Founders Fund

Activity from announced rounds

Activity in this selectionJul 31, 2026 · Jul 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
0
2 roles undisclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$135M
2 disclosed · full round size, not this investor’s share

By stage

Series B2
Undisclosed1

By primary sector

Agritech1
Enterprise software1
Mobility1

By country

United States2
Germany1

Rounds

3 in this selection
Senra Systems

Software-driven manufacturing company modernizing wire harness production

$65MSeries B
Role not disclosed
State Affairs

AI platform for policy and regulatory intelligence

$70MUndisclosed
Role not disclosed
Stenon

Soil sensing company providing in-field nitrogen and soil data for agricultural decisions.

≥€18MSeries B; second close announced 12 October 2026
Participant