Foundation Capital VII Closes with $282M

Foundation Capital, a VC investment firm specializing in early-stage startups, has closed Foundation Capital VII with $282 million in commitments. The Menlo Park, CA-based firm focuses on companies in the consumer Internet, IT and cleantech sectors. Foundation’s past and current investments include job-search engine Simply Hired, online administrative toolkit BoardVantage and Netflix, a media distribution and consumption company.

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