Startup profile · funding coverage
Foundation
Curated NFT marketplace for digital art and creative auctions on Ethereum.
Stage
seed
Status
private
Coverage
full
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.
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
Investors in our directory
Funds linked from Foundation's profile — open a fund page for stage focus and related deal articles.
Industries
Crypto & Web3 Marketplaces Media & Entertainment
Industry hub pages are rolling out from our fund-derived baseline taxonomy.
Related funding articles
Venture Capital Tracker pieces that cover Foundation's financing or category context.
FAQs about Foundation
Funding context and why this company shows up in venture coverage.
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.
Last updated: 2026-07-24