Founders Circle Capital is a
growth capital
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new mark ...
firm based in the
San Francisco Bay Area
The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area Go ...
. Founders Circle Capital invests in private companies and specializes in growth stage investments providing
preferred stock and
common stock (sometimes referred to as employee liquidity or direct
secondaries) purchases, institutional liquidity and other unique structures to founders and long-term employees. The company has also developed a private executive leadership community called The Circle for growth stage CFOs and CEOs to share professional development knowledge and resources with their peers.
History
Founders Circle Capital was founded in 2012 by Ken Loveless, a former managing director of SVB Capital, and Mike Jung, previously a JPMorgan Partners Principal.
In February 2014, the firm closed its first $195 million venture capital fund, FCC Fund I.
In July 2016, the firm began investing from its second $208 million fund.
By January 2021, the firm closed on FCC Fund III, a $355 million fund. The three funds bring the firm's assets under management to $1 billion.
Investments
Founders Circle has invested in over 40 companies since 2012, amongst others:
Adaptive Insights
Workday Adaptive Planning, formerly Adaptive Insights, is a software as a service company headquartered in Palo Alto, California and founded in 2003. The company's acquisition by Workday, Inc. was completed in August 2018.
History
In 2003, Robe ...
,
Anaplan
Anaplan is a business planning software company headquartered in San Francisco, California. Anaplan sells subscriptions for cloud-based business-planning software and provides data for decision-making purposes.
Anaplan's products are used by ove ...
,
Carbon Black,
DocuSign
DocuSign, Inc. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on diff ...
,
Elemental,
,
Twilio
Twilio () is an American company based in San Francisco, California, which provides programmable communication tools for making and receiving phone calls, sending and receiving text messages, and performing other communication functions using it ...
Pinterest, and
Ticketfly. Founders Circle Capital has invested in more than 73 startups, of which 13 have gone public and 19 have been acquired.
See also
*
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...
*
Private Equity Secondary Market
In finance, the private-equity secondary market (also often called private-equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given t ...
References
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Financial services companies established in 2012
Venture capital firms of the United States
Private equity secondary market