Fund profile / United States

137 Ventures

Geography: United States
Stage: Late Stage
Fund size: $700M
Focus: AI/ML, Deep Tech and Defense
Signals: Published

N°01 / About

About 137 Ventures

137 Ventures has closed over $700M across two new vehicles, pushing AUM past $15B. Focuses on late-stage growth and secondaries in AI, defense, advanced industrials, and frontier tech. Notable positions include SpaceX and other pre-IPO tech companies. One of the largest dedicated late-stage/secondary vehicles in venture.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageLate Stage

Industry Focus

AI/ML

Deep Tech

Defense

Investor Signals Profile

active

Sweet Spot

Generational tech founders at pre-IPO scale in AI, defense, frontier

late-stage growth

secondaries

pre-IPO

AI infrastructure

frontier tech

Bullish Signals

$700M new, $15B+ total AUMblog

Major SpaceX position, IPO upsideblog

Largest dedicated late-stage vehicleblog

Multi-stage flexibility for generational companieswebsite

Multi-stage investment firm confirmedfresh website content

Partners with generational tech founderswebsite

Investing in the Future brand positioningfresh website content

Contrarian Signals

Late-stage valuations stretchedblog

Concentration in few mega-betsblog

Founder Do's

Late-stage or pre-IPO companies

Strong revenue and growth metrics

AI, defense, or frontier tech

Secondary liquidity opportunities

Generational technology scale potential

Founder Don'ts

No early-stage seed deals

Avoid consumer-only businesses

Skip sub-$100M valuations

18 signals on 137 Ventures

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Facts

Fund Overview

Fund Size$700M

Saves0

Website

People

Key People

Justin Fishner-WolfsonFounder & Managing Partner

N°04 / See also

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