Founders Fund Closes $1.3 Billion Fund

Cooley advised longtime client Founders Fund, a San Francisco-based venture capital firm, on the closing of its sixth fund at $1.3 billion. This fund brings the firm's total amount of capital under management to over $3 billion.

Founders Fund VI will be led by partners Lauren Gross, Ken Howery, Geoff Lewis, Scott Nolan, Luke Nosek, Brian Singerman and Peter Thiel. Members of the team have been founders and early employees of prominent technology companies including PayPal, Google, Palantir Technologies and SpaceX.

"We look to make a material impact with each investment, and that requires investing with conviction," Singerman said. "We're not afraid to go all in when we truly believe in a company. A fund of this size will allow us to put more capital behind our strongest entrepreneurs."

Founders Fund was formed in 2005 to back entrepreneurs pursuing major scientific and technological breakthroughs. The firm has invested in sectors including aerospace, artificial intelligence, advanced computing, energy, healthcare, materials science, robotics, therapeutics and consumer internet.

Founders Fund's largest investments to date include Airbnb, Oscar, Palantir Technologies, SpaceX, Stemcentrx and Stripe.

Related Contacts
Craig Dauchy Partner, Palo Alto
Elizabeth Reese Associate, San Francisco
Related Practices & Industries

Fund Formation Venture Capital