FFundraiseJet
Foothill Ventures logo

Foothill Ventures

Los Altos, California · Invests in US; Asia; Europe · Website

Check size

$250K-$10M

+ Save to my list
Pre-SeedSeedSeries AB2B SaaSAI & Machine LearningDeveloper ToolsCybersecurityHealthcare & BiotechRoboticsEnterprise SoftwareDeveloper Tools & InfrastructureBiotech & Life SciencesSemiconductors & HardwareRobotics & AutomationHealthcare & Digital HealthSecurity & Cybersecurity

Thesis

Back technical teams working on breakthrough products. We invest in seed stage companies that demonstrate technical differentiation - meaning technical or product-level superiority is a major reason for future success. We pursue investments from application layer (AI/ML) through software infrastructure to hardware layers (semiconductors, photonics).

Likely not a fit for

Avoid consumer apps without technical differentiation, pure hardware plays without software, and non-technical founding teams

How they invest

Lead or follow
Usually leads
Typical decision
~1 week
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

9 contacts on file

PF

Phoebe Fan

Operating Partner · Primary contact

JM

John Matheny

Partner

XS

Xuhui Shao

General Partner

JW

Jinlin Wang

General Partner

ER

Eric Rosenblum

General Partner

MJ

Michael Jin

General Partner

CL

Charles Ling

Deep Tech Investment Director

SY

Sophia Yu

Software Investment Associate

LW

Lu Wang

Life Sciences Investor

Portfolio

Neural GalaxyHealthcare Digital

Neural Galaxy is a company focused on brain science and machine learning for medical brain imaging. Their research and development efforts involve machine learning and deep learning algorithms.

WeRideRobotics Automation

WeRide is a leading global commercial-stage company that develops autonomous driving technologies from Level 2 to Level 4, with a focus on transforming urban living through autonomous mobility solutions.

MemVergeEnterprise Software

MemVerge provides solutions for memory-centric computing, focusing on AI and data management through its Memory Machine product line.

MetalenzSemiconductors Hardware

Metalenz is a fabless semiconductor optics company revolutionizing optical sensing through its innovative metasurface (metalens) technology, enabling advanced sensing capabilities in consumer electronics, automotive, and smart robotics.

Stellar CyberSecurity Cyber

Stellar Cyber provides an unifying security operations platform that integrates AI-driven SIEM, Network Detection and Response (NDR), and Open XDR capabilities to enhance cybersecurity operations.

VisionularMedia Entertainment

Visionular is a leading company in AI-driven video compression technology, offering solutions for video encoding and enhancement that reduce storage and delivery costs while maintaining high video quality.

Bioeclipse TherapeuticsBiotech Life Sciences

BioEclipse Therapeutics is a clinical-stage oncology company that develops next-generation immuno-oncology therapeutics using proprietary allogeneic and autologous technologies to target and destroy cancer cells while enabling the patient’s immune system to recognize and clear cancer.

SynfiniBiotech Life Sciences

Synfini is revolutionizing small molecule drug discovery with its AI Cloud Foundry — a platform that integrates artificial intelligence, chemistry automation, and cloud-native workflows to generate better molecules, faster.

Ryght AIHealthcare Digital

Ryght AI is a clinical trials AI software company that accelerates clinical trial site selection and feasibility processes for pharmaceutical sponsors and contract research organizations (CROs).

BubbleEnterprise Software

Bubble is a visual no-code platform for building web and mobile apps without coding. It combines AI and visual tools to launch real apps.

OtterEnterprise Software

Otter is the AI Notetaker that builds your knowledge base and powers your workflow with transcription, automated summaries, AI Chat, and more. It creates smart voice notes that combine audio, transcription, speaker identification, inline photos, and key phrases, helping business people, journalists, and students to be more focused, collaborative, and efficient in meetings, interviews, lectures, and wherever important conversations happen.

BuildkiteDeveloper Tools Infra

Buildkite is a configurable orchestration engine designed for continuous integration (CI) that provides teams with the speed to ship software at scale. It focuses on clarity, reliability, and autonomy in CI workflows.

Recent activity

Foothill Ventures in the news

Similar firms

Playground Global$1M–$20M

Operates like an applied research lab with in-house engineers who build and test tech before investing in capital-intensive platforms in compute, automation, energy, and engineered biology. ~20% portfolio unicorns.

