Founders Fund Takes a Bigger Bite of Anduril

Two months ago, my colleagues broke the news of Anduril’s latest funding round, slated to value the company at $60 billion. Andreessen Horowitz and Thrive Capital are leading the roughly $4 billion investment, according to a source with direct knowledge of the fundraising efforts. But another investor stands out for the size of its check. Founders Fund is investing about $624 million into the funding round, according to financial documents I reviewed. That means the firm, whose general partner Trae Stephens co-founded the Costa Mesa, Calif.-based startup in 2017, will have sunk at least $2.6 billion into the company when the round closes. The VC firm has invested in all of Anduril’s previous rounds, according to data firm PitchBook.

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