Friday, March 24, 2006

Foundation Capital | American Venture Magazine

"Foundation Capital, a venture capital firm committed to supporting entrepreneurs in their quest to create and build successful companies, today announced it has closed a $525 million fund, Foundation Capital Fund V. Participating in the fund are two new limited partners, the Stanford Endowment and Purdue University, as well as an existing base of limited partners that included foundations, pension plans, and diversified fund-of-fund investors, and a group of endowments that already include universities like Harvard, Yale and CalTech.
Foundation Capital will continue to leverage its partners' experience in building successful information technology and communications companies to back top entrepreneurs in enterprise software & on demand services; networking, storage and telecommunications; semiconductor and EDA; and clean tech and consumer. The firm's mission with Fund V is to build on the success of existing investments in established innovators like Atheros (ATHR), Peribit (acquired by Juniper Networks - JNPR) and Netflix (NFLX). Also, the firm has created opportunities to bring its IT experience to new markets including energy and clean tech, via investments in EnerNOC, Novazone and Silver Spring Networks."

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