VC firm 137 Ventures announced on Thursday It has raised more than $700 million in two new growth-stage funds to support startups “with the potential for significant market impact.”
Last year, the firm founded by former Founders Fund investor Justin Fisher-Wolfson said it had deployed more than $1 billion in companies building defense, AI and industrial systems. Its portfolio includes AI agent company Cognition, AI-powered manufacturing company Hadrian Automation and, defense company Andruil.
It is, notably, also an investor in Elon Musk’s SpaceX, which is expected to To launch a historic IPO The company’s value could exceed one trillion this year. bloomberg Told that 137 ventures First supported SpaceX in 2010 and has cut nearly two dozen checks to the company since then.
