Founders Fund — 2025 Investments

Roam makes homeownership more affordable by providing a more user-friendly experience around real estate, the largest asset class globally.

FintechPropTech

RSRaunaq Singh(Founder)in

Co-investorsFIFifth WallKHKhosla VenturesATAt One VenturesMYMythos Ventures Management, LlcRERenew CapitalEQEquator+1 more

Ubyx is building a clearing and acceptance network for tokenized money and stablecoins, aimed at banks, payment providers, and financial institutions.

Cloud ComputingCrypto & Web3Enterprise SoftwareFintech

TMTony McLaughlin(CEO & Founder)inASArafat Sheik Jabbar(Product Director)inDPDarko Pilav(Chief Technology Officer)inDBDeborah Barta(Chief Growth Officer)inEAElsie Akinsanya(Chief People Officer)inIHIan Horne(Chief Marketing Officer)in

Co-investorsCOCoinbase VenturesVAVanEckMIMirana VenturesGAGalaxy VenturesGRGreycroftLALayerZero Labs+1 more

Valthos develops AI systems to identify biological threats and design medical countermeasures in real time for biodefense applications.

AI & Machine LearningBiotechDefense TechNew York, US

Kathleen McMahon(Founder)inTess van Stekelenburg(Founder)

BoardTVTess Van Stekelenburg(Director)in

Co-investorsLULux CapitalOPOpenAI Startup Fund

Hadrian operates AI-powered precision manufacturing factories for the aerospace and defense industrial base, producing precision components and offering manufacturing capacity as a service.

Advanced ManufacturingAI & Machine LearningDefense TechRoboticsTorrance, US

Christopher Power(Executive Officer, Director, Promoter)TCThomas Cobbs(Founder)inChris Power(Founder)Maurice Clin(Founder)Olivier Beg(Founder)Rogier Fischer(Founder)

Board seatDADelian Asparouhov· per SEC Form D

Co-investors13137 VenturesANAndreessen HorowitzCACapitalGCOCommodity CapitalCOConstruct CapitalCUCubit Capital+23 more

Mach Industries designs and manufactures defense systems including unmanned aerial systems, precision munitions, high-altitude surveillance platforms, and propulsion testing capabilities for military applications.

Deep TechDefense TechHardwareHuntington Beach, US

ETEthan Thornton(Founder)inBrendan Cooney(Executive Officer)inAshton Bennett(Founder)

BoardGLGeoff Lewis(Director)inLewis Geoff(Director)

Board seatKeith Rabois· per SEC Form D · $102M raise · filed Jun 2025

Co-investorsALAloft VCBEBedrockBIBig Brain HoldingsBOBoxGroupCHChampion Hill VenturesCOCoalition+21 more

Ramp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements.

AI & Machine LearningFintechSaaSNew York, US

KAKarim Atiyeh(Founder)inEGEric Glyman(Founder)inGLGene Lee(Founder)inScott Bulua(Executive Officer)inRahul Sengottuvelu(Chief Technology Officer)inWilliam (Will) Petrie(Chief Financial Officer)in

Board seatKRKeith Rabois· per SEC Form D

Co-investors1/1/1 Capital13137 Ventures8V8VCA*A*ALAlpha Wave GlobalANAnti+73 more

Addis Energy develops technology that combines oil and gas engineering expertise with advanced research to access energy and resources from subsurface geology.

CleantechDeep TechEnergySomerville, US

Michael Alexander(Founder)inCharlie Mitchell, P.E.(Founder)inIwnetim Iwnetu Abate(Director)Oliver Charles Mitchell(Director)

BoardLMLaurie Menoud(Director)inMKMichael Kearney(Director)in

Co-investorsATAt One VenturesBLBlindspot Ventures Management CoPIPillar VCTHThe Engine VenturesVOVoyager PartnersKHKhosla Ventures

Aven is a San Francisco fintech offering a home-equity-backed Visa credit card and related asset-backed consumer credit products.

SKSadi Khan(Founder)inMSMurtada Shah(Founder)inCWCollin Wikman(Founder)inANAlmaz Nanjappa(Founder)JSJeremy Solomon(Founder)Usman Ghani(Founder)

PartnerKRKeith Rabois· led

Co-investorsCACaffeinated CapitalCOCoatue ManagementCOCollective LiquidityELElectric CapitalGEGeneral CatalystGEGeneral Partnership+16 more

Develops edible, natural coatings and feed additives to extend the shelf life of perishable foods such as fish, seafood, meat, fruits and vegetables, and to improve poultry and aquaculture farm productivity.

BiotechCircular EconomyFoodTechNew Materials

Co-investorsADADB VenturesIMImpact Ventures Management Pty LtdLULux CapitalOPOpenAI Startup Fund

BuildOps provides operational management software for commercial contractors, integrating project management, accounting, and AI-driven intelligence to streamline field-to-ledger workflows across North America.

