Foundation Capital
UnclaimedAt a Glance
- Check Size
- $1M – $10M
- Stage
- Seed, Series A, Series B+
- Sectors
- Fintech, Enterprise, AI
- Founded
- 1995
- HQ
- Palo Alto, CA
About Foundation Capital
Foundation Capital is a venture capital firm based in Palo Alto, CA founded in 1995. For 30 years we've backed extraordinary founders from day zero. The firm focuses on Seed, Series A, Series B+ investments across sectors including Fintech, Enterprise, AI. The firm manages $2.5B in assets under management. Notable portfolio companies include Netflix, Uber, Chegg, Lending Club, TubeMogul, Qumulo, Sunrun and Palantir. Invests in transformative technology companies across enterprise software, fintech, and AI with focus on technical innovation and market-disrupting potential.
Investment Thesis
“Invests in transformative technology companies across enterprise software, fintech, and AI with focus on technical innovation and market-disrupting potential.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Foundation Capital has raised eleven flagship funds since 1995. Fund 8 closed at $325 million, led by general partners Ashu Garg, Paul Holland, Charles Moldow and Steve Vassallo. Fund 9 closed at $350 million in September 2019 with Garg, Moldow and Vassallo as general partners. Fund 10 closed at $500 million roughly three years later.
Fund 11, announced in March 2025, closed at $600 million, twenty percent larger than its predecessor, and remains an early-stage vehicle rather than a growth fund, an unusual choice for a firm entering its fourth decade. The firm's stated discipline is to write the first institutional check, a position it claims in more than 70 percent of its portfolio companies, and it frames its target as "$0 billion markets" that do not yet exist and therefore cannot be sized. Enterprise software, artificial intelligence, fintech and crypto are the four concentrations. Early positions in Netflix, Uber, LendingClub, Solana, Cerebras, Sunrun, Chegg and TubeMogul came from that approach.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Foundation Capital filed a Form D for 1 fund vehicle between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Foundation Capital X Principals Fund, L.L.C. | 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 Foundation Capital 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 (5)
Related Articles (6)
Frequently Asked Questions
What stage does Foundation Capital invest at?
Foundation Capital primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Foundation Capital located?
Foundation Capital is headquartered in Palo Alto, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Foundation Capital focus on?
Foundation Capital focuses on investments in Fintech, Enterprise, AI. Their portfolio reflects deep expertise and networks within these sectors.
What is Foundation Capital's typical check size?
Foundation Capital's typical investment check size ranges from $1M to $10M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Similar Firms
Fund Operations Resources
Running a fund like Foundation Capital? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.