SpaceX backer 137 Ventures raises $700M for two growth-stage funds - BERITAJA

VC patient 137 Ventures announced Thursday that it has raised much than $700 cardinal crossed 2 caller growth-stage costs to backmost startups “with the imaginable for important marketplace impact.” 

In the past year, the firm, founded by erstwhile Founders Fund investor Justin Fishner-Wolfson, said it has deployed much than a cardinal dollars into companies building successful defense, AI, and business systems. Its portfolio includes AI supplier institution Cognition, AI-powered manufacturing institution Hadrian Automation and, defense institution Andruil.

It is also, notably, an investor successful Elon Musk’s SpaceX, which is expected to person a historical IPO this twelvemonth that could worth the institution astatine much than a trillion. Bloomberg reported that 137 Ventures first backed SpaceX successful 2010 and has since trim the institution about 2 twelve checks.