# Vy Capital: portfolio, investments and team

> Vy Capital is a vc firm based in United Arab Emirates. 20 investments on record, 2 in the last 12 months, latest Sept 2026.

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

United Arab Emirates · [Investor](https://millionrounds.com/investors)

# Vy Capital

Last cheque observed Sep 2026; 20 cheques on record.

Email

Deploying now New fund $973M, Sept 2020 VC firm

Pre-seed Seed Series A Retail Enterprise Productivity Tools

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 20 on record

Since the last cheque **51** days **00** hrs **00** min **00** sec

Median round **$119M** Rounds led **2 of 20** Exits **1 from the portfolio** Mostly in **United States, 53%**

Pitch Vy Capital

## Vy Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series C and Series E: 71% of its rounds
- 03 Led 2 rounds
- 04 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** Retail Enterprise Productivity Tools
- **Based in:** Dubai, United Arab Emirates
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **20 appearances**

- **2026** 2 rounds
- **Sept** **[The Boring Co.](https://millionrounds.com/company/the-boring-co)** Growth · US · Google News search **$3.0B** With 8 others
- **May** **[Counterpart](https://millionrounds.com/company/counterpart)** Series C · US · Ventureburn **$50M** With 3 others
- **2025** 1 round
- **Jun** **[Neuralink](https://millionrounds.com/company/neuralink)** Series E · US · Crunchbase News **$650M** With 13 others
- **2024** 1 round
- **Dec** **[xAI](https://millionrounds.com/company/xai)** Series C · US · TechCrunch **$6.0B** With 13 others
- **2021** 1 round
- **Jul** **[Neuralink](https://millionrounds.com/company/neuralink)** Series C · US · Firms' own news pages **$205M** *Led*
- **2019** 2 rounds
- **Aug** **[UrbanClap](https://millionrounds.com/company/urbanclap)** Series E · IN · TechCrunch **$75M** With 2 others
- **Jul** **[The Boring Company](https://millionrounds.com/company/the-boring-company)** US · TechCrunch **$120M** With 4 others
- **2017** 2 rounds
- **Jul** **[UpKeep](https://millionrounds.com/company/upkeep)** US · FinSMEs **$2.7M** With 8 others
- **Feb** **[Scytl](https://millionrounds.com/company/scytl)** ES · FinSMEs **$13M** With 7 others
- **2016** 2 rounds
- **Nov** **[Student.com](https://millionrounds.com/company/student-com)** **$60M** *Led*
- **Jan** **[OfferUp](https://millionrounds.com/company/offerup)** **$119M** With 25 others
- **2015** 3 rounds
- **Sept** **[Zomato](https://millionrounds.com/company/zomato)** Series G · IN **$60M** With 1 other
- **Apr** **[Zomato](https://millionrounds.com/company/zomato)** Series F · IN **$50M** With 2 others
- **Mar** **[OfferUp](https://millionrounds.com/company/offerup)** Series C · US **$73M** With 6 others
- **2014** 6 rounds
- **Dec** **[nice](https://millionrounds.com/company/nice)** Series C **$36M** With 2 others
- **Nov** **[Zomato](https://millionrounds.com/company/zomato)** Series E · IN **$60M** With 2 others
- **Oct** **[Koudai](https://millionrounds.com/company/koudai)** Series C · CN **$350M** With 5 others
- **Aug** **[Scytl](https://millionrounds.com/company/scytl)** Series C · ES **$44M** With 2 others
- **Jul** **[nice](https://millionrounds.com/company/nice)** Series B · CN **$20M** With 2 others
- **Jul** **[HZO](https://millionrounds.com/company/hzo)** Series B · US **$20M** With 4 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.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **12 named**

