
Foothill Ventures
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
Frequently Asked Questions
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