SpaceX backer 137 Ventures raises $700M for two growth-stage funds

137 Ventures raised more than $700 million across two new growth-stage funds.

The firm said it has recently invested over $1 billion in startups in defense, AI, and industrial systems.

Its portfolio and holdings include Cognition, Hadrian Automation, Anduril, and SpaceX.

The new capital gives 137 Ventures more firepower as interest in these sectors remains strong, with SpaceX’s expected IPO watched closely.