About Thiel Capital
Thiel Capital is a venture capital firm founded in 1996. It is primarily based out of San Francisco, United States. As of Aug 2026, Thiel Capital is an active investor, having invested in 20 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to Enterprise Applications and High Tech. Most recently it participated in the $***** Series C round of Neros Overall, Thiel Capital portfolio has seen 3 unicorns, 1 IPO and 1 acquisition including key companies like Legendary Entertainment, Quantum Systems and Compass Therapeutics. A lot of funds co-invest with Thiel Capital, with names like JAM Fund sharing a substantial percentage of its portfolio. Thiel Capital has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Thiel Capital's List of Top Investments
Thiel Capital has a portfolio of 20 companies, including 3 unicorns. Their most notable investments are in SPARK Neuro and Legendary Entertainment.Their portfolio spans across United States, Germany, China and 3 more locations. They have invested in Life Sciences, Enterprise Applications, High Tech and 15 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by Thiel Capital:Producer of film, television, and comic book content. This company owns, produces, and distributes content for mainstream audiences, with a specific focus on the fandom demographic. Its divisions include film production (Legendary Pictures), television and digital media (Legendary Television and Digital Media), and comic books (Legendary Comics). The company develops and delivers a variety of entertainment properties across multiple platforms.
Key facts about Legendary Entertainment
- Founded Year: 2004
- Location: Burbank (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.82B
- Employee Count: 500 as on Jul 31, 2026
- Investors: Goldman Sachs, Comerica and 23 Others
- Latest Funding Round: Conventional Debt, Apr 18, 2023, $*****
- Highlight: Acquired
AI-powered aerial intelligence and reconnaissance systems. It develops autonomous drone platforms and supporting software that enable real-time aerial intelligence, high-precision mapping, and situational awareness in complex operational environments. It focuses on integrating hardware and AI-based analytics to deliver actionable insights for military and security forces, including battlefield reconnaissance, border monitoring, and tactical decision support. Its systems are designed for rapid deployment, autonomous operation, and interoperability within modern defense ecosystems.
Key facts about Quantum Systems
- Founded Year: 2015
- Location: Gilching (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.82B
- Employee Count: 669 as on Jul 31, 2026
- Investors: Fidelity Investments, Commerzbank and 37 Others
- Latest Funding Round: Series D, Jul 02, 2026, $*****
- Highlight: Editors' Pick
3. Terminal
Terminal is a remote developers hiring platform. The platform employers to hire remote developers by screening candidates, work on projects, and retain top talent. It allows remote developers to create a profile by mentioning the skills and it matches jobs based on the skills. The clientele includes Spot Hero, Armory, Gusto, Crew, Hims & Hers, Dialpad, Chime, etc.
Key facts about Terminal
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $30M
- Employee Count: 170 as on Jul 31, 2026
- Investors: Western Technology Investment, 8VC and 12 Others
- Latest Funding Round: Series B, Sep 26, 2019, $*****
- Highlight: Editors' Pick
4. Zest AI
Provider of AI-enabled credit risk assessment platform. It provides users with a loan life cycle management suite for banks and financial institutions. Its services include data processing, automated documentation and compliance validation, deployment and integration, and more. It identifies borrowers' and lenders' credit risk through assessments and automated decisions.
Key facts about Zest AI
- Founded Year: 2009
- Location: Burbank (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $319M
- Employee Count: 235 as on Jul 31, 2026
- Investors: Northgate Capital, Saints Capital and 30 Others
- Latest Funding Round: Series D, Nov 04, 2025, $*****
- Highlight: Editors' Pick
Compass Therapeutics develops and discovers therapeutic antibodies for cancer treatment. The company focused on comprehensively drugging the tumor-immune synapse with combinations of human monoclonal antibodies, multiclonal, and engineered protein constructs.
