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 Jan 05, 2026, the latest employee count at Foundation is 11.

Is Foundation a funded company?

Foundation is a funded company, having raised a total of $15.9M across 2 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 Dec 17, 2025, with participation from 0 investor. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $855M in funding in 2026 to date.

Where does Foundation rank among its competitors?

Foundation ranks 15th amongst 723 active competitors, of which 83 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Foundation, which secured $13.4M in Dec, 2025.

Who are the top competitors of Foundation?

Foundation's top competitors include Ripio, Phantom and imToken. Among them, Foundation secured the most recent funding round in December, 2025.

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

$15.9M in 2 rounds

Latest Funding Round

Series A, Dec 17, 2025, $*****

Investors

Bolt & 12 more

Ranked

15^th among 723 active competitors

Employee Count

11 as on Jan 05, 2026

Similar Companies

Enjin & 203 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 $15.9M over 2 rounds. Its first funding round was on 2022. Foundation has 13 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
Dec 17, 2025	7018874	Series A	4997105	5994252	3178081	5775744
2022	3279	Seed	9091	9005	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 11 employees as of Jan 26. Here is Foundation's employee count trend over the years:

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Top competitors of Foundation include Ripio, Phantom 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	Ripio 2013, George Town (Cayman Islands), Series B	Online reseller of Bitcoins	$53.1M	Boost VC, Amasia & 25 others	75/100
2nd	Phantom 2021, San Francisco (United States), Series C	Provider of a self-custodial cryptocurrency wallet with multi-chain support	$277M	Paradigm, Sequoia Capital & 6 others	74/100
3rd	imToken 2016, Singapore (Singapore), Series B	Digital asset wallet for cryptocurrency exchange	$40M	IDG Capital, Qiming Venture Partners & 6 others	73/100
4th	Bitget 2018, Cayman Islands, Series B	Provider of a community-based cryptocurrency and digital asset exchange	$20M	DRAGONFLY, Anlan Capital & 5 others	72/100
5th	Rainbow 2019, New York City (United States), Series A	Mobile wallet for cryptocurrencies	$21M	Seven Seven Six, FinTech Collective & 9 others	71/100
6th	Exodus 2015, Omaha (United States), Public	Colocation, managed hosting, enterprise cloud & IT solutions	-	sillicollegesilli.org, Seyen Capital & 10 others	70/100
7th	MetaMask 2015, San Francisco (United States), Funding Raised	Developer of a platform for managing digital assets and blockchain interactions	-	Consensys Labs, Trousdale Ventures & 3 others	69/100
8th	Deblock 2022, Lille (France), Series A	Platform offering a self-custodial cryptocurrency wallet	$59.7M	Speedinvest, CommerzVentures & 15 others	68/100
9th	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
10th	Strike 2018, Chicago (United States), Series B	App-based trading and payment solutions for cryptocurrency	$90M	TEN31, General Atlantic & 8 others	67/100
15th	Foundation 2020, Boston (United States), Series A	Online platform offering cold and hot digital asset wallets	$15.9M	Kube VC, Visary Capital & 11 others	62/100