Founders Fund is approaching $6 billion in its latest growth fund, sources say

Peter Thiel’s Founders Fund is nearing completion of its fourth growth fund, Founders Fund Growth IV, with $6 billion in capital commitments, according to sources close to the company. As is the case with most of the company’s investments, demand from foreign investors outstrips the fund’s capacity, according to the sources. In addition, about $ 1.5 billion of capital comes from the partners of the Founders Fund, one of the sources told TechCrunch.

The new investment comes less than a year after Founders Fund closed its third growth fund, a $4.6 billion A car that was designed specifically to spend money following in its successful industry that is very late.

The 21-year-old company has a strong track record of success in startups. Founders Fund were early investors in AI cloud computing company Crusoe, workforce management platform Rippling, and fintechs Stripe and Ramp.

The company was also an early investor in research giant Palantir Technologies, and is involved in many other technology companies, including SpaceX, Flock Safety, and Anduril, which Founders Fund partner Trae Stephens founded and which the company backed in its first round. (Nine-year-old Anduril is currently said to be raising many people $4 billion round at a cost of $60 billion.)

Founders Fund’s growth goals are not limited to existing assets.

Last month, for example, the San Francisco-based company made its first investment in Anthropic. Founders Fund, along with DE Shaw Ventures, Dragoneer, ICONIQ, and MGX, led the round $30 billion in revenue in a leading AI lab worth $380 billion after investment. The investment makes Founders Fund one of the few companies that has a major stake in all of the leading AI labs – and is also an investor in OpenAI.

While Founders Fund is raising more capital, the company hasn’t raised a new venture capital fund since early 2022, when it announced its eighth fund and $1.8 billion in capital expenditures.

In 2023, the company cut that bag in half up to $900 million in response to worsening conditions. Founders Fund also distributed the remaining $900 million in a special fund launched last October, according to a to keep the rules.

Founders Fund declined to comment.