Foundation Capital, LLC
Institutional venture firm, based in Palo Alto, California, reporting $4.8B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
18 additional team members, 16 additional co-investors and affiliates, 53 additional investments, funds and LPs, 57 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 companiesnew in 12 months
3 new companies in the last 12 months. Latest round iPiD round ($16M round, led) on 24 Sep 2026.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 roundled by Zach Noorani
Zach Noorani leads the most rounds on record: 1 round, latest iPiD round (24 Sep 2026).
The partner who leads is the one to reach; the rest of the team follows a lead partner's call.
- 2 dealswith Battery Management
Invests most often alongside Battery Management (2 shared deals) and Kleiner Perkins (2 shared deals). 7 of the 19 most frequent co-investors were first seen with it on record in the last 12 months.
pair last observed on record 23 Jul 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- ManagerWhy: Named with investment responsibilityNo route on file yet
- ManagerWhy: Named with investment responsibilityNo route on file yet
Relationship network
82 connected entities24 observed rounds4 repeat counterparties6 dated rounds shown here, 2010 to 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Foundation Capital, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Foundation Capital, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
22 companies on record, 3 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| iPiD | Funding round | lead | Zach Noorani (confirmed) | $16.0M | unknown | Sep 24, 2026 | Fact Press release |
| Helius | portfolio listing | unknown | unknown | unknown | unknown | Sep 13, 2026 | Fact Company website |
| AegisAI | Series A · Series A | participant | unknown | $36.0M | unknown | Jul 23, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, fintech, healthcare, hardware, robotics, space, crypto, logistics
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
10 current, 14 departed
Decision makers
- Zach Noorani · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Led 1 round on record
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Partner · led 1 round on record
- Manager · 5 deals attributed
- Manager · 3 deals attributed
14 departed (kept with end dates)
- Ashmeet Singh Sidana · Manager · Jan 1, 2005 to Oct 23, 2013 Inference
- Michael Niles Schuh · Member · Jan 1, 2015 to Mar 28, 2017 Inference
- Paul Guthrie Koontz · Member · Jan 1, 2015 to Mar 28, 2017 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
16 vehicles, 1 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Foundation Capital XI, L.P. | Fund | 2023 form d first sale | Active deployment | $158M Apr 1, 2026 | 82 | $587M of $600M | May 23, 2024 |
| Foundation Capital Leadership Fund IV, L.P. | Fund | 2023 form d first sale | Fundraising | unknown | unknown | $175M of $250M | Jun 17, 2025 |
| Foundation Capital X, L.P. | Fund | 2022 adv first reported | Active deployment | $573M Apr 1, 2026 | 89 | $0 of $500M | Jun 4, 2021 |
Limited partners
- 1 commitment · amounts undisclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Carnegie Corporation of New York | FOUNDATION | Foundation Capital X, L.P. | $9.3M fair value on the foundation's return | reported as of Sep 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Carnegie Corporation of New York | FOUNDATION | Foundation Capital Leadership Fund III, L.P. | $4.4M fair value on the foundation's return | reported as of Sep 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Carnegie Corporation of New York | FOUNDATION | Foundation Capital XI, L.P. | $2.4M fair value on the foundation's return | reported as of Sep 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
19 co-investors · on 2 other DFX graphs
Co-investors
- 2026-07-232 shared deals · recurring · they led 1
- 2024-11-192 shared deals · recurring
- 2013-05-202 shared deals · recurring
Across DFX and the capital chainon 2 other DFX graphs · 6 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Foundation Capital, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Foundation Capital, LLC sits on 6 traced paths of capital across the graphs.
DFX traced 6 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
62 dated events, 77 observations from 4 sources
Timeline
- Apr 1, 2026Foundation Capital Xi, L.P. first reported on Form ADV by Foundation Capital, LLC (Venture Capital Fund), GAV $157,867,884
- Jun 2, 2025Illinois TRS lists Foundation Capital among its private equity managersLP commitment disclosedLPsFactTeachers' Retirement System of the State of IllinoisPension disclosure
- Jan 1, 2025Rodolfo Gonzalez Espinoza joined Schedule A of Foundation Capital, LLC as Member
- Jan 1, 2025Joanne Zhuo Chen joined Schedule A of Foundation Capital, LLC as Member
- Aug 1, 2024Daniel John Drury joined Schedule A of Foundation Capital, LLC as Chief Financial Officer
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 1, 2026 · 15 private fundsShowHide
Website description: For 30 years we
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- FOUNDATIONCAPITAL.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 1, 2026
- Private funds reported
- 15 (15 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $4.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried4 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $4.8B across 17 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $4.1B across 17 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.8B across 12 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.8B across 10 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Apr 1, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Apr 1, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 1, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 1, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Apr 1, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-01 | Apr 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-01 | Apr 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| SEC status | Apr 1, 2026 | Fact | Form ADV | |
| SEC status effective | 2012-03-30 | Apr 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Apr 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Apr 1, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 14, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Apr 1, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 28, 2024 | Fact | Form ADV |
| Office address | Apr 1, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital “Venture Capital Journal” | Oct 1, 2026 | Fact | |
| Self-described type | Venture capital “Venture Capital Journal” | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital “Venture Capital Journal” | Sep 14, 2026 | Fact | |
| Legal form | Limited Liability Company | Apr 1, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 28, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 15 | Apr 1, 2026 | Fact | Form ADV |
| Private funds reported | 15 | Apr 1, 2026 | Fact | Form ADV |
| Private funds reported | 14 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.8B | Apr 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.8B | Apr 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.1B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Apr 1, 2026 | Fact | Form ADV |
| Stated sectors | AI, enterprise software, fintech, healthcare, hardware, robotics, space, crypto, logistics “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, hardware, robotics, space, crypto, logistics “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, fintech, healthcare, hardware, robotics, space, crypto, logistics “sector words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 15 | Apr 1, 2026 | Fact | Form ADV |
| Venture funds reported | 15 | Apr 1, 2026 | Fact | Form ADV |
| Venture funds reported | 14 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $4.8B across 17 vehicles
- importance
- gav: 0.81 · funds: 1 · people: 0.4 · investments: 0.52 · co investors: 0.52
- active deployment
- investments 12m: 0.38 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-24
- emerging manager
- fund count: 29 · reported gav: $4.8B · first adv filing: 2012-03-30 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 61.2confidence 100%Why: sector fit; stage fit; activity; analogousWatch: adjacent portfolio
- score 40.7confidence 90%Why: stage fit; activity; cap table
- score 40.7confidence 90%Why: stage fit; activity; cap table
+18 more scored matches
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- LP commitment disclosed2025-06-02source on record
- Adviser's first ADV filing2012-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.