Founders Fund Closes $250m Third Investment Vehicle

San Francisco-based venture capital firm Founders Fund has closed its $250m third fund.
The Founders Fund III LP‘s majority of commitments came from limited partners of the firm’s prior funds, joined by a small number of new investors.
Fund III, which is managed by Peter Thiel, Ken Howery, Luke Nosek, and Sean Parker, focuses on investing in early-stage internet-based companies, as well as innovative companies pursuing innovative solutions to major science and engineering problems.
Founders Fund has made early investments in some of the most prominent recent ventures including Facebook, Causes, Palantir Technologies, Quantcast, and SpaceX.

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