Mithril Capital Management, the Peter Thiel-backed venture firm that draws its name from Lord of the Rings, is raising $600 million for its second fund, according to a regulatory filing. The firm focuses on growth stage tech – and often life sciences – startups.
Sources tell Tech Crunch, however, that the firm – founded in 2012 with Ajay Royan – already is oversubscribed for this fund, and it may reach $1 billion before it closes.
Mithril’s first fund backed 17 portfolio companies with $540 million. Some of Mithril’s investments include type II diabetes therapeutics startup Fractyl Labs, antibody discovery company Adimab, and Auris Surgical Robotics, which raised $150 million this fall.
