Founders Fund

Activity from announced rounds

Activity in this selectionSeed

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
4
Confirmed lead rounds
2
2 roles undisclosed
New companies
4
First participation on record · 0 follow-on
Funding in participating rounds
$134.4M
4 disclosed · full round size, not this investor’s share

By stage

Seed4

By primary sector

Defense tech2
Biotech1
Industrial tech1

By country

United States3
Netherlands1

Rounds

4 in this selection
Arda Industries

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

$72MPreviously undisclosed seed
Lead
Gamgee

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

$4MSeed
Lead
Westmag

American manufacturer of drone motors and robot actuators

$11MSeed
Role not disclosed
Onodrim Industries

Develops defence industrial platform for Europe's security and resilience

€40MSeed
Role not disclosed