137 Ventures

The firm’s releases differ on its founding year. Its 2014 announcement names Justin Fishner-Wolfson, S. Alexander Jacobson and Kathy H. Chan as 2010 co-founders; its 2019 and 2021 releases use 2011. Its 2026 release again dates Fishner-Wolfson and Jacobson’s start to 2010. The 2021 retrospective dates the first fund to 2011.⁠[2][3][4][5]

Fishner-Wolfson and Jacobson met at Founders FundFounders FundFounders Fund is a venture capital firm founded in San Francisco in 2005 by Peter Thiel and his former PayPal colleagues Ken Howery and Luke Nosek. Run by partners who were entrepreneurs themselves, it argues that founders should keep more control and is known for betting on difficult technology projects in areas such as space, defense, and artificial intelligence. It was Palantir’s first institutional investor, has invested in SpaceX many times since 2008, and its other notable investments include Facebook, Airbnb, Stripe, and Anduril; as of March 2026 it had raised nine early-stage funds and four growth funds.Open the full entry. In 2010, Facebook employee friends asked Fishner-Wolfson about obtaining cash against private shares for needs such as housing and student loans. He and Jacobson subsequently left Founders Fund to address liquidity needs arising from longer private-company lifecycles.⁠[4]

On July 9, 2014, 137 Ventures announced its oversubscribed $137 million second institutional fund and more than $250 million in AUM. Named investments included SpaceXSpaceXSpaceX is a company founded by Elon Musk in 2002 whose businesses include space transportation, Starlink satellite communications and artificial intelligence. It went public in 2026 under the ticker SPCX.Open the full entry, SpotifySpotifySpotify is an audio streaming subscription service offering on-demand music, podcasts, and audiobooks through a free ad-supported service and a paid Premium subscription. Its parent company, Spotify Technology S.A., is incorporated in Luxembourg, has its principal operations in Stockholm, Sweden, and is listed on the New York Stock Exchange (ticker SPOT). It helped move the recorded-music business from buying and owning music to on-demand streaming and is one of the largest audio streaming subscription services by users.Open the full entry, Eventbrite, PalantirPalantirPalantir is a U.S. enterprise software company founded in 2003 that provides data and artificial intelligence platforms including Gotham, Foundry, Palantir Apollo, and AIP, serving government and commercial organizations. The company went public through a direct listing in 2020 and now trades on Nasdaq under the ticker PLTR.Open the full entry, Apptio and Jumio; earlier liquidity events included SolarCity and 2U IPOs and Yahoo’s TumblrTumblrTumblr is a blogging and social platform founded in New York by David Karp in 2007, built mainly around images, short posts, and reblogs. Yahoo acquired Tumblr for about $1.1 billion in 2013, after which it passed with Yahoo into Verizon’s ownership; in 2019 Automattic, the parent company of WordPress.com, acquired Tumblr from Verizon.Open the full entry acquisition. Alda Leu Dennis joined as investment partner and Andrew Hansen as CFO.⁠[2]

A March 12, 2019 announcement said Fund IV had closed in early 2018 at $210 million, with firm AUM exceeding $1 billion and backing from endowments, foundations and family offices. Largest positions then included SpaceX, Wish, Flexport and Gusto. The 2021 announcement subsequently described Fund IV as a $250 million fund; the amounts reflect different disclosures.⁠[3][4]

In March 2019, Ching Wu joined as operating partner and head of investor relations after marketing and investor-relations roles at Canvas Ventures and Morgenthaler Ventures. Andrew Hansen became operating partner, COO and CFO in February, overseeing compliance, finance and administration; his earlier employers included Founders Fund and HSBC.⁠[3]

On November 2, 2021, 137 Ventures announced the $350 million Fund V and approximately $2 billion in AUM, with existing limited partners providing most capital. The fund primarily offered customised shareholder liquidity alongside smaller primary-round investments. The firm had invested in more than 75 companies, 13 of which had gone public.⁠[4]

On April 30, 2026, 137 Ventures announced more than $700 million across two new funds. As of March, AUM exceeded $15 billion across nine institutional funds and other dedicated strategies and vehicles. It said deployment over the preceding 12 months exceeded $1.7 billion, with recent investments in CognitionCognitionCognition is a U.S. artificial intelligence company founded by Scott Wu, Walden Yan and Steven Hao that develops the autonomous AI software engineer Devin. It launched Devin in March 2024, acquired the AI coding tool Windsurf in July 2025, and announced a Series E exceeding $2 billion at a $48 billion valuation in September 2026. Its annualized revenue passed $1 billion that month.Open the full entry, Impulse Space, Hadrian and Physical IntelligencePhysical IntelligencePhysical Intelligence (π or Pi for short) is a San Francisco–based robotics AI company that develops general-purpose foundation models for many kinds of robots; its best-known work includes the π0 family of models.Open the full entry.⁠[5]

