Foundation Capital

Last updated
Foundation Capital
Type Private
Industry Venture capital
FoundedOctober 1995;28 years ago (1995-10)
Founder
  • Bill Elmore
  • Kathryn Gould
  • Jim Anderson
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.

Contents

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.[ 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]

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.

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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.