DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Founders Circle Capital, LLC
Founders Circle Capital, LLC
Multi-stage venture firm · probableCampbell, CAfounderscirclecapital.comSEC registered investment adviser
Founders Circle is a growth stage venture firm that “invests in people'', wholly committed to those who are leading today's fastest growing companies.
both early and growth/opportunity families, reported GAV $1,022M
Importance
47
elevated
Active deployment
40
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
17
moderate
Identity and regulatory footprint
- Headquarters
- Campbell, CAadviserinfo.sec.gov
- Office address
- 1999 S. BASCOM AVENUE, SUITE 700, Campbell, CA, 95008adviserinfo.sec.gov
- Business phone
- 415-299-8311adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 27, 2026
- Private funds reported
- 23 (18 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.7Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 15
- business phone
- 415-299-8311adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
4 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 4
Funds and vehicles
23 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Founders Circle Capital IV Affiliates Fund, L.P. | Feeder or parallel | 2024 adv first reported | Early deployment | $7.7M Mar 29, 2024 | 35 | $0 | Feb 6, 2023 |
| FCC Sma II, L.P. | Fund | 2024 adv first reported | Early deployment | $0 Mar 29, 2024 | 1 | unknown | unknown |
| Founders Circle Capital Co-Invest Series, LP - Series 7 | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $2.9M Mar 29, 2024 | 1 | $0 | Jun 21, 2022 |
| Founders Circle Capital Co-Invest Series, L.P. - Series 5 | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $9.5M Mar 29, 2024 | 6 | $0 | Apr 15, 2021 |
| Founders Circle Capital Co-Invest Series, L.P. - Series 6 | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $3.7M Mar 29, 2024 | 4 | $0 | Dec 14, 2021 |
| FCC L2-Pt, LLC | Fund | 2022 adv first reported | Active deployment | $1.4M Mar 29, 2024 | 3 | unknown | unknown |
| Founders Circle Capital IV, LP | Fund | 2021 form d first sale | Mature | $375M Mar 29, 2024 | 123 | $370M | Oct 28, 2022 |
| FCC Fh Sma, LP | Fund | 2021 adv first reported | Mature | $22.2M Mar 29, 2024 | 1 | unknown | unknown |
| Founders Circle Capital Co-Invest Series, L.P. - Series 2 | SPV or co-invest vehicle | 2021 adv first reported | Mature | $12.3M Mar 29, 2024 | 27 | $0 | Jul 21, 2020 |
| FCC Hf - Ai, LLC | Fund | 2021 adv first reported | Mature | $11.8M Mar 29, 2024 | 3 | $0 | Oct 27, 2020 |
| Founders Circle Capital Co-Invest Series, L.P. - Series 3 | SPV or co-invest vehicle | 2021 adv first reported | Mature | $3.8M Mar 29, 2024 | 10 | $0 | Oct 6, 2020 |
| Founders Circle Capital III - P, LP | Fund | 2020 adv first reported | Mature | $52.7M Mar 29, 2024 | 1 | $0 | Aug 13, 2019 |
| Founders Circle Capital II Opportunities Fund, LP | Opportunity fund | 2020 adv first reported | Mature | $39.1M Mar 29, 2024 | 10 | $0 | Mar 19, 2019 |
| Founders Circle Capital III, LP | Feeder or parallel | 2019 form d first sale | Mature | $239M Mar 29, 2024 | 77 | $36.5M | Jul 30, 2020 |
| Founders Circle Capital III Affiliates Fund, LP | Feeder or parallel | 2019 form d first sale | Mature | $13.9M Mar 29, 2024 | 67 | $12.7M | Nov 30, 2020 |
| Founders Circle Capital Co-Invest Series, L.P.- Series 1 | SPV or co-invest vehicle | 2019 adv first reported | Mature | $4.2M Mar 29, 2024 | 3 | $0 | Dec 4, 2018 |
| Founders Circle Capital II, L.P. | Fund · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $156M Mar 29, 2024 | 34 | $0 | Nov 17, 2015 |
| Founders Circle Capital II Affiliates Fund, LP | Feeder or parallel · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $8.6M Mar 29, 2024 | 51 | $0 | Dec 21, 2015 |
| Founders Circle Capital I Opportunities Fund, LP | Opportunity fund · ADV: Private Equity Fund | 2015 adv first reported | Harvest | $15.6M Mar 29, 2024 | 38 | $0 | Jun 24, 2014 |
| Founders Circle Capital I, LP | Fund · ADV: Private Equity Fund | unknown | Unknown | $27.4M Mar 29, 2024 | 51 | $0 | Nov 15, 2012 |
| Founders Circle Capital I (wr), L.P. | Fund · ADV: Private Equity Fund | unknown | Unknown | $12.2M Mar 29, 2024 | 80 | $0 | Dec 7, 2012 |
| Founders Circle Capital I Affiliates Fund, L.P. | Feeder or parallel · ADV: Private Equity Fund | unknown | Unknown | $2.1M Mar 29, 2024 | 33 | $0 | Feb 15, 2013 |
| Founders Circle Capital Feeder IV (II), L.P. | Feeder or parallel | unknown | Fundraising | unknown | unknown | $0 | Jul 30, 2025 |
