At a glance
Founders Fund appears in 15 funding rounds tracked by ValueAddVC since 2024, leading 8. Its most frequent sectors in these rounds are AI & Infrastructure and Defense & Space, and its most recent tracked deal was Crusoe's $3.9B Series F round (Sep 17, 2026). It co-invests most often with General Catalyst, GIC and Nvidia. ValueAddVC also tracks 12 funds managed by Founders Fund.
Strategy
Stages
SeedSeries ASeries BGrowth
Sectors
AerospaceDefenseFintechAIDeeptechHealthcare
Geographies
USASan Francisco, California, USA
Check size
$500K-$150MLast verified Aug 11, 2026
Recent changes
- Sep 17, 2026Sep 17, 2026Follow-on: Invested in Crusoe (Series F, $3.9B) TechCrunch
- Sep 16, 2026Sep 16, 2026Invested in Fortell ($163M) TechCrunch
- Sep 8, 2026Sep 8, 2026Follow-on: Invested in Cognition (Series E, $2B) TechCrunch
- Aug 31, 2026Aug 31, 2026Invested in Icon ($30M) AlleyWatch
- Aug 31, 2026Aug 31, 2026Icon Raises $30M From Founders Fund for AI Ad Content Pulse story
Earlier changes (15)
- Jul 16, 2026Jul 16, 2026Founders Fund Hires Ex-OpenAI Exec Ryan Beiermeister Pulse story
- Jul 7, 2026Jul 7, 2026Founders Fund's One-Year Sprint From $4.6B to $6B Pulse story
- Jun 26, 2026Jun 26, 2026Invested in Stark ($569M) Crunchbase News
- Jun 26, 2026Jun 26, 2026Defense Startup Stark Raises $569M Led by Founders Fund and Sequoia Pulse story
- Jun 20, 2026Jun 20, 2026Founders Fund Makes an Outlier Bet on Humanely Killed Fish Pulse story
- Jun 17, 2026Jun 17, 2026Hydra Host Raises $100M Series A -- Founders Fund and Nvidia Back Bare-Metal GPU Infra Pulse story
- Jun 15, 2026Jun 15, 2026Invested in Hydra Host (Series A, $100M) Hydra Host
- Jun 4, 2026Jun 4, 2026Follow-on: Invested in Ramp (Series F, $750M) PR Newswire
- May 27, 2026May 27, 2026Follow-on: Invested in Cognition ($1B) TechCrunch
- Mar 23, 2026Mar 23, 2026New fund: Founders Fund Growth Fund IV ($6.02B) SEC EDGAR Form D
- Feb 12, 2026Feb 12, 2026Invested in Anthropic (Series G, $30B) TechCrunch
- Nov 17, 2025Nov 17, 2025Invested in Ramp (Series E-2, $300M) PR Newswire
- Oct 24, 2025Oct 24, 2025Follow-on: Invested in Crusoe (Series E, $1.375B anticipated round (initial close)) Crusoe
- Oct 16, 2025Oct 16, 2025New fund: Founders Fund IX ($971.584M) SEC EDGAR Form D
- Sep 8, 2025Sep 8, 2025Invested in Cognition (Series B, $400M) Built In
Funds
12| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| CCI Founders Fund Growth IV | 2026 | $10M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Mar 31, 2026SEC EDGAR Form D |
| Founders Fund Growth Fund IV | 2026 | $6.02B | Growth | As of Mar 23, 2026SEC EDGAR Form D |
| Founders Fund Growth Fund III | 2025 | $4.6B | Growth | As of Apr 11, 2025SEC EDGAR Form D |
| Founders Fund IX | 2023 | $971.584M | Flagship | As of Oct 16, 2025SEC EDGAR Form D |
| Founders Fund Growth Fund II | 2022 | $3.43B | Growth | As of Mar 4, 2022SEC EDGAR Form D |
Show 7 earlier funds
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Founders Fund VIII | 2022 | $1.93B | Flagship | As of Mar 4, 2022SEC EDGAR Form D |
| Founders Fund Eighth Flagship & Second Growth Fund | 2022 | $5B+ | Growth | As of 2022Wikipedia |
| Founders Fund Seventh Flagship & First Growth Fund | 2020 | $3B | Growth | As of 2020Wikipedia |
| Founders Fund Growth | 2019 | target $1.5B | Growth | As of Dec 19, 2019SEC EDGAR Form D |
| Founders Fund VII | 2019 | $1.5B | Flagship | As of Nov 20, 2019SEC EDGAR Form D |
| Founders Fund VI | 2016 | $1.27B | Flagship | As of Mar 25, 2016SEC EDGAR Form D |
| Founders Fund Sixth Fund | 2016 | $1.3B | Other | As of 2016Wikipedia |
Portfolio
14 totalRecent Investment Activity
15Track record: led 8 and participated in 7 of 15 tracked venture rounds · 11 in the last 12 months · led 1 Series E, 1 Series B, 1 Series G, 1 Series D
