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Private company

Foundation Capital

American venture capital firm

Foundation Capital is a venture capital firm located in Silicon Valley. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital. As of 2023, the firm has over $6 billion in assets under management.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1995Founded1

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Foundation Capital is a venture capital firm located in Silicon Valley. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital. As of 2023, the firm has over $6 billion in assets under management.2

Corporate structure

Foundation Capital sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Foundation Capital

  • Ashu Garg Owns 25% to 50% of Foundation Capital, since 10/2012 (Form ADV)
  • Steven Patrick Vassallo Owns 25% to 50% of Foundation Capital, since 10/2007 (Form ADV)
  • Foundation Capital Menlo Park

Built from major holders from Schedules 13D and 13G; owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Investment adviser

Foundation Capital is registered with the SEC as an investment adviser. This is what it reports on Form ADV, the registration every adviser files and keeps current.

Who owns it

Owners of 5% or more as the firm lists them (Schedule A), and the owners of those owners up the chain (Schedule B).

  • Ashu Gargowns 25% to 50%, since 10/2012
  • Steven Patrick Vassalloowns 25% to 50%, since 10/2007

The story

Foundation Capital was founded in 1995 and was one of Netflix's original investors.

Foundation Capital has invested in over 400+ companies, with more than 120 exits in the form of acquisitions or initial public offerings. Most of its investments fall under the areas of fintech, enterprise software, and consumer.

In 2013, the firm closed its seventh fund with $282 million and its eighth fund in 2015 with $325 million. In 2019, the firm closed its ninth fund with $350 million in commitments and in 2022, closed its tenth fund with $500 million in commitments after early investments in companies including Solana, Turing, Eightfold, Cerebras and Jasper. In 2024, it raised its eleventh fund, with $600 million.

From Wikipedia’s article on Foundation Capital, shared under CC BY-SA 4.0.3

Timeline

  1. 1995Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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