137 Ventures has secured over $700 million across two new funds, pushing its total assets under management past $15 billion as it ramps up investments in AI agents, robotics, advanced industries, and space technologies.
Summary
The Silicon Valley-based firm, known for backing SpaceX, has closed two fresh funds totaling more than $700 million, significantly expanding its capital base. This brings its overall AUM to above $15 billion as of early 2026, reinforcing its position as a major player in late-stage tech investing.
Founded by Justin Fishner-Wolfson and S. Alexander Jacobson, the firm continues to focus on high-impact, next-generation technologies. The new capital will primarily target sectors such as AI-driven agents, robotics, advanced manufacturing systems, and aerospace propulsion.
Recent portfolio additions include companies working on AI copilots, space logistics, precision manufacturing, and embodied AI—areas that align with the firm’s strategy of concentrating large investments into a smaller number of high-conviction bets. Over the past year alone, it has deployed more than $1.7 billion into select opportunities.
A standout part of its portfolio remains its stake in SpaceX. 137 Ventures now holds over 1% of the company, with founder Fishner-Wolfson estimating the position to be worth more than $10 billion. If SpaceX moves forward with a potential IPO at a valuation exceeding $1 trillion, this could become one of the most significant venture investments to date.
Beyond space, the firm has also backed companies like Anduril, Gusto, and Ramp—reflecting its broader thesis that AI-powered infrastructure across defense, fintech, and enterprise sectors will drive the next wave of growth.
With these new funds, 137 Ventures is positioning itself as a key backer for startups building capital-intensive technologies that sit at the intersection of AI, automation, and space innovation.
