137 Ventures

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.

Investment Focus

Location / RegionUnited States

Funding StageLate Stage

Industry Focus

Ai Ml

Deep Tech

Defense

Investor Signals Profile

active

Sweet Spot

Pre-IPO founders in AI, defense, and frontier tech seeking growth capital

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

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

Founder Don'ts

No early-stage seed deals

Avoid consumer-only businesses

Skip sub-$100M valuations

Key GPs & Partners

JFW

Justin Fishner-Wolfson

Founder & Managing Partner

patient-capitalcontrarianthesis-driven

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Fund Overview

Fund Size$700M

Saves0

Website

Key People

Justin Fishner-WolfsonFounder & Managing Partner