| Founders Circle Capital Co-Invest Series, L.P. - Series 4 | SPV or co-invest vehicle | 2021 adv first reported | Wound down | $25.0M Mar 31, 2023 | 131 | unknown | unknown |
| FCC Veracode Co-Invest, LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2015 adv first reported | Wound down | $6,135 Mar 31, 2021 | 6 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
22 current, 1 departed
Mark Dempster
Founder or executiveFounder, The Circle
Andrew Boston
PartnerPartner
Kalee Gardella
PartnerPartner
Ken Loveless
PartnerPartner
Kenneth Matthew Loveless
PartnerManaging Director · since Apr 1, 2012
Michael Kyujune Jung
PartnerManaging Director · since Apr 1, 2012
Mike Jung
PartnerPartner
Owen Van Arsdale
PartnerPartner
Ryan Morrison
PartnerPartner
Amy Aina
Platform and operationsDirector of Executive Operations
Anthony Mark Matusich
Platform and operationsCfo · since Sep 1, 2021
Anthony Matusich
Platform and operationsChief Financial Officer
Audrey Beth Vallen
Platform and operationsCao And Cco · since Sep 1, 2021
Avery Cannon
Platform and operationsChief Administrative Officer
Hannah Starbranch
Platform and operationsSenior Content & Communications Manager, The Circle
Holt Johnstone
Platform and operationsController
Lani Nguyen
Platform and operationsExecutive Assistant & Office Manager
Marilu Livermore
Platform and operationsPartner, Chief Operations & Growth Officer, The Circle
Nikki Tatalovich
Platform and operationsSenior Manager, Events & Partnerships
Payton Quass
Platform and operationsAccounting Manager
Jessica Crossfield
PrincipalDirector of Venture Ecosystems
Ron Hirson
Venture partnerVenture Partner
1 departed (kept with end dates)
- Christopher John Albinson · Managing Director · Apr 1, 2012 to May 15, 2018 Inference
Investments on record
4 edges, 4 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Huntress.Com | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Jasper.Ai | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Huntress | portfolio listing | unknown | unknown | unknown | unknown | Sep 12, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Jasper | portfolio listing | unknown | unknown | unknown | unknown | Sep 12, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
5 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
31 dated events
- Sep 16, 2026Jasper no longer listed on Founders Circle Capital, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceJasperVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Huntress no longer listed on Founders Circle Capital, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceHuntressVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 29, 2024Founders Circle Capital Co-Invest Series, L.P. - Series 4 no longer reported on Form ADV by Founders Circle Capital, LLC
- Mar 29, 2024FCC Sma II, L.P. first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund)Fund first reported on Form ADVFundsFactFCC Sma II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Founders Circle Capital IV Affiliates Fund, L.P. first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $7,711,178Fund first reported on Form ADVFundsFactFounders Circle Capital IV Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Founders Circle Capital IV, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $374,258,029Fund first reported on Form ADVFundsFactFounders Circle Capital IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Founders Circle Capital Co-Invest Series, LP - Series 7 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $2,193,590Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, LP - Series 7SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Founders Circle Capital Co-Invest Series, L.P. - Series 5 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $9,570,810Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P. - Series 5SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Founders Circle Capital Co-Invest Series, L.P. - Series 6 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $5,101,010Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P. - Series 6SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022FCC Veracode Co-Invest, LLC no longer reported on Form ADV by Founders Circle Capital, LLCFund no longer reportedFundsInferenceFCC Veracode Co-Invest, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022FCC L2-Pt, LLC first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $5,999,992Fund first reported on Form ADVFundsFactFCC L2-Pt, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 1, 2021Anthony Mark Matusich joined Schedule A of Founders Circle Capital, LLC as Cfo
