Powerlaw Corp. (Nasdaq: PWRL) Highlights Groq Holding as Company Closes $650 Million Round
Groq announced a $650 million funding round to expand its AI inference cloud business
PWRL provides exposure to Groq and other leading private tech companies through a single, Nasdaq-listed security
Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today highlighted its portfolio exposure to Groq following the company's new $650 million funding round as of June 22, 2026. The company was last valued at $6.9 billion, following a $750 million funding round in September 2025.
“We held Groq into a defining liquidity event and stayed for the second act,” said Ben Black, Chief Investment Officer of PWRL. “Since PWRL invested, Groq has signed a non-exclusive licensing agreement with NVIDIA for its inference technology — a roughly $20 billion deal — and distributed about $7.6 billion to shareholders, around $64 a share.”
