Peter Thiel’s Founders Fund raises $1.5b for new VC war chest

Peter Thiel’s Founders Fund raises $1.5b for new VC war chest

Peter Thiel, co-founder of PayPal Inc., answers a question during a news conference at the National Press Club in Washington, D.C., U.S., on Monday, Oct. 31, 2016. Photographer: Andrew Harrer/Bloomberg

PayPal co-founder Peter Thiel’s venture capital firm Founders Fund has raised $1.5 billion for a new fund that will invest in older, larger companies.