Company type | Private |
---|---|
Industry | Investments |
Founded | 2012 |
Headquarters | , |
Key people |
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Products | Venture capital, private equity secondary market |
Website | founderscircle |
Founders Circle Capital is an American growth capital firm based in the San Francisco Bay Area.[1] 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)[2] 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.[3]
Founders Circle Capital was founded in 2012 by Ken Loveless,[4] 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.[5] In July 2016, the firm began investing from its second $208 million fund.[6] By January 2021, the firm closed on FCC Fund III, a $355 million fund.[7] The three funds bring the firm's assets under management to $1 billion.[8]
Founders Circle has invested in over 40 companies since 2012, amongst others: Adaptive Insights,[9] Anaplan,[10] Carbon Black,[11]DocuSign,[12] Elemental,[13] Kabam,[14] Twilio[15] Pinterest,[16] and Ticketfly.[17] Founders Circle Capital has invested in more than 73 startups, of which 13 have gone public and 19 have been acquired.[18]