San Francisco – Venture capital firm Founders Fund, which
has backed companies including Facebook, Spotify and Quantcast, announced on
Tuesday that it has closed its third venture fund at $250 million, its largest
San Francisco-based Founders Fund is managed by Peter Thiel, Ken Howery,
Luke Nosek and Sean Parker.
"Our goal is to provide as much support for a
company as it requires, without interfering with an entrepreneur’s vision for
that company," said Thiel. "In our experience that leads to the best
returns for our investors."
"We’re delighted that our limited
partners have backed us for a third fund," added Howery, "and we’ll
use that fund to continue supporting transformational companies."