Founders Fund

Activity from announced rounds

Activity in this selectionUnited States · Jun 30, 2026 · Jun 1, 2026

Founders Fund is a technology venture firm with partners working in engineering-led businesses across energy, infrastructure, manufacturing, transport, biotechnology and defence.

The partnership combines investing with direct company creation. Trae Stephens co-founded Anduril and serves as its executive chairman; Delian Asparouhov co-founded Varda Space Industries; Scott Nolan founded uranium-enrichment company General Matter. These roles put investors inside the work of building industrial and defence businesses.

Nolan’s investing focus includes engineering-driven startups in energy, infrastructure, manufacturing, transportation and biotechnology. Stephens brings experience developing products and expanding government business at Palantir, including in intelligence and defence.

Sources
Rounds participated in
6
Confirmed lead rounds
—
6 roles undisclosed
New companies
6
First participation on record · 0 follow-on
Funding in participating rounds
$1.5B
6 disclosed · full round size, not this investor’s share

By stage

Series A3
Series C+2
Seed1

By primary sector

AI2
Defense tech2
Fintech1
Space tech1

By country

United States6

Rounds

6 in this selection
Hydra Host

Operates an AI data center operating system and GPU compute offtake network connecting data center operators with AI builders

$100MSeries A
Role not disclosed
Poetic

Automates complex enterprise processes for finance and insurance with reliable AI

$50MSeries A
Role not disclosed
Ramp

Provides financial infrastructure for corporate cards, invoicing, and expense management

$750MSeries F
Role not disclosed
Layup Parts

Provides on-demand composite parts manufacturing for aerospace, defense, and motorsports customers

$42MSeries A
Role not disclosed
Impulse Space

Builds highly maneuverable orbital transfer vehicles and kick stages for in-space mobility and satellite logistics

$500MSeries D
Role not disclosed
Westmag

American manufacturer of drone motors and robot actuators

$11MSeed
Role not disclosed