137 Ventures Closes $700 Million in New Funds, Lifting AUM Above $15 Billion

New updates have been reported about 137 Ventures.

137 Ventures has raised over $700 million across two new funds, pushing its assets under management beyond $15 billion and reinforcing its position as a major growth-stage investor in private technology companies such as Anduril, Gusto, Ramp, and SpaceX. Founder and Managing Partner Justin Fishner-Wolfson said the firm is focused on backing category-defining technology businesses that can compound over decades, noting that longer and more complex private company lifecycles demand flexible, long-duration capital.

Over the last 12 months, 137 Ventures has deployed more than $1.7 billion, concentrating capital into a selective set of opportunities that include new investments in Cognition, Impulse Space, Hadrian, and Physical Intelligence, all operating at the intersection of AI, defense, and advanced industrial systems. To support the expanded platform and capital base, the firm has strengthened its leadership bench, appointing Ashley Steinberg as Head of Strategic Initiatives, hiring Lindsay Searer as Head of Fund Strategies, and promoting James Pardee to Partner, moves Fishner-Wolfson framed as critical to executing 137 Ventures’ strategy of structuring tailored solutions across the entire growth lifecycle of its portfolio companies.