Hacking NetFlix : Foundation Capital Raises $750,000

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« New Releases for April 8th, 2008 | Main | Netflix Q1 2008 Earnings & Webcast on April 21st, 2008 »

Foundation Capital Raises $750,000

Reuters reports that Foundation Captial, an early investor in Netflix, has raised another round of funding.

Foundation Capital, which bet on Netflix when the DVD renter was a fledgling company, said on Monday that it had raised its seventh and largest fund at $750 million as investors remain enthusiastic about venture-backed startups amid an economic meltdown.
The latest fund brings the total amount raised by the venture capital firm to around $2.5 billion, said general partner Adam Grosser.

April 09, 2008 | Permalink