In the ever-evolving landscape of venture capital, Founders Fund is making headlines as it approaches the closing of its third growth fund, aiming to raise an ambitious $3 billion by March. Founded by tech visionary Peter Thiel, the firm is poised to capitalize on its proven track record of successful late-stage investments. With reports indicating strong oversubscription, this new fund highlights the firm’s strategic focus on nurturing its high-potential portfolio, which includes industry giants like Anduril and SpaceX. As the venture capital environment shifts, Founders Fund’s unique approach of scaling back on fund sizes sets it apart, creating a buzz among investors eager to join the ranks of its illustrious backers.
| Attribute | Details |
|---|---|
| Fund Name | Founders Fund Growth Fund III |
| Fundraising Target | $3 billion |
| Expected Closing Date | End of March 2023 |
| Previous Fund Size | $3.4 billion |
| Previous Fund Closed | Early 2022 |
| Notable Investments | Rippling, Anduril, SpaceX, Stripe, OpenAI, Figma |
| Largest Investment Check | Projected $1 billion in Anduril |
| Anduril Funding Round Valuation | $28 billion |
| Core Fund Status | No new core fund for early-stage companies |
| Eighth Fund Size Adjustments | Halved to $900 million for the core ninth fund |
What is Founders Fund?
Founders Fund is a venture capital firm founded by Peter Thiel, a well-known entrepreneur and investor. The firm focuses on investing in innovative companies that show great potential for growth. With its third growth fund, Founders Fund aims to raise $3 billion to support late-stage companies that are already successful. This type of investment helps businesses expand and reach new heights.
The firm has a track record of investing in exciting companies like SpaceX and Stripe. By choosing to invest in these late-stage companies, Founders Fund helps them grow faster, create jobs, and develop new technologies. Investors are eager to be part of this journey, as they believe in the future success of these innovative companies.
Frequently Asked Questions
What is Founders Fund’s new growth fund about?
Founders Fund is raising a $3 billion growth fund to invest in successful late-stage companies within its portfolio, aiming to enhance their growth and expansion.
Who founded Founders Fund?
Founders Fund was founded by Peter Thiel, a well-known venture capitalist and entrepreneur.
How much did the previous growth fund raise?
The previous growth fund raised $3.4 billion and was fully invested in various companies, including Rippling.
What companies are part of Founders Fund’s portfolio?
Founders Fund’s portfolio includes notable companies such as Anduril, SpaceX, Stripe, OpenAI, and Figma.
Is Founders Fund planning to raise a new early-stage fund?
No, Founders Fund will not raise a new ninth core fund for early-stage companies, as it was already effectively raised three years ago.
What is unique about Founders Fund’s fundraising strategy?
Founders Fund is choosing to limit its fund sizes, unlike many firms that are raising larger funds following the zero interest rate policy.
What recent investment is Founders Fund leading?
Founders Fund is leading a funding round for Anduril, projected to reach up to $2.5 billion with a valuation of $28 billion.
Summary
Founders Fund, started by Peter Thiel, is close to finishing fundraising for its third growth fund, aiming to collect $3 billion by March. This fund will support late-stage companies in its portfolio, which includes successful businesses like Rippling and Anduril. The previous fund raised $3.4 billion and is fully invested. Excitingly, Founders Fund is leading a major funding round for Anduril that could reach $2.5 billion. Despite not raising a new fund for early-stage companies, Founders Fund is still attracting investors with its strong portfolio, including names like SpaceX and OpenAI.
