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Thiel’s Founders Fund Said to Be Raising as Much as $600 Million

Founders Fund, the venture capital firm started by Facebook Inc. investor Peter Thiel, is raising as much as $600 million for its fourth fund, according to two people familiar with the matter.

The San Francisco-based firm aims to close the fund this month and will use the capital to invest in early-stage technology companies and more mature startups, said the people, who declined to be named because the fundraising is private.