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Foundation Capital

American venture capital firm

Summary

American venture capital firm

Field	Value
name	Foundation Capital
type	Private
logo	Foundation Capital Logo.svg
foundation
founder
location_city	Palo Alto, California
location_country	United States
industry	Venture capital
num_employees	~ 30 worldwide
homepage	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

(7 April 2008). "UPDATE 1-Foundation Capital raises $750 million fund". Reuters.
Loizos, Connie. (September 9, 2019). "Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments".
Levy, Ari. (2009-11-06). "Chegg Seeks to Become the Netflix of Textbook Rentals (Update1)". Bloomberg.
Aragon, Lawrence. (2024-05-24). "Foundation sees strong demand for 11th flagship".
Lorek, Laura. (2022-10-23). "Jasper.AI is Austin's Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

venture-capital-firms-of-the-united-states companies-based-in-menlo-park,-california financial-services-companies-established-in-1995 1995-establishments-in-california

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