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Foundation Capital: Solana's early investor raises $600 million
By Daniele Corno
A mega funding round for Foundation Capital, with over $600 million to finance crypto, fintech and AI start-ups
$600 million for Foundation Capital
Foundation Capital, a Silicon Valley venture capital firm with over 30 years of history behind it, has just completed a funding round of $600 million.
Announcing Foundation Capital Fund 11: A new $600M fund in support of our enduring commitment to founders 🎉
The story of Foundation Capital is the story of Silicon Valley – constant reinvention and standing alongside singular individuals who pull the future into the present.… pic.twitter.com/Hic0eiaceq
— Foundation Capital (@FoundationCap) March 4, 2025
This is the 11th round completed by the company, with the capital raised dedicated to investments in start-ups “on day zero”, before they have a product on the market and before the first dollar of revenue. Specifically, the capital raised will be allocated to three selected macro sectors: Crypto, Fintech and Artificial Intelligence.
An increased funding of +20% compared to the 10th round, which took place more than 3 years ago, for a total of $500 million.
In fact, the fund usually invests in 80% of cases in start-ups defined as “markets worth zero billion dollars”. With this, it aims to detect opportunities that do not appear in forecasts because they are not visible to those observing today’s market.
The union with the crypto market
Foundation Capital is an important investor in the crypto sector, with multiple holdings.
In fact, back in 2019, it participated in the series A round of Solana Labs, as part of the $20 million raised for development, but that’s not all.
In fact, there are many crypto-related names in its investment portfolio. These include Binance.US, Algorand, Brave, Moonpay, Opensea, Stacks and TrueFi.
While most funds focus on already developed assets and technologies, Foundation Capital aims to anticipate trends, participating in the early embryonic stages and guaranteeing itself important future allocations.
The search is open again and, as shared by Rodolfo Gonzalez on X, the fund is looking for innovative projects in the development phase, declaring itself open to accepting comparisons with start-up founders.
We couldn’t be more excited to announce our latest early stage fund. If you’re a seed stage founder working in crypto, fintech or enterprise AI, come talk to us! @FoundationCap https://t.co/dnCoHHcnn8
— fifaifofo.s◎l (@fifaifofo) March 4, 2025