Vanedge Capital$1M–$15M

Vanedge Capital is one of the few Canadian venture capital firms with deep expertise in hard tech sectors like space, semiconductors, and AI infrastructure, backed by former startup founders including Electronic Arts former President Paul Lee. The Vancouver and Silicon Valley-based fund focuses on technically complex, infrastructure-level companies rather than consumer apps, with a portfolio including SpaceX, xAI, and Google-acquired Raxium.

The E14 Fund$500K–$5M

Pre-seed investor exclusively backing MIT and Media Lab founders, commercializing complex research (computational fabrication, robotics), offering EPOCH rapid $50K–$150K decisions in 24 hours and strong community support.

Alumni Ventures$250K–$5M

Alumni Ventures built a "network-powered" retail VC platform that aggregates thousands of accredited individuals into professionally managed funds, allowing people to write checks as low as ~$10k while accessing large, diversified venture portfolios—making it America's largest VC firm for individual investors. The firm runs a deliberately non-controlling, co-investor-only strategy where it does not lead rounds, set terms, or take board seats, instead slotting into rounds alongside elite firms like Sequoia and Bessemer while treating its 750k+ subscriber base and ~1,400+ venture-backed founders as a scaled operating asset through structured CEO Services.

ACME Capital$500K–$15M
Research briefRead more
Foothill Ventures Research Document Investment Thesis Foothill Ventures is a technology-focused venture fund backing technical teams working on breakthrough products. The firm invests in seed stage companies that demonstrate technical differentiation - meaning one of their major reasons for future success is technical or product-level superiority. They explicitly seek entrepreneurs pursuing world-changing breakthroughs across three major domains: software, life science, and deep tech. Core Investment Strategy Sector Focus: Foothill Ventures operates across three interconnected areas: Software - Enterprise software, developer tools, AI/ML applications, cybersecurity, robotics automation Life Sciences - Drug discovery, therapeutics, medical devices, genomics, biotech Deep Tech - Semiconductors, photonics, materials science, battery technology, robotics, autonomous systems The firm has noted increasing interest in "AI to Infrastructure" investments - pursuing this theme from the application layer (AI/ML apps) through software infrastructure to multiple hardware layers (semiconductors, photonics, computing architecture). Stage Preferences and Check Size Investment Stages: Pre-seed, Seed (preferred), and Series A Check Sizes: Pre-seed: $250K-$500K Seed: $500K-$3M (most active) Series A: $3M-$10M Foothill targets ownership positions of 15-20% at seed stage and participates in follow-on rounds, with reserves typically allocated at 50% of fund. Lead Tendency Lead Investor - Foothill Ventures has a strong tendency to lead rounds, particularly at seed stage. They actively participate in Series A rounds and maintain follow-on reserves for portfolio companies. Founder Preferences Foothill specifically focuses on three types of founders: Strong Technical Founders - First criteria is quality of founding team, particularly favoring strong technologists with consistent past record of leadership success Diverse Founders - The firm has had great success betting on: Immigrant founders (cross-border perspective) Female founders PhD founders (especially important given their deep tech focus) Teams with cross-disciplinary composition Cross-Disciplinary Approach - Believe very large opportunities are created when two disciplines collide. Many top investments are in cross-disciplinary areas like: Autonomous vehicles (automotive + software + AI) Synthetic biology (biology + chemistry + computational) Medical devices (engineering + biology + materials science) Decision Process and Timeline Decision Process: Partnership-based approach with rapid turnaround Speed: Try to give responses back to entrepreneurs quickly (usually reject decision within days of first meeting, investment decision within 3 weeks) Transparency: Give real reasons for interest or lack thereof Systems + People: Invested in tools and systems for efficient support, but also deeply committed investors who work personally with founders Network Activation: Over portfolio history, invested in 350+ companies; founders represent powerful network across domains and technologies Team Structure and Expertise Leadership & General Partners: Dr. Xuhui Shao - Tsinghua/U Minnesota PhD, ex-Yahoo VP & Turn CTO, AI & Enterprise software expert (11 patents) Dr. Jinlin Wang - Tsinghua/U Connecticut PhD, Auryc CEO, Optimization & Enterprise software expert (7 patents) Eric Rosenblum - Harvard/MIT MBA, ex-SmartPay CEO, Google Product Director, Palantir Product Lead, Big data & cybersecurity expert (2 