# XN: portfolio, investments and team

> XN is a vc firm. 8 investments on record, 2 in the last 12 months, latest May 2026. Portfolio, stages, co-investors and team.

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

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

# XN

Last cheque observed May 2026; 8 cheques on record.

Email

VC firm Deploying now

Series D Series E Growth Autonomous Vehicles Cloud Data Services Data Center

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Deploying now

**40%** of best year **2** **cheques in 12 months**, 8 on record

Since the last cheque **171** days **00** hrs **00** min **00** sec

Median round **$116M** Rounds led **1 of 8** Mostly in **United States, 100%**

Pitch XN

## XN highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series D and Series E: 50% of its rounds
- 03 Led 1 rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Autonomous Vehicles Cloud Data Services Data Center
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **8 appearances**

- **2026** 2 rounds
- **May** **[Sigma](https://millionrounds.com/company/sigma)** Growth · US · Ventureburn **$80M** With 11 others
- **May** **[Anthropic](https://millionrounds.com/company/anthropic)** Series H · US · Google News search **$65B** *Led*
- **2025** 4 rounds
- **Sept** **[Anthropic](https://millionrounds.com/company/anthropic)** Series F · US · Crunchbase News **$13B** With 21 others
- **Aug** **[Nuro](https://millionrounds.com/company/nuro)** Series E · US · Crunchbase News **$203M** With 10 others
- **Jun** **[Gecko Robotics](https://millionrounds.com/company/gecko-robotics)** Series D · US · TechStartups **$125M** With 4 others
- **Apr** **[Nuro](https://millionrounds.com/company/nuro)** Series E · US · Crunchbase News **$106M** With 4 others
- **2024** 1 round
- **Dec** **[Amp Robotics](https://millionrounds.com/company/amp-robotics)** Series D · US · TechCrunch **$91M** With 11 others
- **2018** 1 round
- **Aug** **[Bellwether Coffee](https://millionrounds.com/company/bellwether-coffee)** Series A · US · TechCrunch **$10M** With 7 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 **4 named**

DB **David Brian Bronstein** President i Form ADV

GK **Gaurav Kirit Kapadia** Founder & Chief Executive Officer, Limited Partner i Form ADV

KC **Kristen Carroll Masino** Chief Financial Officer i Form ADV

TL **Thomas Loughlin O'Grady** General Counsel and Chief Compliance Officer i Form ADV

We also hold **4** 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

**$7.4B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** XN LP
- **SEC number:** CRD 308156

Funds on its Form ADV

**10** private funds, **$3.5B** in gross assets · filed Nov 2024

Private equity **6** Hedge **4**

- XN Exponent Master Fund L.P. *Hedge* 175 investors $2.8B
- XN Opportunities L.P. *Hedge* 3 investors $193M
- XN Vector Master Fund L.P. *Hedge* 11 investors $189M
- XN Opportunities II L.P. *Private equity* 7 investors $175M
- XN Opportunities VI L.P. *Private equity* 12 investors $36M
- XN Exponent SPV L.P. *Hedge* 81 investors $27M
- XN Opportunities I L.P. *Private equity* 16 investors $25M
- XN Opportunities V L.P. *Private equity* 6 investors $25M
- XN Opportunities IV L.P. *Private equity* 2 investors $25M
- XN Opportunities III L.P. *Private equity* 3 investors $2.9M

## The cheque

Series D Series E Growth

Median round joined **$116M** the round, not its cheque

Led 1 of 8 rounds **13%**

- **Sole investor:** Never alone
- **Last cheque:** May 2026

Rounds by stage said on their site

- Series D *2*
- Series E *2*
- Growth *1*
- Series A *1*
- Series F *1*
- Series H *1*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Fidelity](https://millionrounds.com/fund/fidelity) 4
- [Altimeter](https://millionrounds.com/fund/altimeter-capital) 3
- [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) 3
- [D1 Capital Partners](https://millionrounds.com/fund/d1-capital-partners) 3
- [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) 3
- [Blackstone Group](https://millionrounds.com/fund/blackstone-group) 2

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

[**Fidelity** VC firm **4** rounds together](https://millionrounds.com/fund/fidelity)[**Altimeter** VC firm **3** rounds together](https://millionrounds.com/fund/altimeter-capital)[**Baillie Gifford** Asset manager **3** rounds together](https://millionrounds.com/fund/baillie-gifford)[**D1 Capital Partners** Hedge fund **3** rounds together](https://millionrounds.com/fund/d1-capital-partners)[**T. Rowe Price** Private equity **3** rounds together](https://millionrounds.com/fund/t-rowe-price)[**Blackstone Group** Private equity **2** rounds together](https://millionrounds.com/fund/blackstone-group)[**Coatue** VC firm **2** rounds together](https://millionrounds.com/fund/coatue-management)[**Congruent Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/congruent-ventures)[**GIC** Private equity **2** rounds together](https://millionrounds.com/fund/gic)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Greylock** VC firm **2** rounds together](https://millionrounds.com/fund/greylock-partners)[**ICONIQ Capital** Family office **2** rounds together](https://millionrounds.com/fund/iconiq-capital)

## Recently backed

The latest companies XN put money into.

[**Sigma** $80M · May 2026](https://millionrounds.com/company/sigma)[**Anthropic** $65B · May 2026](https://millionrounds.com/company/anthropic)[**Nuro** $203M · Aug 2025](https://millionrounds.com/company/nuro)[**Gecko Robotics** $125M · Jun 2025](https://millionrounds.com/company/gecko-robotics)[**Amp Robotics** $91M · Dec 2024](https://millionrounds.com/company/amp-robotics)

## Quick answers about XN

### What does XN invest in?

XN invests most often at Series D and Series E (50% of the rounds on record), in sectors such as Autonomous Vehicles, Cloud Data Services and Data Center.

### How active is XN?

8 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in May 2026.

### What has XN invested in recently?

Its most recent investments on record: Sigma (Growth, May 2026), Anthropic (Series H, May 2026) and Nuro (Series E, Aug 2025).

### How big are XN's cheques?

The median round it joins is $116M.

### Does XN lead rounds?

Sometimes: it led 1 of its 8 investments on record (13%).

### Where does XN invest?

Most of the companies it backs are in the United States (100%).

### Is XN investing now?

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

### Who does XN invest alongside?

Most often Fidelity (4 rounds together), Altimeter (3 rounds together) and Baillie Gifford (3 rounds together).

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