XYZ Ventures Deepens Investment in Palantir Alumni Network, Backing Chapter and Hex Technologies

San Francisco, CA – XYZ Venture Capital, led by Ross Fubini and Partner Chauncey TK Hamilton, is strengthening its strategic focus on companies founded by Palantir Technologies alumni, as highlighted by recent investments in Medicare advisory provider Chapter and collaborative data analytics firm Hex Technologies. This investment strategy leverages the prolific "Palantir Mafia" network, a growing ecosystem of successful startups originating from the data software giant.Press Release Chauncey TK Hamilton, a Partner at XYZ Ventures, recently affirmed this commitment on social media, stating, "My partner @fubini shares more about what makes @PalantirTech so special and why we’ve invested in so many alums @xyz_vc like @askchapter @_hex_tech and many more." This statement underscores XYZ's belief in the unique capabilities and entrepreneurial drive of former Palantir employees.

XYZ Ventures, co-founded by Ross Fubini, has long recognized the potential within the Palantir alumni community. Fubini, known for his deep ties to Palantir's early days, has actively recruited talent from this network, including Partner Chauncey Hamilton, formerly of First Round Capital. The firm recently raised $325 million across two new funds, bringing its total assets under management to $760 million, further enabling its investment in promising early-stage companies.

Chapter, a Medicare advisory provider, is one such beneficiary, having recently closed a $50 million Series C round led by XYZ Venture Capital in May 2024, valuing the company at over $500 million. Chapter's CEO, Cobi Blumenfeld-Gantz, is a Palantir alum who spent nearly six years as a Deployment Strategist on Palantir's U.S. Government team. The firm's hands-on approach with Chapter included introductions to key institutional partners and assistance in crafting pitch decks.

Hex Technologies, a collaborative data science and analytics platform, also exemplifies this investment thesis. Co-founded by Palantir alums Barry McCardel, Caitlin Colgrove, and Glen Takahashi, Hex provides an AI-powered workspace unifying analytics workflows. The company recently secured $70 million in a Series C round, bringing its total funding to $172 million, with XYZ Ventures having participated in its Series A financing.

The "Palantir Mafia" phenomenon, akin to the "PayPal Mafia," refers to the significant number of successful companies founded by former Palantir employees. These founders often carry forward Palantir's rigorous problem-solving approach and deep technical expertise, particularly in data-intensive and complex industries. XYZ Ventures' continued investment in this network solidifies its position as a key supporter of this influential group of entrepreneurs.