3 articles tagged with #founders-fund. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
NewLimit, a longevity biotech startup backed by Neil Armstrong's family, raised $435M in Series C funding led by Founders Fund to advance epigenetic reprogramming therapies. The company plans to initiate first-in-human clinical trials for its lead liver cell regeneration program next year following recent breakthrough research results.
Founders Fund is deploying a new $6B fund focused on concentrated mega-bets in AI and defense, with average check sizes of $600M. The firm's previous $4.6B fund was fully deployed in under 12 months, reflecting accelerating late-stage funding velocity as venture capital consolidates around mega-rounds backed by sovereign wealth funds.
Peter Thiel's Founders Fund has exited its position in ETHZilla, a company that held Ethereum as a treasury strategy. The withdrawal highlights the challenges and risks associated with public companies adopting volatile cryptocurrency treasury positions.
