Foundation Capital, an early backer of Solana and Cerebras, raises $600M fund

Foundation Capital has come a long way since it was forced to scale down its fund size from $750 million in 2008 to $282 million (its sixth main fund) in 2013.

On Tuesday, the 30-year-old firm announced that it raised a $600 million eleventh flagship fund, which is 20% larger than the predecessor $500 million fund it closed about three years ago.  

Foundation credits its revival with sticking to its knitting: seed stage investing. 

“Most firms that have been around for 30 years have typically gone multi-stage, multi-geography,…