Venture capital firm
Valor portfolio
valorep.comValor is a venture capital firm based in Chicago, United States, founded in 2001. It has invested in 143 venture-backed companies across 196 funding rounds on VCMC, and led 63 of those rounds. 33 of them were in the last 12 months.
143
Venture-backed companies
in its portfolio on VCMC
196
Funding rounds
led 63
33
Last 12 months
rounds, Oct 2025 to Sep 2026
47
With a disclosed valuation
of 143 companies
$342.3B
Combined value of its private companies
the whole companies, not what Valor owns
136 private companies Valor has backed have a VCMC valuation; together they are worth $342.3B. That is the value of the whole companies, not what Valor owns. Anduril is 20% of the total. 7 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Valor's most valuable portfolio companies
The 10 most valuable private companies Valor has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anduril Aerospace and Defence, Costa Mesa $68.6B range $53.0B – $91.2B Led at Series C, 2020
- 2 Crusoe Hosting & Cloud Infrastructure Providers, Denver $31.7B range $26.9B – $46.2B Led at Series B, 2021
- 3 The Boring Company Construction Services, Las Vegas $23.8B range $20.0B – $35.0B Joined at Series C, 2022
- 4 ElevenLabs Tech Companies, London $22.1B range $19.1B – $27.8B Joined at Series C, 2025
- 5 Polymarket Cryptocurrency, New York $21.4B range $18.3B – $26.6B Joined at Growth, 2025
- 6 Base Power Utility companies, Austin $13.8B range $11.3B – $19.4B Led at Series B, 2025
- 7 Solar Energy Company, London $13.8B range $11.3B – $19.4B Led at Series A, 2024
- 8 Neuralink Medical Supply Manufacturers, Fremont $13.1B range $8.1B – $15.1B Joined at Series C, 2021
- 9 Gopuff Groceries, Philadelphia $9.4B range $7.4B – $10.9B Led at Growth, 2025
- 10 Zipline Airline Companies, South San Francisco $8.9B range $6.6B – $11.4B Led at Series H+, 2026
Portfolio
Full Valor portfolio (143 companies)
143 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Decart Tech Companies · since Growth, 2026 | Growth Equity May 2026 $300M | $4.2B | $3.5B – $5.3B | $4.6B (+8%) | $411M | 0% | 141 | growing | A | |
| 2 | Anduril Aerospace and Defence · led at Series C, 2020 | Series H May 2026 $5.00B | $68.6B | $53.0B – $91.2B | $79.3B (+16%) | $8.7B | 0% | 9,860 | growing | A | |
| 3 | Crusoe Hosting & Cloud Infrastructure Providers · led at Series B, 2021 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 4 | Redwood Materials Batteries · since Series C, 2021 | Series E Jan 2026 $425M | $6.5B | $5.2B – $7.7B | $6.0B (-8%) | $844M | 54% | 760 | flat | A | |
| 5 | Gopuff Groceries · led at Growth, 2025 | Growth Equity Nov 2025 $250M | $9.4B | $7.4B – $10.9B | $9.4B (+1%) | $849M | 0% | 3,750 | flat | A | |
| 6 | The Boring Company Construction Services · since Series C, 2022 | Series D Sep 2026 $3.00B | $23.8B | $20.0B – $35.0B | $30.4B (+28%) | $3.3B | 0% | 800 | up | A | |
| 7 | Polymarket Cryptocurrency · since Growth, 2025 | Growth Equity Aug 2026 $1.00B | $21.4B | $18.3B – $26.6B | $23.1B (+8%) | $2.1B | 0% | 342 | growing | A | |
| 8 | Base Power Utility companies · led at Series B, 2025 | Series D Aug 2026 $1.00B | $13.8B | $11.3B – $19.4B | $16.9B (+23%) | $1.9B | 0% | 486 | growing | A | |
