Foundation Capital, a Menlo Park, CA-based venture capital firm, is to raise $350m for its ninth fund.
According to a regulatory form filed with the SEC, Foundation Capital IX, L.P., has not raised funds yet.
The document lists general partners Ashu Garg, Charles Moldow, and Steve Vassallo as people related to the offering. The other GP of the firm is Paul Holland.
Foundation Capital invests in tech companies in such sectors as:
– IT infrastructure,
– Martech, and
Portfolio companies include Netflix, Lending Club and Sunrun, among many others (read here).