Valor Equity Partners

Venture capital firm
Chicago, Illinois, USA$59.3B AUMwww.valorep.comSee connections →Compare with Atreides Management

Private investment firm investing in technology and technology-enabled industrial companies across growth and early stages.

Ranked on: #3 Most Active Growth Investors of 2026 (Ranked) · #6 Most Active VC Firms in 2026 · #7 Most Active Series B Investors of 2026 (Ranked) · Get your badge →

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At a glance

Valor Equity Partners appears in 17 funding rounds tracked by ValueAddVC since 2024, leading 12. Its most frequent sectors in these rounds are AI & Infrastructure and Robotics & Mobility, and its most recent tracked deal was Atomic Machines' $250M round (Oct 7, 2026). It co-invests most often with Atreides Management, Nvidia and Founders Fund. ValueAddVC also tracks 7 funds managed by Valor Equity Partners.

Strategy

Stages
Early StageGrowth
Sectors
BiosciencesTransportationFoodHealth and WellnessTechnology
Geographies
Chicago, Illinois, USA

Open Roles

1
Senior Software Engineer (Machine Learning)Chicago

Recent changes

  1. Oct 7, 2026Invested in Atomic Machines ($250M) RuntimeWire
  2. Sep 30, 2026Invested in CScale (Series C, $145M) SiliconANGLE
  3. Sep 30, 2026Invested in Flow Engineering (Series B, $50M) TechCrunch
  4. Sep 29, 2026Invested in General Intuition (Series B (follow-on), $220M) SiliconANGLE
  5. Sep 17, 2026Invested in Watney Robotics (Series A, $80M) WOWTALE
Earlier changes (15)
  1. Sep 17, 2026Follow-on: Invested in Crusoe (Series F, $3.9B) TechCrunch
  2. Sep 16, 2026Invested in Fortell ($163M) TechCrunch
  3. Sep 10, 2026Invested in The Boring Company (Series D, $3B) TechCrunch
  4. Sep 10, 2026Invested in Positron AI (Series C, $875M) PR Newswire (company announcement)
  5. Sep 8, 2026Invested in Celero Communications (Series C, $275M) citybiz
  6. Sep 5, 2026Stages updated: Early Stage, Growth valorep.com
  7. Sep 5, 2026Sectors updated: Biosciences, Transportation, Food, Health and Wellness, Technology valorep.com
  8. Sep 3, 2026Follow-on: Invested in Crusoe (Growth, $3B)Rumored TechCrunch
  9. Sep 2, 2026Invested in Medici Brands (Series B, $250M) Pulse2
  10. Aug 6, 2026Invested in Hadrian (Series D, $1.37B) Hadrian
  11. Aug 3, 2026Invested in Base Power (Series D, $1B) TechCrunch
  12. Jun 24, 2026Valor Equity Partners Looks to Raise a $2.5B Fund VII on Its SpaceX and Anduril Marks Pulse story
  13. Jan 6, 2026Invested in xAI (Series E, $20B) xAI
  14. Nov 3, 2025New fund: Valor Equity Partners Fund VII SEC EDGAR Form D
  15. Nov 3, 2025New fund: Valor Equity Partners Opportunity Fund II SEC EDGAR Form D

Funds

7
FundVintageSizeStrategySource
Valor Equity Partners Fund VII2025—Flagship
As of Nov 3, 2025SEC EDGAR Form D
Valor Equity Partners Opportunity Fund II2025—Opportunity
As of Nov 3, 2025SEC EDGAR Form D
Valor Equity Partners Fund VI2022$2.21BFlagship
As of Mar 7, 2024SEC EDGAR Form D
Valor Equity Partners Opportunity Fund I2021target $750MOpportunity
As of Oct 11, 2022SEC EDGAR Form D
VALOR EQUITY PARTNERS V2019target $1.3BFlagship
As of Jul 10, 2020SEC EDGAR Form D
Show 2 earlier funds
FundVintageSizeStrategySource
Valor Equity Partners Fund IV2017target $1.1BFlagship
As of May 4, 2018SEC EDGAR Form D
Valor Equity Partners Fund III2013$477.225MFlagship
As of Jun 2, 2015SEC EDGAR Form D

