The firm, Vy Capital, has committed $700 million to help Musk finance his proposed $44 billion takeover of social network Twitter, which remains far from a done deal as the company and Tesla founder continue to quibble over issues surrounding bots and fake accounts and a fair price for the deal.
Search less. Close more.
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
If it goes through, the deal would once again make Twitter a private company. It would be one of the largest leveraged buyouts in history.
Bloomberg tapped filings and other sources to try to paint a clearer picture of Vy Capital, which is the third-largest outside investor in the Twitter deal. Here are five things to know about the firm:
1) Vy’s founder is Alexander Tamas. The secretive investor previously worked closely with Russian-Israeli billionaire Yuri Milner, according to Bloomberg. Before that, he apparently worked on technology deals for Goldman Sachs in London. Tamas founded Vy in 2013 with Mateusz Szeszkowski, a former Goldman colleague.
3) Vy has backed several other Musk ventures. The firm was a lead investor in the $675 million Series C for Musk’s tunnel-digging venture, The Boring Co. in April, per Crunchbase. It also last year led the $205 million Series C investment for Neuralink, Musk’s startup working on a computer-brain interface.
4) Vy’s assets under management have more than doubled since 2020, to $5 billion, according to sources and filings reviewed by Bloomberg. The company reportedly has about $1 billion ready to deploy. Non-Musk companies the firm has backed in the past year, according to Crunchbase, include insuretech startup Counterpart and fintech company Upgrade.
5) The firm maintains a minimal public and digital presence and seems to have only a couple dozen employees, who are spread out around the world, Bloomberg reported.
Illustration: Dom Guzman
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.