Thiel-Backed Venture Capital Firm Closes $4.6B Founders Fund III

The Peter Thiel-backed Founders Fund has closed a $4.6 billion later-stage venture capital fund, according to a US Securities and Exchange Commission filing Friday.

The Founders Fund Growth III has 270 investors, the filing said. Alongside Thiel, Napoleon Ta and Trae Stephens are listed as directors.

A significant amount of the capital was provided by general partners of the firm, CNBC reported Friday, citing an unidentified person familiar with the matter. The firm’s total capital raise exceeded that of the $3 billion previously reported, including capital from outside investors as part of the total $4.6 billion pool, the ...