Golden
Gigafund

Gigafund

Gigafund is an investment fund focused on investing in technology companies with long term potential that is headquartered in Austin, Texas and was founded in 2017 by Luke Nosek and Stephan Oskoui. Notable investments made by Gigafund include: SpaceX , Golden, Luminous Computing, and The Boring Company.

Gigafund is a venture capital and private equity firm that is headquartered in Austin, Texas and was founded in 2017 by Luke Nosek (a member of the PayPal mafia and partner at Founders Fund) and Stephan Oskoui (former venture partner at FoundersFund and CEO of Smiley Media). The company focuses its investments in technology companies with long term potential. Co-founder Luke Nosek left Founders Fund, a venture capital firm he co-founded with Peter Thiel, to start Gigafund. When leaving the Founders Fund, the company released a public statement regarding Nosek leaving the company he co-founded by saying:

 "Luke is leaving Founders Fund to launch a new endeavour. His unwavering commitment to entrepreneurs and passion for technology shaped the founding ethos of Founders Fund. We are grateful for his contributions and wish him well. 

Initially Nosek's plans for Gigafund was to focus the firms efforts on raising money for SpaceX to ensure the company is not held back by financial constraints, but after the company successfully invested in SpaceX Gigafund began focusing on investing in other companies. 

Investment funds

On July 26, 2017 Gigafund filed a Sec D form detailing Gigafunds first investment fund. The company successfully raised $100 million in funding according to the Sec D form. The form listed Luke Nosek and Stephen Oskoui as the partners of Gigafund. At the time of Sec D filing for their first fund Gigafund's official address was 1220 Seaport Blvd, Redwood City, California.

Investments

SpaceX

Gigafund's largest investment was in SpaceX on May 24, 2019. The company participated in a venture funding round held by SpaceX. Co-founder of Gigafund, Luke Nosek, has served on the board of SpaceX since 2008, and led the first venture investment from the Founders Fund into SpaceX.

Luminous Computing

On June 4, 2019 Gigafund lead the seed funding round for Luminous Capital. 

The Boring Company

On July 25, 2019 Gigafund participated in a venture funding round held by The Boring Company. 

Golden

On May 1, 2019 Gigafund co-led the seed funding round for Golden. 

Timeline

July 26, 2017

Raising of first investment fund

On July 26, 2017 Gigafund filed a Sec D form detailing Gigafunds first investment fund. The company successfully raised $100 million in funding according to the Sec D form.

2008

Partner Luke Nosek was the first venture capital investor to back SpaceX (with a $20 million investment in 2008), Gigafund began investing $100's of millions into SpaceX after partnering with Stephen Oskoui.

2001

After the $1.5 billion sale of PayPal to eBay in 2001, Luke launched Founders Fund with his PayPal co-founders Peter Thiel and Ken Howery.

Funded Companies

1 Result
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

Synthetic biology company that uses AI, DNA synthesis, and robotics to discover biological molecules.

Associated investment funds

4 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Total sold (USD)
Total sold (USD)
Location
Location
Date signed
Date signed
100,000,000
50,999,975
May 10, 2018

People

Name
Role
LinkedIn

Luke Nosek

Managing Partner



Stephan Oskoui

Managing Partner



Further reading

Title
Author
Link
Type
Date

A high profile SpaceX investor tells a datacenter crowd why he believes in Musk

Nathan Mattise

Web

September 16, 2017

Founders Fund partner leaves to launch SpaceX-focused fund

Dan Primack

Web

December 15, 2017

Gigafund is inspired by Elon Musk's SpaceX

Brian Wang

Web

September 18, 2017

Luminous Raises $9 million in Seed Funding From Bill Gates, Gigafund, Neo and others

Luminous Computing

Web

June 4, 2019

PayPal co-founder launches firm to raise investment funds for SpaceX, report says

Samantha Masunaga

Web

July 27, 2017

PayPal co-founder Luke Nosek leaving Founders Fund, reportedly for SpaceX-focused fund

Katie Roof

Web

July 29, 2017

Documentaries, videos and podcasts

Title
Date
Link





Companies

Company
CEO
Location
Products/Services









References