Foundation Capital XI, L.P. is a venture capital fund based in Palo Alto, California. According to its most recent Form D, filed May 23, 2024, it has sold $587,282,500 of interests to 80 investors since its first sale in Apr 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Steve Vassallo; Ashu Garg; Charles Moldow.
- Total raised
- $587,282,500Cumulative sales reported on Form D
- Investors
- 80
- First sale
- Apr 20, 2023
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Steve Vassallo; Ashu Garg; Charles Moldow
- Latest Form D
- May 23, 2024
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Foundation Capital XI, L.P.
What is the minimum investment for Foundation Capital XI, L.P.?
Foundation Capital XI, L.P.'s latest Form D, filed May 23, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Foundation Capital XI, L.P.?
Foundation Capital XI, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Foundation Capital XI, L.P. raised?
Foundation Capital XI, L.P. reports $587,282,500 sold from 80 investors on its Form D filed May 23, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Foundation Capital XI, L.P. based?
Foundation Capital XI, L.P. is based in Palo Alto, California.
When did Foundation Capital XI, L.P. launch?
Foundation Capital XI, L.P. reports its first sale in Apr 2023.
Size compared with every venture capital fund
Raised more than 99% of the 2,216 venture capital funds based in California, and more than 100% of all 14,800 that report sales.