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.

This article originally appeared on Recode.net.

Will you join us?

Our biggest supporters are our readers — and we’re so grateful to everyone who has made a contribution during our September campaign. We’re less than 1,000 contributions away from reaching our goal for the month, which in turn will allow us to say yes more often when our incredible journalists come to us with questions they want to answer and projects they want to pursue. Will you make a contribution before the month ends and support our policy coverage through 2024 and beyond?

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via