The New Multi Billion Dollar Venture Capital Fund From Peter Thiel

Peter Thiel is one of the most visionary entrepreneurs and investors in the history of technology. And now, he has a new multi billion dollar fund.

‍What’s happening:‍

• Peter Thiel’s Founders Fund has raised $4.6B USD for a new venture capital fund for late stage growth companies
  

Why it matters:‍

• Founders Fund has been one of the most dominant venture capital funds in Silicon Valley, previously making early bets on unicorns including Stripe and Anduril
  

Going deeper:‍

• The new venture capital fund known as Founders Fund Growth III will largely focus on making follow on investments into companies that Founders Fund originally invested into in seed rounds or Series A financings
  
• Founders Fund has also been a large investor in many startups that eventually went public, including Affirm (NASDAQ: AFRM), Palantir (NASDAQ: PLTR) and Meta Platforms (NASDAQ: META)
  

The intrigue:‍

• Founders Fund Growth III was originally aiming to raise $3B USD but upsized the size of the fund due to investor demand

‍