Key facts about Compass Therapeutics
- Founded Year: 2013
- Location: Cambridge (United States)
- Annual Revenue: $0 - $1M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $239M
- Employee Count: 60 as on Jul 31, 2026
- Investors: Foresite Capital, Acks and 17 Others
- Latest Funding Round: Series A, Jun 23, 2020, $*****
- Highlight: Public
Thiel Capital's Year-on-Year Investment Trends
Thiel Capital has invested in 20 companies over the last 14 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Aug 2026, it has made 2 investments in this year. Its most recent first time investment was in Neros and most recent follow-on round was in Alloy Therapeutics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 3 | 0 | 3 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 0 | 1 | 1 |
2019 | 2 | 0 | 2 |
2018 | 3 | 0 | 3 |
2017 | 1 | 0 | 1 |
Thiel Capital's Investments by Stage
Thiel Capital has made 7 investments in Series A stage with an average round size of $30.5M, 4 investments in Series B stage with an average round size of $55.9M, 3 investments in Seed stage with an average round size of $5M, 3 investments in Series C stage with an average round size of $111M and 1 investment in Series D stage with an average round size of $42M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Series B | 4 |
Seed | 3 |
Series C | 3 |
Series D | 1 |
Note: We have considered here, only first round of investments
Thiel Capital's Investments by Sector
Thiel Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, Healthcare and Life Sciences. Notably, it has invested in 16 Tech companies, 13 Enterprise (B2B) companies, 6 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
High Tech | 5 |
Aerospace, Maritime and Defense Tech | 4 |
Healthcare | 4 |
Life Sciences | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
Thiel Capital's Investments by Geography
Thiel Capital has made most investments in United States (13), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 13 |
Germany | 2 |
China | 1 |
Norway | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Thiel Capital's recent investments
Thiel Capital has made 2 investments in 2026 so far - Neros and Alloy Therapeutics.Here are the most recent investments by Thiel Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 11, 2026 | United States | Series C | 3586 | [+5] | |
Mar 31, 2026 | United States | Series E | 3318 | [+8] | |
Aug 21, 2025 | Germany | Series C | 4835 | [+5] | |
Jun 26, 2024 | Norway | Seed | 9033 | [+1] | |
May 30, 2024 | Singapore | Series A | 6730 |
Unicorns in Thiel Capital's Portfolio
Thiel Capital has 3 unicorns in its portfolio - Neros, Alloy Therapeutics and Quantum Systems. The most recent unicorn in their portfolio is Neros. It became a unicorn in 2026.Here is a list of unicorns in Thiel Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Manufacturer of unmanned aerial vehicles and ground control station systems | 2023 | Los Angeles | Series C | lxszjge | ||
69 | Provider of drug discovery services | 2017 | Lexington | Series E | yk{c{ue | ||
78 | AI-powered aerial intelligence and reconnaissance systems | 2015 | Gilching | Series D | bus{tmn |
IPOs and Publicly Listed companies in Thiel Capital's Portfolio
1 of Thiel Capital's portfolio company became public - Compass Therapeutics. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2021.Here are Thiel Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 05, 2021 | Jul 12, 2018 | Series A | 7937 |
Acquired companies in Thiel Capital's Portfolio
1 company from Thiel Capital's portfolio has been acquired. The most recent acquisition was Legendary Entertainment in Jan 2016 by Wanda Group for $*****.Here are Thiel Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 11, 2016 | Apr 13, 2012 | Series B | 3529 |
Team profile of Thiel Capital
Thiel Capital has a team of 5 members including 2 Partners and 1 Principal located in United States. Thiel Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Thiel Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paradise Valley | - | - | |
Partner | West Hollywood | - | - | |
Principal | New York City | - | - |
Co-investors of Thiel Capital
Over the past 14 years, 207 investors have co-invested in Thiel Capital's portfolio companies. This includes funds and angels.
- Invested before Thiel Capital: Y Combinator, Founders Fund and 43 others have invested in rounds before Thiel Capital. There are 3 companies where Y Combinator has invested before Thiel Capital and 2 companies where Founders Fund has invested before Thiel Capital.
- Top Co-investors of Thiel Capital: 70 investors entered a company along with Thiel Capital. These include investors like JAM Fund (2 companies).
- Invested after Thiel Capital: A total of 92 investors have invested in Thiel Capital's portfolio after their investments. Top Investors include Peter Thiel (4 companies), Advent International (2 companies) and Founders Fund (2 companies).
Recent News related to Thiel Capital
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German drone startup Quantum Systems triples valuation to $3.5B after $180M funding roundTechStartups.com•Nov 28, 2025•Airbus Official, Thiel Capital, Balderton Capital, Quantum Systems and 3 others
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Stark Defence, a armament startup, to raise $60M in funding round, valuation at EUR 500Mmanager magazin•Aug 20, 2025•STARK, NIF, Sequoia Capital, Thiel Capital and 2 others
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Ataraxis AI raised $20M to personalize treatmentTechCrunch+•Mar 06, 2025•Ataraxis, AIX Ventures, Thiel Capital, Founders Fund and 7 others
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South Africa's FARO secures $6 million to make fashion affordableTechpoint.Africa•Jan 15, 2025•FARO Africa, Presight Capital, Venture Garage, Faro and 1 other
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17-time World Chess Champion Magnus Carlsen’s Fantasy Chess bags €2.8M in pre-seed roundSilicon Canals•Jun 26, 2024•Fantasy Chess, SNÖ Ventures, Thiel Capital, Coatue
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Rhea Secures $10M Funding to Expand Global Reproductive Health ServicesGlobal Village Space•May 30, 2024•RHEA Group, Thiel Capital, Life Extension Ventures, Blue Lion Global and 1 other
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Rhea Raises Another $10 Million Under Thiel’s Leadershipnewsnetdaily.com•May 30, 2024•Rhea Fertility, Thiel Capital, Life Extension Ventures, Blue Lion Global and 1 other
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German Quantum-Systems raises €63 million to increase drone supplies to UkraineUkraine Digital News•Nov 06, 2023•Quantum Systems, Airbus Ventures, Omnes Capital, Project A and 2 others
