Stripe, SpaceX Investor Glade Brook Raises $515 Million for New Fund

Glade Brook Capital Partners — an investment firm with stakes in SpaceX, Perplexity and other startups — has raised $515 million from investors for its fourth fund.

The firm, which backs late-stage tech startups, expects to continue to invest in companies in industries including financial technology, artificial intelligence, e-commerce, space and defense. Founded in 2011, it previously backed Uber Technologies Inc. and Airbnb Inc.