In a significant move underscoring its commitment to frontier technologies, 137 Ventures has secured over $700 million across two new funds. This injection brings the firm’s total assets under management to more than $15 billion as of March 2026, establishing it as a major player in late-stage tech investing. The growth-stage firm, founded in 2010 by Justin Fishner-Wolfson and S. Alexander Jacobson, focuses on providing liquidity to early stakeholders and primary capital to what it calls ‘generational technology companies.’
The newly raised capital is earmarked for high-impact bets in artificial intelligence agents, robotics, advanced industrial systems, and novel aerospace propulsion. Recent additions to its portfolio include Cognition, Impulse Space, Hadrian, and Physical Intelligence—companies specializing in AI copilots, in-space logistics, automated manufacturing, and embodied AI. Over the last year, 137 Ventures has deployed more than $1.7 billion, concentrating its investments in a select few high-conviction opportunities rather than spreading resources thinly across numerous early-stage deals.
A standout in its portfolio is SpaceX, where 137 Ventures has invested across roughly 24 rounds since 2010. Founder Fishner-Wolfson revealed to Bloomberg that the firm now holds over $10 billion worth of SpaceX shares, representing more than 1% of the company. This stake could become one of venture capital’s most lucrative positions if SpaceX proceeds with an initial public offering at a valuation exceeding $1 trillion, as speculated by bankers and secondary-market indicators.
Beyond space, 137 Ventures has backed companies like Anduril, Gusto, and Ramp, reflecting a thesis that AI-powered defense, fintech, and enterprise infrastructure will drive outsized returns as automation reshapes industries. For founders developing AI agents, robotics platforms, or space-adjacent ventures, the new funds signal that 137 Ventures will be an active late-stage partner, particularly for those requiring patient capital for capital-intensive, long-duration projects.