Founders Fund

Activity from announced rounds

Activity in this selectionUnited Kingdom

Founders Fund is a technology venture firm with partners working in engineering-led businesses across energy, infrastructure, manufacturing, transport, biotechnology and defence.

The partnership combines investing with direct company creation. Trae Stephens co-founded Anduril and serves as its executive chairman; Delian Asparouhov co-founded Varda Space Industries; Scott Nolan founded uranium-enrichment company General Matter. These roles put investors inside the work of building industrial and defence businesses.

Nolan’s investing focus includes engineering-driven startups in energy, infrastructure, manufacturing, transportation and biotechnology. Stephens brings experience developing products and expanding government business at Palantir, including in intelligence and defence.

Sources
Rounds participated in
2
Confirmed lead rounds
—
2 roles undisclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$230M
2 disclosed · full round size, not this investor’s share

By stage

Series B2

By primary sector

Hardware1
Proptech1

By country

United Kingdom2

Rounds

2 in this selection
Fractile

Builds custom inference chips designed to run frontier AI models faster by co-locating memory and compute

$220MSeries B
Role not disclosed
Giraffe360

AI-powered real estate marketing technology platform

$10MSeries B
Role not disclosed