Investing Profile

Trae Stephens(1)

VCAngelInvestor

Partner, Founders Fund; Co-Founder, Anduril

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

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Networks Trae is a member of

Georgetown University Network

65 CONNECTIONS

Palantir Technologies Network

16 CONNECTIONS

Founders Fund Network

13 CONNECTIONS

Find Trae Stephens on

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 (22)

Company	StageDateRound Size	Total Raised
Substrate	Series AOct 2025$100M	$110M
Co-investors: Paul Kwan (General Catalyst), Nnamdi Iregbulem (Lightspeed Venture Partners), Garry Tan (Y Combinator), Immad Akhund, Will Gaybrick, Guillermo Rauch
Dirac	SeedAug 2025$11M	$11M
Co-investors: Jackson Moses (Afore Capital)
Eight Sleep	Series DAug 2025$100M Series CAug 2021$86M Series CNov 2019$40M	$250M
Co-investors: Fred Ehrsam (Paradigm), Ryan Petersen (Founders Fund), Igor Ryabenkiy (Altair Capital Management), Naval Ravikant (The Hit Forge), Jesse Robbins (Heavybit), Sophia Amoruso (Trust Fund), Shawn Dimantha (Angel investor), Jared Friedman (Y Combinator), Bryan Rosenblatt (Craft Ventures), Kevin Hartz (A* Capital (A Star Capital)), Jason Calacanis (LAUNCH), Ankur Nagpal (Vibe Capital), Alex Rodriguez (Vision/Capital/People (VCP)), Patrick O'Shaughnessy (Positive Sum VC), Geoffrey Woo (Anti fund), Avlok Kohli (AngelList), Todd Goldberg (Todd and Rahul's Angel Fund), Niv Dror (Shrug Capital), James Murphy (Proton Enterprises), Rahul Vohra (Todd and Rahul's Angel Fund), Kal Vepuri (Brainchild), Alexander Piskunov (KAAN Ventures), Chris Moreno (Infinite Niches), Kevin Hart, Kyle Vogt, Anthony Pompliano, Matthew Dellavedova, Karim Atiyeh, Sahil Lavingia, Moshe Lifschitz, Babak Nivi, Scott Belsky, Sahin Boydas, Marcy Simon
Armada	Series UnknownJul 2025$130M SeedFeb 2023$13M	$240M
Co-investors: Viviana Faga (Felicis Ventures), James Currier (NFX), Jackson Moses (Afore Capital), Shahin Farshchi (Lux Capital), Mislav Tolusic (Marlinspike), Michael Stewart (M12), Kerem Ozmen (8090 Industries), Ron Pragides, Eric Futoran
Varda	Series CJul 2025$190M Series BApr 2024$90M SeedDec 2020$9M	$500M
Co-investors: Delian Asparouhov (Founders Fund), Peter Thiel (Founders Fund), Josh Wolfe (Lux Capital), David Beazley (Alumni Ventures ), Mike Annunziata (Also Capital), Raymond Tonsing (Caffeinated Capital), Naval Ravikant (The Hit Forge), Nitesh Banta (Stellar Capital), Frank Taylor (Virginia Venture Partners), Jon Dishotsky (Daft Capital), Kyle Tibbitts (Paradox Capital), Ben Braverman (Saga), Mattia Astori, Vineet Jain, Justin Mateen, Sahin Boydas, Sohila Zadran, Joao Otavio Oliverio, Austin Ogilvie, William Miller
Nominal	Series BJun 2025$75M SeedApr 2024$8M	$130M
Co-investors: Delian Asparouhov (Founders Fund), Alfred Lin (Sequoia Capital), Paul Kwan (General Catalyst), Kyle Lui (DCM), Josh Wolfe (Lux Capital), Bilal Zuberi (Lux Capital), Matthew Cowan (Next47)
Gecko Robotics	Series DJun 2025$130M Series CDec 2023$100M Series CMar 2022$73M	$350M
Co-investors: Joe Lonsdale (8VC), Justin Kan (Goat Capital), Deep Nishar (General Catalyst), Paul Buchheit (Y Combinator), Ana Levine (E1 Ventures), Gaetano Crupi (Prime Movers Lab), Philip Carson (Cubit Capital), Sebastian Bausch (11k Ventures), Jake Seid (Ballistic Ventures), Mark Kvamme (Drive Capital), Mark Cuban, Louis Beryl, Thomas Tull, Joshua Reeves, Vivek Patel, Natasha Ahmed, Zachary Hargreaves, Emil Lee, Gokul Rajaram
Anduril Industries	Series GJun 2025$2.5B Series FAug 2024$1.5B	$11B
Co-investors: Katherine Boyle (Andreessen Horowitz), Paul Kwan (General Catalyst), Raviraj Jain (Lightspeed Venture Partners), David Ulevitch (Andreessen Horowitz), Joe Lonsdale (8VC), Hemant Taneja (General Catalyst), Peter Thiel (Founders Fund), Brian Singerman (Founders Fund), Jackson Moses (Afore Capital), Lachy Groom (LGF), Josh Manchester (Champion Hill Labs), Sebastian Bausch (11k Ventures), Mislav Tolusic (Marlinspike), Ana Levine (E1 Ventures), Stu Shea (01 Advisors), Michael Chase (Outliers Fund), Greg Castle (Anorak Ventures), Geoff Lewis (Bedrock Capital), Ross Fubini (XYZ Venture Capital), Brian Rabben (Rabben Hood Ventures), Mircea Pasoi, Thomas Tull, Elad Gil, William Miller, Stephen Romanoff, Mattia Astori, Fanny Surjana, Richard Cooperstein