Fundraising Fox

Foundation Devices

Boston, US · Founded 2020 · Delaware corporation · 6 known investors

Founders & leadership

Foundation Devices was founded in 2020 by Zachary Herbert and Kenneth Carpenter.

ZH
Zachary HerbertCo-founder
KC
Kenneth CarpenterCo-founder

Board

OM
Oleg MikhalskiyBoard director

Investors · 6

Lightning VenturesreportedNew York · $100K – $500K
Polychain Capitalreported · 2 sourcesSan Francisco · $100K – $10M
Third PrimereportedNew York · $500K – $2M
Unpopular VenturesreportedMiami · $100K – $500K

Also in the syndicate · 2

Greenfield CapitalPolychainlead

Funding

SEC filings, press & company announcements

$22.9M disclosed across 3 of 4 rounds · 2021–2025

▶$13.4MraisedJan 2026 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Oleg MikhalskiyDirector
  • Zachary HerbertExecutive Officer, Director
  • Kenneth CarpenterDirector
Offering amount
$13.4M
Amount sold
$13.4M
First sale
Dec 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.5MraisedAug 2021 · 22 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Zachary HerbertExecutive Officer, Director
Offering amount
$2.5M
Amount sold
$2.5M
Minimum investment
$5K
Proceeds to insiders
$80K
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Foundation raises $6.4M to expand from Bitcoin wallets into AI agent authorizationcryptobriefing.com · May 2026Foundation Devices Raises $6.4M for AI Authorization Infrast | Phemex Newsphemex.com · May 2026Foundation Devices Closes $7M Seed Fundingfinsmes.com · Dec 2022Polychain Leads $7M Funding for Hardware Wallet Developer Foundation Devicescoindesk.com · Dec 2022Foundation Devices raises $7M for a 'truly air gapped' Bitcoin hardware wallet | Fortunefortune.com · Dec 2022Foundation Devices launches preorders for Passport and raises angel round – Foundation Blogfoundation.xyz · Sep 2020

Frequently asked questions

Who founded Foundation Devices?
Foundation Devices was founded by Zachary Herbert, Kenneth Carpenter in 2020.
Who are Foundation Devices's investors?
Foundation Devices's investors include Lightning Ventures, Polychain Capital, Third Prime, Unpopular Ventures.
How much funding has Foundation Devices raised?
Foundation Devices has disclosed $22.9M raised across 3 of its 4 known rounds.
Where is Foundation Devices headquartered?
Foundation Devices is headquartered in Boston, US.