Portfolio

22 total
Anduril IndustriesAMP RoboticsAtomic MachinesHadrianCScaleFlow EngineeringGeneral IntuitionCrusoeWatney RoboticsFortellThe Boring CompanyPositron AICelero CommunicationsMedici BrandsPolymarketSpaceXBase PowerK HealthxAIMagicSchool AIRedditZipline

Recent Investment Activity

17

Track record: led 12 and participated in 5 of 17 tracked venture rounds · 16 in the last 12 months · led 3 Series C, 2 Series B, 2 Series D, 1 Series F

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 7, 2026Atomic Machinesfunding roundParticipated$250M—
GigafundunverifiedKAS Venture PartnersunverifiedValor Equity PartnersunverifiedOneIMXTX VenturesSozo Ventures
RuntimeWire
Sep 30, 2026CScaleSeries CLed$145M—
Atreides ManagementLeadunverifiedValor Equity PartnersLeadunverifiedPremji InvestLeadunverifiedNvidiaunverifiedIntel Capitalunverified
SiliconANGLE
Sep 30, 2026Flow EngineeringSeries BLed$50M$750M
Valor Equity PartnersLeadunverifiedAtreides ManagementLeadunverifiedSequoia CapitalunverifiedHuman VenturesSiliconANGLE · unverifiedEvantic CapitalSiliconANGLE · unverifiedSV AngelSiliconANGLE · unverifiedEQT VenturesSiliconANGLE · unverifiedOdyssey
Pulse story
Sep 29, 2026General IntuitionSeries B (follow-on)Participated$220M$6.2B
Valor Equity PartnersunverifiedAtreides ManagementunverifiedSeven Seven SixunverifiedPoint72unverifiedKhosla VenturesunverifiedGeneral Catalystunverified
SiliconANGLE
Sep 17, 2026CrusoeSeries FLed$3.9B$30.9B
Atreides ManagementLeadMubadala CapitalLeadValor Equity PartnersLeadFounders FundGICNvidiaQatar Investment AuthorityRadical VenturesTPG
TechCrunch
Sep 17, 2026Watney RoboticsSeries ALed$80M—
Valor Equity PartnersLeadunverifiedConvictionunverifiedAbstract VenturesunverifiedCapital A PartnersunverifiedHummingbird VenturesGrant Gordon
WOWTALE
Sep 16, 2026Fortellfunding roundLed$163M$740M
Founders FundLeadThrive CapitalLeadValor Equity PartnersLead
Pulse story
Sep 10, 2026Positron AISeries CLed$875M$5B
New Enterprise Associates (NEA)LeadAtreides ManagementLeadValor Equity PartnersLeadAndra CapitalLeadSemiAnalysis CapitalJim Clark
PR Newswire (company announcement)
Sep 10, 2026The Boring CompanySeries DParticipated$3B$23B
Sequoia CapitalAndreessen HorowitzValor Equity PartnersVy CapitalUAE
TechCrunch
Sep 8, 2026Celero CommunicationsSeries CLed$275M$3B+
Atreides ManagementLeadValor Equity PartnersLeadCapitalGLeadSutter Hill VenturesMaverick Silicon
citybiz
Sep 3, 2026CrusoeGrowthRumoredLed$3B$30B
Atreides ManagementLeadValor Equity PartnersLeadMubadala Capital
TechCrunch
Sep 2, 2026Medici BrandsSeries BLed$250M—
GreenoaksLeadunverifiedValor Equity PartnersLeadunverifiedIconiq CapitalunverifiedImaginary VenturesunverifiedPeter Rahal
Pulse story
Aug 6, 2026HadrianSeries DLed$1.37B$7.87B
Washington Harbour PartnersLeadunverifiedValor Equity PartnersLeadunverified137 VenturesLeadunverifiedBaillie GiffordLeadunverifiedJPMorganChase Strategic Investment GroupLeadunverifiedWCM Investment Management
Hadrian
Aug 3, 2026Base PowerSeries DLed$1B$13B
Ribbit CapitalLeadAdditionLeadValor Equity PartnersLeadJPMorganChase Strategic Investment GroupLead
Pulse story
Jan 6, 2026xAISeries EParticipated$20B~$230B
Qatar Investment AuthorityTechCrunchMGXFidelity InvestmentsTechCrunchNvidiaTechCrunchCisco InvestmentsTechCrunchValor Equity PartnersTechCrunchStepStone GroupBaron Capital Group
xAI
Oct 24, 2025CrusoeSeries ELed$1.375B$10B+
Valor Equity PartnersLeadunverifiedMubadala CapitalLeadunverifiedFounders FundunverifiedNvidiaunverifiedAtreides ManagementunverifiedAltimeter CapitalunverifiedSalesforce VenturesunverifiedTiger Global Managementunverified
Crusoe
Dec 12, 2024CrusoeSeries DParticipated$600M$2.8B
Founders FundLeadunverifiedFidelity InvestmentsunverifiedMubadala CapitalunverifiedNvidiaunverifiedRibbit CapitalunverifiedValor Equity PartnersunverifiedLong Journey Ventures
Crusoe

