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Cooley News - Founders Fund Closes \$4.6 Billion Growth III Fund
webPeripheral relevance to AI safety; Founders Fund invests in AI and defense tech (e.g., Anduril), so this capital raise may influence AI development trajectories, but the document itself is a legal press release with no direct safety content.
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Importance: 12/100news articlenews
Summary
Cooley LLP advised Founders Fund on the close of its $4.6 billion third growth fund, Founders Fund Growth III, announced August 4, 2025. This press release documents a major capital raise by one of Silicon Valley's prominent venture capital firms, which has previously invested in defense and AI companies like Anduril Industries.
Key Points
- •Founders Fund closed its third growth fund at $4.6 billion, a substantial raise for the San Francisco-based VC firm.
- •Cooley LLP served as legal counsel, led by partners John Dado, Jimmy Matteucci, and Eric Doherty.
- •Founders Fund has prior ties to AI/defense investments, including co-leading Anduril Industries' $1.5B Series F in 2024.
- •The fund size signals continued strong investor appetite for late-stage growth capital in tech sectors including AI and defense.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| Founders Fund | Organization | 50.0 |
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Press Release
# Founders Fund Closes $4.6 Billion Growth III Fund
August 4, 2025
San Francisco August 4, 2025
* * *
Cooley recently advised Founders Fund, a San Francisco-based venture capital firm, on the close of its $4.6 billion third growth fund, Founders Fund Growth III.
Lawyers John Dado, Jimmy Matteucci and Eric Doherty led the Cooley team advising Founders Fund.
Cooley previously advised Founders Fund in connection with the closings of its prior funds and recently [as a co-lead investor in Anduril Industries’ $1.5 billion Series F funding round in 2024](https://www.cooley.com/news/coverage/2024/2024-08-07-founders-fund-co-leads-andurils-1-5-billion-series-f).
About Cooley LLP
* * *
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation.
Cooley has nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe, and a total workforce of more than 3,000 people.
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