foundersfund

🌹 ONDO Founder Nathan Allman Has Passed Away

This is incredibly heartbreaking news for the crypto community tonight. Please keep Nathan’s family, friends, and the entire Ondo team in your thoughts and prayers. 🙏

Quote from ONDO:

“It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.

Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.

Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime president, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.

We will continue building what Nate started. That is the most meaningful way we know to honour him.”

Rest in peace, Nathan. 🕊️

#ONDO #foundersfund #crypto

$ONDO

Founders Fund has raised $6B for its new fund

#FoundersFund has raised $6B for a new fund to invest in later-stage companies. $4.5B comes from limited partners, including sovereign wealth funds, according to a source familiar with the matter who spoke anonymously due to the private nature of the information. The remaining $1.5B is being contributed by senior management and employees at Founders Fund.

The fund will target #AI , defense tech, and deep tech, planning to deploy capital into roughly a dozen companies over the next 2-3 years through large late-stage investments rather than a broadly diversified portfolio.

👉 bloomberg.com/news/articles/2026-05-01/thiel-s-founders-fund-raises-6-billion-in-its-largest-ever-haul