSeries E$500MNov 2021
    GlanceUnknownSep 2019
    GlanceSeries B$45MSep 2019
    Helion EnergySeries E$500M
    ClassyGrowth$53M

    Top Co-Investors

    Capricorn3 shared
    JMI Equity1 shared
    Salesforce1 shared

    Last updated: 1 March 2026