AT **Alexander Tamas** Chief Executive Officer i Form ADV

CM **Campbell M. Wilson** Director i Filing they signed

CR **Chad Ryan Morgan** Director i Filing they signed

CT **Cuifang Tracy Ma** Director i Filing they signed

DL **Dan Li** Director i Filing they signed

DR **Daniel Reto Schwarz** Director and Chief Operating Officer i Form ADV

HN **Hugh Norman Wrigley** Director i Filing they signed

JH **Jing Hong** Director i Filing they signed

KL **Katja Lake** Chief Financial Officer and Director i Form ADV

LZ **Lei Zhang** Director i Filing they signed

RA **Richard Adam Hornung** Director i Filing they signed

XW **Xiaoning Wu** Director i Filing they signed

We also hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

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

**$26B** gross assets of its funds Oct 2026

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

- **Legal name:** VY Capital Management Company Limited
- **SEC number:** CRD 171768

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[NICE](https://millionrounds.com/company/nice)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Feb 2016

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$973M**

raised in Sept 2020

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

## The cheque

Pre-seed Seed Series A

Median round joined **$119M** the round, not its cheque

Led 2 of 20 rounds **10%**

- **Sole investor:** Never alone
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series C *7*
- Series E *3*
- Series B said *2*
- Growth said *1*
- Series F *1*
- Pre-seed said *-*
- Seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 5
- [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) 5
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 4
- [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) 4
- [Craft Ventures](https://millionrounds.com/fund/craft-ventures) 3
- [DFJ](https://millionrounds.com/fund/dfj) 3

**Pitching Vy Capital?** 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 Vy Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Sequoia Capital** VC firm **5** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Valor Equity Partners** VC firm **5** rounds together](https://millionrounds.com/fund/valor-equity-partners)[**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Tiger Global Management** VC firm **4** rounds together](https://millionrounds.com/fund/tiger-global-management)[**Craft Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/craft-ventures)[**DFJ** VC firm **3** rounds together](https://millionrounds.com/fund/dfj)[**Founders Fund** VC firm **3** rounds together](https://millionrounds.com/fund/founders-fund)[**Adams Street Partners** VC firm **2** rounds together](https://millionrounds.com/fund/adams-street-partners)[**Allen & Company** Wealth manager **2** rounds together](https://millionrounds.com/fund/allen-and-company)[**Coatue** VC firm **2** rounds together](https://millionrounds.com/fund/coatue-management)[**Human Capital** VC firm **2** rounds together](https://millionrounds.com/fund/human-capital)[**Industry Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/industry-ventures)

## Recently backed

The latest companies Vy Capital put money into.

[**Counterpart** $50M · May 2026](https://millionrounds.com/company/counterpart)[**Neuralink** $650M · Jun 2025](https://millionrounds.com/company/neuralink)[**xAI** $6.0B · Dec 2024](https://millionrounds.com/company/xai)[**The Boring Company** $120M · Jul 2019](https://millionrounds.com/company/the-boring-company)[**UpKeep** $2.7M · Jul 2017](https://millionrounds.com/company/upkeep)[**Scytl** $13M · Feb 2017](https://millionrounds.com/company/scytl)

## Quick answers about Vy Capital

### What does Vy Capital invest in?

Vy Capital invests most often at Series C and Series E (71% of the rounds on record), in sectors such as Retail, Enterprise and Productivity Tools.

### How active is Vy Capital?

20 investments on record, 2 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has Vy Capital invested in recently?

Its most recent investments on record: The Boring Co. (Growth, Sept 2026), Counterpart (Series C, May 2026) and Neuralink (Series E, Jun 2025).

### How big are Vy Capital's cheques?

The median round it joins is $119M.

### Does Vy Capital lead rounds?

Sometimes: it led 2 of its 20 investments on record (10%).

### Where does Vy Capital invest?

Most of the companies it backs are in the United States (53%), India (24%) and Spain (12%).

### Is Vy Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Vy Capital invest alongside?

Most often Sequoia Capital (5 rounds together), Valor Equity Partners (5 rounds together) and Andreessen Horowitz (4 rounds together).

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