Founders Fund reels in $1.5 billion for new fund
November 21, 2019- Share:
Peter Thiel's Founders Fund has closed its seventh flagship fund at $1.5 billion, which the San Francisco-based venture firm will invest "across stages and sectors," a spokeswoman said. In 2016, Founders Fund VI closed on $1.3 billion. The new close comes about a month after The Wall Street Journal reported Founders Fund is raising nearly $3 billion combined across two vehicles, with a shift toward earmarking more capital for follow-on investments in the firm's late-stage portfolio companies.
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