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BackVC Firm 137 Ventures Raises Over $700 Million for Growth-Stage Investments
VC Firm 137 Ventures Raises Over $700 Million for Growth-Stage Investments
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TechCrunch4/30/2026Business1 min readUnited States

VC Firm 137 Ventures Raises Over $700 Million for Growth-Stage Investments

Fund to back startups in defense, AI, and industrial systems; has deployed $1B in past year

venture capitalgrowth-stage fundingartificial intelligence

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  • 137 Ventures has raised over $700 million across two new growth-stage funds to invest in startups with significant market impact.
  • Founded by former Founders Fund investor Justin Fishner-Wolfson, the firm has deployed more than $1 billion in the past year into defense, AI, and industrial systems companies.
  • Its portfolio includes Cognition, Hadrian Automation, and Andruil.

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VC firm 137 Ventures announced Thursday that it has raised more than $700 million across two new growth-stage funds to back startups "with the potential for significant market impact." In the past year, the firm, founded by former Founders Fund investor Justin Fishner-Wolfson, said it has deployed more than a billion dollars into companies building in defense, AI, and industrial systems. Its portfolio includes AI agent company Cognition, AI-powered manufacturing company Hadrian Automation and, defense company Andruil.

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venture capital
Topicsgrowth-stage fundingartificial intelligencedefense technologystartup investment137 venturesjustin fishner-wolfson
This article was originally published by TechCrunch.

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