AI & Machine LearningConstruction TechEnterprise SoftwareSaaSLos Angeles, US

ACAlok Chanani(Founder)inSCSteve Chew(Founder)inNeeraj Mittal(Founder)Neetha Chanani(Founder)

Co-investors0101 Advisors13137 Ventures191984 Ventures Management, LlcALAlpha EdisonB B Capital GroupB4B4 Capital+17 more

Citrea is a zero-knowledge rollup and application layer built on Bitcoin, letting institutions, users, and developers build and use non-custodial Bitcoin applications (₿apps).

Co-investorsMAMaven 11ZEZero Knowledge Validator (ZKV)GAGalaxy VenturesMIMirana Ventures

Comprehensive provides AI-powered compensation analytics and benchmarking software for managing employee pay, equity, and pay equity analysis.

AI & Machine LearningHR TechSaaSSan Francisco, US

RLRoger Lee(Executive Officer, Director, Promoter)inTSTeddy Sherrill(Executive Officer, Director, Promoter)in

Co-investorsFLFloodgateINInspired CapitalJUJude GomilaSOSoma Capital8V8VCACAccess Industries+14 more

Cue develops configuration management tools that help organizations prevent misconfigurations in infrastructure and complex JSON/YAML files, a leading cause of outages.

Cloud ComputingData & InfrastructureDeveloper Tools

Co-investorsDEDell Technologies CapitalSESequoia CapitalOSOSS Capital

EnduroSat develops and operates satellites and avionics systems to democratize access to space intelligence and satellite-based services.

Deep TechHardwareSpace TechSofia, BG

RRRaycho Raychev(Founder)in

Co-investorsFRFreigeist CapitalGVGV (Google Ventures)OMOmnes CapitalRIRiot VenturesATAtreides ManagementENEndeavor Catalyst+4 more

Enter offers heat pumps and photovoltaic systems for homeowners, including online building analysis, expert consultation, system sizing, and installation through certified regional SHK (heating and plumbing) master contractors.

CleantechClimate TechEnergy

Co-investorsCOCoatue ManagementFOFoundamentalGEGerman Media PoolLOLoric VenturesNOnoaPAPartech Ventures+8 more

Erebor is a US national bank in Columbus, Ohio serving AI, crypto, defense and advanced manufacturing companies.

Palmer Luckey(Founder)

Co-investorsAMAmbush CapitalANAndreessen HorowitzANAntiARArctic DigitalBABalerion Space VenturesCACastle Island Ventures+24 more

Eternal is a personalized health platform that combines wearable data, lab results, and AI coaching to deliver customized podcasts, daily texts, and in-person care for fitness, health, and longevity.

HealthtechLongevityWellness & FitnessNew York, US

Co-investorsBLBling CapitalFLFlare Capital PartnersJAJAZZ Venture PartnersNENext VenturesTETerrainTRTreble Capital+3 more

Flock Safety provides a platform that connects neighborhoods, businesses, and law enforcement to share verified incident information and enable coordinated emergency response based on shared evidence.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareGovTechHardwareSaaSAtlanta, US

GLGarrett Langley(CEO)inMFMatt Feury(CTO)inPaige Todd(Founder)John Nystrom(Platform Lead)Tom Pethtel(Camera Software Lead)Megan Adcock(Megan)

Co-investorsA*A*ANAndreessen HorowitzANAnorak VenturesBEBedrockCOCoatue ManagementCRCRV (Charles River Ventures)+26 more

Gecko Robotics builds robots equipped with sensors and cameras to inspect industrial structures like boilers for structural defects, replacing dangerous manual inspections at height.

Advanced ManufacturingAI & Machine LearningDeep TechRoboticsPittsburgh, US

JLJake Loosararian(Cofounder & CEO)inTDTroy Demmer(Cofounder)inIan Miller(CTO)inFalon Fox(Director of HR \u0026 TA)Jaclyn Goldstein(Head of Recruiting)Nate Kurtz(Technical Recruiter)

PartnerTSTrae Stephens· quoted

Co-investorsALAlpha PartnersBABase Venture Management, Inc.COCox EnterprisesCUCubit CapitalDRDrive CapitalFEFewture+47 more

Lighter is a zero-knowledge rollup built on Ethereum that enables high-speed, low-cost onchain trading through cryptographic proofs of order matching and liquidations.

Crypto & Web3FintechCambridge, US

VNVladimir Novakovski(Founder)inAlexis Fox(Executive Officer, Director)Micah Risk(Executive Officer)Ronald Pastore(Executive Officer, Director)

BoardSusan E Vitka(Director)LFLisa Feria(Director)in

Co-investorsABAbstract VenturesALAlumni VenturesANAndreessen HorowitzANAntiBLBlue Horizon CorporationCHChapter One+16 more

Little Umbrella develops social and AI-powered games that combine established game genres with AI mechanics for dynamic stories and personalized gameplay.

