Private market investments in artificial intelligence

AI Opportunities.Direct Access.Strategic Capital.

Halcyra Capital offers investors access to carefully selected private companies shaping artificial intelligence, one opportunity at a time, with every commitment made at the investor's discretion.

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The opportunity

Much of AI’s value is being built in private companies.

Artificial intelligence now draws a larger share of venture capital than any other sector, and leading technology companies are staying private for longer before they list. As a result, much of the growth of this generation of companies happens before most investors can own them.

~50%of global venture funding went to AI companies in 2025
~12 yrsmedian age of US technology companies at IPO in recent years
~$92Bestimated US venture direct secondary volume in 2025

Halcyra focuses on companies at Series B and later that build core AI technology: foundation models, AI infrastructure and compute, and AI-native products built on proprietary models or data. We do not invest in AI services firms or thin applications on other companies’ models. At this stage, companies typically have products in market, meaningful customers and a technical edge, yet access to their rounds is usually limited to institutions and insiders.

Sources: Crunchbase global venture data (2025); Jay R. Ritter, University of Florida, IPO statistics; PitchBook estimate as reported by IMD (2026). Figures are third-party estimates and are not a prediction of any investment outcome.

Experience
10+Years

Backing AI and infrastructure companies for more than a decade.

Our principals have invested in companies across frontier AI, compute and advanced infrastructure, from model developers to the hardware and systems that power them.

AnthropicFrontier AI models
OpenAIFrontier AI models
PerplexityAI-native search
CerebrasAI compute
NatilusNext-generation aircraft
SpaceXSpace launch and satellite networks
Figure AIHumanoid robotics
RippleBlockchain payments

Selected prior investments made by Halcyra’s principals, including through third-party investment vehicles, before Halcyra’s formation. This is not a complete list, is shown to illustrate sector experience rather than investment performance, and is not indicative of future results. Halcyra is not affiliated with or endorsed by these companies; company names are trademarks of their respective owners.

Our approach

Conviction, alignment and discretion.

Deal-by-deal participation

Each investment is offered individually. Investors commit only to the opportunities they choose, with no blind-pool obligation.

Aligned interests

We invest alongside our investors, and our share of profits is earned only when an investment is profitable.

Disciplined selection

We review a broad set of opportunities and present only those that meet our standards of quality and value.

Long-term relationships

We work with a considered network of investors and founders, and value trust over transaction volume.

Process

How an investment comes together.

Four clear stages, with every commitment made at your discretion.

  1. 01
    Halcyra

    Sourcing and diligence

    We identify Series B+ AI companies raising capital and review the technology, team, market and terms before anything reaches our network.

  2. 02
    Our network

    Private presentation

    Qualified members of our network receive the materials and terms directly, with time to ask questions before deciding.

  3. 03
    Your decision

    Dedicated vehicle

    Investors who choose to participate invest through a vehicle formed for that single company, completed through our secure investor portal.

  4. 04
    Ongoing

    Reporting and distributions

    You receive periodic company updates, annual tax documents and any distributions when the investment is realized.

Questions

Frequently asked questions.

Who can invest with Halcyra?

Our opportunities are available only to accredited investors, as defined by the SEC. For individuals, that generally means income above $200,000 (or $300,000 with a spouse or spousal equivalent) in each of the past two years with the expectation of the same this year, or a net worth above $1 million excluding your primary residence. Holders of Series 7, 65 or 82 licenses in good standing also qualify, as do certain entities. We confirm eligibility before sharing any opportunity.

What is a single-deal vehicle (SPV)?

A special purpose vehicle is a separate legal entity formed to make one investment. Investors who choose to participate pool their capital in the vehicle, and the vehicle invests in the company. You decide deal by deal, so you only commit to the companies you choose.

How does investing with Halcyra work?

After you join our network, we will be in touch personally to learn how you invest. When an opportunity fits your interests, we share the materials and terms privately. If you decide to participate, you review the offering documents, confirm your eligibility and complete your investment through our secure investor portal.

What are the minimums and fees?

Minimum commitments and fees vary by opportunity. They are set out clearly in each offering’s documents before you decide.

How long is capital invested?

Private company investments are illiquid. Capital is typically committed until the company is acquired or goes public, which can take several years, and you should expect not to be able to sell your interest before then.

What will I receive after investing?

Periodic updates on the company, annual tax documents (Schedule K-1) and any distributions when the investment is realized.

What are the main risks?

Private investments are speculative and involve a high degree of risk, including the possible loss of your entire investment. Each vehicle is concentrated in a single company, valuations can change significantly, and liquidity is limited. Only invest money you can afford to hold for many years and to lose.

I am a founder. Should I contact you?

Yes, if your company is at Series B or later and builds core AI technology. Choose “I’m a founder raising capital” in the form below and share your company website.

Contact

Join the Halcyra network.

Investors: tell us a little about how you invest, and we will be in touch personally before sharing any opportunity. Founders building in AI: tell us about your company.

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