Investment News

Founders Fund nears $6b growth fund target: sources


Peter Thiel’s Founders Fund, a San Francisco venture firm, is nearing a close on Founders Fund Growth IV with about US$6 billion in commitments, according to people familiar with the matter.

Those sources said roughly US$1.5 billion of the capital is coming from the firm’s partners and that demand from outside investors exceeded the fund’s capacity.

The raise follows a US$4.6 billion growth fund the firm closed less than a year earlier that was aimed mainly at follow-on investments.

Founders Fund invests across early and growth stages and holds stakes in companies such as Palantir, SpaceX, Stripe, Rippling, Ramp, Anduril, and Crusoe.

Last month, the firm co-led a reported US$30 billion injection into Anthropic at a US$380 billion post-money valuation.

🔗 Source: TechCrunch

 

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