137 Ventures

United States
Late Stage
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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

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

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

Key GPs & Partners

JFW
Justin Fishner-Wolfson
Founder & Managing Partner
patient-capitalcontrarianthesis-driven

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Fund Overview

Fund Size$700M
Saves0

Key People

Justin Fishner-WolfsonFounder & Managing Partner

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