Founders Fund

Hadrian raises $260M to build out automated factories for space and defense parts

Startups /

Investors are continuing to rally behind the call to reindustrialize American industry, this time by building out a $260 million war chest for automated manufacturing startup Hadrian to scale its factory footprint and make even more machine parts. Hadrian’s aim is to modernize American manufacturing by leveraging advance automation to deliver mass-produced parts for aerospace […]

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Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

Venture /

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx’s fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these

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Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Startups /

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm,

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In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

Fintech /

Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary

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Anduril raises $2.5B at $30.5B valuation led by Founders Fund

Startups /

Founders Fund has led another, enormous round for defense tech startup Anduril with a $1 billion investment as part of a new $2.5 billion raise, the largest check the firm has ever written. Existing investors also piled in, an Anduril spokesperson tells TechCrunch. Anduril has now doubled its valuation to $30.5 billion with this series

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Khosla’s Keith Rabois leads $11.5M Series A for startup Roam, calls it ‘the future of the housing market’

Startups /

During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%.  The whiplash has left many people seeking to buy homes

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