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Sep 17, 2026 | Crusoe | Series F | Participated | $3.9B | $30.9B | TechCrunch | |
| Sep 16, 2026 | Fortell | funding round | Led | $163M | $740M | Pulse story | |
| Sep 8, 2026 | Cognition | Series E | Led | $2B | $48B | TechCrunch | |
| Aug 31, 2026 | Icon | funding round | Led | $30M | — | Founders FundLead | Pulse story |
| Jun 26, 2026 | Stark | funding roundReportedly | Led | $569M | — | Founders FundLeadSequoia CapitalLead | Pulse story |
| Jun 15, 2026 | Hydra Host | Series A | Participated | $100M | — | Hydra Host | |
| Jun 4, 2026 | Ramp | Series F | Participated | $750M | $44B | PR Newswire | |
| May 27, 2026 | Cognition | funding round | Participated | $1B | $26B | TechCrunch | |
| Feb 12, 2026 | Anthropic | Series G | Participated | $30B | $380B | TechCrunch | |
| Nov 17, 2025 | Ramp | Series E-2 | Participated | $300M | $32B | PR Newswire | |
| Oct 24, 2025 | Crusoe | Series E | Participated | $1.375B anticipated round (initial close) | $10B+ (expected) | Valor Equity PartnersLeadunverifiedMubadala CapitalLeadunverifiedFounders FundunverifiedNvidiaunverifiedAtreides ManagementunverifiedAltimeter CapitalunverifiedSalesforce VenturesunverifiedTiger Global Managementunverified | Crusoe |
| Sep 8, 2025 | Cognition | Series B | Led | $400M | $10.2B | Founders FundLead | Built In |
| Jun 5, 2025 | Anduril Industries | Series G | Led | $2.5B | $30.5B | Founders FundLeadunverified | TechCrunch |
| Dec 12, 2024 | Crusoe | Series D | Led | $600M | $2.8B | Founders FundLeadunverifiedFidelity InvestmentsunverifiedMubadala CapitalunverifiedNvidiaunverifiedRibbit CapitalunverifiedValor Equity PartnersunverifiedLong Journey Ventures | Crusoe |
| Aug 7, 2024 | Anduril Industries | Series F | Led | $1.5B | $14B | Sands CapitalLeadFounders FundLead | GovConWire |
Sector / Stage Activity
By sector (portfolio)
Defense
3 · 21%
AI infra
3 · 21%
Fintech
2 · 14%
Developer tools
1 · 7%
Biotech
1 · 7%
Consumer
1 · 7%
Crypto
1 · 7%
Space
1 · 7%
Infrastructure
1 · 7%
By stage (tracked rounds)
Series F
3 · 20%
Series E
2 · 13%
Series G
2 · 13%
Series A
1 · 7%
Series E-2
1 · 7%
Series B
1 · 7%
Series D
1 · 7%
Co-Investors
12Value Add Research
- Company Deep Dive · Sep 27, 2026Crusoe Series F: Inside the $30.9B AI Data Center Company
- Strategy & Thesis · Sep 23, 2026Why AI Startups Are Raising Bigger Rounds, Less Traction
- Strategy & Thesis · Sep 19, 2026LP Consolidation in 2026: Why Investors Are Backing Fewer VC Funds
- VC & Investing · Sep 18, 2026How to Move From Operator to VC: The Real Path
- Strategy & Thesis · Sep 18, 2026Why Generalist VC Funds Are Struggling to Raise in 2026
- AI & Technology · Sep 11, 2026Cognition Valuation 2026: $48B After $2B Round, $900M ARR
- VC & Investing · Sep 4, 2026Palo Alto's $3.35B Chronosphere Deal After Datadog Said No
- AI & Technology · Sep 2, 2026Halter Valuation 2026: $220M Series E at a $2 Billion Price Tag
Latest Pulse
- Sep 23, 2026Bessemer Raises $5.75B Across Two New AI FundsBessemer Venture Partners closed $5.75 billion across two new funds -- $1.75 billion for seed and early stage, $4 billion for growth -- to back AI-native founders from first check through late-stage rounds.→
- Sep 23, 2026Founders Fund, Khosla Ventures Are Quietly Touring ChinaFounders Fund and Khosla Ventures have each sent partners on extended trips through China to meet AI founders directly, even as both firms' US dollar investment in Chinese startups has fallen sharply over the past several years.→
- Sep 18, 2026AI Infrastructure Financing Just Broke Its Own CeilingCrusoe's $3.9B raise and Bain Capital Ventures' $1.6B 'post-AGI' fund landed in the same 24 hours, and both are the same bet: the compute and services layer under AI is where the money is actually going now.→
