# Foundation Capital: portfolio, investments and team

> Foundation Capital is a vc firm based in United States. 550 investments on record, 25 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/foundation-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Foundation Capital

Last cheque observed Oct 2026; 550 cheques on record.

Email

Deploying now New fund $175M, Nov 2025 VC firm

Pre-seed Seed Series A Finserv Fintech Financial Services

Follow Foundation Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffoundation-capital)

Deploying now

**66%** of best year **25** **cheques in 12 months**, 550 on record

Since the last cheque **3** days **00** hrs **00** min **00** sec

Median round **$13M** Cheque size, as they say **$250K – $15M** Rounds led **13 of 550** Sole investor **47 rounds** Exits **55 from the portfolio** Mostly in **United States, 82%**

Pitch Foundation Capital

## Foundation Capital highlights

- 01 25 cheques in the last 12 months
- 02 Mostly Series A and Seed: 43% of its rounds
- 03 Sole investor in 47 rounds, median $5.3M
- 04 55 exits from the portfolio

## What they do

> For thirty years, we’ve backed extraordinary founders from day zero. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $250K – $15M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** Finserv Fintech Financial Services
- **Based in:** Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **550 appearances**

- **2026** 22 rounds
- **Oct** **[Easol](https://millionrounds.com/company/easol)** Series A · GB · Digital Music News **$30M** With 6 others
- **Oct** **[Hyphenate](https://millionrounds.com/company/hyphenate)** Series A · US · Google News search **$45M** With 4 others
- **Oct** **[IPID](https://millionrounds.com/company/ipid)** Series A · SG · Firms' own news pages **$16M** *Led*
- **Sept** **[Dextr AI](https://millionrounds.com/company/dextr-ai)** Seed · US · Inc42 **$6.7M** With 1 other
- **Sept** **[LUUM](https://millionrounds.com/company/luum)** Debt · US **$6.0M** With 3 others
- **Sept** **[Shennon Biotechnologies](https://millionrounds.com/company/shennon-biotechnologies)** Venture · US **$12M** With 2 others
- **Sept** **[SciFin](https://millionrounds.com/company/scifin)** Seed · US · Madrona Venture Group **$38M** With 3 others
- **Sept** **[Fluence](https://millionrounds.com/company/fluence)** Grant · US **$1.4M** Sole investor
- **Sept** **[International Payments Identity](https://millionrounds.com/company/international-payments-identity)** Series A · SG **$16M** With 4 others
- **Sept** **[RadiantOps](https://millionrounds.com/company/radiantops)** Seed · US **$7.0M** With 2 others
- **Sept** **[Catchback Cards](https://millionrounds.com/company/catchback-cards)** Seed · US **$8.0M** With 3 others
- **Jul** **[AegisAI](https://millionrounds.com/company/aegisai)** Series A · US · TechCrunch **$36M** With 2 others
- **Jul** **[Pulse Security AI](https://millionrounds.com/company/pulse-security-ai)** Seed · US **$8.0M** With 1 other
- **Jun** **[Lama AI](https://millionrounds.com/company/lama-ai)** Series A · US **$12M** With 3 others
- **May** **[Graphcore](https://millionrounds.com/company/graphcore)** GB · Ventureburn **$457M** With 4 others
- **May** **[Tessera Labs](https://millionrounds.com/company/tessera-labs)** Series A · TechStartups **$60M** With 3 others
- **May** **[Palenca](https://millionrounds.com/company/palenca)** Seed · BR · Contxto **$4.0M** With 5 others
- **Apr** **[Pumpcade](https://millionrounds.com/company/pumpcade)** Pre-seed · US · AlleyWatch **$1.0M** With 2 others
- **Apr** **[TradeForm](https://millionrounds.com/company/tradeform)** Pre-seed · US **$2.0M** With 2 others
- **Feb** **[Kiavi](https://millionrounds.com/company/kiavi)** Debt · US **$350M** With 5 others
- **Feb** **[CoinCover](https://millionrounds.com/company/coincover)** Venture · GB **Undisclosed** With 4 others
- **Jan** **[Fulcrum](https://millionrounds.com/company/fulcrum)** Seed · US · Ventureburn **$25M** With 2 others
- **2025** 29 rounds
- **Dec** **[YO Labs](https://millionrounds.com/company/yo-labs)** Series A · Ventureburn **$10M** *Led*
- **Dec** **Prime Security** Series A · US **$20M** With 2 others
- **Nov** **[dltHub](https://millionrounds.com/company/dlthub)** Seed · US **$8.0M** With 1 other
- **Oct** **[ExaCare](https://millionrounds.com/company/exacare)** Series A · US · AlleyWatch **$30M** With 3 others
- **Oct** **[Viven](https://millionrounds.com/company/viven)** Seed · US · TechCrunch **$35M** With 3 others
- **Oct** **[Maximor](https://millionrounds.com/company/maximor)** Seed · US · Ventureburn **$9.0M** *Led*
- **Sept** **[AegisAI](https://millionrounds.com/company/aegisai)** Seed · US · TechCrunch **$13M** *Led*
- **Sept** **[Brale](https://millionrounds.com/company/brale)** Seed · US **$30M** With 2 others
- **Aug** **[Framer](https://millionrounds.com/company/framer)** Series D · NL · Crunchbase News **$100M** With 8 others
- **Aug** **[Amper Technologies](https://millionrounds.com/company/amper-technologies)** Venture · US **Undisclosed** With 4 others
- **Aug** **[Momento](https://millionrounds.com/company/momento)** Series A · US **$10M** With 5 others
- **Jul** **[PlayerZero](https://millionrounds.com/company/playerzero)** Series A · US · TechCrunch **$15M** *Led*
- **Jul** **[Trunk Tools](https://millionrounds.com/company/trunk-tools)** Series B · US · AlleyWatch **$40M** With 6 others
- **Jul** **[AirMDR](https://millionrounds.com/company/airmdr)** Seed · US **$11M** With 2 others
- **Jul** **[Corsha](https://millionrounds.com/company/corsha)** Venture · US **Undisclosed** With 3 others
- **Jun** **[Campfire](https://millionrounds.com/company/campfire)** Series A · US · TechCrunch **$35M** With 4 others
- **Jun** **[Tennr](https://millionrounds.com/company/tennr)** Series C · US · AlleyWatch **$101M** With 6 others
- **Jun** **[Sedric](https://millionrounds.com/company/sedric)** Venture · US **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AD **Angus Davis** Manager of the Managing Member i Filing they signed

