Venture-capital fund Founders Fund raises $1 billion

Founders Fund is announcing this evening that it has raised $1 billion for its fifth fund, which will be led by partners Ken Howery, Luke Nosek, Brian Singerman, Peter Thiel, Lauren Gross, Geoff Lewis, and Scott Nolan. Since 2005, Founders Fund has raised over $2 billion and invested in a number of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer. The firm says that Fund V will have a similarly broad investment strategy.