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Company type | Private |
---|---|
Industry | Venture capital |
Founded | October 1995 |
Founder |
|
Headquarters | , 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.[1] As of 2023, the firm has over $6 billion in assets under management.
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.[citation needed] It currently maintains investments in around 80 companies.[citation needed] 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]
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.