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.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.