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Foundation Secures $6.4 Mil...

Updated May 25, 2026

SOLD

Foundation Secures $6.4 Million Funding Led By Fulgur Ventures And Arche Capital

Building Size

—

Asset Type

—

Closing

May 25, 2026

About this deal

AI

Foundation, a Boston, MA-based company developing human authority hardware, has raised $6.4 million in a funding round led by Fulgur Ventures and joined by Arche Capital. This investment contributes to the company's total funding of $16.5 million.

Summary of transaction details:

  • Deal Type: Funding Round
  • Transaction Amount: $6,400,000
  • Company HQ: Boston, Massachusetts
  • CEO: Zach Herbert
  • Notable Investors: Fulgur Ventures, Arche Capital

Founded by Zach Herbert, Foundation builds dedicated security devices designed to help users maintain control over digital decisions. Its flagship product, Passport Prime, features advanced technology including a programmable security platform and integrates various digital security tools, showcasing the company's commitment to innovative hardware solutions.

Players

F
FoundationBuyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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