Founders Fund: $3 Billion In New Capital For Two Funds

By Amit Chowdhry ● February 26, 2020
  • Founders Fund — a venture capital firm founded by Peter Thiel — recently closed $3 billion in new capital for two investment funds

Founders Fund — a venture capital firm founded by Peter Thiel — recently closed $3 billion in new capital for two investment funds, according to TechCrunch. The partners at Founders Fund include Thiel, Brian Singerman, Keith Rabois, Lauren Gross, Scott Nolan, Trae Stephens, Cyan Banister, and Napoleon Ta.

Founders Fund closed $1.2 billion for Founders Fund VII in December. And the firm’s first growth fund ($1.5 billion) recently closed. The other $300 million in commitments is coming from the firm’s partnership. The growth fund is expected to write checks of at least $100 million reported Axios.

The WSJ pointed out that the Founders Fund’s rapid fundraising successes are likely due to the returns that the firm has provided for its limited partners.

For example, Founders Fund more than quadrupled every dollar that the Fund IV committed in 2011 to $4.60. This was largely driven by early investments in Stripe and Airbnb. The industry average is slightly more than $2. And Founders Fund’s third fund hit returns of $3.80.