[analyse_image type=”featured” src=”https://techcrunch.com/wp-content/uploads/2023/11/GettyImages-1399595760.jpg?resize=1200,675″]
VC firm 137 Ventures announced Thursday that it has raised more than $700 million across two new growth-stage funds to back startups “with the potential for significant market impact.”
In the past year, the firm, founded by former Founders Fund investor Justin Fishner-Wolfson, said it has deployed more than a billion dollars into companies building in defense, AI, and industrial systems. Its portfolio includes AI agent company Cognition, AI-powered manufacturing company Hadrian Automation, and defense company Anduril.
It is also, notably, an investor in Elon Musk’s SpaceX, which is expected to have a historic IPO this year that could value the company at more than a trillion dollars. Bloomberg reported that 137 Ventures first backed SpaceX in 2010 and has since cut the company around two dozen checks.
[analyse_source url=”https://techcrunch.com/2026/04/30/spacex-backer-137-ventures-raises-700m-for-two-growth-stage-funds/”]