Vy Capital

Vy Capital is a highly prominent and notably secretive Dubai-headquartered technology-focused investment firm founded in 2013 by Alexander Tamas (previously at Goldman Sachs in London and subsequently at DST Global aEUR" Yuri Milner's firm aEUR" where Tamas led investments in Airbnb, Facebook / Meta, and Twitter) and Co-Founder Mateusz Szeszkowski (former Goldman Sachs colleague). The firm operates with a highly concentrated long-term investment model with a small team (reportedly only four investors plus approximately 20 operations staff) across offices in Dubai, California, and London. Vy Capital's AUM has grown from approximately USD 5 billion in 2020-2022 to approximately USD 15 billion as of 2024-2025, with reported annualised returns of approximately 28% over the past decade. The firm is particularly notable as a major backer of Elon Musk's ventures aEUR" including SpaceX (entered at a USD 15 billion valuation, now targeting USD 400 billion+ in recent tender offers), xAI (Musk's AI company which acquired X / Twitter; xAI listed among Vy's 2026 exits), Neuralink (led the USD 205 million Series C in 2021), The Boring Company (led the USD 675 million Series C in 2022), and committed USD 700 million to finance Musk's 2022 acquisition of Twitter / now X via a special-purpose vehicle. Diversified portfolio also includes Reddit (NYSE: RDDT, IPO 2024), Zomato (BSE/NSE: ZOMATO), Cerebras Systems, Lambda School / BloomTech, UrbanClap / Urban Company, Embrace.io, and approximately 80+ total investments. In July 2025, Vy Capital informed external LPs it would stop raising external capital and manage the current portfolio with its own accumulated returns going forward.