Fidelity Investments

Growth Equity·Boston·$5.9T AUM (total firm); $28B+ deployed in private companies; VC Fund I $250M (2024); F-Prime Capital $5.3B

Founded in 1946 by Edward C. Johnson II, Fidelity Investments is one of the world's largest financial services companies with $5.9 trillion in AUM and $15 trillion in assets under administration. Over the past 15 years the firm has deployed over $28 billion across 600 investments in 350 private companies, establishing itself as a dominant late stage crossover investor. Notable private holdings include SpaceX (investor since 2015), Stripe, OpenAI (Series E, 2024), xAI, and Cerebras ($1.1B round lead). In 2024 Fidelity launched its first dedicated VC fund ($250M) targeting mid to late stage TMT companies. The affiliated F-Prime Capital manages $5.3B across healthcare and technology ventures.

Focus Areas

AIFintechSpaceEnterprise SoftwareHealthcareTMT

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Portfolio

1 company in our directory

Anduril

Hiring

Defence Tech·Series G

Anduril Industries is a defence technology company that builds autonomous systems and AI-powered platforms for national security applications. Founded in Irvine, California by Palmer Luckey (co-founder of Oculus VR) and former Palantir executives, Anduril takes a Silicon Valley approach to defence contracting, investing its own capital in R&D rather than relying on traditional cost-plus government contracts. Its core product, Lattice OS, is an open operating system that uses sensor fusion, computer vision, and machine learning to connect autonomous hardware across air, land, sea, and space domains. The company's portfolio includes autonomous drones (Ghost, Fury, Roadrunner), counter-UAS systems, and the Ghost Shark autonomous submarine. Anduril doubled its revenue to roughly $1 billion in 2024 and is building Arsenal-1, a major autonomous weapons manufacturing facility in Ohio.