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founders fund raises 4.6 billion for late stage venture investments

Founders Fund, co-founded by Peter Thiel, has closed a $4.6 billion late-stage venture fund, Founders Fund Growth III, with contributions from 270 investors. This significant capital raise reflects the firm's evolution from a $50 million fund in 2005 and comes amid a challenging IPO market, highlighting the need for private capital to support mature startups like SpaceX and Stripe until market conditions improve.
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