About Alrai Capital
Alrai Capital is a venture capital firm founded in 2015. It is primarily based out of New York City, United States. As of May 2018, Alrai Capital has invested in 28 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Retail and Consumer. Most recently it participated in the $***** Series A round of Metawave Overall, Alrai Capital portfolio has seen 2 unicorns, 5 IPOs and 9 acquisitions including key companies like Grab, Sweetgreen and Flutterwave. A lot of funds co-invest with Alrai Capital, with names like Greycroft sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Locations
Rounds of Entry
Series A & Series C
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Alrai Capital's List of Top Investments
Alrai Capital has a portfolio of 28 companies, including 2 unicorns. Their most notable investmentis in StarcityTheir portfolio spans across United States, Israel, Nigeria and 1 more locations. They have invested in High Tech, Retail, Consumer and 17 other sectors, across stages such as Series A, Series C stages. Here is the list of top investments by Alrai Capital:1. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 57,733 as on Jul 31, 2026
- Investors: Glean Management, Toyota and 108 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public
2. Sweetgreen
Restaurant chains offer salads and meal bowls. Its other products include chicken items, kid's meals, local food dishes, desserts, and drinks. It also provides customized food platters and supply network services.
Key facts about Sweetgreen
- Founded Year: 2006
- Location: Los Angeles (United States)
- Annual Revenue: $500M - $1B as on Dec 28, 2025
- Stage: Public
- Total Funding till date: $479M
- Employee Count: 2,868 as on Sep 30, 2026
- Investors: equitywestsecurities.com, T. Rowe Price and 43 Others
- Latest Funding Round: Series I, Sep 23, 2019, $*****
- Highlight: Public
3. Flutterwave
Provider of payment solutions for online and physical business transactions. It offers tools for accepting payments, payouts, transfers, and creating online stores. The company provides application programming interfaces for developers to integrate payment functionalities. It also facilitates tuition payments and event ticket purchases.
Key facts about Flutterwave
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $489M
- Employee Count: 886 as on Sep 30, 2026
- Investors: Glynn Capital, Alrai Capital and 73 Others
- Latest Funding Round: Series E, Jul 07, 2026, $*****
- Highlight: Editors' Pick
4. Industrious
Operator of flexible workspaces offering private offices and coworking solutions. The company provides various workspace options suitable for different team sizes and work styles. Meeting rooms are available on demand, equipped with video conferencing and other amenities. Memberships offer access to communal areas and dedicated private offices.
Key facts about Industrious
- Founded Year: 2013
- Location: New York City (United States)
- Annual Revenue: £0 - £1M as on Mar 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $334M
- Employee Count: 1,163 as on Sep 30, 2026
- Investors: Schechter, Alrai Capital and 16 Others
- Latest Funding Round: Series D, May 18, 2022, $*****
- Highlight: Acquired
5. Sonder
App-based platform for booking managed vacation rentals. Their platform allows users to book apartments by providing details including date of travel, number of guests, and destination. It also offers concierge services, toiletries, and kitchen essentials, as well as recommendations for nearby tourist attractions via the platform. Their app is available for iOS and Android devices.
