Vc firm Founders Fund closed a $1 billion fifth suite of funds.
Founders Fund V will be led by partners Ken Howery, Luke Nosek, Brian Singerman, Peter Thiel, Lauren Gross, Geoff Lewis, and Scott Nolan.
Founded in 2005, Founders Fund has raised over $2 billion and invested in a wide variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet and Founders Fund V will continue to follow the same strategy.
Its portfolio includes Airbnb, Counsyl, Knewton, Lyft, Oculus, SolarCity, Spotify, Stripe, and ZocDoc. Recent exits include The Climate Corporation, DeepMind, and Yammer.