Foundation Capital has announced the launch of its eleventh fund, raising $600 million to support seed-stage startups. This new fund, named Foundation Capital Fund 11, reflects the firm's long-standing commitment to backing innovative founders. The firm has a history of investing in transformative ideas, having previously supported companies like Solana and Cerebras. The announcement was made by various partners of Foundation Capital, emphasizing their dedication to fostering entrepreneurship and innovation in Silicon Valley. In a related development, Lofty Inc. VC has reached a first close of $43 million for its Fund III, which aims to support startups across Nigeria, Egypt, Kenya, and Francophone Africa, bridging the seed and Series A funding gap.