Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.

Major venture firm Founders Fund is announcing a hefty new fund.

It’s packing $1 billion, according to a press release that came out today. That’s quite a large amount, considering that the most recent fund came out to $625 million and that, since starting in 2005, Founders Fund had raised $1.15 billion across four funds.

It’s a larger amount than the $750 million figure for the fund that we reported back in January.

High-profile investor and PayPal cofounder Peter Thiel is leading the new Founders Fund V alongside fellow partners Ken Howery, Luke Nosek, Brian Singerman, Lauren Gross, Geoff Lewis, and Scott Nolan.

Howery and Nosek also cofounded PayPal with Thiel. Together, the trio launched Founders Fund.

Founders Fund makes big investments. It’s industry-agnostic, although lately it has been especially active in health care and genetics.

Asana, the Climate Corp., Hampton Creek Foods, Lyft, Palantir, Quantcast, Quid, SpaceX, and Topsy are a few of the hot companies in Founders Fund’s portfolio.

Other venture firms have been busy locking down big funds of their own. True Ventures, which focuses on early-stage investments, just raised $250 million for a new fund. And Andreessen Horowitz is reportedly raising about $1.5 billion for a new fund.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member