Peter Thiel Launches New Venture Firm With $400 Million Under Management

“After seeing Facebook through its initial public offering and concluding his teaching of an undergraduate class at Stanford University this spring, Peter Thiel announced the closure of a funding round on a new investment vehicle.

Late Tuesday in San Francisco, the PayPal cofounder and Facebook’s first professional investorannounced the launch of Mithril Capital Management, a growth-stage venture firm with $402 million under management. Thiel, whose net worth was valued at $1.5 billion by FORBES in March, will serve as chair of the investment committee, which will also feature partners Ajay Royan and Jim O’Neill.”