- Mar 31, 2021FCC Fh Sma, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $25,255,053Fund first reported on Form ADVFundsFactFCC Fh Sma, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Founders Circle Capital Co-Invest Series, L.P. - Series 2 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $16,478,008Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P. - Series 2SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Founders Circle Capital Co-Invest Series, L.P. - Series 3 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $5,153,908Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P. - Series 3SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Founders Circle Capital Co-Invest Series, L.P. - Series 4 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $26,881,227Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P. - Series 4SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021FCC Hf - Ai, LLC first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $7,508,771Fund first reported on Form ADVFundsFactFCC Hf - Ai, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Founders Circle Capital III, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $130,940,364Fund first reported on Form ADVFundsFactFounders Circle Capital III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Founders Circle Capital III - P, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $60,525,067Fund first reported on Form ADVFundsFactFounders Circle Capital III - P, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Founders Circle Capital II Opportunities Fund, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $57,315,512Fund first reported on Form ADVFundsFactFounders Circle Capital II Opportunities Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Founders Circle Capital III Affiliates Fund, LP first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $2,686,255Fund first reported on Form ADVFundsFactFounders Circle Capital III Affiliates Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019Founders Circle Capital Co-Invest Series, L.P.- Series 1 first reported on Form ADV by Founders Circle Capital, LLC (Venture Capital Fund), GAV $4,668,791Fund first reported on Form ADVFundsFactFounders Circle Capital Co-Invest Series, L.P.- Series 1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 15, 2018Christopher John Albinson (Managing Director) no longer on Schedule A of Founders Circle Capital, LLC
- Mar 29, 2017Founders Circle Capital II Affiliates Fund, LP first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $10,123,073Fund first reported on Form ADVFundsFactFounders Circle Capital II Affiliates Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2017Founders Circle Capital II, L.P. first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $196,327,672Fund first reported on Form ADVFundsFactFounders Circle Capital II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2015FCC Veracode Co-Invest, LLC first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $3,290,582Fund first reported on Form ADVFundsFactFCC Veracode Co-Invest, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2015Founders Circle Capital I Opportunities Fund, LP first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $35,273,925Fund first reported on Form ADVFundsFactFounders Circle Capital I Opportunities Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2013Founders Circle Capital I (wr), L.P. first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $44,980,612Fund first reported on Form ADVFundsFactFounders Circle Capital I (wr), L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2013Founders Circle Capital I Affiliates Fund, L.P. first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $1,785,714Fund first reported on Form ADVFundsFactFounders Circle Capital I Affiliates Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2013Founders Circle Capital I, LP first reported on Form ADV by Founders Circle Capital, LLC (Private Equity Fund), GAV $3,571,428Fund first reported on Form ADVFundsFactFounders Circle Capital I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2013Founders Circle Capital, LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $1,022M
- Sep 12, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $1,010M
Evidence
65 observations from 3 sources