- Sep 17, 2026Crusoe Hits Initial Close On $3.9B Series F At $30.9BCrusoe's AI data-center buildout tripled its valuation to $30.9B in under a year, with Nvidia, Founders Fund and three sovereign-linked funds among the backers of the initial close.→
- Sep 17, 2026Crusoe Hits Initial Close On $3.9B Series F At $30.9BAI data-center builder Crusoe announced the initial close of an anticipated $3.9 billion Series F at a $30.9 billion post-money valuation, funding the Abilene, Texas OpenAI campus and a new line of truck-deployable modular data centers.→
- Sep 16, 2026AI Hearing-Aid Startup Fortell Hits $740M ValuationFortell, backed by Founders Fund and Thrive Capital, has raised $163 million and reached a $740 million valuation building AI hearing aids meant to isolate speech from noise in real time.→
- Sep 14, 2026Nine US Rounds, $8.7B, Ten Days: September's Real PaceValue Add Pulse totaled the nine largest US venture rounds of September 5-11 and found $8.7 billion committed, with three deals at $1 billion or more.→
- Sep 9, 2026Cognition Raises $2B, Hits $48B ValuationAI coding startup Cognition raised more than $2 billion at a $48 billion valuation, nearly doubling its mark from four months ago as its annualized revenue grew from $492 million to $900 million.→
- Sep 8, 2026Cognition hits $48B valuation on AI coding boomCognition, maker of the AI coding agent Devin, raised $2 billion at a $48 billion valuation just four months after being valued at $26 billion, with annualized revenue nearly doubling to $900 million.→
- Aug 31, 2026Clay Nears $7B Valuation in New Wellington-Led RoundClay, the AI-powered sales and marketing platform, has inked a new round led by Wellington Management at a $7 billion pre-money valuation -- up from $5 billion in January and $3.1 billion a year ago.→
- Aug 31, 2026Icon Raises $30M From Founders Fund for AI Ad ContentIcon raised $30 million led by Founders Fund to scale its human-creator ad production platform, with OpenAI and DeepMind executives and NFL running back Saquon Barkley among the angels in the round.→
- Aug 20, 2026Fractile Nears $6.5B Value After Anthropic Chip DealUK chip startup Fractile is in talks to raise $600M at a $6.5B valuation, more than 6x its May mark, after agreeing to sell Anthropic $250M of unshipped SRAM-based inference chips.→
- Aug 15, 2026Defense Tech's Funding Surge Shows No Sign of SlowingAugust alone has produced a $250 million Neros Technologies round and a fresh $1.37 billion Hadrian raise, extending a defense-tech funding pace that has now outrun every full prior year on record.→
- Aug 12, 2026Cognition in Talks to Raise at $40B Valuation for Devin AICognition, maker of the AI coding agent Devin, is reportedly in early talks to raise more than $1 billion at a valuation above $40 billion, up from $26 billion three months ago, as its revenue run rate nears $1 billion.→
- Aug 12, 2026Cognition Nears $40B Valuation, Up 50%+ Since SpringAI coding startup Cognition is in early talks for a new round that could value it above $40 billion, more than 50% above the $26 billion mark it set in May, as it approaches a $1 billion annualized revenue run rate.→
- Jul 17, 2026Defense Startup Singularity Raises $80M at $400MDefense-tech startup Singularity raised an $80M Series A at a $400M valuation led by Khosla Ventures and Felicis, adding to a wave of LA-based defense startups drawing venture capital once reserved for software.→
- Jul 16, 2026Founders Fund Hires Ex-OpenAI Exec Ryan BeiermeisterFounders Fund hired former OpenAI executive Ryan Beiermeister, adding frontier-lab operating experience to its investing team as top venture firms compete aggressively to poach talent directly out of leading AI labs.→
