Founders Circle Capital

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Founders Circle Capital
TypePrivate
IndustryVenture capital, Private Equity Secondary Market
Founded2012
Headquarters
San Francisco, California
,
USA
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

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]

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
  2. ^ https://www.linkedin.com/company/founders-circle-capital/?originalSubdomain=il
  3. ^ https://www.linkedin.com/company/founders-circle-capital/
  4. ^ https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=201234900020-1574689
  5. ^ https://www.wsj.com/articles/DJFVW00120141023eaanaj2vc[bare URL]
  6. ^ https://www.wsj.com/articles/founders-circle-raises-208m-fund-for-secondary-deals-1474025400[bare URL]
  7. ^ https://techcrunch.com/2021/04/27/founders-circle-capital-has-raised-a-new-355-million-fund-to-buy-secondary-startup-shares/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFJksWiOZlUU7z-b4b3fEdPY-Xn-m4UKnfgVhjZZC0meDmS0E5laTDLUXsjL3eQInSUkJKs6gxS01ldpSzavNc16Yn4f2rfy77uZ6xt2IK2Gq_D_BMmJNIZXNY3PHFG8IQ-TpxJh7QlHf4VcRqGk8-1uqRCGJo1EVVoHL_mZXwcA
  8. ^ https://www.finsmes.com/2021/04/founders-circle-capital-raises-355m-for-fund-iii.html
  9. ^ https://www.venturecapitaljournal.com/workday-buy-vc-backed-adaptive-insights-1-55-bln/
  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. ^ https://www.wsj.com/articles/founders-circle-raises-208m-fund-for-secondary-deals-1474025400[bare URL]
  12. ^ https://app.dealroom.co/investors/founders_circle_capital
  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. ^ https://www.wsj.com/articles/founders-circle-raises-208m-fund-for-secondary-deals-1474025400[bare URL]
  15. ^ https://www.sec.gov/Archives/edgar/data/1447669/000119312520287018/d36346ds3asr.htm
  16. ^ https://www.wsj.com/articles/founders-circle-raises-208m-fund-for-secondary-deals-1474025400[bare URL]
  17. ^ https://www.wsj.com/articles/founders-circle-raises-208m-fund-for-secondary-deals-1474025400[bare URL]
  18. ^ https://www.cnbc.com/2019/04/18/pinterest-ipo-stock-starts-trading-on-the-public-market.html
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