Sector / Stage Activity

By sector (portfolio)
AI infra
4 · 18%
Robotics
3 · 14%
Defense
2 · 9%
Semiconductors
2 · 9%
Consumer
2 · 9%
Manufacturing
1 · 5%
Energy/Grid
1 · 5%
Developer tools
1 · 5%
Biotech
1 · 5%
Software
1 · 5%
By stage (tracked rounds)
Series D
4 · 24%
Series C
3 · 18%
Series B
2 · 12%
Series E
2 · 12%
Series B (follow-on)
1 · 6%
Series F
1 · 6%
Series A
1 · 6%
Growth
1 · 6%

Co-Investors

12
Atreides Management · 7 sharedFounders Fund · 7 sharedAndreessen Horowitz · 4 sharedSV Angel · 4 shared8VC · 3 sharedCollaborative Fund · 3 sharedFidelity Investments · 3 sharedGeneral Catalyst · 3 sharedCommon Sense Media · 1 sharedKAS Venture Partners · 1 sharedLerer Hippeau Ventures · 1 sharedSutter Hill Ventures · 1 shared

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Value Add Research

Latest Pulse

  1. Crunchbase Data Shows Investors Didn't Slow Down In Q3Crunchbase's investor-level breakdown of Q3 2026 shows most active investors increased deal counts even as total venture dollars fell, with Insight Partners, Andreessen Horowitz and Sequoia Capital all leading more rounds than the prior quarter.→
  2. Atomic Machines Exits Stealth With $250M AI FactoryAtomic Machines, founded by ex-Amazon and Uber executive Jeff Holden, emerged from six years in stealth with $250 million in cumulative funding and PrimeSwitch, a relay built by its AI-native Matter Compiler manufacturing system.→
  3. CScale Exits Stealth With $145M For AI Data CentersCScale exited stealth with a $145 million Series C from Atreides Management, Valor Equity Partners, and Premji Invest to build optical interconnects for AI data centers, bringing its total funding to $188 million, the company said.→
  4. Flow Engineering Raises $50M Series B At $750MFlow Engineering raised a $50 million Series B at a $750 million valuation to build agentic AI tools for hardware design, led by Valor Equity Partners and Atreides Management.→
  5. Volantis Raises $88M To Build Photonic AI ChipsVolantis raised an $88 million Series A led by angel investor Lachy Groom and Abstract Ventures to commercialize a photonic chip architecture aimed at AI inference memory and bandwidth bottlenecks.→
  6. CScale Exits Stealth With $145M for AI Optical LinksCScale emerged from stealth with $145 million in Series C funding -- $188 million raised in total, including backing from Nvidia and Intel Capital -- to build optical interconnects for gigawatt-scale AI data centers.→
  7. Flow Engineering Hits $750M ValuationFlow Engineering raised a $50 million Series B at a $750 million valuation, co-led by Valor Equity Partners and Atreides Management, to speed up hardware design iteration with AI agents.→
  8. General Intuition Closes $220M At $6.2BGeneral Intuition closed a $220 million round at a $6.2 billion valuation, confirming the mark Pulse reported the company approaching earlier this month.→
  9. AI Infrastructure Financing Just Broke Its Own CeilingCrusoe's $3.9B raise and Bain Capital Ventures' $1.6B 'post-AGI' fund landed in the same 24 hours, and both are the same bet: the compute and services layer under AI is where the money is actually going now.→
  10. Watney Raises $80M To Put Robots In Data CentersWatney Robotics raised an $80 million Series A co-led by Valor Atreides AI Fund and Hummingbird Ventures as Meta tests its dual-arm robots against ABB and Kinova hardware inside live data centers in Iowa and Ohio.→
  11. Crusoe Hits Initial Close On $3.9B Series F At $30.9BCrusoe's AI data-center buildout tripled its valuation to $30.9B in under a year, with Nvidia, Founders Fund and three sovereign-linked funds among the backers of the initial close.→
