Foundation Capital
TypePrivate
IndustryVenture capital
FoundedOctober 1995 (1995-10)
Founder
  • Bill Elmore
  • Kathryn Gould
  • Jim Anderson
Headquarters
Palo Alto, California
,
United States
Number of employees
~ 30 worldwide
Websitewww.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.[1] As of 2023, the firm has over $6 billion in assets under management.

History

Foundation Capital was founded in 1995.[2]

The firm raised its seventh and at the time the largest fund of $750 million in April 2008.[3] It was one of Netflix's original investors.[4]

In 2013 the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million.[2]

Foundation Capital has invested in approximately 400+ ventures over the course of the last 28 years, 34 of which have had initial public offerings. It currently maintains investments in around 80 companies. Most investments fall under the areas of fin-tech, enterprise software, and web 3.

In 2019 Foundation Capital closed its ninth fund with $350 million in commitments[2] and in 2022, closed its tenth fund with $500m in commitments after successful early investments in companies like Solana, Turing, Eightfold, Cerebras and Generative artificial intelligence startup Jasper.[5]

Programs

The firm's Entrepreneur-in-Residence program selects several candidates to incubate, train, and graduate, challenging them to develop a solid business plan for an emerging technology.

References

  1. ↑ "UPDATE 1-Foundation Capital raises $750 million fund". Reuters. 7 April 2008. Retrieved 2012-02-18.
  2. 1 2 3 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.
  3. ↑ "Foundation Capital raises $750M fund, claiming focus on cleantech | VentureBeat". Deals.venturebeat.com. 7 April 2008. Retrieved 2012-02-18.
  4. ↑ Levy, Ari (2009-11-06). "Chegg Seeks to Become the Netflix of Textbook Rentals (Update1)". Bloomberg. Retrieved 2012-02-18.
  5. ↑ 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.
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