Foundation Capital Raises $600 Million for Eleventh Fund, 20% Larger Than Previous
Foundation Capital has raised $600 million for its eleventh flagship fund, which is 20% larger than its previous $500 million fund. Key points include:
- Focus on early-stage investments; 80% occur before revenue generation.
- Previous investments include Cerebras, now valued at $4.25 billion and planning an IPO.
- Foundation has invested in AI since 2009 and in blockchain since 2014.