137 Ventures has raised over $700m throughout two new funds, lifting AUM above $15b because it doubles down on AI brokers, robotics, superior trade and a $10b‑plus SpaceX stake.
Abstract
- SpaceX backer 137 Ventures has closed greater than $700 million throughout two new funds, lifting its property beneath administration above $15 billion.
- The expansion-stage agency says the contemporary capital will goal excessive‑affect know-how bets in AI brokers, robotics, superior industrial methods, and aerospace propulsion.
- 137 Ventures now owns greater than 1% of SpaceX, a stake its founder values at over $10 billion forward of a possible IPO that might see the rocket firm valued above $1 trillion.
San Francisco–primarily based 137 Ventures has raised over $700 million for 2 new funding automobiles, in response to TechFundingNews and a separate press launch.
New funds push 137 Ventures previous $15b AUM
The closings convey the agency’s whole property beneath administration to greater than $15 billion as of March 2026, cementing its standing as one of many bigger specialist progress funds backing late‑stage know-how corporations.
137 Ventures, based in 2010 by Justin Fishner‑Wolfson and S. Alexander Jacobson after their time at Founders Fund, focuses on “generational know-how corporations” and sometimes gives liquidity options to founders and early workers alongside main capital.
Betting on AI brokers, robotics, and propulsion
In its announcement, 137 Ventures mentioned the brand new funds will again corporations “working on the frontier of AI, protection, and superior industrial methods,” highlighting classes corresponding to AI brokers, robotics, and novel aerospace propulsion as key focus areas.
Latest disclosed portfolio additions embrace Cognition, Impulse House, Hadrian, and Bodily Intelligence—startups engaged on AI copilots, in‑house logistics, automated precision manufacturing, and embodied AI, respectively.
Over the previous 12 months, the agency has deployed greater than $1.7 billion, concentrating capital into a comparatively small variety of excessive‑conviction positions relatively than spreading bets throughout a whole bunch of smaller seed offers.
That technique matches with a broader enterprise shift towards fewer, bigger rounds in corporations seen as core infrastructure for AI and house, at the same time as total VC volumes in crypto and tech have cooled.
A $10b‑plus SpaceX stake forward of a trillion‑greenback IPO
137 Ventures’ largest swing stays its place in SpaceX, the place it has invested throughout roughly two dozen rounds since 2010.
Agency founder Justin Fishner‑Wolfson advised Bloomberg that “at this level we personal nicely over I believe $10 billion {dollars}” of SpaceX shares, including that the stake represents “greater than 1%” of the corporate.
That publicity may change into one of many largest single‑place wins in trendy enterprise historical past if SpaceX proceeds with an extended‑mentioned IPO at a valuation north of $1 trillion, as some bankers and secondary‑market indications recommend.
Past SpaceX, 137 Ventures has backed names like Anduril, Gusto, and Ramp, reflecting a thesis that AI‑enabled protection, fintech, and enterprise infrastructure will generate outsized returns as automation and autonomy reshape each digital and bodily industries.
For founders constructing AI brokers, robotics platforms, or house‑adjoining companies, the brand new funds imply 137 Ventures might be an much more lively late‑stage counterparty—particularly for groups on the lookout for buyers snug underwriting capital‑intensive, lengthy‑period bets.