patents) Dr. Michael Jin - Tsinghua/Stanford PhD, IGC & SSI/iWatt co-founder, Biotech & IC expert (50 patents) Investment Team: Charles Ling - Deep Tech Investment Director, former investment banker Sophia Yu - Software Investment Associate, Yale MBA Dr. Lu Wang - Life Sciences Investor, PhD Biochemistry/Biophysics, ex-ThermoFisher, Linear Capital Operating Partners & Venture Partners: Phoebe Fan - Operating Partner, ex-Amazon, Deeplearning.ai, AI Fund Dr. Ning Li - Materials science & Medtech robotics expert (9 patents) Dr. Biao He - UCSF Professor, Oncology/Therapeutics/Diagnostics expert (40+ patents) John Matheny - ex-Yahoo SVP/CTO, Microsoft Partner/GM, Enterprise software expert (22 patents) Dr. Richard Liu - ex-Google, Leap.ai co-founder/CEO, Web3/Fintech/AI expert Dr. Hong Tang - Alibaba Cloud Founding Chief Architect, Cloud infrastructure/AI expert Wenxiang Ma - ex-PTC SVP, Arena Solutions CTO, Enterprise software/DevOps expert John Wang - Dashbase co-founder/CEO, ex-Twitter/LinkedIn engineer, Big data/Observability expert James Chen - ex-Netskope/BedRock VP Engineering, Cybersecurity & Cloud expert (20+ patents) Key Characteristics: All partners spent most of their careers as operators; keenly aware of what help is needed and what isn't. The team combines deep technical expertise (50+ patents across leadership, extensive PhD representation) with operational experience. Recent Activity and Fund Status Fund: Foothill Ventures Fund III closed above target at $110M (target was $100M) Recent Investments (2025-2026): January 2026: Aether Fuels (Convertible Note) December 2025: Multiple investments including Lucidean, Novolinc Throughout 2025: 15+ investments across all three sectors Notable recent: Synfini, Ryght AI, CarbonSix robotics, and multiple AI infrastructure plays Fund Status: Actively deploying Fund III with strong momentum in AI infrastructure investments Notable Portfolio Companies Highlighted Companies: Neural Galaxy - Personalized brain mapping using rs-fMRI (Seed investment) WeRide - Autonomous taxi fleet with permits in China, US, UAE, Singapore (Seed investment, 25M autonomous km traveled) MemVerge - Big Memory computing (800x faster load times) Metalenz - World's first metasurface lens replacing conventional optics (1000x smaller than human hair) Sector Distribution: 80+ portfolio companies in Deep Tech (semiconductors, photonics, battery tech, materials science, robotics) 60+ in Life Sciences (therapeutics, genomics, medical devices, drug discovery) 70+ in Software (enterprise, developer tools, AI/ML, cybersecurity, infrastructure) Notable Exits: BuildKite (acquired by Atlassian), LogStream (acquired by Datadog), Loftium, Cardea Bio, OmniML Value-Add & Support Model How Foothill Adds Value: Strategic Guidance - Work closely on company strategy, financing, hiring, business development Community Building - Built community around portfolio of 350+ companies; mostly technical founders creating network for collaboration and support China-US Bridge - Skilled at bridging gaps between China and US for financing and business development Operational Support - Willing to dive deep into technical challenges and help clear the way Board Participation - Active board members providing scientific expertise and patient capital for long-term ventures Portfolio Support Systems: Recruiting tools Knowledge databases Founder network activation Technical consulting (given deep expertise of partners) Location & Operations Headquarters: Los Altos, California (280 2nd Street, Los Altos, CA 94022) Geographic Focus: Primarily US, with strong focus on China (hence ex-Tsingyuan branding), selective Europe and Asia-Pacific Operations: Founder-friendly, partner-operated fund with deep technical bench Website & Communications Website: https://foothill.ventures Domain: foothill.ventures Contact: [email protected] Social: LinkedIn (foothillventures), Twitter (@FoothillVenture) Content: Medium blog (medium.com/foothill-ventures) with articles on technical founder preferences, diversity, cross-disciplinary investing Notable Positioning Founder-Friendly Approach: The firm positions itself as "founder friendly" with clear values: Make decisions quickly Be transparent with real reasons Believe in combination of systems and people Power of network activation Here to serve - clear the way for founder success Anti-Thesis: Explicitly avoid consumer apps, pure hardware plays without software, non-technical founding teams Historical Context Foothill Ventures is the rebranded version of Tsingyuan Ventures (announced in a medium article by Eric Rosenblum). The rebranding reflects the firm's evolution from focusing on Chinese ventures to a truly global investment thesis with US headquarters, while maintaining deep expertise in cross-border and immigrant founders.

Add Foothill Ventures to your investor list

Sign up free to save investors, see partner contacts, and track your raise.

Sign up