About CoreNest
CoreNest is a venture capital firm founded in 2023. It is primarily based out of Dubai, United Arab Emirates. As of Sep 2025, CoreNest has invested in 38 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Seed round of Nilo Overall, CoreNest portfolio has seen 3 unicorns, 1 IPO and 1 acquisition including key companies like SpaceX, xAI and Neuralink. A lot of funds co-invest with CoreNest, with names like Qatar Investment Authority sharing a substantial percentage of its portfolio. CoreNest has team of 2 people including 1 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
CoreNest's List of Top Investments
CoreNest has a portfolio of 38 companies, including 3 unicorns. Their most notable investments are in Phonely and Texture Capital.Their portfolio spans across United States, Estonia, France and 3 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 21 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by CoreNest:
1. OpenAI
Artificial intelligence research and development platform offering advanced language models. It enables businesses and individuals to build and integrate AI capabilities into their applications and services. It is a technology company specializing in the development of artificial intelligence models, including the popular ChatGPT, which enables users to interact with AI-powered conversational interfaces. The company's research focuses on achieving artificial general intelligence, a system that can solve complex human-level problems, while prioritizing safety and benefits. It provides its AI models through an API platform, enabling developers to integrate AI capabilities into their applications.
Key facts about OpenAI
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $180B
- Employee Count: 11,056 as on Aug 31, 2026
- Investors: Glynn Capital, K2 Global and 97 Others
- Latest Funding Round: Series F, Apr 22, 2026, $*****
- Highlight: Editors' Pick
2. SpaceX
Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 20,775 as on Aug 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 275 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public
3. xAI
Platform providing AI-powered assistant for image generation and trend analysis. It is an artificial intelligence (AI) company focused on advancing scientific discovery and fostering a deeper understanding of the universe through its AI model, Grok. Grok is a powerful AI assistant designed to provide truthful, useful, and curious insights by leveraging real-time search, image generation, and trend analysis capabilities. Through its developer API, xAI enables seamless integration of Grok's intelligence into various projects and applications.
Key facts about xAI
- Founded Year: 2023
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $45B
- Employee Count: 6,549 as on Aug 31, 2026
- Investors: Fidelity Investments, Glade Brook Capital and 66 Others
- Latest Funding Round: Series E, Jan 06, 2026, $*****
- Highlight: Acquired
4. Neuralink
Provider of implantable brain-computer interfaces. It offers flagship product the N1 Implant the Link which is a coin-sized device designed to decode neural signals and enable users to control digital devices using only their thoughts. It also has an experimental device called Blindsight to restore vision in individuals with optic nerve damage by directly stimulating the visual cortex.
Key facts about Neuralink
- Founded Year: 2016
- Location: Fremont (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.29B
- Employee Count: 704 as on Aug 31, 2026
- Investors: Glade Brook Capital, Newton Capital and 38 Others
- Latest Funding Round: Series E, May 08, 2026, $*****
- Highlight: Editors' Pick
Provider of a steerable robotic foundation model that delivers precise manipulation through efficient online reinforcement learning. The platform is designed to generalize across a range of tasks, enabling scalable automation solutions for industrial and manufacturing environments.
