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Foothill Ventures

North America, California, United States, Los Altos

Description

Foothill Ventures, established in 2020 and headquartered in Los Altos, California, is a prominent technology-focused venture capital firm dedicated to early-stage investments. The firm primarily targets Seed and Series A rounds, focusing on groundbreaking startups that leverage deep technological advancements. Their investment thesis spans critical sectors including artificial intelligence, enterprise software, fintech, and biotechnology, seeking to back companies poised for significant disruption and growth.

Since its inception, Foothill Ventures has rapidly expanded its capital base. The firm successfully closed its second fund, Foothill Ventures Fund II, at an impressive $200 million in 2022. This latest fund brought their total assets under management to $300 million, underscoring their growing influence in the venture landscape. They typically deploy initial checks ranging from $1 million to $5 million, aiming to be a lead or significant co-investor in their target rounds.

Beyond capital injection, Foothill Ventures emphasizes a partnership-driven approach, providing strategic guidance and leveraging their extensive network to support portfolio companies. They are committed to helping founders navigate the complexities of scaling, product development, and market entry. Their focus extends to fostering long-term relationships, aiming to empower innovative teams to build enduring technology companies that can achieve substantial market leadership and impact.

Investor Profile

Foothill Ventures has backed more than 102 startups, with 14 new investments in the last 12 months alone. The firm has led 20 rounds, about 20% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, China, Singapore.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Manufacturing.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Seed (51%)
  • Series A (26%)
  • Series Unknown (7%)
  • Series B (6%)
  • Pre Seed (6%)
  • Angel (2%)
  • Private Equity (1%)
  • Series C (1%)

Country Focus

  • United States (93%)
  • China (3%)
  • Singapore (1%)
  • Canada (1%)
  • South Korea (1%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Manufacturing
  • Health Care
  • Machine Learning
  • Biotechnology
  • Medical
  • Information Technology
  • Semiconductor
  • Battery
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Foothill Ventures frequently co-invest with?

Qualcomm Ventures
North America, California, United States, San Diego
Co-Investments: 4
Xora Innovation
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Zeon Ventures
North America, California, United States, San Jose
Co-Investments: 4
Creative Ventures
North America, California, United States, Oakland
Co-Investments: 4
TV
North America, California, United States, San Jose
Co-Investments: 7
Fusion Fund
North America, California, United States, Palo Alto
Co-Investments: 4
Doral Energy-Tech Ventures
Asia, Tel Aviv, Israel, Ramat Gan
Co-Investments: 6
Entrada Ventures
North America, California, United States, Santa Barbara
Co-Investments: 5
M Ventures
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 6
Anzu Partners
North America, District of Columbia, United States, Washington
Co-Investments: 4

Which angels does Foothill Ventures often collaborate with?

NT
North America, New York, United States, New York
Shared Deals: 1
JR
North America, New York, United States, New York
Shared Deals: 1
NB
North America, New York, United States, New York
Shared Deals: 1
Dave Gilboa
North America, New York, United States, New York
Shared Deals: 1
ER
North America, California, United States, San Francisco
Shared Deals: 1
JZ
North America, California, United States, San Francisco
Shared Deals: 1
MK
North America, New York, United States, New York
Shared Deals: 1
NJ
North America, New York, United States, New York
Shared Deals: 1
CS
North America, Washington, United States, Kirkland
Shared Deals: 1
FK
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Foothill Ventures?

Synfini

Menlo Park, California, United States

Synfini is a drug discovery platform combining AI, chemistry automation, and cloud tools to design improved molecules.

Artificial Intelligence (AI)BiotechnologyLife SciencePharmaceutical
Series UnknownJul 7, 2025
Amount Raised: $8,900,000
Ryght AI

Laguna Beach, California, United States

Ryght AI develops an enterprise-scale generative AI platform and applications to accelerate clinical trials.

Artificial Intelligence (AI)BiopharmaBiotechnologyClinical TrialsDeveloper PlatformGenerative AIHealth CareSoftware
SeedJun 12, 2025
Amount Raised: $3,000,000
CarbonSix

Seoul, Seoul-t'ukpyolsi, South Korea

CarbonSix a robotics startup specializing in AI-powered manipulation for manufacturing.

Robotics
SeedMay 15, 2025
Amount Raised: $4,291,791
Stately Bio

Chicago, Illinois, United States

Stately Bio is the trade-off between measuring cells and keeping them alive.

Biotechnology
SeedMay 1, 2025
Amount Raised: $12,000,000
ChEmpower

Beaverton, Oregon, United States

ChEmpower is an advanced materials company that develops chemically reactive, abrasive-free planarization pads.

Advanced MaterialsSemiconductor
Series AApr 24, 2025
Amount Raised: $18,700,000

Corvic AI is pioneering new era of Data-Centric AI Cognitive Infrastructure by transforming raw enterprise data into AI-ready intelligence.

SeedApr 15, 2025
Amount Raised: $12,000,000
Coreshell Technologies

San Leandro, California, United States

Coreshell Technologies is a nanotechnology company that is a developer of nanolayer coating technology for rechargeable batteries.

BatteryElectric VehicleManufacturingNanotechnologyRenewable Energy
Series AMar 18, 2025
Amount Raised: $24,000,000
ResiQuant

San Francisco, California, United States

ResiQuant is an autonomous property intelligence platform revealing hidden risks impacting billions in disaster exposure.

Artificial Intelligence (AI)InsurTechPropTechRisk ManagementSoftware
SeedMar 14, 2025
Amount Raised: $4,000,000
Anyware Robotics

Fremont, California, United States

Anyware Robotics offers AI-powered mobile robots that autonomously unload boxes in containers and trucks.

Freight ServiceLogisticsRoboticsTransportation
SeedMar 13, 2025
Amount Raised: $12,000,000
Nervonik

Los Angeles, California, United States

Nervonik is a medical device company developing an opioid-free peripheral nerve stimulation (PNS) system.

ManufacturingMedicalMedical Device
Series AMar 4, 2025
Amount Raised: $13,000,000