| 9 | Zipline Airline Companies · led at Series H+, 2026 | Series H Mar 2026 $800M | $8.9B | $6.6B – $11.4B | $9.9B (+11%) | $1.1B | 0% | 1,662 | unknown | A | |
| 10 | Hadrian Aerospace and Defence · led at Series D, 2026 | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 11 | Valar Atomics Electric Supplies & Power Generation · since Series B, 2026 | Debt Aug 2026 $200M | $6.6B | $5.2B – $10.4B | $9.0B (+37%) | $990M | 0% | 165 | growing | B | |
| 12 | Neuralink Medical Supply Manufacturers · since Series C, 2021 | Series E Jun 2025 $650M | $13.1B | $8.1B – $15.1B | $13.1B (0%) | $1.4B | 0% | 672 | up | B | |
| 13 | Positron Device Manufacturing · led at Seed, 2025 | Series C Sep 2026 $875M | $5.2B | $4.3B – $7.5B | $6.5B (+26%) | $715M | 0% | 100 | growing | A | |
| 14 | Dataminr Tech Companies · since Series E, 2018 | Growth Equity Mar 2025 $85M | $1.0B | $512M – $1.6B | $951M (-6%) | $96.6M | 18% | 882 | up | B | |
| 15 | ElevenLabs Tech Companies · since Series C, 2025 | Growth Equity Sep 2026 $300M | $22.1B | $19.1B – $27.8B | $24.2B (+9%) | $2.4B | 0% | 1,425 | growing | A | |
| 16 | Impulse Space Aerospace and Defence · since Series C, 2025 | Series D Jun 2026 $500M | $4.9B | $3.7B – $6.9B | $6.0B (+23%) | $664M | 0% | 554 | growing | B | |
| 17 | CHAOS Industries Aerospace and Defence · led at Series C, 2025 | Series D Nov 2025 $510M | $6.9B | $3.9B – $8.1B | $7.1B (+3%) | $778M | 0% | 334 | growing | B | |
| 18 | Addepar Tech Companies · led at Series C, 2014 | Series G May 2025 $230M | $4.4B | $2.7B – $5.1B | $4.4B (0%) | $483M | 0% | 1,506 | up | B | |
| 19 | Coalition Insurance - Agents, Carriers & Brokers · led at Series A, 2018 | Series F Jul 2022 $250M | $2.8B | $573M – $8.3B | $2.4B (-13%) | $845M | 47% | 706 | flat | D | |
| 20 | NewLimit Biotechnology · since Series B, 2025 | Series C Jun 2026 $435M | $3.5B | $2.7B – $4.9B | $4.2B (+21%) | $464M | 0% | 64 | growing | A | |
| 21 | Kyte Car Rental · since Series B, 2022 | Debt Mar 2024 $250M | $101M | $37.4M – $613M | $62.9M (-37%) | $54.6M | 97% | 102 | down | D | |
| 22 | Armada Tech Companies · since Growth, 2023 | Series B May 2026 $230M | $2.4B | $1.7B – $3.5B | $3.1B (+28%) | $339M | 0% | 667 | growing | B | |
| 23 | Lilac Chemicals · since Series B, 2021 | Grant Aug 2026 $100M | $464M | $285M – $832M | $541M (+17%) | $62.1M | 12% | 209 | flat | B | |
| 24 | Tech Companies · led at Series B, 2020 | Series C Jul 2021 $113M | $81.6M | $38.8M – $295M | $72.1M (-12%) | $78.8M | 97% | 22 | shrinking | D | |
| 25 | Tech Companies · since Series B, 2026 | Series B Feb 2026 $70M | $695M | $369M – $1.1B | $786M (+13%) | $86.5M | 0% | 123 | up | B | |
| 26 | Tech Companies · led at Series B, 2026 | Series B Sep 2026 $50M | $770M | $652M – $1.3B | $1.1B (+46%) | $135M | 0% | 34 | growing | B | |
| 27 | Tech Companies · led at Series C, 2019 | Acquisition Jun 2023 $200M | $507M acquired 2023 | $180M – $720M | – | – | 0% | 420 | up | C | |
| 28 | Tech Companies · since Series C, 2025 | Series C Sep 2025 $60M | $520M | $440M – $630M | $315M (-40%) | $73.5M | 97% | 83 | shrinking | A | |
| 29 | Tech Companies · since Series A, 2022 | Series A Feb 2022 $60M | $60.2M | $18.5M – $581M | $56.9M (-5%) | $75.8M | 97% | 27 | down | D | |
| 30 | Tech Companies · led at Series B, 2019 | Other Feb 2021 $15M | $48.3M | $14.1M – $109M | $48.3M (0%) | $35.4M | 70% | 11 | shrinking | D | |
