Founders Fund, the venture capital firm co-founded by Peter Thiel, is nearing the completion of its third growth fund, aiming to raise $3 billion primarily for further investments in its successful late-stage portfolio companies. The previous fund, which raised $3.4 billion and closed in early 2022, is fully deployed in various prominent companies. Notably, Founders Fund is taking the lead in a significant $2.5 billion funding round for Anduril, planning to write its largest check ever. There is significant investor interest due to Founders Fund's strong portfolio, which includes SpaceX and OpenAI.
Founders Fund is raising a new $3 billion growth fund, expected to be oversubscribed, focusing on additional investments in late-stage portfolio companies.
The firm’s prior growth fund of $3.4 billion is fully invested in notable companies like Rippling and is involved in a $2.5 billion raise for Anduril.
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