Founders Fund

Founders Fund, Inc. is a venture capital firm headquartered in San Francisco, California, established in 2005. The firm specializes in investing across various stages, including seed, early, mid, and growth stages, with a focus on transformative technologies. Founders Fund targets a wide range of sectors, such as aerospace, artificial intelligence, advanced computing, biotechnology, cybersecurity, energy, fintech, and consumer internet. The firm aims to support companies that are developing revolutionary technologies and typically invests between $500,000 and $300 million in its portfolio companies. Founders Fund's partners have a strong background in technology, having been investors, founders, and early employees of notable technology companies, including PayPal. The firm seeks to make investments globally, emphasizing innovation and impact.

Delian Asparouhov

Principal

Leigh Marie Braswell

Principal

Lauren Gross

Partner and COO

Jeffrey Lonsdale

Managing Director, Asia

John Luttig

Principal

Amin Mirzadegan

Principal

Scott Nolan

Partner

Luke Nosek

Managing Partner

Neil Ruthven

CFO

Brian Singerman

Partner

Napoleon Ta

Partner

Matias Van Thienen

Principal

Past deals in Steel

Hgen

Seed Round in 2024
Hgen specializes in producing affordable green hydrogen, targeting significant reductions in carbon emissions across various industries. The company develops modular electrolyzers that facilitate the generation of green hydrogen from renewable energy sources. This technology is particularly aimed at decarbonizing challenging sectors, such as steel and ammonia production, which are traditionally difficult to address in terms of emissions. By providing accessible green hydrogen solutions, Hgen supports industries in their efforts toward deep decarbonization, contributing to a more sustainable future.

Hgen

Seed Round in 2022
Hgen specializes in producing affordable green hydrogen, targeting significant reductions in carbon emissions across various industries. The company develops modular electrolyzers that facilitate the generation of green hydrogen from renewable energy sources. This technology is particularly aimed at decarbonizing challenging sectors, such as steel and ammonia production, which are traditionally difficult to address in terms of emissions. By providing accessible green hydrogen solutions, Hgen supports industries in their efforts toward deep decarbonization, contributing to a more sustainable future.

Modumetal

Venture Round in 2019
Modumetal, Inc. is a manufacturer and developer of nano laminated metals and materials, founded in 2006 and headquartered in Seattle, Washington, with an additional sales office in The Woodlands, Texas. The company specializes in producing industrial-scale nanolaminated alloys that are stronger and lighter than steel, as well as more corrosion-resistant and durable than traditional metals. By utilizing electricity instead of heat in their manufacturing process, Modumetal reduces environmental impact while delivering high-performance solutions. Their products, which include customized alloys, coatings, fasteners, pumps, valves, and production tubulars, cater to various industries, including energy, aerospace, automotive, defense, infrastructure, and construction. Modumetal's technology enables these sectors to enhance performance and achieve cost-effective alternatives to conventional materials.

Plethora

Venture Round in 2015
Plethora Corporation, founded in 2012 and headquartered in San Francisco, California, specializes in precision machining services, particularly in CNC machining, milling, and turning. The company works with materials such as aluminum alloys, copper alloys, plastics, steels, and stainless steels. Plethora serves a diverse range of industries, including robotics, automotive, aerospace, and consumer packaged goods, primarily within the United States. Utilizing advanced robotics and proprietary software, Plethora transforms customer designs into custom parts and offers design feedback directly from clients' CAD models, enhancing the manufacturing process. Additionally, Plethora maintains an office in Marietta, Georgia, to support its operational capabilities.

Modumetal

Venture Round in 2015
Modumetal, Inc. is a manufacturer and developer of nano laminated metals and materials, founded in 2006 and headquartered in Seattle, Washington, with an additional sales office in The Woodlands, Texas. The company specializes in producing industrial-scale nanolaminated alloys that are stronger and lighter than steel, as well as more corrosion-resistant and durable than traditional metals. By utilizing electricity instead of heat in their manufacturing process, Modumetal reduces environmental impact while delivering high-performance solutions. Their products, which include customized alloys, coatings, fasteners, pumps, valves, and production tubulars, cater to various industries, including energy, aerospace, automotive, defense, infrastructure, and construction. Modumetal's technology enables these sectors to enhance performance and achieve cost-effective alternatives to conventional materials.

Plethora

Series A in 2014
Plethora Corporation, founded in 2012 and headquartered in San Francisco, California, specializes in precision machining services, particularly in CNC machining, milling, and turning. The company works with materials such as aluminum alloys, copper alloys, plastics, steels, and stainless steels. Plethora serves a diverse range of industries, including robotics, automotive, aerospace, and consumer packaged goods, primarily within the United States. Utilizing advanced robotics and proprietary software, Plethora transforms customer designs into custom parts and offers design feedback directly from clients' CAD models, enhancing the manufacturing process. Additionally, Plethora maintains an office in Marietta, Georgia, to support its operational capabilities.

Plethora

Seed Round in 2013
Plethora Corporation, founded in 2012 and headquartered in San Francisco, California, specializes in precision machining services, particularly in CNC machining, milling, and turning. The company works with materials such as aluminum alloys, copper alloys, plastics, steels, and stainless steels. Plethora serves a diverse range of industries, including robotics, automotive, aerospace, and consumer packaged goods, primarily within the United States. Utilizing advanced robotics and proprietary software, Plethora transforms customer designs into custom parts and offers design feedback directly from clients' CAD models, enhancing the manufacturing process. Additionally, Plethora maintains an office in Marietta, Georgia, to support its operational capabilities.
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