Founders Circle Capital

Last updated
Founders Circle Capital
Company type Private
Industry Investments
Founded2012;12 years ago (2012)
Headquarters,
Key people
  • Mike Jung, Founding Partner
  • Ken Loveless, Founding Partner
  • Andrew Boston, Partner
  • Rebecca Wood,Partner
  • Charles Shannon, Partner
  • Mark Dempster, Chief People Officer
Products Venture capital, private equity secondary market
Website founderscircle.com

Founders Circle Capital is an American growth capital firm based in the San Francisco Bay Area. [1] Founders Circle Capital invests in private companies and specializes in growth stage investments providing preferred stock and common stock (sometimes referred to as employee liquidity or direct secondaries) purchases, institutional liquidity and other unique structures to founders and long-term employees.

The company has also developed a private executive leadership community called The Circle for growth stage CFOs and CEOs to share professional development knowledge and resources with their peers.

History

Founders Circle Capital was founded in 2012 by Ken Loveless, [2] a former managing director of SVB Capital, and Mike Jung, previously a JPMorgan Partners Principal. In February 2014, the firm closed its first $195 million venture capital fund, FCC Fund I. [3] In July 2016, the firm began investing from its second $208 million fund. [4] By January 2021, the firm closed on FCC Fund III, a $355 million fund. [5] The three funds bring the firm's assets under management to $1 billion. [6]

Investments

Founders Circle has invested in over 40 companies since 2012, amongst others: Adaptive Insights, [7] Anaplan, Carbon Black,DocuSign, [8] Elemental, Kabam, Twilio [9] Pinterest, and Ticketfly. Founders Circle Capital has invested in more than 73 startups, of which 13 have gone public and 19 have been acquired. [10]

See also

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References

  1. "Founders Circle Capital LLC - Company Profile and News". Bloomberg News . Archived from the original on 2021-07-22.
  2. "| California Secretary of State". Archived from the original on 2021-07-20.
  3. Chernova, Yuliya (23 October 2014). "Founders Circle Closes $195M in Two Funds for Secondary Private-Share Buys". Wall Street Journal.
  4. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  5. "Founders Circle Capital has raised a new $355 million fund to buy primary and secondary shares – TechCrunch". Archived from the original on 2021-08-12.
  6. "Founders Circle Capital Raises $355M for Fund III - FinSMEs". 28 April 2021.
  7. "Workday to buy VC-backed Adaptive Insights for about $1.55 bln | Venture Capital Journal". 11 June 2018.
  8. "Founders Circle Capital investor portfolio, rounds & team | Dealroom.co".
  9. "S-3ASR". Archived from the original on 2021-07-21.
  10. "Pinterest IPO: Stock starts trading on the public market". CNBC . 18 April 2019.