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Foundation Capital closes 9th venture capital fund

Sep 11, 2019 - SNL Financial

The fund will invest in early-stage companies.

Foundation Capital closed its $350 million Foundation Capital Fund 9, which will back early-stage companies.

The fund will be led by general partners Ashu Garg, Charles Moldow and Steve Vassallo.

The venture capital firm said it has backed companies such as Netflix Inc., Sunrun Inc., LendingClub Corp., TubeMogul Inc. and Chegg Inc.