XN
XN is a New York-based private investment firm founded in 2018 that invests across public and private equity at multiple stages, with recent activity spanning AI (Anthropic), aerospace and defense (Ursa Major Technologies), and industrial robotics (Gecko Robotics).
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What XN does
XN is a private investment firm founded in 2018 and headquartered in New York that deploys capital across public and private equity at multiple stages of company development. The firm's observed activity is concentrated in late-stage venture rounds in deep-technology sectors, including co-leading Anthropic's $65 billion Series H in May 2026 alongside Altimeter, Sequoia, Coatue, GIC, Iconiq, and other tier-one investors; participating in Ursa Major Technologies' $100 million Series E (with $50 million in additional debt) in November 2025 to back hypersonic propulsion and space mobility systems; and investing in Gecko Robotics' $125 million Series D in June 2025, which valued the infrastructure-inspection robotics company at $1.25 billion.
The firm operates with a lean team of 11–50 employees under founder and CEO Gaurav Kapadia. Notably, XN's corporate website (xnventures.com) is currently a parked GoDaddy domain, indicating limited public-facing operations or marketing infrastructure at present. No product, technology platform, pricing model, customer base, or revenue disclosure is available in the source materials, consistent with its identity as a private investment vehicle rather than an operating company.
XN's revenue model, business mechanics, and LP base are not publicly disclosed. Inference from observed deal sizes suggests the firm manages meaningful committed capital — sufficient to co-lead a $65 billion round — implying traditional venture fund economics (management fees on committed capital plus carried interest on realized gains), but no AUM, vintage, or fee-rate figures are available. The investment cadence across AI, aerospace/defense, and industrial robotics suggests a thesis-driven allocation strategy rather than a single-sector focus.
XN firmographics
Firmographics- Name
- XN
- Website
- https://xnventures.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- XN is a New York-based private investment firm founded in 2018 that invests across public and private equity at multiple stages, with recent activity spanning AI (Anthropic), aerospace and defense (Ursa Major Technologies), and industrial robotics (Gecko Robotics).
- Ownership category
- akta.pro rank
XN industry classification
Industry- Product category
- Venture Capital and Private Equity
- NAICS
- Miscellaneous Financial Investment Activities (523999)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK)
Keywords
Where XN is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
XN business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
XN product offering
Product offeringCore offering
XN is a private investment firm that deploys capital into public and private equity investments across stages of company development. The firm's documented activity focuses on late-stage technology financings, including co-leading Anthropic's $65 billion Series H at a $965 billion valuation, and participating in Ursa Major Technologies' Series E ($100 million) and Gecko Robotics' Series D ($125 million) rounds.
Differentiator
Problem solved
Functional benefit
Products and services
- Private and public equity investment services
Companies that use XN
Customer profileIdeal customer profiles1 record
XN technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
XN partnerships and signals
Strategic signalScale indicators4 records
Expansion highlights4 records
XN competitors and assessment
Company assessmentDirect peers
- Sequoia Capital: Tier-1 venture capital firm co-investing with XN in Anthropic's Series H. Directly comparable as a late-stage lead investor with similar deal flow across AI and frontier tech.
- Altimeter Capital: Growth-stage investment firm that co-led the same Anthropic Series H alongside XN. Comparable in late-stage technology investing and syndicated mega-round participation.
- Coatue Management: Technology-focused investment firm co-investing with XN in Anthropic. Comparable as a public-and-private crossover investor in high-growth technology companies.
- Dragoneer Investment Group: Late-stage growth investor co-investing with XN in Anthropic's Series H. Directly comparable in growth equity and large-cap technology follow-on rounds.
- Greenoaks Capital Management: Concentrated technology investor co-investing alongside XN in Anthropic. Comparable as a thesis-driven, large-check late-stage investor.
- Iconiq Capital: Multi-strategy investment firm co-investing with XN in Anthropic's Series H. Comparable in late-stage private growth investing across technology.
- D1 Capital Partners: Crossover investor in public and private technology co-investing with XN in Anthropic. Comparable mandate and stage focus.
- Andreessen Horowitz (a16z): Major venture capital firm with broad late-stage technology exposure. Comparable as a high-profile technology investor across stages and themes including AI.
- Insight Partners: Large-cap growth and late-stage technology investor. Comparable in scale, stage focus, and co-investment activity in mega-rounds.
Broad incumbents
- GIC (Singapore Sovereign Wealth Fund): Sovereign wealth investor in Anthropic alongside XN. Comparable as a long-duration capital provider in late-stage technology, though broader in mandate and asset classes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights4 records
Customer concentration
XN social profiles
Digital presenceXN financial estimates
Financial estimateRevenue estimate
Valuation estimate
XN leadership team
Management profileNumber of profiles
Profiles1 record
XN funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XN M&A and investment
M&A and investmentM&A
Investments38 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XN
What does XN do?
XN is a private investment firm that deploys capital into public and private equity investments across stages of company development. The firm's documented activity focuses on late-stage technology financings, including co-leading Anthropic's $65 billion Series H at a $965 billion valuation, and participating in Ursa Major Technologies' Series E ($100 million) and Gecko Robotics' Series D ($125 million) rounds.
Is XN a public or private company?
XN is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was XN founded?
XN was founded in 2018. It employs 11 to 50 people.
Where is XN based?
XN is headquartered in New York, United States, in the North America region.
Who are XN's main competitors?
Direct peers on record are Sequoia Capital, Altimeter Capital, Coatue Management, Dragoneer Investment Group, Greenoaks Capital Management, Iconiq Capital, D1 Capital Partners, Andreessen Horowitz (a16z) and Insight Partners. GIC (Singapore Sovereign Wealth Fund) is listed as a broad incumbent.
Does XN have an API?
No public API is recorded for XN.
What industry is XN in?
XN's product category is Venture Capital and Private Equity. Its primary akta.pro industry code is FSANAGAK, Co-Investment / Direct Allocation Platforms (alongside FoF). Its NAICS code is 523999 and its SIC code is 6799.