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Founders Fund Raises $1 Billion in Fifth Fund

The Founders Fund said it had closed its fifth venture capital fund of $1 billion. The new fund will be led by partners Ken Howery, Luke Nosek, Brian Singerman, Peter Thiel, Lauren Gross, Geoff Lewis and Scott Nolan. The firm said it will be focused on “a wide variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health and consumer Internet.” Founders Fund investments include SpaceX, Palantir Technologies, Airbnb, Lyft, SolarCity, Spotify, Stripe and ZocDoc.

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