Form D · Venture Capital Fund

Foundation Capital XI, L.P.

Palo Alto, CA · CIK 0001971069

Offering snapshot reported May 23, 2024 · SEC filing

Reported sold: $587M
Investors reported: 80
Minimum accepted: $0
First sale: Apr 20, 2023

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 80

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 23, 2024	Amendment	$587,282,500	No comparison	80	SEC filing
Apr 19, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-479455

Source: Form D, filed May 23, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

FOUNDATION CAPITAL XI, L.P.

Investment adviser: FOUNDATION CAPITAL, LLC

Gross asset value: $158M
Beneficial owners: 82
ADV minimum commitment: $250K

Reported in Form ADV on Apr 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor BDO USA, P.C. SAN FRANCISCO, California, United States

Custodian FIRST-CITIZENS BANK & TRUST COMPANY MENLO PARK, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

BDO USA, P.C.
PCAOB 243

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

Filing source

Form ADV 2091045 · Apr 1, 2026 · Schedule D 7.B.(1), fund 805-9328297314

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Foundation Capital VII, L.P.	Apr 9, 2012	Yet to sell	0
Foundation Capital VIII, L.P.	Jun 15, 2015	Yet to sell	0
Foundation Capital IX, L.P.	Aug 14, 2018	Yet to sell	0
Foundation Capital X, L.P.	Jun 4, 2021	Yet to sell	Not reported
Foundation Capital XI, L.P. (this fund)	May 23, 2024	$587,282,500	80

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Ashu Garg	Executive
Charles Moldow	Executive
Steve Vassallo	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

550 High Street, 3 Rd Floor
Palo Alto, CA, 94301