AI & Machine LearningGamingSocial

Co-investorsBRBreakpoint CapitalDIDisrupt.comA1A16Z SpeedrunANAndreessen HorowitzGFGFR FundREReinvent Capital+1 more

Magdrive develops electric propulsion systems for satellites, specifically the Warlock thruster which uses metal propellant and plasma generation to deliver high thrust in a compact form factor.

Deep TechHardwareSpace TechLondon, GB

TCThomas Clayson(Founder)inMSMark Stokes(Co-founder & CEO)inMark A. Stokes(Founder)

Co-investors7P7percent VenturesALAlumni VenturesBABalerion Space VenturesENEntrepreneur FirstOUOutsized VenturesREredalpine

Modern Marketing Today is a digital community platform where thought leaders share marketing strategies and best practices, with content focused on tech-driven innovation and AI adoption in the marketing sector.

Marketing TechMedia & Entertainment

Co-investorsARArray Ventures Management LlcADAdditionNENew York Life VenturesTHThrive CapitalTRTrue VenturesUPUpfront Ventures

Modern Animal operates a network of veterinary clinics providing primary care, urgent care, 24/7 virtual consultations, and pharmacy services for pet owners.

ConsumerHealthtechLos Angeles, US

SESteven Eidelman(Founder)in

Co-investorsBABAM VenturesBOBoxGroupDCDCM VenturesGRGreen Meadow VenturesLOLong Journey VenturesTRTrue Ventures+5 more

Netic builds production-grade AI systems that automate end-to-end workflows for essential service industries including home services, automotive, and consumer healthcare.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSan Francisco, US

MTMelisa Tokmak(Founder)inBLBrandy Loudermilk(Operations/Customer Success executive at Netic (exact current title unconfirmed))in

BoardMVMike Volpi(Board Member; General Partner, Hanabi Ventures/Capital (investor))in

Co-investorsAVavraDADay One VenturesDYDylan FieldELElad GilGRGreylock PartnersHAHanabi Capital+2 more

Network Bio activates biobanks through securitization and capital infusion, providing research-grade data assets and operational infrastructure for precision medicine and biomedical research.

BiotechData & InfrastructureDigital Health

Co-investorsARArtis VenturesBRBreyer CapitalS3S32

Virtual reality headset maker founded in 2012 by Palmer Luckey; acquired by Facebook in 2014 for about $2 billion.

Menlo Park, US

NMNate Mitchell(Founder)Brendan Iribe(Founder)Michael Antonov(Founder)Palmer Luckey(Founder)

Co-investors8V8VCANAndreessen HorowitzKAKayak VenturesMAMatrixSPSpark Capital

Identity verification enabling companies to confirm their users' identities.

CYCharles Yeh(Founder)in

Co-investorsFEFelicis VenturesFIFirebolt Ventures Management Company, LlcFIFirst Round CapitalINIndex VenturesINInsight PartnersKAKarma Ventures+7 more

Prime Intellect provides an integrated platform for training, deploying, and continuously improving custom AI models, combining compute resources, reinforcement learning tools, evaluations, and inference services.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

VWVincent Weisser(Founder)inJHJohannes Hagemann(Founder)inVincent Weisser Johannes Hagemann(Founder)

BoardDKDavid Katz(Director)in

Co-investorsAMAmbush CapitalCOCoinFundCOCollab+CurrencyCOCompoundDEDell Technologies CapitalINIntel Capital+9 more

PsiQuantum builds fault-tolerant quantum computers using photonic qubits and semiconductor manufacturing processes.

Deep TechHardwareQuantum ComputingSemiconductorsMoreton Bay, AU

PTProf. Terry Rudolph(Co-founder & Chief Architect)DPDr. Pete Shadbolt(Co-founder & Chief Scientific Officer)inPMProf. Mark Thompson(Co-founder & Chief Technology Officer)JOJeremy O'Brien(Co-founder & Executive Chairman)inVPVictor Peng(Chief Executive Officer)inMark Thompson(Founder)

Co-investorsATAtomicoBLBlackbird VenturesC4C4 VenturesCOCold Start VenturesFOFOG VenturesFPFPV+40 more

Radiant Nuclear develops Kaleidos, a portable nuclear microreactor designed to replace diesel generators for remote locations and provide resilient backup power to hospitals, datacenters, and military installations.

