Foundation Capital
{{Short description|American venture capital firm}}
{{refimprove|date=January 2018}}
{{Infobox company
| name = Foundation Capital
| type = Private
| logo = Foundation Capital Logo.svg
| genre =
| foundation = {{start date and age|1995|10}}
| founder = {{unbulleted list|Bill Elmore|Kathryn Gould|Jim Anderson}}
| location_city = Palo Alto, California
| location_country = United States
| area_served =
| key_people =
| industry = Venture capital
| products =
| services =
| operating_income =
| num_employees = ~ 30 worldwide
| parent =
| divisions =
| subsid =
| homepage = [http://www.foundationcap.com www.foundationcap.com]
| footnotes =
| intl =
}}
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.{{cite news|url=https://www.reuters.com/article/idUSN0746834620080407 |title=UPDATE 1-Foundation Capital raises $750 million fund |date=7 April 2008 |work=Reuters |access-date=2012-02-18}} As of 2023, the firm has over $6 billion in assets under management.
History
Foundation Capital was founded in 1995{{Cite web |last=Loizos |first=Connie |date=September 9, 2019 |title=Foundation Capital, now 24 years old, just closed its ninth fund with $350 million in capital commitments |url=https://techcrunch.com/2019/09/09/foundation-capital-now-24-years-old-just-closed-its-ninth-fund-with-350-million-in-capital-commitments/ |access-date=January 22, 2021 |website=TechCrunch |language=en-US}} and was one of Netflix's original investors.{{cite web|last=Levy |first=Ari |url=https://www.bloomberg.com/apps/news?pid=20601204&sid=aE6qkSD26c74 |title=Chegg Seeks to Become the Netflix of Textbook Rentals (Update1) |publisher=Bloomberg |date=2009-11-06 |access-date=2012-02-18}}
Foundation Capital has invested in over 400+ companies, with more than 120 exits in the form of acquisitions or initial public offerings.{{Cite web |last=Aragon |first=Lawrence |date=2024-05-24 |title=Foundation sees strong demand for 11th flagship |url=https://www.venturecapitaljournal.com/foundation-sees-strong-demand-for-11th-flagship/ |access-date=2024-12-31 |website=Venture Capital Journal |language=en-US}} 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. In 2019, the firm closed its ninth fund with $350 million in commitments and in 2022, closed its tenth fund with $500 million in commitments after early investments in companies including Solana, Turing, Eightfold, Cerebras and Jasper.{{Cite web |last=Lorek |first=Laura |date=2022-10-23 |title=Jasper.AI is Austin's Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation |url=https://www.siliconhillsnews.com/2022/10/22/jasper-ai-is-austins-newest-unicorn-raising-125-million-at-a-1-5-billion-valuation/ |access-date=2023-12-17 |website=SiliconHills |language=en-US}} In 2024, it raised its eleventh fund, with $600 million.
References
{{Reflist}}
External links
- [http://ecorner.stanford.edu/authorMaterialInfo.html?mid=3464 Conversation on Entrepreneurship with Kathryn Gould], co-founder of Foundation Capital (Feb. 2015), Stanford Entrepreneurship Corner
Category:Venture capital firms of the United States
Category:Companies based in Menlo Park, California