San Francisco – Founders Fund, the San Francisco-based technology investment firm, said on Thursday it has raised $625 million for its fourth suite of funds.
The firm, which was an early backer of companies including Facebook, Palantir Technologies, Spotify, SpaceX, Discovery Engine and ZocDoc, will invest the new capital in a mix of early-stage technology start-ups and follow-ons.
Targeted sectors will include aerospace, artificial intelligence, analytical software, emerging biotechnologies, robotics, education and consumer Internet.
Founders Fund is managed by partners Peter Thiel, Ken Howery, Luke Nosek, Bruce Gibney and Brian Singerman. The team also includes Sean Parker, co-founder of Napster, the first president of Facebook and co-founder of portfolio company Airtime.
This article was also published in Bay Area Tech Wire.
Press release – http://tinyurl.com/842sltkPhoto by Flickr user epSos.de, used under Creative Commons license