Founders Fund Raises $107.2 Million

Posted May 6, 2010

Founders Fund has raised $107.2 million from several equity funds and investment funds. The company is led by PayPal founders Ken Howery and Peter Thiel. Napster founder Sean Parker is also an exec at Founders Fund. This would be Founders Funds’ third round of funding. VentureBeat dug up a filing from the SEC that showed the funding round. The second round of funding was roughly $220 million. [VentureBeat]