Founders Fund

Activity from announced rounds

Activity in this selectionSeries A

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
7
Confirmed lead rounds
—
7 roles undisclosed
New companies
7
First participation on record · 0 follow-on
Funding in participating rounds
$345M
7 disclosed · full round size, not this investor’s share

By stage

Series A7

By primary sector

Defense tech3
AI2
Climate tech2

By country

United States7

Rounds

7 in this selection
Voya Energy

Develops aluminum-based fuel and electrochemical generator for clean firm power

$35MSeries A
Role not disclosed
Hydra Host

Operates an AI data center operating system and GPU compute offtake network connecting data center operators with AI builders

$100MSeries A
Role not disclosed
Poetic

Automates complex enterprise processes for finance and insurance with reliable AI

$50MSeries A
Role not disclosed
Layup Parts

Provides on-demand composite parts manufacturing for aerospace, defense, and motorsports customers

$42MSeries A
Role not disclosed
Swarm Aero

Develops large uncrewed aerial vehicle swarms and command and control software

$35MSeries A
Role not disclosed
Avalanche Energy

Develops modular compact fusion machines for clean energy applications

$29MSeries A
Role not disclosed
Valinor Enterprises

Builds and buys critical defense and government technology solutions

$54MSeries A
Role not disclosed