| 31 | Tech Companies · led at Series A, 2023 | Series B Feb 2025 $28M | $297M | $99.3M – $422M | $297M (0%) | $32.7M | 0% | 72 | flat | C | |
| 32 | Tech Companies · since Series B, 2023 | Series B Nov 2023 $20M | $179M | $52.9M – $341M | $145M (-19%) | $24.7M | 23% | 116 | up | C | |
| 33 | Tech Companies · led at Series A, 2026 | Series A Aug 2026 $31M | $144M | $90.3M – $327M | $231M (+60%) | $32.3M | 0% | 21 | growing | C | |
| 34 | Tech Companies · since Series B, 2021 | Series B Jun 2021 $35M | $3.33M | $0 – $3.33M | $3.33M (0%) | – | 100% | 1,068 | up | dead | |
| 35 | Tech Companies · since Series A, 2026 | Series A May 2026 $32M | $236M | $121M – $506M | $333M (+41%) | $46.6M | 0% | 25 | growing | C | |
| 36 | Insurance - Agents, Carriers & Brokers · since Series A, 2021 | Series A Nov 2021 $25M | $92.9M | $7.67M – $227M | $88.7M (-5%) | $27.4M | 30% | 23 | flat | D | |
| 37 | Aerospace and Defence · since Series A, 2026 | Series A Jul 2026 $18M | $129M | $81.1M – $294M | $207M (+60%) | $29.0M | 0% | 22 | up | C | |
| 38 | Tech Companies · since Series B, 2022 | Series B May 2022 $25M | $164M | $13.5M – $368M | $158M (-4%) | $29.5M | 20% | 58 | unknown | D | |
| 39 | Tech Companies · led at Series A, 2021 | Series B Jul 2022 $16M | $83.0M | $11.5M – $258M | $75.5M (-9%) | $19.5M | 58% | 129 | flat | D | |
| 40 | Software Development Services · since Series A, 2022 | Series A Dec 2022 $15M | $44.8M | $9.70M – $161M | $34.6M (-23%) | $20.8M | 62% | 56 | flat | D | |
| 41 | Tech Companies · led at Series B, 2022 | Acquisition Dec 2023 $4.4M | $146M acquired 2023 | $62.8M – $249M | – | – | 53% | 39 | flat | C | |
| 42 | Tech Companies · since Series A, 2022 | Series A Apr 2022 $15M | $31.4M | $5.74M – $141M | $28.0M (-11%) | $18.0M | 64% | 16 | flat | D | |
| 43 | Tech Companies · since Seed, 2025 | Seed May 2025 $18M | $222M | $80.9M – $353M | $208M (-7%) | $45.2M | 14% | 28 | growing | C | |
| 44 | Tech Companies · led at Series A, 2022 | Series A Apr 2022 $15M | $47.3M | $7.39M – $205M | $42.5M (-10%) | $24.6M | 60% | 33 | flat | D | |
| 45 | Tech Companies · since Series A, 2021 | Series A Mar 2021 $12M | $46.6M | $4.38M – $136M | $41.5M (-11%) | $16.8M | 36% | 67 | flat | D | |
| 46 | Tech Companies · since Series A, 2022 | Series A Jul 2022 $11M | $72.0M | $7.33M – $165M | $67.3M (-6%) | $16.6M | 13% | 17 | up | D | |
| 47 | Tech Companies · led at Series A, 2020 | Series A May 2020 $6.5M | $17.8M | $2.27M – $61.0M | $17.5M (-2%) | $8.13M | 57% | 21 | down | D | |
| 48 | Tech Companies · since Pre-seed, 2023 | Pre-Seed Jul 2023 $6.0M | $10.5M | $5.77M – $26.7M | $6.84M (-35%) | $14.5M | 97% | 6 | shrinking | C | |
| 49 | Tech Companies · since Series A, 2018 | Series A Jul 2018 $5.8M | $33.5M | $2.12M – $85.9M | $32.9M (-2%) | $8.12M | 34% | 63 | flat | D | |
| 50 | Tech Companies · since Seed, 2024 | Seed Aug 2024 $5.5M | $20.6M | $12.1M – $38.5M | $11.4M (-45%) | $13.7M | 97% | 7 | shrinking | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Valor invests: stages, industries and countries
Most of its rounds are Series C and later (41%). Its companies span 50 industries, most in Tech Companies, Aerospace and Defence and Biotechnology, across 6 countries.
