Founders Fund

Activity from announced rounds

Activity in this selectionUnited States · Oct 31, 2026 · Oct 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
3
Confirmed lead rounds
2
All roles disclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$192M
3 disclosed · full round size, not this investor’s share

By stage

Seed1
Series A1
Series B1

By primary sector

Healthtech1
Industrial tech1
Robotics1

By country

United States3

Rounds

3 in this selection
Coherence Neuro

Investigational implants and bioelectronic systems for monitoring and treating cancer.

$45MSeries A
Lead
Arda Industries

AI software that turns product designs into assembly plans and keeps manufacturing lines current as designs change.

$72MPreviously undisclosed seed
Lead
Multiply Labs

Multiply Labs builds robotics for manufacturing personalized medicines, helping drug makers produce individualized treatments with less manual work.

$75MSeries B
Participant