Early Solana Backer Foundation Capital Raises New $600M Fund
Crypto VCs are starting to bank new funds as enthusiasm returns to the U.S. crypto startup scene.
Foundation Capital, an early backer of Solana, secured $600 million for its 11th fund to invest in crypto, fintech, and AI startups.
What’s the Scoop?
- Significant Fundraise: The venture firm raises $600 million for its 11th fund, marking a 20% increase over its previous fund.
- Focus Areas: The new fund targets early-stage investments in crypto, fintech, and enterprise AI sectors.
- Early
Solana Supporter: Foundation Capital was an early investor in Solana Labs, partaking in its Series A round in 2019.
Today I’m proud to announce Foundation Capital Fund 11: $600M in support of our enduring commitment to founders.
— ashu garg (@ashugarg) March 5, 2025
For 30 years, we’ve stood alongside founders who pull the future into the present, betting early on the ideas that reshape industries
Before revenue. Before product.… pic.twitter.com/rtnoGCavPA
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