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Elon Musk has brought in more than a dozen new investors to fund the $44 billion Twitter acquisition, including billionaire Larry Ellison and venture capital firm Sequoia Capital. Securities documents submitted Thursday morning.

Investors will jointly contribute $7 billion to fund Twitter’s acquisition, with the rest coming from Mr. Musk’s own pocket or loans.

Mr Musk said he would partially finance the deal. $12.5 billion He took a loan against his shares in Tesla, the electric vehicle company he runs. As a result of the new equity commitments, Mr Musk said he had reduced the size of this loan against Tesla shares from $12.5 billion to $6.25 billion.

He also said he had it insured. 13 billion dollars in other loans received from seven banks and committed 21 billion dollars from his own money. Mr. Musk has not yet disclosed the sources of this money.

The 18 investors listed in Thursday’s filing are a mix of big names like Fidelity, as well as firms called family offices that manage the wealth of billionaires and other wealthy people. Cryptocurrency exchange Binance contributes $500 million, while an entity affiliated with Oracle co-founder Mr. Ellison is investing $1 billion. Sequoia contributes $800 million and Qatar Holding, an independent wealth fund, contributes $375 million.

Musk’s representatives have been investigating a large number of investors in recent days, according to two people who have been briefed on a potential investment. Some traditional private equity firms had probably considered investing in the deal before, but were unwilling to invest in the terms offered.

The new funds can give investors more confidence that the deal will close because some investors bet against the odds, especially given the amount of capital that Mr. Musk can personally get on the hook with combined with his unpredictable nature. The deal isn’t likely to close in three to six months and Mr. Musk must pay $1 billion separation fee if his finances fall apart.

“This was a smart financial and strategic move by Musk that would be well received by the board,” said Daniel Ives, general manager and analyst at investment firm Wedbush.

Mr. Ives said he expects Mr. Musk to bring in additional equity partners to the deal that can help reduce the nearly $20 billion in cash he has personally committed. Shares of Twitter rose more than 2 percent in premarket trading.

Mr. Musk on April 14 made an offer He bought Twitter for $54.20 per share, after accumulating enough shares in the company to become its largest shareholder. He had refused membership in the board of directors and denied the restrictions this would impose on him. At the time, Mr. Musk said Twitter management had lost confidence that the platform would do what he believed would help achieve “social imperative” freedom of speech.

The company’s board has adopted a “poison pill”, a mechanism to slow down a takeover attempt and buy some time. Board members were concerned about the direction and financing options Mr. Musk would take the company, as most of his wealth was tied to Tesla shares.

In the weeks before the proposal, Mr. Musk had recommended that Twitter get rid of ads, have an open-source algorithm, and do more to highlight the principles of free speech, among other changes.

But on April 25, Mr. Musk Twitter agreed to buy roughly $44 billion. The Twitter board had run out of options, and chairman Bret Taylor told the company’s 7,000 employees that day that “the board unanimously decided that the offer from Elon represented the best value for our shareholders.”

Anupréeta Das and Melina Delkic contributing reporting.