Founders Fund

Activity from announced rounds

Activity in this selectionUnited States · Aug 31, 2026 · Aug 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
5
Confirmed lead rounds
1
2 roles undisclosed
New companies
4
First participation on record · 1 follow-on
Funding in participating rounds
$1.7B
5 disclosed · full round size, not this investor’s share

By stage

Seed1
Series A1
Series B1
Series C+1
Undisclosed1

By primary sector

Biotech2
Climate tech1
Defense tech1
Mobility1

By country

United States5

Rounds

5 in this selection
Regent

All-electric Seaglider vessels for fast, zero-emission coastal transportation.

$240MSeries B
Participant
Voya Energy

Develops aluminum-based fuel and electrochemical generator for clean firm power

$35MSeries A
Role not disclosed
Network Bio

Builds AI models trained on patient tissue and clinical data for disease diagnostics

$50MStrategic
Role not disclosed
Gamgee

Gamgee develops personalized mRNA vaccines for dogs with cancer, designed from the genetic profile of each dog’s tumor.

$4MSeed
Lead
Hadrian

Builds highly automated factories producing defense and aerospace systems

$1.4BSeries D
Participant