About MGX
MGX is a venture capital firm founded in 2024. It is primarily based out of Abu Dhabi, United Arab Emirates. As of Aug 2026, MGX is an active investor, having invested in 8 companies, with 4 new investments in the last 12 months. It primarily invests in Series E round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Series L round of Databricks Overall, MGX portfolio has seen 1 unicorn and 2 acquisitions, namely Binance, xAI and Khazna. A lot of funds co-invest with MGX, with names like Temasek sharing a substantial percentage of its portfolio. MGX has team of 55 people including 26 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 5 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
MGX's List of Top Investments
MGX has a portfolio of 8 companies, one of which is a Unicorn. Their most notable investments are in Databricks and Databricks.Their portfolio spans across United States, United Arab Emirates, Pakistan and 1 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 5 other sectors, across stages such as Seed, Series B and 5 more. Here is the list of top investments by MGX:
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 96 Others
- Latest Funding Round: Series F, Apr 22, 2026, $*****
- Highlight: Editors' Pick
2. Databricks
Developer of unified data and artificial intelligence software platform solutions. This platform provides tools for data engineering, warehousing, and application development. It integrates database capabilities with analytics and governance features to support machine learning and generative artificial intelligence workflows. The system enables users to process streaming data, build production-ready agents, and perform conversational analytics using natural language. It utilizes an open architecture to facilitate data sharing and management across various operational and analytical environments.
Key facts about Databricks
- Founded Year: 2013
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Valuation: $*****
- Stage: Series J
- Total Funding till date: $25.2B
- Employee Count: 5,679 as on Dec 31, 2025
- Investors: equitywestsecurities.com, Founders Circle Capital and 122 Others
- Latest Funding Round: Series L, Aug 12, 2026, $*****
- Highlight: Editors' Pick
3. Anthropic
Provider of AI safety and research company. It is an AI research and safety company offering AI models and chatbots. Its chatbot can be used for multiple industries including customer support, legal support, coaching, searching data, back-office automation, and sales.
Key facts about Anthropic
- Founded Year: 2021
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on May 15, 2026
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $132B
- Employee Count: 5,994 as on Aug 31, 2026
- Investors: T. Rowe Price, Goldman Sachs and 126 Others
- Latest Funding Round: Series H, Apr 21, 2026, $*****
- Highlight: Editors' Pick
4. Binance
Online exchange platform for cryptocurrency. It allows users to buy, sell, and trade digital assets through multi-lingual solutions. It offers APIs, web-based, and app-based devices to access trading platforms for investing in cryptocurrencies. It also, features news articles, blogs, and discussion forums to assist new users. It enables users to track crypto live prices, explore new cryptocurrencies, and discover top gaining cryptos or top losing cryptocurrencies directly on the platform.
Key facts about Binance
- Founded Year: 2017
- Location: Abu Dhabi (United Arab Emirates)
- Stage: Series C
- Total Funding till date: $2.02B
- Employee Count: 14,673 as on Aug 31, 2026
- Investors: Fiparin, Janse Capital and 43 Others
- Latest Funding Round: Series C, Mar 12, 2025, $*****
- Highlight: Editors' Pick
5. 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
MGX's Year-on-Year Investment Trends
In 2025, it made 4 investments, while as of Aug 2026, it has made 7 investments in this year. Its most recent first time investment was in Isomorphic Labs and most recent follow-on round was in Databricks.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 3 | 7 |
2025 | 1 | 3 | 4 |
2024 | 2 | 0 | 2 |
MGX's Investments by Stage
MGX is primarily an Late Stage Investor investor majorly investing in Seed (1) rounds where average round size is $970K, Series B (1) rounds where average round size is $2.1B and Series C (1) rounds where average round size is $2B.Stage of entry | No. of Investments |
|---|---|
Seed | 1 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Series E | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
MGX's Investments by Sector
