Startup profile for Foundation: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Startup profile · funding coverage

Foundation funding, valuation and investors

Curated NFT marketplace for digital art and creative auctions on Ethereum.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Seed

Undisclosed · 2021

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

Not publicly disclosed

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

seed · Los Angeles, California

Investors in latest funding

Other: Andreessen Horowitz

Sources: latest funding Last verified: 2026-07-25

Overview

Foundation is an NFT marketplace where artists mint and auction digital work, emphasizing curated drops and creator-led communities on Ethereum.

Why Foundation is interesting

Foundation helped define the 2021 NFT art wave with invite-only drops and creator royalties — seeded by a16z alongside crypto-native funds 1kx and Designer Fund.

Product & use cases

Curated NFT marketplace for digital art and creative auctions on Ethereum.

  • Artists minting and auctioning digital work
  • Invite-only creator drops
  • On-chain art patronage and collecting

Key facts

  • Seed (2021): disclosed round included a16z, 1kx, and Designer Fund (Tracxn)
  • Product: curated NFT art marketplace on Ethereum (foundation.app)
  • Co-investors not in VCT directory: 1kx, Designer Fund

Funding history (newest first)

Seed

2021 Undisclosed

Source: https://foundation.app/

Investors in our directory

Funds linked from Foundation's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz

Competitive landscape

Edge: Defined 2021 NFT art wave with invite-only curation — a16z seed alongside 1kx and Designer Fund.

Foundation popularized invite-only creator drops during the 2021 NFT cycle. Activity cooled post-hype but the platform remains active for crypto-native art.

  • SuperRare direct

    1/1 digital art marketplace.

  • OpenSea incumbent

    General NFT marketplace; Foundation is curated.

  • Traditional art galleries incumbent

    Physical art world.

Notable stories

  • Foundation helped define the 2021 NFT art wave — artists like Pak and Beeple-adjacent creators used the platform for curated drops.

Industries

Crypto & Web3 Marketplaces Media & Entertainment

Related funding articles

Venture Capital Tracker pieces that cover Foundation's financing or category context.

FAQs about Foundation

Practical answers founders, operators, and investors typically search for.

Foundation is an NFT marketplace for digital art where creators mint, auction, and sell work on Ethereum.
Andreessen Horowitz (/fund/andreessen-horowitz) participated in Foundation's seed round alongside 1kx and Designer Fund (not in our directory).
Foundation raised a seed round in 2021 during the NFT art boom; later rounds are not publicly disclosed.
It popularized invite-only creator drops and on-chain art auctions during the 2021 NFT cycle.
No — Foundation remains a private company operating an NFT marketplace.
Stage: seed
No — remains private.
Foundation is curated art-focused; OpenSea is a general NFT marketplace.
Yes — operating at foundation.app on Ethereum.
Website All startups Funding news

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.