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), Guillermo Rauch, Immad Akhund, Will Gaybrick
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), Ankur Nagpal (Vibe Capital), Shawn Dimantha (Angel investor), Alex Rodriguez (Vision/Capital/People (VCP)), Patrick O'Shaughnessy (Positive Sum VC), Geoffrey Woo (Anti fund), Avlok Kohli (AngelList), Chris Moreno (Infinite Niches), Todd Goldberg (Todd and Rahul's Angel Fund), Niv Dror (Shrug Capital), James Murphy (Proton Enterprises), Rahul Vohra (Todd and Rahul's Angel Fund), Jared Friedman (Y Combinator), Kal Vepuri (Brainchild), Naval Ravikant (The Hit Forge), Bryan Rosenblatt (Craft Ventures), Kevin Hartz (A* Capital (A Star Capital)), Jason Calacanis (LAUNCH), Jesse Robbins (Heavybit), Sophia Amoruso (Trust Fund), Alexander Piskunov (KAAN Ventures), Kevin Hart, Kyle Vogt, Anthony Pompliano, Sahin Boydas, Matthew Dellavedova, Karim Atiyeh, Sahil Lavingia, Moshe Lifschitz, Babak Nivi, Scott Belsky, 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), Michael Stewart (M12), Kerem Ozmen (8090 Industries), Mislav Tolusic (Marlinspike), 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 ), Raymond Tonsing (Caffeinated Capital), Naval Ravikant (The Hit Forge), Nitesh Banta (Stellar Capital), Kyle Tibbitts (Paradox Capital), Ben Braverman (Saga), Frank Taylor (Virginia Venture Partners), Mike Annunziata (Also Capital), Jon Dishotsky (Daft Capital), Mattia Astori, Vineet Jain, Justin Mateen, Sohila Zadran, Joao Otavio Oliverio, Austin Ogilvie, William Miller, Sahin Boydas
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), Philip Carson (Cubit Capital), Sebastian Bausch (11k Ventures), Gaetano Crupi (Prime Movers Lab), Jake Seid (Ballistic Ventures), Mark Kvamme (Drive Capital), Paul Buchheit (Y Combinator), Ana Levine (E1 Ventures), Mark Cuban, Joshua Reeves, Vivek Patel, Zachary Hargreaves, Gokul Rajaram, Thomas Tull, Louis Beryl, Natasha Ahmed, Emil Lee
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), Ross Fubini (XYZ Venture Capital), Mislav Tolusic (Marlinspike), Brian Rabben (Rabben Hood Ventures), Ana Levine (E1 Ventures), Stu Shea (01 Advisors), Michael Chase (Outliers Fund), Greg Castle (Anorak Ventures), Geoff Lewis (Bedrock Capital), Lachy Groom (LGF), Josh Manchester (Champion Hill Labs), Sebastian Bausch (11k Ventures), Elad Gil, William Miller, Thomas Tull, Richard Cooperstein, Mircea Pasoi, Fanny Surjana, Stephen Romanoff, Mattia Astori