Founders Circle Capital

Founders Circle Capital is a 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
TypePrivate
IndustryVenture capital, private equity secondary market
Founded2012
Headquarters
San Francisco, California
,
U.S.
Key people
  • Mike Jung, Founding Partner
  • Ken Loveless, Founding Partner
  • Andrew Boston, Partner
  • Rebecca Wood,Partner
  • Charles Shannon, Partner
  • Mark Dempster, Chief People Officer
Websitefounderscircle.com

History

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]

Investments

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]

See also

References
  1. "Founders Circle Capital LLC - Company Profile and News". Bloomberg News. Archived from the original on 2021-07-22.
  2. https://www.linkedin.com/company/founders-circle-capital/?originalSubdomain=il
  3. https://www.linkedin.com/company/founders-circle-capital/
  4. "| California Secretary of State". Archived from the original on 2021-07-20.
  5. Chernova, Yuliya (23 October 2014). "Founders Circle Closes $195M in Two Funds for Secondary Private-Share Buys". Wall Street Journal.
  6. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  7. "Founders Circle Capital has raised a new $355 million fund to buy primary and secondary shares – TechCrunch". Archived from the original on 2021-08-12.
  8. "Founders Circle Capital Raises $355M for Fund III - FinSMEs". 28 April 2021.
  9. "Workday to buy VC-backed Adaptive Insights for about $1.55 bln | Venture Capital Journal". 11 June 2018.
  10. Geron, Tomio (2016-09-16). "Founders Circle Raises $208M Fund for Secondary Deals". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-21.
  11. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  12. "Founders Circle Capital investor portfolio, rounds & team | Dealroom.co".
  13. Geron, Tomio (2016-09-16). "Founders Circle Raises $208M Fund for Secondary Deals". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-07-02.
  14. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  15. "S-3ASR". Archived from the original on 2021-07-21.
  16. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  17. Geron, Tomio (16 September 2016). "Founders Circle Raises $208M Fund for Secondary Deals - WSJ". Wall Street Journal.
  18. "Pinterest IPO: Stock starts trading on the public market". CNBC. 18 April 2019.
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