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Foundation Devices Announces Completion Of $7M Seed Round To Accelerate Development Of Its Sovereign Computing Platform

PRIVATEDec 19, 2022

Amount Raised

$7 Million

Round Type

Seed

BostonBlockchainCryptocurrency

Investors

Unpopular VenturesLightning VenturesGreenfield CapitalPolychain Capital

Description

Foundation Devices (“Foundation”), a sovereign computing company that develops Bitcoin-centric tools that empower users to reclaim their digital sovereignty, today announced the close of its $7 million seed round led by Polychain Capital. Other investors participating in the round include new investors Greenfield Capital and Lightning Ventures, and existing investors Third Prime, Warburg Serres, Unpopular Ventures, and Bolt.

Quick answer

Foundation raised $7 Million in a Seed round, dated December 19, 2022. Investors: Unpopular Ventures, Lightning Ventures, Greenfield Capital and Polychain Capital. Foundation is based in Boston, Massachusetts, United States.

How much did Foundation raise?
Foundation raised $7 Million in a Seed round on December 19, 2022.
Who invested in Foundation?
Unpopular Ventures, Lightning Ventures, Greenfield Capital and Polychain Capital are named as investors in this round.
What does Foundation do?
Foundation is a Bitcoin-focused company that builds tools to help individuals reclaim financial freedom, including the Passport hardware wallet and the Envoy mobile app, designed to provide secure, user-empowered..
Where is Foundation based and how big is it?
Foundation is based in Boston, Massachusetts, United States. Fundz records about 11 employees.
Who are the decision-makers at Foundation?
Fundz holds 1 contact at Foundation, including the Chief Technology Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as Foundation that raised within 45 days of this round, from Fundz verified event records.

  • Architect raised $5M (Funding Round) on January 20, 2023.
  • SphereOne raised $2.5M (Seed) on January 19, 2023.
  • Open Forest Protocol raised $4.1M (Pre-Seed) on January 11, 2023.
  • Jumbo raised $3.5M (Seed) on January 10, 2023.
  • Architect raised $5M on January 6, 2023.
  • MSafe raised $5M (Seed) on January 5, 2023.

Who to call at Foundation, and when

A new round usually means Foundation is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Foundation raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Foundation, from your own LinkedIn network

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Company Information

Company

Foundation

Location

6 Liberty Square

Boston, Massachusetts, United States

About

Foundation is a Bitcoin-focused company that builds tools to help individuals reclaim financial freedom, including the Passport hardware wallet and the Envoy mobile app, designed to provide secure, user-empowered control over bitcoin.

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Related People

1 contact
Verified contactsKen J., Chief Technology Officer hiddenSee plans and pricing
Predictive Intelligence
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Foundation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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