137 Ventures Raises $700M for Growth Funds, Backing Tech Leaders Including SpaceX

On April 30, 2026, 137 Ventures announced the successful closing of over $700 million across two new growth-stage funds, aimed at investing in technology companies with significant market impact. The firm, which has a portfolio that includes SpaceX, Anduril, Gusto, and Ramp, has deployed more than $1.7 billion in the past year into sectors such as AI, defense, and advanced industrial systems. The funds will support startups that are expected to become enduring market leaders over longer time horizons. Justin Fishner-Wolfson, the founder of 137 Ventures, emphasized the need for flexible capital to support these companies through their growth lifecycle. Notably, 137 Ventures has been a long-time investor in SpaceX, which is anticipated to have a historic IPO this year. The firm has raised a total of over $15 billion in assets under management since its inception in 2010.

Key Points: • 137 Ventures raised over $700 million for two new growth-stage funds. • The firm has deployed over $1.7 billion in the past year into key technology sectors. • SpaceX, a major portfolio company, is expected to have a historic IPO this year.