Key facts about Physical Intelligence
- Founded Year: 2024
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $1.07B
- Employee Count: 361 as on Sep 30, 2026
- Investors: T. Rowe Price, CapitalG and 20 Others
- Latest Funding Round: Series B, Nov 21, 2025, $*****
- Highlight: Editors' Pick
CoreNest's Year-on-Year Investment Trends
In 2025, it made 16 investments. Its most recent first time investment was in Nilo.CoreNest's Investments by Stage
CoreNest has made 23 investments in Seed stage with an average round size of $3.9M, 2 investments in Series A stage and 2 investments in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 23 |
Series A | 2 |
Series B | 2 |
Series C | 1 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
CoreNest's Investments by Sector
CoreNest has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Consumer, FinTech and Artificial Intelligence - Industry Applications. Notably, it has invested in 37 Tech companies, 29 Enterprise (B2B) companies, 24 Software companies and at least 10 companies focusing on AI-Native.Sector | No. of Investments |
|---|---|
High Tech | 18 |
Enterprise Applications | 16 |
Consumer | 6 |
FinTech | 6 |
Artificial Intelligence - Industry Applications | 4 |
Others | 34 |
Note: We have considered here, only first round of investments
CoreNest's Investments by Geography
CoreNest has made most investments in United States (29), followed by Switzerland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 29 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
CoreNest's recent investments
CoreNest has not made any investment in 2026 so far.Here are the most recent investments by CoreNest:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 26, 2025 | United States | Seed | 2814 | [+14] | |
Jul 07, 2025 | United States | Series A | 8110 | - | |
Jul 07, 2025 | United States | Series A | 5249 | - | |
Jul 07, 2025 | United States | Seed | 8124 | - | |
Jul 07, 2025 | United States | Series B | 6560 | - |
Unicorns in CoreNest's Portfolio
CoreNest has 3 unicorns in its portfolio - Physical Intelligence, SSI and Neuralink. The most recent unicorn in their portfolio is Physical Intelligence. It became a unicorn in 2024, 1 years before CoreNest first invested in it.Here is a list of unicorns in CoreNest's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of a steerable robotic foundation model that delivers precise manipulation through efficient online reinforcement learning | 2024 | San Francisco | Series B | surgrbk | ||
63 | Platform offering security solutions for AI models | 2024 | Palo Alto | Series A | vmvvwwi | ||
66 | Provider of implantable brain-computer interfaces | 2016 | Fremont | Series E | mddwefe |
IPOs and Publicly Listed companies in CoreNest's Portfolio
1 of CoreNest's portfolio company became public - SpaceX. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996BHere are CoreNest's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | Jan 21, 2025 | Series J | 5549 |
Acquired companies in CoreNest's Portfolio
1 company from CoreNest's portfolio has been acquired. The most recent acquisition was xAI in Feb 2026 by SpaceX for $*****.Here are CoreNest's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2026 | Nov 20, 2024 | Series C | 1232 |
Team profile of CoreNest
CoreNest has a team of 2 members located in United Arab Emirates. CoreNest's team does not sit on the board of any company as of now.Co-investors of CoreNest
Over the past 2 years, 196 investors have co-invested in CoreNest's portfolio companies. This includes funds and angels.
- Invested before CoreNest: Y Combinator, Sequoia Capital and 108 others have invested in rounds before CoreNest. There are 16 companies where Y Combinator has invested before CoreNest and 4 companies where Sequoia Capital has invested before CoreNest.
- Top Co-investors of CoreNest: 37 investors entered a company along with CoreNest. These include investors like Qatar Investment Authority (1 company).
- Invested after CoreNest: A total of 49 investors have invested in CoreNest's portfolio after their investments. Top Investors include Cisco Investments (2 companies), Coatue (1 company) and Dragoneer Investment Group (1 company).
Recent News related to CoreNest
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Asesuisa becomes a Founding Partner of CoreNest Accelerator in El SalvadorGlobeNewswire•Jan 22, 2026•CoreNest, ASESUISA
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Nilo Technologies closes a $4M round led by Supercell, Kfund and others participateWebcapitalriesgo•Sep 26, 2025•CoreNest, Earthling VC, Next Tier Ventures, Script Capital and 6 others
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CoreNest Launches Global Accelerator in El Salvador with $25M Tokenized VC FundGlobeNewswire•Sep 05, 2025•CoreNest
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CoreNest Capital Invests in 10 Frontier Companies Like Safe Superintelligence (SSI) & NeuralinkGlobeNewswire•Jul 07, 2025•CoreNest, SSI, Neuralink, Coverstar and 5 others
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