Growth-stage venture firm 137 Ventures, a key backer of SpaceX and Anduril, has closed over $700 million in new capital to continue providing flexible, long-term financing to private technology leaders.
Back
Back
137 Ventures raises over $700 million for enduring tech leaders
Growth-stage venture firm 137 Ventures announced the closing of over $700 million across two new funds, a move that lifts its total assets under management to more than $15 billion and reinforces its strategy of supporting high-growth technology companies through longer private lifecycles. The firm is a notable investor in category leaders including Anduril, Gusto, Ramp, and SpaceX.
"The next generation of iconic companies will take shape over longer time horizons and with greater complexity," said Justin Fishner-Wolfson, Founder and Managing Partner at 137 Ventures. "Supporting them requires a different kind of capital - more flexible and designed for decades. That's what we're building at 137."
The fundraise follows an active year for the firm, which deployed more than $1.7 billion over the past 12 months. The firm, started in 2010 by Fishner-Wolfson and S. Alexander Jacobson after their time at Founders Fund, has now raised nine institutional funds and other dedicated investment vehicles.
This new capital highlights a growing demand for specialized financing solutions for mature, venture-backed companies that are opting to stay private longer. By providing this flexible capital, 137 Ventures allows founders and employees to gain liquidity without forcing a premature IPO or sale, positioning itself as a crucial partner for companies navigating extended growth stages.
A Focus on Frontier Technology
137 Ventures has continued to concentrate its capital in select opportunities, with recent investments in companies operating at the frontier of AI, defense, and advanced industrial systems. New additions to its portfolio include Cognition, Impulse Space, Hadrian, and Physical Intelligence. These investments align with the firm's thesis of backing "category-defining technology companies with the potential to become enduring long-term compounders and market leaders."
Scaling the Platform
Alongside its platform expansion, 137 Ventures has also been investing in its team and capabilities. Recent personnel moves include hiring Ashley Steinberg, formerly of The Boring Company, as Head of Strategic Initiatives and Lindsay Searer, formerly of Pathstone, as Head of Fund Strategies. The firm also promoted James Pardee to Partner. "This fund reflects not just the opportunity we see in the market, but the people we've brought together to execute on it," Fishner-Wolfson said.
This article is for informational purposes only and does not constitute investment advice.
[1] Founders Fund invests an additional approximately $624 million in Anduril, positioning for the AI military market[2] 137 Ventures Raises Over $700 Million Across Two New Funds, Surpasses $15 Billion in AUM[3] SpaceX backer 137 Ventures raises $700M for two growth-stage funds[4] 137 Ventures raises $700M as Philly VC hits $2.17B[5] VC firm 137 Ventures secures $700M for growth-stage bets
