Valor Equity Partners

Antonio Gracias's Chicago operational-growth firm; ~$55B AUM, longtime SpaceX/Tesla/xAI backer, $2.35B Fund VI.

VC Growth 📍 Chicago, IL Founded 1995

AUM

$55B

as of 2025-Q4

LARGE

Valor Equity Partners was founded in Chicago in 1995 by Antonio Gracias, who serves as CEO and CIO and was a Tesla director from 2007 to 2021. The firm pioneered 'operational growth' investing with an in-house Scale Group, backing high-growth technology companies across stages; its flagship Fund VI closed at $2.35B in August 2024 with initial investments in SpaceX, WEKA, xAI and Zipline, alongside Valor Siren Ventures (venture) and the Valor Opportunity Fund (later stage). AUM was approximately $55B as of December 31, 2025.

Firm Profile

Firm Type

Subtype

Growth

Founded

1995

Chicago, IL

Country

USA

Active Fund

Valor Equity Partners VI ($2.4B) · 2024

Notable Partners

Antonio GraciasJuan SabaterJonathan ShulkinChristopher Cavoli

Portfolio Companies (8)

andurilSpaceXxAITeslaweka zipline addepar gopuff

Investment Focus

Stages

Series B · Series C · Growth · Late-stage

Sectors

AI · Space · Defense · Deep Tech · Consumer

VCGrowthSJ Top 100

Investor data reflects publicly disclosed AUM, fund sizes, and portfolio holdings as of 2025-Q4. Refreshed periodically.