Founders Fund

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Enterprise software · Jul 27, 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
2
First participation on record · 1 follow-on
Funding in participating rounds
$85M
2 disclosed · full round size, not this investor’s share

By stage

Series A1
Series C+1
Undisclosed1

By primary sector

AI1
Biotech1
Climate tech1

By country

United States3

Rounds

3 in this selection
Cognition

Cognition develops Devin, an autonomous software-engineering system, and the Windsurf AI code editor.

>$2BSeries E
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