AS **Ashmeet S. Sidana** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

AB **Ashu B. Garg** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

CP **Charles Peter Moldow** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

DE **David Eugene Armstrong** General Counsel and Administrative Partner i Form ADV

JC **Joanne Chen** Manager of the General Partner i Filing they signed

PG **Paul G. Koontz** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

PR **Paul R. Holland** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

RG **Rodolfo Gonzalez** Manager of the Managing Member i Filing they signed

SV **Steve Vassallo** Manager of the General Partner i Filing they signed

SP **Steven Patrick Vassallo** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

WM **Warren M. Weiss** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

WB **William B. Elmore** Manager of Foundation Capital Management Co. VII, L.L.C. i Filing they signed

We also hold **28** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.8B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Foundation Capital, LLC
- **SEC number:** CRD 159838

## Exits from the portfolio

Companies it backed that were later bought or listed **55 in all**

**[AltspaceVR](https://millionrounds.com/company/altspacevr)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Oct 2017

**[TubeMogul](https://millionrounds.com/company/tubemogul)** Bought by [Adobe](https://millionrounds.com/fund/adobe) **$540M** Nov 2016

**[Refresh.io](https://millionrounds.com/company/refresh-io)** Bought by [LinkedIn](https://millionrounds.com/fund/linkedin) **Undisclosed** Apr 2015

**[Interact Public Safety](https://millionrounds.com/company/interact-public-safety)** Bought by Constellation Software **Undisclosed** Mar 2015

**[Stitch](https://millionrounds.com/company/stitch)** Bought by SugarCRM **Undisclosed** Mar 2015

**[CloudOn](https://millionrounds.com/company/cloudon)** Bought by [Dropbox](https://millionrounds.com/fund/dropbox-ventures) **Undisclosed** Jan 2015

**[Luminate](https://millionrounds.com/company/luminate)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** Sept 2014

**[PrivateCore](https://millionrounds.com/company/privatecore)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Aug 2014

**[Propeller](https://millionrounds.com/company/propeller)** Bought by [Palantir Technologies](https://millionrounds.com/fund/palantir-technologies) **Undisclosed** Jul 2014

**[Sifteo](https://millionrounds.com/company/sifteo)** Bought by 3D Robotics **Undisclosed** Jul 2014

**[Appurify](https://millionrounds.com/company/appurify)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jun 2014

**[Jasper Design Automation](https://millionrounds.com/company/jasper-design-automation)** Bought by [Cadence Design Systems](https://millionrounds.com/fund/cadence-design-systems) **$170M** Apr 2014

