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Founders Fund closed a $6 billion growth fund, its largest ever, less than a year after its predecessor was spent in under twelve months.
Founders Fund closed a $6 billion growth fund, its largest and fastest-raised to date.
KEY POINTS
- The prior $4.6 billion fund was spent in under twelve months, backing only seven companies.
- Founders Fund invested $1.25 billion in Anthropic and $1 billion in Anduril from the previous fund.
- AI startup costs have transformed venture capital, requiring mega-funds to compete at billion-dollar check sizes.
- The new fund will back about a dozen companies, with $1.5 billion from Founders Fund's own partners.
COMPANIES
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