Foundation Capital Raises $600 Million to Back Early-Stage Tech Startups
Foundation Capital, a venture firm based in Silicon Valley, has successfully raised $600 million for its 11th fund, continuing its long-standing commitment to investing in early-stage startups.
The firm, which has a history of backing companies in sectors like crypto, fintech, and AI, remains focused on supporting entrepreneurs at the earliest phases of their ventures—before products are even developed or revenue is generated.
The firm explained that a significant portion of its investments—about 80%—are made when startups have yet to bring in any revenue. Foundation Capital’s strategy revolves around identifying “zero-billion-dollar markets,” or opportunities that are not yet visible to the broader industry but have the potential to become transformative.
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Foundation Capital’s notable crypto portfolio includes early investments in Solana Labs, Binance U.S., OpenSea, MoonPay, Algorand, and several others. Having backed blockchain projects since 2014, the firm has remained resilient even during crypto’s downturns, driven by a conviction in the potential for fundamental change in the industry.
With this new fund, Foundation Capital plans to continue its mission of identifying and investing in innovative startups that are poised to reshape various industries. The fund is significantly larger than the previous one, which closed at $500 million three years ago.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