**[Averail](https://millionrounds.com/company/averail)** Bought by MobileIron **Undisclosed** Apr 2014

**[FreeWheel](https://millionrounds.com/company/freewheel)** Bought by [Comcast](https://millionrounds.com/fund/comcast) **$320M** Mar 2014

**[TalentBin](https://millionrounds.com/company/talentbin)** Bought by [Monster](https://millionrounds.com/fund/monster) **Undisclosed** Feb 2014

**[Coverity](https://millionrounds.com/company/coverity)** Bought by [Synopsys](https://millionrounds.com/fund/synopsys) **$375M** Feb 2014

**[Revel Touch](https://millionrounds.com/company/revel-touch)** Bought by Rollick **Undisclosed** Dec 2013

**[Responsys](https://millionrounds.com/company/responsys)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **$1.5B** Dec 2013

**[Chegg](https://millionrounds.com/company/chegg)** Listed **$188M** Nov 2013

**[Aggregate Knowledge](https://millionrounds.com/company/aggregate-knowledge)** Bought by Neustar **$119M** Oct 2013

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$175M**

raised in Nov 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$13M** the round, not its cheque Alone, median **$5.3M**

Led 13 of 550 rounds **2%**

- **Said size:** $250K – $15M
- **Sole investor:** 47 rounds
- **Last cheque:** Oct 2026
- **Exits:** 55 from the portfolio

Rounds by stage said on their site

- Series A said *113*
- Seed said *93*
- Venture *85*
- Series B said *83*
- Series C *66*
- Series D *44*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Y Combinator](https://millionrounds.com/fund/y-combinator) 34
- [Accel](https://millionrounds.com/fund/accel) 25
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 25
- [Google Ventures](https://millionrounds.com/fund/gv) 23
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 21
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 17

**Pitching Foundation Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Foundation Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Y Combinator** Accelerator **34** rounds together](https://millionrounds.com/fund/y-combinator)[**Accel** VC firm **25** rounds together](https://millionrounds.com/fund/accel)[**New Enterprise Associates** VC firm **25** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Google Ventures** Corporate VC **23** rounds together](https://millionrounds.com/fund/gv)[**Sequoia Capital** VC firm **21** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Kleiner Perkins Caufield & Byers** VC firm **17** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Mayfield Fund** VC firm **16** rounds together](https://millionrounds.com/fund/mayfield)[**Slow Ventures** VC firm **14** rounds together](https://millionrounds.com/fund/slow-ventures)[**Founders Fund** VC firm **13** rounds together](https://millionrounds.com/fund/founders-fund)[**Andreessen Horowitz** VC firm **12** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**500 Global** Angel **11** rounds together](https://millionrounds.com/fund/500-startups)[**Alumni Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)

## Recently backed

The latest companies Foundation Capital put money into.

[**Easol** $30M · Oct 2026](https://millionrounds.com/company/easol)[**Hyphenate** $45M · Oct 2026](https://millionrounds.com/company/hyphenate)[**IPID** $16M · Oct 2026](https://millionrounds.com/company/ipid)[**Dextr AI** $6.7M · Sept 2026](https://millionrounds.com/company/dextr-ai)[**LUUM** $6.0M · Sept 2026](https://millionrounds.com/company/luum)[**Shennon Biotechnologies** $12M · Sept 2026](https://millionrounds.com/company/shennon-biotechnologies)

## Quick answers about Foundation Capital

### What does Foundation Capital invest in?

Foundation Capital invests most often at Series A and Seed (43% of the rounds on record), in sectors such as Finserv, Fintech and Financial Services.

### How active is Foundation Capital?

550 investments on record, 25 of them in the last 12 months, and it led 13. The most recent was in Oct 2026.

### What has Foundation Capital invested in recently?

Its most recent investments on record: Easol (Series A, Oct 2026), Hyphenate (Series A, Oct 2026) and IPID (Series A, Oct 2026).

### How big are Foundation Capital's cheques?

The median round it joins is $13M. It says it writes cheques of $250K to $15M.

### Does Foundation Capital lead rounds?

Sometimes: it led 13 of its 550 investments on record (2%).

### Where does Foundation Capital invest?

Most of the companies it backs are in the United States (82%), the United Kingdom (8%) and Singapore (5%).

### Is Foundation Capital investing now?

Yes: it is actively investing, with 25 investments in the last 12 months.

### Who does Foundation Capital invest alongside?

Most often Y Combinator (34 rounds together), Accel (25 rounds together) and New Enterprise Associates (25 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=foundation-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=foundation-capital)