Facebook-Backer Thiel’s Venture Firm Raising $750 Million Fund
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Founders Fund, the venture firm started by Facebook Inc. backer Peter Thiel, is aiming to raise about $750 million for its fifth fund, a 20 percent increase over its previous pool.
The San Francisco-based firm is circulating information to investors now and expects to close the fund in the first quarter, according to a presentation obtained by Bloomberg News. As much as 70 percent of the fund will go toward new investments, with the rest dedicated to additional rounds.