Get the latest tech news
Founders Fund’s new $4.6B fund indicates an era of big VC spending
Peter Thiel's Founder's Fund has completed the raise of its third growth fund, according to an SEC filing. Beyond the sum — which is a big step up from
Beyond the sum — which is a big step up from its last previous$3.4 billion growth fund closed in early 2022 — there’s a couple of other interesting things to note about this raise. In 2023, while the venture market was in bear mode, Thiel famously choose to trim a new fund’s size, ostensibly because investing had slowed. Beyond that, while so many VCs are chasing all things AI, Founders Fund is also sitting in the sweet spot of another hot market: defense tech.
Or read this on TechCrunch