Founders Fund Raises $5 Billion for Early- to Late-Stage Deals

Founders Fund said that it has closed more than $5 billion in two new funds across both early and late-stage investing, increasing the assets under its management to $11 billion. 

The venture capital firm’s investments have included some of tech’s highest-profile startups. The new vehicles include a $1.9 billion venture fund and a $3.4 billion growth fund. The growth fund is almost twice the size of a $1.75 billion predecessor raised in 2020.