Founders Fund

Activity from announced rounds

Activity in this selectionNorth America

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
32
Confirmed lead rounds
2
24 roles undisclosed
New companies
30
First participation on record · 2 follow-on
Funding in participating rounds
$10.1B
30 disclosed · full round size, not this investor’s share

By stage

Series C+11
Series A7
Series B7
Seed3
Undisclosed3
1 more
Growth1

By primary sector

AI7
Defense tech7
Biotech3
Climate tech3
Industrial tech2
8 more
Mobility2
Space tech2
Ecommerce1
Enterprise software1
Fintech1
Hardware1
Healthtech1
Robotics1

By country

United States32

Rounds

32 in this selection
Hadrian

Builds highly automated factories producing defense and aerospace systems

UndisclosedUndisclosed
Role not disclosed
Valinor Enterprises

Builds and buys critical defense and government technology solutions

$54MSeries A
Role not disclosed