Foothill Ventures
UnclaimedAt a Glance
- Check Size
- $100K – $10M
- Stage
- Pre-Seed, Seed, Series A, Series B+
- Sectors
- Aerospace & Defense, Digital Health, Other +2
- Founded
- 2017
- HQ
- Los Altos, CA
About Foothill Ventures
Foothill Ventures is a technology-focused venture fund founded in 2017 and based in Los Altos, California, making seed and A-round investments in startups across software, life sciences and deep tech. It invests from pre-seed and seed through Series A and Series B+, across Digital Health, Consumer, Fintech, Aerospace & Defense and other sectors, with an emphasis on early-stage B2B software, enterprise solutions and emerging technologies.
The firm launched as Tsingyuan Ventures and rebranded to Foothill Ventures. It writes checks of roughly $500,000 to $5 million and manages about $150 million. Fund III, registered in Los Altos, opened a $100 million offering in June 2023 and was reported to close at $110 million, with a parallel $21.25 million vehicle, Foothill Ventures III-P, following in December 2024.
What distinguishes the firm is the composition of its bench rather than its check size. Its partners are technical operators, led by Xuhui Shao, a former Yahoo vice president and CTO of Turn, alongside Jinlin Wang, the former chief executive of Auryc, and Michael Jin, who co-founded IGC and SSI/iWatt. Behind them sits a venture partner roster drawn from Alibaba Cloud, Yahoo, PTC, Netskope, Google and UCSF. That breadth is why a fund of this size runs both a life sciences and an enterprise software practice, and why it is willing to lead seed rounds in categories most generalist seed funds route around.
Investment Thesis
“Invests in early-stage B2B software companies, focusing on enterprise solutions and emerging technologies.”
Sector Focus
Investment Stage
Fund History
Foothill Ventures started in 2017 as Tsingyuan Ventures before rebranding, and invests from pre-seed through Series A with checks of roughly $500,000 to $5 million across software, life sciences and deep tech. Firm-wide assets have been reported at about $150 million.
Its current flagship, Foothill Ventures III LP, is registered in Los Altos, California and filed a Form D on June 13, 2023 disclosing a $100 million offering with $47.6 million sold and a first sale on May 30, 2023; the fund was later reported to have closed at $110 million in commitments. A parallel vehicle, Foothill Ventures III-P LP, filed on December 23, 2024 for a $21.25 million offering with $18.5 million sold and a first sale on December 20, 2024, taking the Fund III family past $128 million in disclosed subscriptions. Xuhui Shao, Jinlin Wang and Eric Rosenblum are the executive officers named on both filings through Foothill Ventures III GP LLC.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Foothill Ventures filed a Form D for 1 fund vehicle between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Foothill Ventures III-P LP | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Foothill Ventures by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (3)
Eric Rosenblum
Managing Partner, Foothill Ventures
Michael (Xuecheng) Jin
Managing Partner, Foothill Ventures
Xuhui Shao
Managing Partner, Foothill Ventures
Frequently Asked Questions
What stage does Foothill Ventures invest at?
Foothill Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Foothill Ventures located?
Foothill Ventures is headquartered in Los Altos, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Foothill Ventures focus on?
Foothill Ventures focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Foothill Ventures's typical check size?
Foothill Ventures's typical investment check size ranges from $100K to $10M. Actual amounts may vary based on the stage, sector, and specific opportunity.
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