137 Ventures Raises $700 Million for Growth Investments
2 sources·2 updates
Daily snapshot
This topic is included in the Trace archive for Friday, May 1, 2026.
137 Ventures has successfully raised $700 million to establish two new growth-stage funds aimed at investing in startups, including its long-time portfolio company, SpaceX. The firm has been a backer of SpaceX since 2010 and plans to allocate the capital across different investment strategies, focusing on sectors like defense, AI, and industrial systems.
Key Points
$1 billion has been invested by 137 Ventures in startups over the past year.
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