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The Latest Breaking News from Founders Fund

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Armada came out of stealth in 2023, and has so far raised $100 million, having just announced its Series A in December. And now, Fortune can exclusively report, it has scored another $40 million from Microsoft’s venture fund, M12.

Fortune

Exclusive: Wholesale marketplace unicorn Faire elevates CFO Lauren Cooks Levitan to president

Since its launch in 2017, the startup has raised over $1 billion from investors such as Sequoia Capital, Founders Fund, Y Combinator, Khosla Ventures, and Lightspeed Venture Partners.

Fortune

AfterHour raises $4.5 million seed round

After Hour recently raised its $4.5 million seed round, Fortune can exclusively report. Founders Fund and General Catalyst led the round, and were joined by Pear VC and others.

Fortune

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Ex-Polygon team secures $43 million Series A round for blockchain-scaling solution Avail

Cofounder Anurag Arjun says Web3’s success will hinge on each of the tens of thousands of blockchains interacting with one another seamlessly—or risk a fragmented user experience.

Fortune

a16z and Founders Fund lead $13.5 million round for crypto onboarding startup Dynamic Labs

The company previously raised $7.5 million in a seed round led by a16z.

Fortune

Former Googler Adrian Aoun raises $100 million for walk-in AI healthcare pods

Health tech startup Forward plans to roll out the CarePod in several US cities, backed by a fresh round of funding from Khosla Ventures, Founders Fund, Softbank, and Samsung Next.

Fortune

CEO of Ozempic prescription startup Calibrate steps down as investors eye ‘rapid downsizing’ of consumer business

Calibrate CEO Isabelle Kenyon is stepping down as chief executive and will no longer oversee day-to-day operations.

Fortune

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Layer N’s $5 million round includes support from Peter Thiel-backed Founders Fund

The layer-2 blockchain built on Ethereum is coming out of stealth mode.

Fortune

Inside Peter Thiel’s powerful Silicon Valley network which started with a student paper

The Stanford Review has helped Thiel created a vast and powerful interconnected web.

Fortune

Peter Thiel launched a student newspaper 36 years ago. It has quietly become one of the surest paths to success in Silicon Valley

The conservative Stanford Review didn’t change many minds on campus. But its alums have transformed the tech ecosystem.

Fortune

Elon Musk-Backed Brain Chip Company Neuralink Gets $280 Million In Funding

Neuralink receives approval from the FDA for human experiment trials as experimentation looms.

Zenger

Maverick Protocol raises $9 million to challenge decentralized exchanges like Uniswap

Decentralized finance protocols saw increased trading volume shortly after the SEC sued Binance.

Fortune

David Sacks: The controversial entrepreneur hosting Ron DeSantis 2024 event with Elon Musk

South African-born venture capitalist has stirred controversy with his stance on the Russian invasion of Ukraine

The Independent UK

Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall

In the wake of the bank’s crisis, venture capitalists have been trading accusations over who is responsible for the collapse

The Guardian - US

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Fortune

Peter Thiel says he had millions stored in SVB

After his VC firm came under fire for its role in causing the SVB bank run, Peter Thiel had his defense ready.

Fortune

Regulators shut down SBV after bank run

How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now?

Axios

Silicon Valley Bank spooks Silicon Valley

Several top VC firms, including Coatue and Founders Fund, today suggesting pulling money out of SVB.

Fortune

Peter Thiel’s Founders Fund generated more than $1 billion by offloading an 8-year Bitcoin bet just before markets soured

Founders Fund first bought Bitcoin in 2014 when the cryptocurrency traded for under $1,000.

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Reason

Mike Solana Wants You To Commit Thoughtcrimes

The Hereticon organizer on deplatforming, tribalism, and why tech dudes and journalists are natural enemies

Reason

Mike Solana: 'Thought Crime' Is Essential to Progress

The Founders Fund vice president and Pirate Wires author on supporting heretics as a means of social and economic innovation.

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