Foundation Capital Raises $600M for Eleventh Flagship Fund
The fund is 20% larger than its predecessor, which was $500 million and closed about three years ago.
March 5, 2025, 13:03 UTC
What you should know:
- Foundation Capital, an early investor in Solana and AI chip maker Cerebras, has raised $600 million for its 11th core fund.
- Foundation Capital focuses on early stage investing, which means being “present from day zero.”
Foundation Capital, an early investor in Solana and AI chip maker Cerebras, has raised $600 million for its 11th core fund.
The fund is 20% larger than its $500 million predecessor, which closed about three years ago.
Foundation Capital focuses on early-stage investments, which “means being present on day zero,” the company said in an announcement Tuesday. As such, 80% of Foundation’s investments occur before a company has any revenue.
For example, Foundation Capital first invested in 2016, when the AI chip market was just starting to take off. Cerebras is currently valued at $4.25 billion and plans to hold an initial public offering (IPO) at an unspecified date in the future.
“Our first investment in AI was in 2009, more than a decade before ChatGPT brought AI to the masses. We’ve been investing in blockchain since 2014 and aren’t afraid of cold crypto winters,” the company said in a statement on Tuesday.
