San Francisco, CA-based venture capital firm Founders Fund closed its sixth fund, at $1.3 billion.
Led by partners Lauren Gross, Ken Howery, Geoff Lewis, Scott Nolan, Luke Nosek, Brian Singerman, and Peter Thiel, who have all been founders and early employees of technology companies including PayPal, Google, Palantir Technologies, and Space Exploration Technologies (SpaceX), Founders Fund VI invests in entrepreneurs pursuing major scientific and technological breakthroughs.
Formed in 2005, the firm has invested in sectors including aerospace, artificial intelligence, advanced computing, energy, healthcare, materials science, robotics, therapeutics, and consumer internet.
Largest investments to date include Airbnb, Oscar, Palantir Technologies, SpaceX, Stemcentrx, and Stripe.
The fund brings the firm’s total amount of capital under management to over $3 billion.