Key facts about Sonder
- Founded Year: 2012
- Location: Thornton (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $680M
- Employee Count: 609 as on Sep 30, 2026
- Investors: Fidelity Investments, HarbourVest Partners and 42 Others
- Latest Funding Round: Post IPO, Apr 14, 2025, $*****
- Highlight: Public
Alrai Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Metawave.Alrai Capital's Investments by Stage
Alrai Capital has made 3 investments in Series A stage with an average round size of $15.2M and 1 investment in Series C stage with an average round size of $80M.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
Alrai Capital's Investments by Sector
Alrai Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Real Estate and Construction Tech, Auto Tech, Consumer and FinTech. Notably, it has invested in 26 Tech companies, 16 Enterprise (B2B) companies, 15 Consumer (B2C) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Real Estate and Construction Tech | 2 |
Auto Tech | 1 |
Consumer | 1 |
FinTech | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Alrai Capital's Investments by Geography
Alrai Capital has made most investments in United States (4), followed by Nigeria where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Nigeria | 1 |
Note: We have considered here, only first round of investments
Alrai Capital's recent investments
Alrai Capital has not made any investment in 2026 so far.Here are the most recent investments by Alrai Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 14, 2018 | United States | Series A | 1072 | [+10] | |
Feb 26, 2018 | United States | Series C | 4546 | [+5] | |
Feb 07, 2018 | United States | Series A | 8180 | [+4] | |
Jul 17, 2017 | United States | Series A | 2137 | [+7] |
Unicorns in Alrai Capital's Portfolio
Alrai Capital has 2 unicorns in its portfolio - Capsule and Flutterwave. The most recent unicorn in their portfolio is Capsule. It became a unicorn in 2021, 5 years before Alrai Capital first invested in it.Here is a list of unicorns in Alrai Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
61 | Provider of an online pharmacy for delivering medicines | 2015 | New York City | Series D | bhqekbm | ||
79 | Provider of payment solutions for online and physical business transactions | 2016 | San Francisco | Series E | jstevwm |
IPOs and Publicly Listed companies in Alrai Capital's Portfolio
5 of Alrai Capital's portfolio companies have become public. Grab got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2021 at marketcap of $40B and Sweetgreen got listed on the New York Stock Exchange (NYSE) at marketcap of $3B.Here are Alrai Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 01, 2021 | - | - | 6070 | |
Nov 18, 2021 | - | - | 1550 | |
Sep 17, 2021 | - | - | 6159 | |
Mar 19, 2021 | - | - | 9540 | |
Apr 24, 2020 | - | - | 4605 |
Acquired companies in Alrai Capital's Portfolio
9 companies from Alrai Capital's portfolio have been acquired. The most recent acquisition was Industrious in Jan 2025 by CBRE for $*****.Here are Alrai Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 14, 2025 | Feb 26, 2018 | Series C | 4237 | |
Oct 16, 2024 | - | - | 5109 | |
Jan 04, 2023 | - | - | 7889 | |
Sep 07, 2022 | - | - | 1797 | |
May 10, 2021 | - | - | 6475 |
Co-investors of Alrai Capital
Over the past 9 years, 62 investors have co-invested in Alrai Capital's portfolio companies. This includes funds and angels.
- Invested before Alrai Capital: Y Combinator, FIS and 5 others have invested in rounds before Alrai Capital. There are 2 companies where Y Combinator has invested before Alrai Capital and 1 company where FIS has invested before Alrai Capital.
- Top Co-investors of Alrai Capital: 27 investors entered a company along with Alrai Capital. These include investors like Greycroft (1 company).
- Invested after Alrai Capital: A total of 28 investors have invested in Alrai Capital's portfolio after their investments. Top Investors include Visa (1 company), Headline (1 company) and Worldpay (1 company).
Recent News related to Alrai Capital
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Infineon Invests in Metawave to Develop Innovative Automotive Radar Technologieseverything RF•Aug 16, 2018•Meta Wave, Hyundai, DENSO, AGC and 9 others
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Metamaterial startup raises funds to improve automotive radareeNews Europe•Jul 29, 2018•Meta Wave, Hyundai, DENSO, AGC and 9 others
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Metawave Raises an Additional $10 Million to Deliver Smart Automotive RadarBusiness Wire•May 15, 2018•Meta Wave, Hyundai, DENSO, AGC and 9 others
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Starcity attracts $16.5mGlobal Corporate Venturing•Mar 16, 2018•Starcity, Lowe, Catalyst Fund, Bullpen Capital and 3 others
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Thyra Global Management Invests in MetawaveGlobeNewswire•Sep 05, 2017•Meta Wave, Thyra Global Management, Khosla Ventures, Motus Ventures and 7 others
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Innovation-village•Jul 31, 2017•Flutterwave, Greycroft, Green Visor Capital, Y Combinator and 6 others
