Early investor of Solana Labs, Foundation Capital, has raised $600 million for its 11th fund

According to The Block, Silicon Valley venture capital firm Foundation Capital has raised $600 million for its 11th fund. The company is an early investor in Solana Labs and will continue to focus on supporting early-stage startups.

The 30-year-old venture capital firm primarily invests in areas such as cryptocurrency, fintech, and artificial intelligence. It stated that the new fund will continue its tradition of supporting founders before product development or revenue generation, providing support at the "zero-start" stage. Foundation Capital said that 80% of its investments occur before a company generates its first dollar in revenue. "We are looking for so-called 'zero-to-ten billion-dollar markets' - these opportunities do not appear in industry forecasts because they are only visible to those who can see beyond what currently exists."