Investor profile
Fidelity Investments
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Fidelity Investments has invested in private companies for over 15 years, deploying over $32 billion in capital to more than 370 private companies. The firm focuses on rapidly growing category disruptors with durable competitive advantages and experienced management teams, leveraging its global equity research platform of 200+ professionals across Boston, Silicon Valley, London, and Hong Kong. Through its dedicated Fidelity Venture Capital Fund I (closed September 2024 at $250 million), Fidelity makes direct minority investments in mid-to-late stage technology, media, and telecommunications companies, targeting high-growth private companies across sectors including AI, aerospace, defense, enterprise software, and fintech. The fund is designed to meet growing demand from high-net-worth individuals, family offices, and registered investment advisers seeking diversification in private markets.
Notable quotes
“The success of this fundraise speaks to Fidelity's legacy investing in private companies. We are grateful for the support from the fund's limited partners.”
“Fidelity has invested in private companies for over 15 years and has deployed over $32 billion in capital to more than 370 private companies. We focus on rapidly growing category disruptors with durable competitive advantages and experienced management teams.”
Team
Karin Fronczke
Global Head of Private Equity Investments; Portfolio Manager, Fidelity Venture Capital Fund I & Fidelity Venture Growth Fund II
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| OpenAI | Growth | $8.3b | 2025-08-01 |
| Databricks | Growth | $4.0b | 2025-12-01 |
| Cerebras Systems | Series G | $1.1b | 2025-09-01 |
| Anthropic | Series H | $65.0b | 2026-05-01 |
| SpaceX | Series F | $1.0b | 2015-01-01 |
| Stripe | Series H | $600m | 2021-03-01 |
| Revolut | Secondary | — | 2025-11-01 |
| Waymo | Series C | $5.6b | 2024-11-01 |
| CoreWeave | Growth | $1.1b | 2024-05-01 |
| xAI | Series C | $6.0b | 2024-12-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Baillie Gifford | 15 |
| BlackRock | 11 |
| Coatue Management | 8 |
| Temasek Holdings | 8 |
| Andreessen Horowitz | 4 |
| Tiger Global Management | 2 |
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