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

According to market news, Silicon Valley's 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. A source familiar with the matter stated that 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 established less than a year after the launch of the previous fund, making it the fastest transition to a new fund in Founders Fund's twenty-year history.

The rapid launch of a larger fund reflects the rising demand for substantial financing from mature-stage startups, which are increasingly inclined to raise funds from private investors rather than the public market. Other venture capital firms are also raising billions of dollars for late-stage investments, partly because tech companies need more capital to afford expensive computing resources. For example, Sequoia Capital recently raised about $7 billion for a new fund to increase investments in large companies; Thrive Capital has also raised a fund of $10 billion, marking its largest scale in history.