Foundation Capital

About: Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in cleantech, consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on demand services. Foundation Capital funds total more than $2.4 billion. Based in Menlo Park.

www.foundationcapital.com

Key Personnel:
General Partner: Bill Elmore, Adam Grosser, Paul Holland, Paul Koontz, Charles Moldow, Rich Redelfs, Mike Schuh, Ashmeet Sidana, Warren Weiss

Portfolio:
Cleantech
– Azure Power, Calstart Products, eMeter, EnerNOC, Naverus, Purfresh, Serious Materials, Silver Spring Networks, SunRun

News: In April 2008, Foundation Capital, a venture capital firm committed to early stage company building, announced that it has closed a $750 million venture capital fund, Foundation Capital VI. The fund will allocate roughly $250 million to expanding the firm’s thriving cleantech practice which began in 2003. Foundation Capital has since built a comprehensive portfolio of investments in cleantech sectors including energy efficiency and intelligence, green building materials and industrial processes, food quality and clean water.

In Feb 2008, Foundation Capital was selected as an Inaugural Partner of the US Department of Energy’s Entrepreneur-In-Residence (EIR) Program, working closely with the Department’s Oak Ridge National Laboratory to help sponsored entrepreneurs bring the most promising of the Lab’s energy technologies to the private sector.

On 28 July 2009, SunRun, the leading provider of home solar power, announced it closed a Series B round of funding for $18 million led by Accel Partners and joined by existing investor, Foundation Capital. SunRun plans to use the funding to meet strong demand for its popular residential solar service, expand into new markets, and build on the Company’s recent successes.

On 22 July 2009, eMeter Corporation, the global leader in Smart Grid management software, announced the close of a $32 million private financing led by Sequoia Capital and joined by existing investor, Foundation Capital. The funds will be used to accelerate eMeter’s sales and marketing in new markets, enhance services to current customers and continue investing in new products.

See Forecast Earth video interview with Paul Holland here.

foundation

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