Rounds by stage
- Pre-seed 2
- Seed 21
- Series A 43
- Series B 50
- Series C and later 80
Investments by industry
- Tech Companies 57
- Aerospace and Defence 7
- Biotechnology 4
- Device Manufacturing 4
- Insurance - Agents, Carriers & Brokers 4
- Medical Supply Manufacturers 4
- Software Development Services 4
- Chemicals 3
Investments by country
- United States 131
- United Kingdom 5
- Israel 3
- Canada 2
- Germany 1
- India 1
Recent rounds
Valor's latest investments
Valor's most recent funding rounds, newest first. 33 rounds in the last 12 months.
- Growth $250M 7 Oct 2026
- Series B, led $50M 30 Sep 2026
- Crusoe Series F, led $3.90B 17 Sep 2026
- Positron Series C, led $875M 10 Sep 2026
- The Boring Company Series D $3.00B 9 Sep 2026
- Series C $250M 11 Aug 2026
- Series A, led $31M 11 Aug 2026
- Hadrian Series D, led $1.37B 6 Aug 2026
- Base Power Series D, led $1.00B 3 Aug 2026
- Series D, led $1.00B 3 Aug 2026
Co-investors
Valor's top co-investors
The investors that most often join the same rounds as Valor. Atreides Management leads, with 31 rounds together.
- Atreides Management 31 rounds together
- Founders Fund 21 rounds together
- Andreessen Horowitz 15 rounds together
- Lightspeed Venture Partners 11 rounds together
- Ribbit 11 rounds together
- Lowercarbon Capital 11 rounds together
- Sequoia Capital 10 rounds together
- Craft Ventures 10 rounds together
- Thrive Capital 10 rounds together
- DFJ Growth 9 rounds together
About
About Valor
Valor Management LLC is an American private investment firm that provides operational growth services and investment advisory services to technology and technology-enabled companies. The firm’s activities include supply chain optimization, data science applications, and talent development, as well as supporting portfolio companies through strategic and operational planning. Valor serves clients in sectors such as biosciences, transportation, food, health and wellness, and manufacturing, and operates from offices in Chicago, New York, Palo Alto, Seattle, and Miami.
Description from Veridion's company data.
- Founded
- 2001
- Based in
- Chicago, United States
- Team
- 136 people, +15% in a year
- Type
- Venture capital firm
Focus markets
- Biosciences
- Transportation
- Food and Beverage
- Health and Wellness
- Industrial
- Consumer Goods
- Manufacturing
What Valor offers
- Private Equity Investment Services
- Operational Growth Advisory Services
- Supply Chain Optimization Services
- Data Science Application Services
- Talent Development Services
- Investment Advisory Services
- Portfolio Company Strategic Planning Services
- Industry-Specific Investment Research Services
Questions
Valor: frequently asked questions
How many companies has Valor invested in?
143 venture-backed companies on VCMC, across 196 funding rounds.
What are Valor's most valuable private companies?
Anduril ($68.6B), Crusoe ($31.7B), The Boring Company ($23.8B), by VCMC's valuation.
What was Valor's latest investment?
Atomic Machines, a Growth round in Oct 2026 of $250M.
Which stages does Valor invest in?
Valor invests most often at Series C and later (80 rounds), followed by Series B (50) and Series A (43). It has also joined 21 seed and 2 pre-seed rounds.
What is Valor's portfolio worth?
Its private companies with a VCMC valuation are worth $342.3B together. That is the sum of the companies' values, not what Valor owns.
Who does Valor invest alongside?
Atreides Management (31 rounds), Founders Fund (21 rounds), Andreessen Horowitz (15 rounds).