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At a glance
MGX appears in 6 funding rounds tracked by ValueAddVC since 2024. Its most frequent sector in these rounds is AI & Infrastructure, and its most recent tracked deal was Databricks' $5B round (Aug 13, 2026). It co-invests most often with Nvidia, Andreessen Horowitz and Coatue Management. ValueAddVC also tracks 2 funds managed by MGX.
Strategy
Recent changes
- Oct 20, 2026Oct 20, 2026Follow-on: Invested in OpenAI ($30B)Rumored TalkMarkets
- Aug 13, 2026Aug 13, 2026Invested in Databricks (Strategic growth round, $5B) Bloomberg
- Jun 9, 2026Jun 9, 2026New fund: MGX Fund I SEC EDGAR Form D
- Mar 31, 2026Mar 31, 2026Follow-on: Invested in OpenAI ($122B) TechCrunch
- Feb 12, 2026Feb 12, 2026Invested in Anthropic (Series G, $30B) TechCrunch
Earlier changes (2)
- Jan 6, 2026Jan 6, 2026Invested in xAI (Series E, $20B) xAI
- Oct 2, 2024Oct 2, 2024Invested in OpenAI ($6.6B) TechCrunch
Funds
2| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| MGX I Co-Investment 7 | 2026 | — | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 18, 2026SEC EDGAR Form D |
| MGX Fund I | 2026 | — | Flagship | As of Jun 9, 2026SEC EDGAR Form D |
Portfolio
5 totalRecent Investment Activity
6Track record: led 0 and participated in 6 of 6 tracked venture rounds · 5 in the last 12 months
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 20, 2026 | OpenAI | funding roundRumored | Participated | $30B | $1.4T+ | SoftBank GroupunverifiedMGXunverified | TalkMarkets |
| Aug 13, 2026 | Databricks | Strategic growth round | Participated | $5B | $190B | Coatue ManagementLeadunverifiedBlackstoneunverifiedMGXunverifiedT. Rowe PriceunverifiedSixth StreetunverifiedBondunverifiedPoint72unverifiedPremji InvestunverifiedTPGunverifiedAndreessen HorowitzunverifiedThrive CapitalunverifiedClearlake Capital | Bloomberg |
| Mar 31, 2026 | OpenAI | funding round | Participated | $122B | $852B | TechCrunch | |
| Feb 12, 2026 | Anthropic | Series G | Participated | $30B | $380B | TechCrunch | |
| Jan 6, 2026 | xAI | Series E | Participated | $20B | ~$230B | xAI | |
| Oct 2, 2024 | OpenAI | funding round | Participated | $6.6B | $157B | TechCrunch |
Sector / Stage Activity
Co-Investors
12MGX FAQ
What companies has MGX invested in?
MGX's portfolio includes OpenAI, Anthropic, Databricks, xAI, TikTok.
Who does MGX co-invest with most?
In the rounds Value Add tracks, MGX most often invests alongside Fidelity Investments (4 shared deals), Coatue Management (3 shared deals), D. E. Shaw Ventures (3 shared deals), Nvidia (3 shared deals), Qatar Investment Authority (3 shared deals).
Sources & methodologyshow
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- xAIprimary source1 fact
- Bloombergmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- TalkMarketsValue Add VC data1 fact
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.