Investing Profile

Trae Stephens(1)

VCAngelInvestor

Partner at Founders Fund

foundersfund.com/team/trae-st...San Francisco, California

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Networks Trae is a member of

NewCo Network

1585 CONNECTIONS

NewCo Network

1585 CONNECTIONS

NewCo Network

1585 CONNECTIONS

Top-Patents Network

1031 CONNECTIONS

Top-Patents Network

1031 CONNECTIONS

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Current Investing Position

Founders Fund Partner

Investment Range

$500K - $150.0M

Sweet Spot

$5.0M

Investments On Record

Current Fund Size

$3B

Trae Stephens is on these Sector & Stage Rankings

GovTech (Seed)GovTech (Series B)GovTech (Series A)Consumer Internet (Series B)Enterprise (Series B)Investors who were founders Enterprise (Series A)Consumer Internet (Seed)San Francisco Bay Area Angel, Scout, and Solo-Capitalists Consumer Internet (Series A)Enterprise (Seed)

Trae Stephens's Investments On Record (24)

Company	StageDateRound Size	Total Raised
Nominal	Series BMar 2026$80M Series BJun 2025$75M SeedApr 2024$8M	$190M
Co-investors: Alfred Lin (Sequoia Capital), Ravi Mhatre (Lightspeed Venture Partners), Guru Chahal (Lightspeed Venture Partners), Bilal Zuberi (Lux Capital), Kyle Lui (Bling Capital), Matthew Cowan (Next47)
Outtake	Series BJan 2026$40M	$40M
Erebor Bank, N.A.	Series UnknownDec 2025$350M	$350M
Co-investors: Peter Thiel (Founders Fund), Trevor Paladino (Lakeside Capital)
Substrate	Series AOct 2025$100M	$110M
Co-investors: Hemant Taneja (General Catalyst), Garry Tan (Initialized Capital), Immad Akhund (Y Combinator), Will Gaybrick
Dirac	SeedAug 2025$11M	$11M
Eight Sleep	Series DAug 2025$100M Series CAug 2021$86M Series CNov 2019$40M	$250M
Co-investors: Hemant Taneja (General Catalyst), Ryan Petersen (Founders Fund), Jason Calacanis (Sequoia Capital), Igor Ryabenkiy (Altair Capital Management), Jared Friedman (Israel Defense Forces), David Sacks (Craft Ventures), Sahin Boydas (Angel investor), Shawn Dimantha (Angel investor), Chris Moreno (Xeal), Alexander Piskunov (KAAN Ventures), Naval Ravikant (Sm4rt Predictive Systems), Niv Dror (Shrug Capital), James Murphy (Proton Enterprises), Rahul Vohra (Todd and Rahul's Angel Fund), Scott Belsky (A24), Kal Vepuri (Brainchild), Bryan Rosenblatt (Craft Ventures), Babak Nivi
Armada	Series UnknownJul 2025$130M SeedFeb 2023$13M	$240M
Co-investors: James Currier (NFX), Shahin Farshchi (Lux Capital), Mislav Tolusic (Marlinspike), Kerem Ozmen (8090 Industries), Larry Chu (Stealth Company (Omid E. Izadjou)), Michael Stewart (M12)
Varda	Series CJul 2025$190M Series BApr 2024$90M SeedDec 2020$9M	$500M
Co-investors: Peter Thiel (Founders Fund), Sahin Boydas (Angel investor), Mike Annunziata (Also Capital), Jon Dishotsky (Daft Capital), Ben Braverman (Saga), Raymond Tonsing (Caffeinated Capital), Nitesh Banta (Stellar Capital), Naval Ravikant (Sm4rt Predictive Systems), Joao Otavio Oliverio (Clube FII), Frank Taylor (Virginia Venture Partners), William Miller, Mattia Astori, Austin Ogilvie, Sohila Zadran, Vineet Jain