  12. Crusoe Hits Initial Close On $3.9B Series F At $30.9BAI data-center builder Crusoe announced the initial close of an anticipated $3.9 billion Series F at a $30.9 billion post-money valuation, funding the Abilene, Texas OpenAI campus and a new line of truck-deployable modular data centers.→
  13. AI Hearing-Aid Startup Fortell Hits $740M ValuationFortell, backed by Founders Fund and Thrive Capital, has raised $163 million and reached a $740 million valuation building AI hearing aids meant to isolate speech from noise in real time.→
  14. Impulse Space Adds $308M, Valuation Jumps To $5.4BImpulse Space closed a $308 million Series D extension at a $5.4 billion valuation, growing its Series D to $808 million total as demand for in-space transportation outpaces the company's launch manifest.→
  15. Boring Company Raises $3B At $23B, UAE LeadsElon Musk's tunneling venture The Boring Company raised $3 billion in a Series D led by the UAE, valuing the company at $23 billion -- a fourfold increase from 2022 -- to fund more than 150 kilometers of new tunnels across the Emirates.→
  16. Positron AI Raises $875M At $5B ValuationAI inference-chip startup Positron AI raised $875 million at a $5 billion valuation, more than quadrupling its value in seven months as it races to tape out its memory-heavy Asimov chip on TSMC's N3P process.→
  17. Anthropic Walks Away From Its Biggest Deal EverAnthropic terminated talks to acquire Israeli AI startup Decart for roughly $6 billion after conducting due diligence, walking away from what would have been its largest acquisition to date.→
  18. The Application Layer Is Where I'd Be Writing ChecksNearly $5 billion went into three compute-layer companies in a single week while the software built on top of that compute raised a fraction of it -- and the compute bets are credit trades wearing venture clothes.→
  19. Why AI Compute Swallowed the Week's Venture DollarsCrusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.→
  20. Crusoe Triples to $30B Valuation on $3B Series FThe Denver AI data-center builder raised over $3 billion co-led by Atreides Management and Valor Equity Partners, tripling its valuation in ten months on the strength of a $13 billion Jane Street compute contract.→
  21. Crusoe Reportedly Raises $3B at $30B ValuationCrusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.→
  22. Medici Brands Raises $250M as David Protein ScalesMedici Brands, parent of David Protein and the newly launched HallPass candy brand, raised a $250 million Series B as David heads toward $300 million in 2026 revenue.→
  23. General Intuition Hits $6B Valuation on Robotics PushValor Equity Partners and Point72 are backing General Intuition at a $6 billion valuation as the spatial-reasoning AI startup extends from video-game agents into physical robotics.→
  24. Defense Tech's Funding Surge Shows No Sign of SlowingAugust alone has produced a $250 million Neros Technologies round and a fresh $1.37 billion Hadrian raise, extending a defense-tech funding pace that has now outrun every full prior year on record.→
  25. Neros Raises $250M Series C at $2.5B for Defense DronesNeros Technologies raised a $250 million Series C co-led by Sequoia Capital and the American Strategic Technology Fund at a $2.5 billion valuation, funding a push to build 1 million US-made drones a year by 2028.→
  26. This Week's Mega-Rounds, By the NumbersHadrian's $1.37B round, Function Health's $450M raise and OLIX's $312M photonic-chip round pushed this week's three largest US-linked venture rounds past $2.1B combined, none of it going to a foundation model.→
  27. Hadrian Raises $1.37B to Automate Defense FactoriesHadrian raised a $1.37B Series D at a $7.87B valuation -- roughly 5x its prior mark -- to build automated factories that machine precision parts for SpaceX, Anduril and other aerospace and defense suppliers.→
