Series IIPortfolio Companies

Each company represents a separate series under the Delaware Series LLC structure, providing clean separation of economics and liability.

Portfolio

AI Safety / LLMs

Founded 2021 · Series G Closed

$30B
ARR (Mar 2026)
$900B
Raise in Discussion

Anthropic

Anthropic is the leading AI safety company and creator of the Claude family of large language models. Founded by Dario Amodei, Daniela Amodei, and senior alumni of OpenAI, the company has raised over $12 billion from investors including Google, Amazon, and Spark Capital. Its Constitutional AI methodology and enterprise API infrastructure position it as a critical vendor to Fortune 500 companies, governments, and research institutions worldwide.

Last Round: Feb 12, 2026 · $30B Series G · GIC, Coatue (leads), D.E. Shaw, Dragoneer, Founders Fund, ICONIQ, Amazon, Google

Anchor

Databricks

Data & AI Platform

The leading data and AI platform. Serves thousands of enterprise customers globally and is a dominant infrastructure play.

$5.4B
ARR (Q4 2025)
$134B
Valuation

Stripe

Fintech / Payments

Global payments and financial infrastructure powering millions of businesses. One of the most valuable private companies in the world.

$5.1B
Net Rev. (2024)
$159B
Valuation

Anduril

Defense Technology

Defense technology company building autonomous systems for national security. Rapidly growing with major DoD contracts.

~$1B
Revenue (2024)
$30.5B
Valuation

Ramp

Corporate Finance / AI

Ramp is a fintech company specializing in AI-native corporate spend management and automated finance operations. Ramp is often described as an "operating system" for business finance, helping over 50,000 companies streamline expenses, AP, and accounting.

$1B+
ARR (Aug 2025)
$32B
Valuation

Vehicle Structure

Delaware Series LLC

Entity
Delaware Series LLC
Series
One series per portfolio company
Investor Role
Passive limited members
Management
Investment decisions are jointly directed by the Managing Members through a disciplined process.
Eligibility
Accredited investors only
Liquidity
IPO, secondary sale, or qualifying event
Timing
Indefinite hold; liquidity not guaranteed

Risk Considerations

What Investors Should Know

Investments are illiquid with no guaranteed liquidity timeline
Valuation is based on private market estimates and subject to volatility
Transfer restrictions may limit secondary sales
Loss of principal is possible; past performance is not indicative of future results
This website does not constitute an offer to sell or a solicitation to buy securities
Minimum investment per series to be determined; carried interest and management fee per Operating Agreement