Tech Company Financing Transactions

Foundation Devices Funding Round

Polychain Capital, Bolt and Greenfield Capital Partners participated in a $7 million Seed funding round for Foundation Devices. The round was recorded on 12/19/2022.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Proceeds Purpose
The company will use the funds to Open source hardware devices and the push for self-custody.

Company Information

Company Status
Private & Independent
Mailing Address
6 Liberty Square #6018
Boston, MA 02109
Email Address
Launched in April 2020, Foundation builds products that make Bitcoin and decentralized technologies accessible to everyone, enabling you to reclaim your digital sovereignty. The tech industry has evolved into a centralized, invasive, pro-censorship hellscape. We relinquish our digital freedom in exchange for convenience, forfeiting control of our personal data and our ability to transact freely and privately. But this wasn't always the case! There was a time when Apple pushed us to "think different," a time when Google lived by the mantra "don't be evil." As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, we build open source technology that "can't be evil," that preserves your freedom and privacy by default.
Foundation Devices LinkedIn Company Profile
Social Media
Foundation Devices Company Twitter Account
Company News
Foundation Devices News
Foundation Devices on Facebook
Foundation Devices on YouTube

Management Team

Email & Social
Chief Executive Officer
Zach Herbert
  Zach Herbert LinkedIn Profile  Zach Herbert Twitter Account  Zach Herbert News  Zach Herbert on Facebook
Chief Technical Officer
Ken Carpenter
  Ken Carpenter LinkedIn Profile  Ken Carpenter Twitter Account  Ken Carpenter News  Ken Carpenter on Facebook
Jacob Johnston
  Jacob Johnston LinkedIn Profile  Jacob Johnston Twitter Account  Jacob Johnston News  Jacob Johnston on Facebook



Browse more venture capital transactions:

Prev: 12/19/2022: Redaptive venture capital transaction
Next: 12/19/2022: Axelar Network venture capital transaction


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We do our best to document all VC transactions involving tech companies. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with, an affiliated venture.


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