137 Ventures Secures $700 Million for Extended-Horizon Startup Investments

137 Ventures, a long-term backer of Elon Musk’s SpaceX, has successfully raised $700 million across two new investment vehicles. The firm intends to use this capital to support early-stage and growth companies over extended time horizons, signaling a commitment to patient capital in the current venture environment. The fundraise comes as 137 Ventures continues to leverage its history with high-growth aerospace and technology ventures. Having first invested in SpaceX in 2010, the firm is positioning itself to capture value in the private markets ahead of potential liquidity events for its portfolio companies. Managing Partner Justin Fishner-Wolfson clarified that the capital will be split into two distinct funds. The first will focus on primary investments and tender offers, while the second is dedicated to providing liquidity for founders and employees of startups already backed by the firm. This strategic move underscores the ongoing demand for secondary market access in high-valuation private companies. By providing a path to liquidity for employees and founders, 137 Ventures aims to strengthen its relationships within the startup ecosystem while maintaining exposure to disruptive technologies.