MGX has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Blockchain - Industry Applications, Blockchain Technology and FinTech. Notably, it has invested in 7 Tech companies, 6 Enterprise (B2B) companies, 4 AI-Native companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 5 |
Enterprise Applications | 4 |
Blockchain - Industry Applications | 2 |
Blockchain Technology | 2 |
FinTech | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
MGX's Investments by Geography
MGX has made most investments in United States (4), followed by Pakistan where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Pakistan | 1 |
United Arab Emirates | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
MGX's recent investments
MGX has made 7 investments in 2026 so far. Databricks and Isomorphic Labs are the latest among them.Here are the most recent investments by MGX:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 12, 2026 | United States | Series L | 2196 | [+23] | |
May 12, 2026 | United Kingdom | Series B | 9736 | [+5] | |
Apr 21, 2026 | United States | Series H | 8644 | [+26] | |
Apr 2026 | Pakistan | Seed | 9776 | [+4] | |
Feb 27, 2026 | United States | Series F | 5062 | [+24] |
Unicorns in MGX's Portfolio
MGX has 1 unicorn in its portfolio - Binance. The most recent unicorn in their portfolio is Binance which became a unicorn in 2025.Here is a list of unicorns in MGX's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Online exchange platform for cryptocurrency | 2017 | Abu Dhabi | Series C | xcvwcgb |
Acquired companies in MGX's Portfolio
2 companies from MGX's portfolio have been acquired. The most recent acquisition was xAI in Feb 2026 by SpaceX for $*****.Here are MGX's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2026 | Jan 06, 2026 | Series E | 1062 | |
Nov 02, 2020 | - | - | 1648 |
Team profile of MGX
MGX has a team of 55 members including 26 Partners and 14 Principals located in United Arab Emirates, United States and 2 more locations. MGX's team sits on the board of 1 company.Here is a list of top team members in MGX:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | |||
Partner | New York City | - | ||
Partner | United Arab Emirates | - | - | |
Partner | United Arab Emirates | - | ||
Partner | New York City | - | - | |
Partner | Dubai | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | New York City | - | - | |
Partner | Munich | - |
Co-investors of MGX
Over the past 2 years, 214 investors have co-invested in MGX's portfolio companies. This includes funds and angels.
- Invested before MGX: Sequoia Capital, Andreessen Horowitz and 122 others have invested in rounds before MGX. There are 4 companies where Sequoia Capital has invested before MGX and 3 companies where Andreessen Horowitz has invested before MGX.
- Top Co-investors of MGX: 39 investors entered a company along with MGX. These include investors like Temasek (3 companies).
- Invested after MGX: A total of 51 investors have invested in MGX's portfolio after their investments. Top Investors include JPMorgan Chase (2 companies), Goldman Sachs (2 companies) and Citi (2 companies).
Recent News related to MGX
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A group of buyers completed the acquisition of Aligned Data CentersStock Screener•Jul 21, 2026•Aligned, Macquarie, MgX, Global Infrastructure Partners and 2 others
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Abu Dhabi's MGX in talks for multi-billion deal for Singapore data centre operator DayOneThe Business Times•Jun 20, 2026•MGX, DayOne
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Amazon and Google Linked Funds Joined Anthropic's $30 Billion Series G at a $380 Billion ValuationOpenPR•Jun 01, 2026•Anthropic, Amazon, Google, The D. E. Shaw Group and 4 others
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Alphabet's Isomorphic Labs Reportedly Raising Over $2 Billion for Medical Research AISiliconAngle•May 09, 2026•Isomorphic Labs, Thrive Capital, Google DeepMind, Alphabet and 6 others
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OpenAI closes $122b round at $852b valuationTech in Asia•Apr 01, 2026•The D. E. Shaw Group, OpenAI, SoftBank Group, Microsoft and 33 others
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OpenAI Nears $10B Funding Boost at $730B ValuationBitcoin•Mar 24, 2026•MGX, OpenAI, Altimeter Capital
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OpenAI Kills Sora and Loses Disney’s $1B InvestmentPetaPixel•Mar 24, 2026•OpenAI, SORA, MGX, Altimeter Capital and 2 others
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Abu Dhabi’s MGX eyes Anthropic stake as AI giant chases $350B valuationTech Funding News•Feb 11, 2026•MGX
