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.
The firm raised its seventh and at the time the largest fund of $750 million in April 2008. It was one of Netflix's original investors.
In 2013 the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million.
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 and in 2022, closed its tenth fund with $500m in commitments after successful early investments in companies like Solana, Turing, Eightfold, Cerebras, Jasper among others.
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
External links
Conversation on Entrepreneurship with Kathryn Gould, co-founder of Foundation Capital (Feb. 2015), Stanford Entrepreneurship Corner