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"Founders Fund is nearing the close of its fourth growth fund, Founders Fund Growth IV, with $6 billion in capital commitments, per sources close to the firm. As with most of the firm's fundraises, demand from outside investors exceeds the fund's capacity, according to those sources. Additionally, about $1.5 billion of the capital is coming from the Founders Fund's partners."

"The 21-year-old firm has an impressive portfolio of winning startups. Founders Fund was an early investor in AI cloud computing company Crusoe, workforce management platform Rippling, and fintechs Stripe and Ramp. The firm was also the first institutional investor in data analytics giant Palantir Technologies, and holds stakes in numerous other defense tech companies, including SpaceX, Flock Safety, and Anduril."

"Last month, for example, the San Francisco-based firm made its first direct investment in Anthropic. Founders Fund, along with D. E. Shaw Ventures, Dragoneer, ICONIQ, and MGX, co-led a $30 billion investment into the leading AI lab at a $380 billion post-money valuation. The investment makes Founders Fund one of the few firms with significant stakes in both of the leading AI labs - it's also an investor in OpenAI."

Founders Fund is nearing completion of its fourth growth fund with $6 billion in capital commitments, with $1.5 billion coming from the firm's partners. This fundraise follows the closure of its third growth fund ($4.6 billion) less than a year prior. The 21-year-old firm maintains an impressive portfolio including early investments in Crusoe, Rippling, Stripe, and Ramp, alongside significant stakes in defense technology companies like SpaceX, Anduril, and Flock Safety. Recently, Founders Fund co-led a $30 billion investment in Anthropic at a $380 billion valuation, joining OpenAI as a major AI lab investor. The firm has not raised a new early-stage fund since 2022, focusing growth capital efforts on late-stage opportunities.

Read at TechCrunch