VC firm
Foundation Capital
Also known as Foundation Capital IX Principals, Foundation Capital IX Principals Fund, L.L.C., Foundation Capital IX, L.P., Foundation Capital Leadership, Foundation Capital Leadership Fund II, L.P., Foundation Capital Leadership Fund III, L.P., Foundation Capital Leadership Fund IV, L.P., Foundation Capital VII Principals
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28Source (opens in a new tab)
- Headquarters
- Palo Alto, California, United States
- Founded
- 1995
- Assets under management
- $3BStated by firm, as of 2026-09-17Source (opens in a new tab)
- Latest fund size
- $587MSEC amount sold, as of 2023Source (opens in a new tab)
- Funds
- 17
- Legal name
- FOUNDATION CAPITAL, LLC
- foundationcapital.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Team page (opens in a new tab)
Record updated 28 September 2026
About
Foundation Capital is a venture capital firm that has backed founders from day zero for thirty years, most often (4 of 5 times) as a company's first investor, with 77% of its investments made pre-revenue. The firm reports 400+ investments, $4B+ capital raised, and 37 IPOs. It organizes around three practice areas -- enterprise, fintech and crypto -- built on conviction in AI and blockchain as its two foundational technologies.
Investment approach
- Thesis
- No such thing as “too early” In venture, “early” usually means just a stage. For us, it’s a way of working. We commit when it’s an idea and a founder determined to make it real.Source (opens in a new tab)
- Investing status notes
- Site is current (© Foundation Capital 2026), celebrates a 2026 portfolio IPO (Cerebras) on the homepage, and actively runs a 106-company job board.
Funds
- Foundation Capital XI, L.P.
- $587MVintage 2023, Main fund, SEC amount sold
- Foundation Capital Leadership Fund IV, L.P.
- $175MVintage 2023, Main fund, SEC amount sold
- Foundation Capital X Principals Fund, L.L.C.
- Vintage 2021Main fund
- FOUNDATION CAPITAL VI, L.P.
- Main fund
- FOUNDATION CAPITAL V PRINCIPALS FUND, LLC
- Main fund
- FOUNDATION CAPITAL VI PRINCIPALS FUND, LLC
- Main fund
- Foundation Capital VIII, L.P.
- Main fund
- Foundation Capital IX Principals Fund, L.L.C.
- Main fund
- FOUNDATION CAPITAL XI, L.P.
- Main fund
- Foundation Capital VII, L.P.
- Main fund
- Foundation Capital Leadership Fund III, L.P.
- Main fund
- Foundation Capital X, L.P.
- Main fund
- More funds
- 5 more recorded
SEC registration
- Registered adviser
- FOUNDATION CAPITAL, LLC
- CRD number
- 159838 (opens in a new tab)
- SEC file number
- 802-76181
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $4.8Bas of 2026-04-01
- Private funds reported
- 15
- Principal office
- PALO ALTO, CA, United States
- SEC CIK
- 1546800, 1546801, 1645077
Locations
- Office
- Palo Alto, CA, United States
- Office
- San Francisco, CA, United States
Programs
- Newsletter
- B2BaCEO (opens in a new tab)
- Podcast
- B2BaCEO (opens in a new tab)