# MGX: portfolio, investments and team

> MGX is a growth equity based in India. 14 investments on record, 6 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/mgx (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# MGX

Last cheque observed May 2026; 14 cheques on record.

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Deploying now New fund $49B, Jul 2026 Growth equity

Growth Debt Series B Investment Management

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Deploying now

**75%** of best year **6** **cheques in 12 months**, 14 on record

Since the last cheque **172** days **00** hrs **00** min **00** sec

Median round **$4.3B** Rounds led **4 of 14** Sole investor **1 rounds** Mostly in **United States, 79%**

Pitch MGX

## MGX highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Growth and Debt: 73% of its rounds
- 03 Sole investor in 1 rounds, median $1.0B

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Investment Management
- **Based in:** Bengaluru, India
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **14 appearances**

- **2026** 5 rounds
- **May** **[Isomorphic Labs](https://millionrounds.com/company/isomorphic-labs)** Series B · GB · TechStartups **$2.1B** With 8 others
- **May** **[Anthropic](https://millionrounds.com/company/anthropic)** Series H · US · Crunchbase News **$50B** With 32 others
- **Mar** **[OpenAI](https://millionrounds.com/company/openai)** Growth · US · Crunchbase News **$110B** *Led*
- **Feb** **[Anthropic](https://millionrounds.com/company/anthropic)** Growth · US · Crunchbase News **$30B** *Led*
- **Jan** **[OpenAI](https://millionrounds.com/company/openai)** Growth · US · Crypto Briefing **$30B** With 7 others
- **2025** 6 rounds
- **Dec** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$5.0B** With 25 others
- **Aug** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$1.0B** *Led*
- **Jul** **[Mistral](https://millionrounds.com/company/mistral)** FR · TechCrunch **$1.0B** Sole investor
- **Mar** **[Binance](https://millionrounds.com/company/binance)** AE · Crunchbase News **$2.0B** *Led*
- **Mar** **[Anthropic](https://millionrounds.com/company/anthropic)** Debt · US · Crunchbase News **$750M** With 10 others
- **Feb** **[Anthropic](https://millionrounds.com/company/anthropic)** Growth · US · TechCrunch **$3.5B** With 9 others
- **2024** 3 rounds
- **Dec** **[xAI](https://millionrounds.com/company/xai)** Series C · US · TechCrunch **$6.0B** With 13 others
- **Dec** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$10B** With 10 others
- **Oct** **[OpenAI](https://millionrounds.com/company/openai)** US · Crunchbase News **$10M** With 11 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$39B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** MGX Fund Management Limited
- **SEC number:** CRD 334247

New fund on file

**$49B**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Debt Series B

Median round joined **$4.3B** the round, not its cheque Alone, median **$1.0B**

Led 4 of 14 rounds **29%**

- **Sole investor:** 1 rounds
- **Last cheque:** May 2026

Rounds by stage said on their site

- Growth *7*
- Debt *1*
- Series B *1*
- Series C *1*
- Series H *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Fidelity](https://millionrounds.com/fund/fidelity) 6
- [NVIDIA](https://millionrounds.com/fund/nvidia) 6
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 5
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 5
- [Thrive Capital](https://millionrounds.com/fund/thrive-capital) 5
- [Coatue](https://millionrounds.com/fund/coatue-management) 4

**Pitching MGX?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as MGX. A count of rooms they were both in, not a relationship either has claimed.

[**Fidelity** VC firm **6** rounds together](https://millionrounds.com/fund/fidelity)[**NVIDIA** Company **6** rounds together](https://millionrounds.com/fund/nvidia)[**Andreessen Horowitz** VC firm **5** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Lightspeed Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Thrive Capital** Accelerator **5** rounds together](https://millionrounds.com/fund/thrive-capital)[**Coatue** VC firm **4** rounds together](https://millionrounds.com/fund/coatue-management)[**GIC** Private equity **4** rounds together](https://millionrounds.com/fund/gic)[**General Catalyst** VC firm **4** rounds together](https://millionrounds.com/fund/general-catalyst)[**Insight Partners** Company **4** rounds together](https://millionrounds.com/fund/insight-partners)[**Jane Street** Growth equity **4** rounds together](https://millionrounds.com/fund/jane-street)[**Menlo Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/menlo-ventures)[**Sequoia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/sequoia-capital)

## Recently backed

The latest companies MGX put money into.

[**Isomorphic Labs** $2.1B · May 2026](https://millionrounds.com/company/isomorphic-labs)[**Anthropic** $50B · May 2026](https://millionrounds.com/company/anthropic)[**OpenAI** $110B · Mar 2026](https://millionrounds.com/company/openai)[**Databricks** $5.0B · Dec 2025](https://millionrounds.com/company/databricks)[**Mistral** $1.0B · Jul 2025](https://millionrounds.com/company/mistral)[**xAI** $6.0B · Dec 2024](https://millionrounds.com/company/xai)

## Quick answers about MGX

### What does MGX invest in?

MGX invests most often at Growth and Debt (73% of the rounds on record), in sectors such as Investment Management.

### How active is MGX?

14 investments on record, 6 of them in the last 12 months, and it led 4. The most recent was in May 2026.

### What has MGX invested in recently?

Its most recent investments on record: Isomorphic Labs (Series B, May 2026), Anthropic (Series H, May 2026) and OpenAI (Growth, Mar 2026).

### How big are MGX's cheques?

The median round it joins is $4.3B.

### Does MGX lead rounds?

Yes: it led 4 of its 14 investments on record (29%).

### Where does MGX invest?

Most of the companies it backs are in the United States (79%), the United Kingdom (7%) and France (7%).

### Is MGX investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does MGX invest alongside?

Most often Fidelity (6 rounds together), NVIDIA (6 rounds together) and Andreessen Horowitz (5 rounds together).

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