Founders Fund Archives - GenixPlay Studios

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

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 from $13B

Fintech / Sasandara Dilmina

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 $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary

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

Fintech / Sasandara Dilmina

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

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

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

Startups / Sasandara Dilmina

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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Founders Fund’s new $4.6B fund indicates an era of big VC spending

Venture / Sasandara Dilmina

Peter Thiel’s Founders Fund has completed the raise of its third growth fund, according to an SEC filing. Beyond the sum — which is a big step up from its last previous $3.4 billion growth fund closed in early 2022 — there’s a couple of other interesting things to note about this raise. For one, it’s more

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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 / Sasandara Dilmina

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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Founders Fund is about to close another $3B fund

Fundraising / Sasandara Dilmina

Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and Axios also reported. The fund, which is intended primarily for additional investments in its successful late-stage portfolio

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Anduril in talks to raise up to $2.5B at $28B valuation

Startups / Sasandara Dilmina

Just six months after defense tech Anduril raised a massive $1.5 billion round that valued the company at $14 billion, it’s in talks to raise another $2.5 billion, at a valuation of up to $28 billion, sources told CNBC. The deal would, not surprisingly, be led by Founders Fund, which is reportedly writing a $1

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Controversial genetics testing startup Nucleus Genomics raises $14M Series A

Biotech & Health / Sasandara Dilmina

Last week, Founders Fund partner Delian Asparouhov realized he hadn’t checked on his genetics in a while. He clicked open a dashboard created by Nucleus Genomics, a Founders Fund-backed startup that gets saliva samples sequenced and then compares the DNA results to extensive data linking health issues to genes. Within seconds, he concluded that he

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Ken Howery: the tech mogul at the center of Trump’s Greenland ambition

Climate / Sasandara Dilmina

Surprise! Donald Trump’s big, audacious ambition to buy Greenland from Denmark has a tech angle. Ken Howery, named by U.S. President-elect Trump’s pick to be the next ambassador to the country (and thus chief broker of any deal), is one more part of the rich seam of tech people running through Trump’s upcoming administration. Part

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