Foundation Capital Secures $600M for Eleventh Early-Stage Investment Fund

The Silicon Valley firm, known for backing Solana and Cerebras, expands its focus on crypto, fintech, and AI startups with a 20% larger fund.

Foundation Capital has raised a $600 million fund, its eleventh flagship fund, which is 20% larger than its previous $500 million fund closed three years ago.
The firm specializes in early-stage investments, with 80% of its funding allocated before startups generate any revenue.
Foundation Capital has a history of identifying and supporting emerging markets, such as AI and blockchain, including early investments in Solana Labs and Cerebras Systems.
The fund will target startups in crypto, fintech, and enterprise AI, continuing the firm's strategy of focusing on 'zero-billion-dollar markets' that create new industries.
Foundation Capital attributes its fundraising success to high returns, distributing $1.4 billion to investors over the past three years, more than triple what it requested during that period.