Founders Fund completes the largest fundraising in history, raising $6 billion

Mars Finance News, according to market sources, Silicon Valley top investor Peter Thiel’s venture capital fund Founders Fund has raised $6 billion to invest in late-stage companies, marking the largest fundraising in the institution’s history. Most of the funds—$4.5 billion—come from limited partners, including sovereign wealth funds. An insider said the remaining $1.5 billion comes from senior management and employees of Founders Fund, including Peter Thiel himself. The fund’s fourth growth-stage investment fund was quickly assembled less than a year after the launch of the previous fund, making it the fastest fund replacement in Founders Fund’s twenty-year history. The rapid launch of a larger fund reflects the rising demand for massive financing from mature startups, which are increasingly inclined to raise capital from private investors rather than public markets. Other venture capital firms are also raising billions of dollars for late-stage investments, partly because tech companies need more funds to cover expensive computing resources. For example, Sequoia Capital recently raised about $7 billion for a new fund to increase investments in large companies; Thrive Capital also raised a $10 billion fund, its largest ever.