The same announcement named Ashley Steinberg, formerly of The Boring CompanyThe Boring CompanyAn American tunneling company founded by Elon Musk that develops Prufrock machines and builds and operates Loop transportation systems.Open the full entry, as head of strategic initiatives; Lindsay Searer, formerly of Pathstone, as head of fund strategies; and James Pardee as a newly promoted partner.⁠[5]

On November 9, 2026, Onodrim IndustriesOnodrim IndustriesOnodrim Industries is an Amsterdam-based European defence and industrial scale-up platform that expands established producers’ capabilities through technology, capital and operational support.Open the full entry announced a $300 million Series A at a $1.3 billion valuation, led by Lux CapitalLux CapitalLux Capital is a U.S. venture capital firm founded in 2000 by Peter Hébert, Josh Wolfe and Robert Paull, with offices in New York and Silicon Valley. Focused on emerging science and technology, the firm backs companies in fields including life sciences, artificial intelligence, robotics, manufacturing, aerospace and defense through fund investments and by helping to found companies.Open the full entry with 137 Ventures, General CatalystGeneral CatalystGeneral Catalyst (GC) is an investment firm founded in 2000 and headquartered in San Francisco, United States, created by Joel Cutler, David Fialkow and Bill Fitzgerald, that backs companies from the seed stage through growth.Open the full entry, LakestarLakestarLakestar is a technology investment firm founded by Klaus Hommels in 2012, active in early-stage and growth investing and defence and dual-use technology.Open the full entry, Altimeter CapitalAltimeter CapitalAltimeter Capital is a US technology investment firm founded by Brad Gerstner in 2008, investing through public and private market funds. Its legal entity is Altimeter Capital Management, LP, with offices in Menlo Park and Boston. Disclosed investments include Snowflake financing, Grab’s listing transaction and AI company financing.Open the full entry and 8090 Industries8090 Industries8090 Industries is an investment firm headquartered in New York that backs early- to growth-stage companies in industrial sectors including advanced manufacturing and supply chains, AI infrastructure, aerospace and defense, and energy. It was co-founded by Kerem Ozmen and Rayyan Islam, and its investors are mainly families and institutions around the world that operate major industrial enterprises; as of August 2026, it managed about $1.382 billion in assets.Open the full entry among participants. Onodrim co-founder Christian Garrett is also an investment partner at 137 Ventures.⁠[6][7]

The website lists Justin Fishner-Wolfson as managing partner; S. Alexander Jacobson, Christian Garrett, James Pardee and Nicholas Procaccini as investment partners; Andrew Hansen as partner, CFO and COO; and Alexandra Andorfer as general counsel and chief compliance officer. Fishner-Wolfson previously worked at Founders Fund and earned StanfordStanford UniversityStanford University is a research university in California founded by Leland and Jane Stanford in 1885 and opened in 1891.Open the full entry degrees in management science and engineering and computer science, becoming a Kauffman Fellow and Mayfield Fellow.⁠[8][9]

Jacobson was an entrepreneur-in-residence at Founders Fund and led SpaceX diligence. He founded Shop.com, Virtual Office and Interband and earned a BrownBrown UniversityBrown University is a private nonprofit research university in Providence, Rhode Island, and a member of the Ivy League. Chartered by Rhode Island's colonial legislature in 1764, it is known for its undergraduate Open Curriculum, which has no common required core. Christina H. Paxson, president since July 2012, announced on August 3, 2026, that the 2026–27 academic year would be her last in office. As of October 1, 2026, the search for Brown's 20th president remained underway.Open the full entry cognitive-science degree. He is also a founding investor in ImmuneBridge, founding adviser to Armada and adviser to Strategy Capital. Garrett joined from Caerus Investment Advisors in 2019, co-founded The Hill & Valley Forum and serves on the Bernard Garrett Sr Foundation board. He earned an education degree at Kansas, playing basketball for four years with four Big 12 titles and a 2012 Final Four appearance.⁠[10][7]

The official website is https://www.137ventures.com/ (opens in a new window). Its portfolio page displays only positions valued or exited at $5 million or more; “Former” includes public listings and IPO, SPAC or M&A exits, so it is not a complete investment history. The website identifies 137 Ventures Management LLC as an SECU.S. Securities and Exchange CommissionThe U.S. Securities and Exchange Commission is the federal securities regulator of the United States. Created during the Great Depression by the Securities Exchange Act of 1934 and led by five commissioners, it has a three-part mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation.Open the full entry-registered investment adviser and states loans are arranged or made under California Financing Law licences; registration does not certify investment skill.⁠[11]