Deep TechEnergyHardwareEl Segundo, US

DBDoug Bernauer(Founder)inBUBob Urberger(Founder)in

Co-investorsACAcequia Capital (AceCap)ALAlign VenturesANAndreessen HorowitzBEBeyond CapitalCACantos VenturesCACarbon+27 more

Roam is a company building an online workplace product, presented through its team and leadership page.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSNew York City, US

HLHoward Lerman(Founder)inGSGrace Sutherland(Founder)inSMSean MacIsaac(Founder)inJon Brod(Founder)Raunaq Singh(Founder)Tom Dixon(Founder)

Co-investorsARArrington CapitalBEBetaworksGAGaingelsIVIVP (Institutional Venture Partners)PRProtagonistRERenew Capital+8 more

Roam is a platform that generates playable games from simple inputs, turning users into game creators.

Creator EconomyGaming

Co-investorsGAGaingelsSTStreamlined VenturesATAt One VenturesEQEquatorKHKhosla VenturesRERenew Capital+1 more

High-accuracy location SDK and APIs for developers building location-aware applications.

Co-investorsKAKane & Rao GroupRORockstartKHKhosla Ventures

Roam Media operates Outside Learn, an online learning platform offering more than 4,000 videos across 1,000 lessons in climbing, skiing, fitness, yoga, backpacking, and nutrition.

EdTechMedia & EntertainmentSports Tech

Co-investorsADAdvancit CapitalBLBlack Jays VenturesMIMiroma VenturesATAt One VenturesCOCourtside VenturesEQEquator+3 more

Siren Biotechnology develops next-generation AAV (adeno-associated virus) platforms for gene therapy applications, including gene repair, gene transfer, and gene editing.

BiotechDigital HealthMedical DevicesSan Francisco, US

Dr. Nicole Paulk(CEO, Founder, and President)inLKLauren Kelly(Founder)inSharon Tetlow(Director)Brad Allen(Director)

Co-investorsARArtis VenturesAVAvilaCACarnrite VenturesCICivilization Ventures Management, LlcGAGaingelsHAHAWKTAIL+4 more

SpacePharma develops pharmaceutical research and manufacturing systems designed to operate in microgravity environments aboard satellites and spacecraft.

BiotechDeep TechMedical DevicesSpace Tech

Yossi(Co-Founder & CEO)Martin(Co-Founder, General Manager)

Co-investorsSTState of Mind VenturesALAlso CapitalCACaffeinated CapitalKHKhosla VenturesLULux CapitalSHShrug Capital

Speak is an AI-powered language learning app that acts as a speaking-focused language tutor for individual learners.

AI & Machine LearningConsumerEdTechSocialSan Francisco, US

AHAndrew Hsu(Co-founder/CTO)inConnor Zwick(Founder/CEO)Colton Gyulay(Data \u0026 NLP Engineer)inAbbie Clifford(Recruiter)Maricel Lomonico(Lead Recruiter)MLMichael Lam(Product)in

Co-investorsACAccelANAngel Collective Opportunity FundCOCollaborative FundFIFirebolt Ventures Management Company, LlcGSGSV VenturesKHKhosla Ventures+22 more

Substrate is developing a U.S.-based semiconductor foundry, inventing technology aimed at extending Moore's Law while lowering the cost of leading-edge fabs and the wafers they produce.

Deep TechHardwareSemiconductors

Co-investorsGEGeneral CatalystINIn-Q-TelLOLong Journey VenturesVAValor Equity Partners

Tera AI develops foundation models for autonomous systems that enable real-time navigation and mapping on resource-constrained hardware using monocular cameras, applicable across diverse platforms.

AI & Machine LearningDeep TechRoboticsSan Francisco, US

TZTony Zhang(Founder)in

Co-investorsFEFelicis VenturesILilab AcceleratorINInovia CapitalZYZypsy Capital808090 IndustriesAFAfore Capital+13 more

Traversal builds an agentic AI system that uses machine learning to autonomously analyze telemetry data and troubleshoot production incidents for enterprise software teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareNew York City, US

AAAnish Agarwal(Founder)inRDRaaz Dwivedi(Founder)inRARaj Agrawal(Founder)inALAhmed Lone(Founder)inRaj Agarwal(Founder)

Co-investors51515 VenturesFOFoundation CapitalHAHanabi CapitalKLKleiner PerkinsSESequoia CapitalSVSV Angel+15 more

The company builds technology focused on improving patient outcomes in healthcare.

BiotechDeep TechMedical Devices

Hunter Davis(Founder)Laura Deming(Founder)

Co-investorsAGage1LULux CapitalFIField Ventures

Voya develops metal fuels technology that converts recycled metals into a carbon-free, energy-dense fuel, along with a new category of energy generation devices to deliver electricity independent of the grid.

CleantechClimate TechEnergy

RWRichard Wang(Chief Executive Officer)inMHMatt Horton(Chief Commercial Officer)inSKSteven Kaye(Chief Technology Officer)in

Co-investorsENEnergy Impact PartnersINIn-Q-TelSESeven Stars Ventures808090 IndustriesKLKleiner PerkinsLILiquid Ventures+3 more