Founders Fund

Activity from announced rounds

Activity in this selectionUndisclosed

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
4
Confirmed lead rounds
0
3 roles undisclosed
New companies
4
First participation on record · 0 follow-on
Funding in participating rounds
$325M
3 disclosed · full round size, not this investor’s share

By stage

Undisclosed4

By primary sector

Biotech1
Enterprise software1
Industrial tech1
Space tech1

By country

United States3
Bulgaria1

Rounds

4 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
Network Bio

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

$50MStrategic
Role not disclosed
State Affairs

AI platform for policy and regulatory intelligence

$70MUndisclosed
Role not disclosed
Hadrian

Builds highly automated factories producing defense and aerospace systems

UndisclosedUndisclosed
Role not disclosed