Founders Fund

Activity from announced rounds

Activity in this selectionOct 19, 2026 · Jul 22, 2026

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
10
Confirmed lead rounds
1
2 roles undisclosed
New companies
8
First participation on record · 2 follow-on
Funding in participating rounds
$6.1B
9 disclosed · full round size, not this investor’s share

By stage

Series C+4
Series B2
Undisclosed2
Seed1
Series A1

By primary sector

AI2
Biotech2
Space tech2
Climate tech1
Defense tech1
2 more
Mobility1
Robotics1

By country

United States9
Bulgaria1

Rounds

10 in this selection
Multiply Labs

Multiply Labs builds robotics for manufacturing personalized medicines, helping drug makers produce individualized treatments with less manual work.

$75MSeries B
Participant
Varda

Varda builds spacecraft that manufacture materials in low Earth orbit and return them to Earth. Its capsules support microgravity pharmaceutical development and materials processing, followed by controlled reentry and post-flight analysis of returned payloads.

$251MSeries D
Participant
Crusoe

AI infrastructure combining GPU cloud services, managed AI tools, large-scale data centers and modular AI factories for model developers and enterprises.

$3.9BSeries F (initial close; anticipated total)
Participant
EnduroSat

EnduroSat designs and manufactures modular, software-defined satellites and components, and provides mission services for commercial and institutional operators.

$205MFunding round
Participant
Cognition

Cognition develops Devin, an autonomous software-engineering system, and the Windsurf AI code editor.

>$2BSeries E
Participant
Regent

All-electric Seaglider vessels for fast, zero-emission coastal transportation.

$240MSeries B
Participant
Voya Energy

Develops aluminum-based fuel and electrochemical generator for clean firm power

$35MSeries A
Role not disclosed
Network Bio

Builds AI models trained on patient tissue and clinical data for disease diagnostics

$50MStrategic
Role not disclosed
Gamgee

Gamgee develops personalized mRNA vaccines for dogs with cancer, designed from the genetic profile of each dog’s tumor.

$4MSeed
Lead
Hadrian

Builds highly automated factories producing defense and aerospace systems

$1.4BSeries D
Participant