Founders Fund Raises $5 Billion for Early- to Late-Stage Deals

Founders Fund said that it has closed more than $5 billion in two new funds across both early and late-stage investing, increasing the assets under its management to $11 billion.

The venture capital firm’s investments have included some of tech’s highest-profile startups. The new vehicles include a $1.9 billion venture fund and a $3.4 billion growth fund. The growth fund is almost twice the size of a $1.75 billion predecessor raised in 2020.

Founders Fund was an investor in Airbnb Inc. and other companies that went public in the listing spree of the past two years. Those companies included Palantir ...