- Jul 8, 2026Crypto VC Paradigm Raises $1.2B for AI and RoboticsParadigm, the crypto-focused VC firm founded by Matt Huang and Fred Ehrsam, raised $1.2 billion for a new fund that explicitly broadens its mandate into AI and robotics alongside crypto and fintech.→
- Jul 7, 2026Founders Fund's One-Year Sprint From $4.6B to $6BFounders Fund closed a record $6 billion fourth growth fund in May 2026, barely a year after its $4.6 billion third growth fund, as mega-managers keep out-raising and out-deploying everyone else.→
- Jul 6, 2026Recast Capital: Megafund 'Safety' Is an Illusion for LPsRecast Capital's Sara Zulkosky argues LPs chasing megafund safety are missing that 80% of US venture capital now goes to rounds of $500 million or more spread across just 29 companies, while emerging managers keep finding resilient founders.→
- Jul 6, 2026Crunchbase: It's Time for LPs to Leave the Megafund CrowdA new Crunchbase analysis argues that a year of LP capital rushing toward megafunds out of misplaced fear has left emerging managers underfunded, even as smaller funds have historically outperformed on a vintage-adjusted basis.→
- Jun 26, 2026Defense Startup Stark Raises $569M Led by Founders Fund and SequoiaBerlin-based defense-technology startup Stark raised roughly $569 million in a round led by Founders Fund and Sequoia Capital, one of the largest European defense-tech financings on record. The deal underscores how aggressively top US venture firms are now backing European defense as the continent rearms and attritable autonomous systems reshape the battlefield.→
- Jun 20, 2026Founders Fund Makes an Outlier Bet on Humanely Killed FishFounders Fund backed a startup working on humane fish-harvesting technology -- a deliberately contrarian, non-AI wager from one of tech's most aggressive funds. It's a reminder that even in an AI-saturated cycle, top firms still hunt for asymmetric bets in overlooked physical-world categories.→
- Jun 17, 2026Hydra Host Raises $100M Series A -- Founders Fund and Nvidia Back Bare-Metal GPU InfraHydra Host raised a $100M Series A led by Kindred Ventures, with ARK, Founders Fund, and Nvidia participating, to scale its bare-metal GPU platform. The round is a bet that the AI buildout still needs new ways to provision and access compute, not just more chips.→
- Jun 16, 2026Hydra Host Raises $100M Series A to Broker Idle GPU Capacity for AI LabsHydra Host closed a $100 million Series A led by Kindred Ventures, with Nvidia, ARK Invest, Comcast Ventures and Founders Fund participating, to expand its asset-light 'neocloud' that connects AI builders to dedicated bare-metal GPUs. Its Brokkr operating system standardizes infrastructure across 50+ data centers, positioning Hydra as a broker in the scramble for compute.→
Founders Fund FAQ
What is Founders Fund's latest fund?
Founders Fund Growth Fund IV, closed at $6.02B (As of Mar 23, 2026; SEC EDGAR Form D).
How large are Founders Fund's funds?
Founders Fund funds Value Add tracks include Founders Fund Growth Fund IV ($6.02B, 2026); Founders Fund Growth Fund III ($4.6B, 2025); Founders Fund IX ($971.584M, 2023); Founders Fund Growth Fund II ($3.43B, 2022), out of 12 Founders Fund funds tracked in total.
What companies has Founders Fund invested in?
Founders Fund's portfolio includes Crusoe, Fortell, Anthropic, The Boring Company, Cognition, Polymarket, and 8 more tracked companies.
Who does Founders Fund co-invest with most?
In the rounds Value Add tracks, Founders Fund most often invests alongside Valor Equity Partners (7 shared deals), General Catalyst (6 shared deals), Andreessen Horowitz (5 shared deals), Alpha Wave Global (5 shared deals), Sequoia Capital (5 shared deals).
Sources & methodologyshow
Where these figures come from
- Hydra Hostprimary source1 fact
- PR Newswireprimary source1 fact
- PR Newswireprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.