Steve Vassallo Sells Property For Closed Transaction With Foundation Capital Partners

Foundation Capital, a 30-year-old VC firm and early backer of Solana and Cerebras, has raised a $600M eleventh flagship fund, 20% larger than its previous $500M fund. Led by general partner Steve Vassallo, Foundation remains focused on seed-stage investing, identifying founders before they even leave their jobs. The firm has returned $1.4B to LPs over the past three years, with major exits including EvolutionIQ’s $730M sale to CCC and Venafi’s $1.5B acquisition by CyberArk. Foundation plans to maintain its 15-20% ownership in early-stage companies as deal sizes grow.

AMOUNT: $600,000,000

HQ: #PaloAlto #California

#VentureCapital #FoundationCapital #SteveVassallo #TechInvesting #TradedVC