Foundation Capital

Foundation Capital
Company typePrivate
IndustryVenture capital
FoundedOctober 1995; 29 years ago (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] and was one of Netflix's original investors.[3]

Foundation Capital has invested in over 400+ companies, with more than 120 exits in the form of acquisitions or initial public offerings.[4] 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.[2] In 2019, the firm closed its ninth fund with $350 million in commitments[2] and in 2022, closed its tenth fund with $500 million in commitments after early investments in companies including Solana, Turing, Eightfold, Cerebras and Jasper.[5] In 2024, it raised its eleventh fund, with $600 million.[4]

References

  1. ^ "UPDATE 1-Foundation Capital raises $750 million fund". Reuters. 7 April 2008. Retrieved 2012-02-18.
  2. ^ a b c 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. ^ Levy, Ari (2009-11-06). "Chegg Seeks to Become the Netflix of Textbook Rentals (Update1)". Bloomberg. Retrieved 2012-02-18.
  4. ^ a b Aragon, Lawrence (2024-05-24). "Foundation sees strong demand for 11th flagship". Venture Capital Journal. Retrieved 2024-12-31.
  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.