Announcing Foundation Capital Fund 9

September 9, 2019
Foundation Capital

We’re pleased to christen our newly raised and ninth fund, Foundation Capital Fund 9 (FC9). FC9 is a $350-million fund from which we will continue to invest in early-stage companies.

Now entering our 24th year of venture investing, Foundation Capital’s record includes $3 billion in committed capital, which we’ve helped to convert into $300+ billion in market cap, and 28 IPOs including Netflix, one of only five companies started in the past quarter-century with a market cap of $100+ billion. More recent successes include Sunrun, LendingClub, TubeMogul, and Chegg.

With FC9 we continue our singular focus on partnering with extraordinary early-stage entrepreneurs to build the greatest companies of our time. We make 10-12 new investments a year and limit the number of board seats that any one of us takes to single digits, in order to ensure that each of our startups gets the attention and assistance that they need to break out. Because our commitment is to do whatever it takes to help our companies succeed; we consider ourselves not just investors but invested.

FC9 will be led by general partners Ashu Garg, Charles Moldow, and Steve Vassallo. We continue our founder-focused, prepared-but-open-minds approach to investing that has made FC8 one of the best performing funds of its vintage. In this endeavor, we’re fortunate to have the support of an exceptional and diverse team of investors and operations staff. (Some impressive additions to the firm were announced in recent months, with still more exciting team updates to follow. Stay tuned!)

We’d be remiss if we didn’t thank our limited partners. We hold dear our relationships with them and we’re grateful for the trust that they’ve placed in us. It is a responsibility that we take very seriously. Our commitment to them is to work hard to generate outstanding returns and we see a bright decade ahead.

Lastly, to any entrepreneurs who aren’t yet known to us: Foundation Capital exists to back remarkable women and men who are working to build transformative businesses. We’re blessed to count so many extraordinary such individuals in our portfolio of companies, and it’s a wild privilege that our day job is to help them be their most extraordinary. If you’re someone who dreams big and won’t stop, if you have the ambition and daring to build a generationally important company, and if you’re working on an idea that is a fit for our investment profile, then come find us at