137 Ventures raises $700 million across two new startup funds
Updated
Updated · Bloomberg · Apr 30
137 Ventures raises $700 million across two new startup funds
12 articles · Updated · Bloomberg · Apr 30
Managing partner Justin Fishner-Wolfson said one fund will target primary investments and tenders, while the other will support founders and employees at portfolio startups.
The repeat SpaceX investor said the fresh capital is designed to back startups over longer time horizons.
The fundraising comes as investor interest remains high around Elon Musk-linked companies, with 137 Ventures positioning itself for extended private-market bets.
Beyond capital, how does a dedicated fund for founders differentiate an investor in today's fiercely competitive venture landscape?
In a market chasing AI mega-deals, is 137 Ventures' $700M bet on infrastructure tech a smarter path to long-term growth?
Can VC-backed startups truly solve public infrastructure issues like grid instability, or is this simply a profitable niche for investors?