Wednesday 21, July 2010 by
Founders Fund raises $250 million for third venture fund
Founders Fund, the venture backer of companies including Facebook, Spotify, and SpaceX, has closed its third venture fund. The Founders Fund III LP and its parallel funds were oversubscribed, reaching the firm's cap of $250 million in commitments, making the Fund III suite the firm's largest yet. The substantial majority of commitments came from limited partners of the firm's prior funds, joined by a small number of new investors.
