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| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | October 1995; 29 years ago (1995-10) |
| Founder |
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| Headquarters | Palo Alto, California, United States |
| Number of employees | ~ 30 worldwide |
| Website | www.foundationcap.com |
Foundation Capital is a venture capital firm located in Silicon Valley. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital. As of 2023, the firm has over $6 billion in assets under management.
History
Foundation Capital was founded in 1995 and was one of Netflix's original investors.
Foundation Capital has invested in over 400+ companies, with more than 120 exits in the form of acquisitions or initial public offerings. Most of its investments fall under the areas of fintech, enterprise software, and consumer.
In 2013, the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million. In 2019, the firm closed its ninth fund with $350 million in commitments and in 2022, closed its tenth fund with $500 million in commitments after early investments in companies including Solana, Turing, Eightfold, Cerebras and Jasper. In 2024, it raised its eleventh fund, with $600 million.
References
- "UPDATE 1-Foundation Capital raises $750 million fund". Reuters. 7 April 2008. Retrieved 2012-02-18.
- ^ Loizos, Connie (September 9, 2019). "Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments". TechCrunch. Retrieved January 22, 2021.
- Levy, Ari (2009-11-06). "Chegg Seeks to Become the Netflix of Textbook Rentals (Update1)". Bloomberg. Retrieved 2012-02-18.
- ^ Aragon, Lawrence (2024-05-24). "Foundation sees strong demand for 11th flagship". Venture Capital Journal. Retrieved 2024-12-31.
- Lorek, Laura (2022-10-23). "Jasper.AI is Austin's Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation". SiliconHills. Retrieved 2023-12-17.
External links
- Conversation on Entrepreneurship with Kathryn Gould, co-founder of Foundation Capital (Feb. 2015), Stanford Entrepreneurship Corner