  28. Hadrian Valuation Hits $7.9B on Defense BoomHadrian raised $1.37 billion led by Baillie Gifford and JPMorgan Strategic Investment Group at a $7.9 billion valuation, more than quadrupling its January mark as investors pour capital into AI-driven defense manufacturing.→
  29. The Educator Who Built a $63M AI Edtech StartupMagicSchool AI, founded by a former school principal who says VCs initially refused to fund an educator, has now raised $63M and reaches an educator in nearly every US school district.→
  30. Base Power Raises $1B at $13B for Home BatteriesA consortium led by JPMorgan's Strategic Investment Group put $1B into Base Power at a $13B valuation, backing a company that leases home batteries and sells the aggregated capacity back to the grid.→
  31. Valar Atomics Triples to $6B for Factory NuclearValar Atomics raised a $1B Series B led by Sequoia at a $6B valuation, tripling its mark since April, months after using a fission reaction to power an Nvidia chip for the first time.→
  32. Valar Atomics Raises $1B at $6B for Factory NuclearSequoia led a $1B Series B for Valar Atomics at a $6B post-money valuation, tripling the mark it carried in April, weeks after the startup used a fission reaction to power an Nvidia AI chip.→
  33. Base Power Raises $1B, Launches Home BatteryBase Power raised $1B at a $13B valuation and launched Base Core, a 39.2 kWh home battery built in Austin -- a bet that AI-driven grid strain shows up first at the household level.→
  34. Base Power Raises $1B More for Grid BatteriesBase Power closed a $1B Series D at a $13B valuation, less than a year after its last billion-dollar round, to keep installing home batteries at roughly 100 per day.→
  35. Sequoia Leads $1B Round for Nuclear Startup ValarValar Atomics closed a $1B Series B led by Sequoia at a $6B valuation, tripling its April mark, weeks after its microreactor became the first in US history to power an Nvidia AI chip.→
  36. Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30BAI data-center builder Crusoe is reportedly in talks to raise about $3 billion in a round that would roughly triple its valuation to around $30 billion, as demand for specialized AI compute keeps outpacing supply.→
  37. Valor Equity Partners Looks to Raise a $2.5B Fund VII on Its SpaceX and Anduril MarksAntonio Gracias's Valor Equity Partners is raising a $2.5 billion Fund VII, per Bloomberg -- a step up from the $2.35 billion Fund VI it closed in 2024. A long-time backer of Elon Musk's companies, Valor has reserved part of the new fund for additional SpaceX investment, where it owns roughly 4% of the now-public rocket maker.→

Valor Equity Partners FAQ

What is Valor Equity Partners' latest fund?

Valor Equity Partners Fund VI, closed at $2.21B (As of Mar 7, 2024; SEC EDGAR Form D).

How large are Valor Equity Partners' funds?

Valor Equity Partners funds Value Add tracks include Valor Equity Partners Fund VI ($2.21B, 2022); Valor Equity Partners Fund III ($477.225M, 2013), out of 7 Valor Equity Partners funds tracked in total.

What companies has Valor Equity Partners invested in?

Valor Equity Partners' portfolio includes Anduril Industries, AMP Robotics, Atomic Machines, Hadrian, CScale, Flow Engineering, and 16 more tracked companies.

Who does Valor Equity Partners co-invest with most?

In the rounds Value Add tracks, Valor Equity Partners most often invests alongside Atreides Management (7 shared deals), Founders Fund (7 shared deals), Andreessen Horowitz (4 shared deals), SV Angel (4 shared deals), 8VC (3 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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