Founders Fund

Activity from announced rounds

Activity in this selectionEurope

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
5
Confirmed lead rounds
0
3 roles undisclosed
New companies
5
First participation on record · 0 follow-on
Funding in participating rounds
$482.4M
4 disclosed · full round size, not this investor’s share

By stage

Series B3
Seed1
Undisclosed1

By primary sector

Agritech1
Defense tech1
Hardware1
Proptech1
Space tech1

By country

United Kingdom2
Bulgaria1
Germany1
Netherlands1

Rounds

5 in this selection
EnduroSat

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

$205MFunding round
Participant
Stenon

Soil sensing company providing in-field nitrogen and soil data for agricultural decisions.

≥€18MSeries B; second close announced 12 October 2026
Participant
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
Onodrim Industries

Develops defence industrial platform for Europe's security and resilience

€40MSeed
Role not disclosed