Hello, tech enthusiasts! Today, we’re diving into an exciting development in the venture capital landscape.

Peter Thiel’s Founder’s Fund has just announced the successful completion of its third growth fund, raising an impressive $4.6 billion according to recent SEC filings.

This remarkable figure marks a significant increase from their previous growth fund of $3.4 billion that closed in early 2022.

Interestingly, this new round of fundraising surpassed initial expectations, which were reported to be around $3 billion earlier this year.

It appears that the Founder’s Fund continues to attract a multitude of limited partners, with a record 270 LPs participating in this latest fund.

While many venture capitalists are currently focused on AI investments, Founder’s Fund is also making waves in the defense tech sector, showcasing a diverse portfolio.

Within their impressive lineup are investments in notable companies like Anduril and SpaceX, solidifying their influence in the tech space.

In conclusion, the rise of Founder’s Fund signals a vibrant shift in the venture capital world, indicating renewed confidence and opportunities ahead.