Foundation Capital is a venture capital firm based in Palo Alto, California, founded in 1995. The firm has invested in over 400 companies, achieving more than 120 exits through acquisitions or IPOs. As of 2023, it manages over $6 billion in assets.
Foundation Capital focuses on early-stage investments in fintech, enterprise software, AI, and crypto. The firm emphasizes identifying "zero-billion-dollar markets", emerging sectors that do not yet exist but are created by visionary founders.
Foundation has been the first institutional investor in over 70% of its portfolio companies.
In March 2025, Foundation Capital raised a $600 million eleventh flagship fund, which is 20% larger than its predecessor ($500 million, raised about three years prior).
Leadership
Investment Strategy
Unlike many long-standing VC firms that expand into multi-stage, multi-geography, or multi-strategy approaches, Foundation Capital has remained focused on the early stage, believing in backing category-defining startups from the beginning.
Notable Investments
Notable Exits
More than 120 acquisitions and IPOs.
