VC agency 137 Ventures announced Thursday that it has raised greater than $700 million throughout two new growth-stage funds to again startups “with the potential for important market impression.”
Previously yr, the agency, based by former Founders Fund investor Justin Fishner-Wolfson, stated it has deployed greater than a billion {dollars} into firms constructing in protection, AI, and industrial techniques. Its portfolio contains AI agent firm Cognition, AI-powered manufacturing firm Hadrian Automation and, protection firm Andruil.
It is usually, notably, an investor in Elon Musk’s SpaceX, which is anticipated to have a historic IPO this yr that might worth the corporate at greater than a trillion. Bloomberg reported that 137 Ventures first backed SpaceX in 2010 and has since minimize the corporate round two dozen checks.
