Foundation Capital, LLC is a venture capital firm based in Menlo Park, California, founded in 1995. The firm specializes in investing in early-stage and growth-stage information technology companies, with a focus on sectors such as enterprise software, fintech, consumer technology, digital energy, and marketing technology. Foundation Capital aims to support entrepreneurs by providing capital and strategic guidance, believing that innovative ideas can transform industries. The firm has a diverse portfolio that includes investments in over 60 high-growth ventures, such as Lending Club, Sunrun, and Netflix. It typically invests between $1 million and $10 million per company and prefers to take the lead in investments, often securing board seats. Foundation Capital's successful track record includes 26 initial public offerings, reflecting its commitment to fostering transformative businesses.
Momento is an insurtech company with the objective of revolutionizing the insurance industry in Latin America, starting with car insurance. We want to make insurance easy and accessible for the underserved population in LATAM.
EvolutionIQ
Series B in 2023
EvolutionIQ is a company focused on transforming the insurance industry through its artificial intelligence-driven claims guidance platform. The platform is designed specifically for disability and general liability carriers, enhancing claims processing efficiency and productivity tracking. By reducing reserves and losses, cycle times, and adverse events, it helps lower operational expenses while boosting customer satisfaction. Additionally, EvolutionIQ's technology includes a fraud detection dashboard that identifies fraud trends, making the insurance process more fair, transparent, and affordable for clients. With its innovative approach, the company aims to significantly improve the overall claims management experience for insurance carriers.
CoinCover
Series B in 2023
Coincover is a provider of insurance-backed technology aimed at safeguarding digital assets, particularly cryptocurrencies. The company offers a range of services designed to protect end-users against the loss or theft of their crypto holdings due to hacks, human error, or fraudulent transactions. Key features include Cryptocurrency Theft cover, which shields users from phishing, hacking, and criminal extortion, ensuring that if theft occurs, the full value of the assets is recovered without any deductible. Additionally, Coincover provides a Deposit Protection Guarantee that secures user access to their cryptocurrency, even in cases of password loss, device failure, or business insolvency. The company also employs a Transaction Checker that monitors transactions in real-time to identify and flag suspicious activities, further enhancing the security of users' digital assets. Overall, Coincover aims to deliver peace of mind to its customers by ensuring that their digital currencies are both safe and accessible.
EvolutionIQ
Series A in 2022
EvolutionIQ is a company focused on transforming the insurance industry through its artificial intelligence-driven claims guidance platform. The platform is designed specifically for disability and general liability carriers, enhancing claims processing efficiency and productivity tracking. By reducing reserves and losses, cycle times, and adverse events, it helps lower operational expenses while boosting customer satisfaction. Additionally, EvolutionIQ's technology includes a fraud detection dashboard that identifies fraud trends, making the insurance process more fair, transparent, and affordable for clients. With its innovative approach, the company aims to significantly improve the overall claims management experience for insurance carriers.
Seel
Series A in 2022
Seel is the leading U.S e-commerce insurer. Trusted by 2,000+ merchants, from starting DTC brands to multibillion dollar marketplaces.
Insurate
Seed Round in 2021
Insurate is a managing general agent (MGA) focused on workers' compensation insurance, utilizing data science and predictive analytics to enhance risk assessment. The company aims to provide a fair and transparent underwriting process by identifying businesses that exhibit a lower risk profile than the industry average. By matching these safer companies with competitive rates, Insurate enables clients to achieve substantial savings on their annual workers' compensation policies. Additionally, Insurate specializes in accommodating hard-to-place codes, assisting agents in writing and retaining business more effectively.
Branch
Series B in 2021
Branch is a full-stack insurance company designed to make home and auto insurance simpler to buy and less expensive. Using data, technology, and automation, Branch created the world's first instant, online bundling capability which helps people save thousands of dollars a month in just minutes. Branch partners across the home and auto landscape to embed insurance at the moments that matter, delivering greater convenience and better savings.
Seel
Seed Round in 2020
Seel is the leading U.S e-commerce insurer. Trusted by 2,000+ merchants, from starting DTC brands to multibillion dollar marketplaces.
Layer 6 AI
Venture Round in 2020
Layer 6 enables enterprise clients to deploy the advanced Deep Learning solutions to accelerate their business through better use of data. Layer 6 AI SaaS clients include large Financial Service and Insurance firms, Media/Cable companies, E-Commerce and Retail brands, and news publications.
Branch
Series A in 2020
Branch is a full-stack insurance company designed to make home and auto insurance simpler to buy and less expensive. Using data, technology, and automation, Branch created the world's first instant, online bundling capability which helps people save thousands of dollars a month in just minutes. Branch partners across the home and auto landscape to embed insurance at the moments that matter, delivering greater convenience and better savings.
agentero
Seed Round in 2020
Agentero Inc. is a technology company that offers a digital platform designed to assist independent insurance agents in managing and growing their businesses. Founded in 2017 and headquartered in Oakland, California, with additional offices in Nashville, Tennessee, and Madrid, Spain, Agentero enables agents to monitor new business and existing clients, facilitating cross-selling and up-selling opportunities. The platform provides tools for agents to efficiently manage insurance policies, access modern carriers, and enhance customer interactions. By streamlining the quoting and binding processes, Agentero aims to create a more intuitive insurance ecosystem that allows agents to deliver the right insurance solutions to their clients at the right time.
EvolutionIQ
Seed Round in 2019
EvolutionIQ is a company focused on transforming the insurance industry through its artificial intelligence-driven claims guidance platform. The platform is designed specifically for disability and general liability carriers, enhancing claims processing efficiency and productivity tracking. By reducing reserves and losses, cycle times, and adverse events, it helps lower operational expenses while boosting customer satisfaction. Additionally, EvolutionIQ's technology includes a fraud detection dashboard that identifies fraud trends, making the insurance process more fair, transparent, and affordable for clients. With its innovative approach, the company aims to significantly improve the overall claims management experience for insurance carriers.
Mulberry
Seed Round in 2018
Mulberry Technology Inc., known as Mulberry, is a New York-based company that specializes in developing artificial intelligence-driven plugins for e-commerce platforms to facilitate the purchase of extended warranties. Founded in 2018, Mulberry connects insurers, brands, and consumers to streamline the signing of contracts and terms related to product protection. The company's offerings encompass a wide range of categories, including consumer electronics, furniture, appliances, jewelry, and fitness equipment, among others. By providing personalized product protection solutions, Mulberry aims to help brands generate additional revenue while enhancing the customer experience. Its platform utilizes application programming interfaces and AI to integrate customized protection programs seamlessly into the online shopping journey, thereby simplifying the process of obtaining insurance and improving operational efficiency for businesses.
agentero
Seed Round in 2017
Agentero Inc. is a technology company that offers a digital platform designed to assist independent insurance agents in managing and growing their businesses. Founded in 2017 and headquartered in Oakland, California, with additional offices in Nashville, Tennessee, and Madrid, Spain, Agentero enables agents to monitor new business and existing clients, facilitating cross-selling and up-selling opportunities. The platform provides tools for agents to efficiently manage insurance policies, access modern carriers, and enhance customer interactions. By streamlining the quoting and binding processes, Agentero aims to create a more intuitive insurance ecosystem that allows agents to deliver the right insurance solutions to their clients at the right time.
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