137 Ventures’ $700M raise shows growth capital still wants hardtech upside

Growth investors are still raising serious capital for high-quality private technology companies.

What happened

SpaceX backer 137 Ventures raised $700M for two growth-stage funds.

Why it matters

The firm’s SpaceX exposure makes the raise especially relevant to hardtech and space investors watching late-stage private-market liquidity.

The bigger picture

Even in a more selective market, investors still want access to breakout private companies before they reach public markets.