When was Foundation founded?

Foundation was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Foundation located?

Foundation is headquartered in Boston, United States.

Who is the current CEO of Foundation?

Zach Herbert of Foundation. They have also founded 1 company.

How many employees does Foundation have?

As of Aug 31, 2026, the latest employee count at Foundation is 12.

Is Foundation a funded company?

Foundation is a funded company, having raised a total of $22.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Foundation?

Foundation's latest funding was a $***** Series A round on May 21, 2026, with participation from 2 investors. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $2.32B in funding in 2026 to date.

Where does Foundation rank among its competitors?

Foundation ranks 11th amongst 900 active competitors, of which 81 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Foundation, which secured $6.4M in May, 2026.

Who are the top competitors of Foundation?

Foundation's top competitors include Phantom, Ripio and imToken. Among them, Foundation secured the most recent funding round in May, 2026.

Foundation - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online platform offering cold and hot digital asset wallets. It offers a platform that enables users to access hardware wallets with high-resolution color display. It also offers a mobile wallet that enables users to store, send, and receive cryptocurrencies.

Website: foundation.xyz
Social
Email ID: *****@foundation.xyz

Key Metrics

Founded Year

2020

Location

Boston, United States

Stage

Series A

Total Funding

$22.3M in 3 rounds

Latest Funding Round

Series A, May 21, 2026, $*****

Investors

Bolt & 13 more

Ranked

11^th among 900 active competitors

Employee Count

12 as on Aug 31, 2026

Similar Companies

Enjin & 263 more

View Foundation's full profile

Foundation is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Foundation Devices, Inc. CIN: 845146205 , United States, Active	Dec 31, 2019	-	-	-

Foundation has raised a total funding of $22.3M over 3 rounds. Its first funding round was on 2022. Its latest funding round was a Series A round on May 21, 2026 for $*****. 2 investors participated in its latest round. Foundation has 14 institutional investors.

Here is the list of recent funding rounds of Foundation:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2026	4845370	Series A	3872106	8619731	1781472	6930841
Dec 17, 2025	1674174	Series A	3509238	1803657	6784209	5828913
2022	9285	Seed	7877	9655	Bolt	Massachusetts Avenue Capital & 5 more

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View details of Foundation's funding rounds and investors

The founders of Foundation are Zach Herbert and Ken Carpenter. Zach Herbert is the CEO of Foundation.

Here are the details of Foundation's key team members:

Zach Herbert: Co-Founder & Co-CEO of Foundation and founder of 1 other company.
Contact Info: 2 email addresses
Ken Carpenter: Cofounder & Chief Technology Officer of Foundation.

View details of Foundation's Founder profiles and Board Members

Foundation's employee count trend

Foundation has 12 employees as of Aug 26. Here is Foundation's employee count trend over the years:

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Top competitors of Foundation include Phantom, Ripio and imToken. Here is the list of Top 10 competitors of Foundation, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Phantom 2021, San Francisco (United States), Series C	Provider of a self-custodial cryptocurrency wallet with multi-chain support	$277M	Paradigm, Sequoia Capital & 7 others	78/100
2nd	Ripio 2013, George Town (Cayman Islands), Series B	Online reseller of Bitcoins	$53.1M	Boost VC, Amasia & 25 others	75/100
3rd	imToken 2016, Singapore (Singapore), Series B	Digital asset wallet for cryptocurrency exchange	$40M	Qiming Venture Partners, IDG Capital & 6 others	73/100
4th	Exodus 2015, Omaha (United States), Public	Colocation, managed hosting, enterprise cloud & IT solutions	-	sillicollegesilli.org, Seyen Capital & 10 others	72/100
5th	Bitget 2018, Cayman Islands, Series B	Provider of a community-based cryptocurrency and digital asset exchange	$20M	DRAGONFLY, Anlan Capital & 5 others	72/100
6th	Rainbow 2019, New York City (United States), Series A	Mobile wallet for cryptocurrencies	$21M	Seven Seven Six, Broadhaven Ventures & 9 others	71/100
7th	MetaMask 2015, San Francisco (United States), Funding Raised	Developer of a platform for managing digital assets and blockchain interactions	-	SNZ, DeepTech Ventures & 4 others	69/100
8th	Trust Wallet 2005, San Francisco (United States), Acquired	App-based wallet to send, receive and store digital assets	-	3n Capital, 8 Decimal Capital & 2 others	68/100
9th	Deblock 2022, Lille (France), Series A	Platform offering a self-custodial cryptocurrency wallet	$59.7M	Latitude, CommerzVentures & 15 others	68/100
10th	TRON 2017, Singapore (Singapore), Funding Raised	Blockchain-based explorer and wallets for cryptocurrencies	-	Rhapsody Ventures, Blockchain R&I & 10 others	68/100
11th	Foundation 2020, Boston (United States), Series A	Online platform offering cold and hot digital asset wallets	$22.3M	Baukunst, Fulgur Ventures & 12 others	66/100