137 Ventures, a growth-stage venture firm backing companies including Anduril, Gusto, Ramp, and SpaceX, has closed more than $700 million across two new funds, bringing total assets under management to more than $15 billion. The raise marks a significant step in the continued scaling of the firm’s platform, which is designed to invest in technology companies with the potential for significant market impact across their entire growth lifecycle.
Over the past 12 months, 137 Ventures has deployed more than $1.7 billion, concentrating capital in select opportunities at the frontier of AI, defense, and advanced industrial systems. Recent investments include Cognition, Impulse Space, Hadrian, and Physical Intelligence.
The firm was founded in 2010 by Justin Fishner-Wolfson and S. Alexander Jacobson after meeting at Founders Fund. Since its inception, 137 Ventures has raised nine institutional funds and several dedicated investment strategies. Alongside the fund close, the firm has made several team additions and promotions, including Ashley Steinberg as Head of Strategic Initiatives, formerly of The Boring Company, Lindsay Searer as Head of Fund Strategies, formerly of Pathstone, and the promotion of James Pardee to Partner.
KEY QUOTES:
“137 invests in category-defining technology companies with the potential to become enduring long-term compounders and market leaders. The next generation of iconic companies will take shape over longer time horizons and with greater complexity. Supporting them requires a different kind of capital, more flexible and designed for decades. That’s what we’re building at 137.”
Justin Fishner-Wolfson, Founder and Managing Partner, 137 Ventures
