The firm has raised $95 million for its fifth and largest fund, Founder Collective tells Insider exclusively.
While it's not the splashiest shop, those in the know know Founder Collective has quietly built one of the most successful venture-capital franchises on the East Coast.
Founder CollectiveFounded in 2009, Founder Collective started as a bloc of founders and investors pooling their money to invest in startups.
Founder Collective has always been ruthlessly focused on the seed stage, where investors take the biggest risk in pursuit of the highest returns.
"We have been fastidious and we've screamed it to anyone who will listen: capital efficiency, capital efficiency, capital efficiency," Frankel said.
Persons:
Eric Paley, Collective's, it's, Beezer Clarkson, Sapphire, Clarkson, Paley, David Frankel, Frankel, Amanda Herson, Herson, we've
Organizations:
Sapphire Partners, Cendana, Foundry Group, Forbes, Felicis Ventures
Locations:
Cambridge , Massachusetts, East, Coupang, Susa