Foundation Devices
Boston, US · Founded 2020 · 9 known investors
Find your way into Foundation Devices
Foundation Devices manufactures Passport Prime, a hardware device designed to secure Bitcoin, two-factor authentication codes, security keys, and other sensitive digital assets. The company serves cryptocurrency users and individuals seeking dedicated hardware security solutions.
Founders & leadership
Foundation Devices was founded in 2020 by Zachary Herbert and Kenneth Carpenter.
ZH
Zachary HerbertCo-founder
KC
Kenneth CarpenterCo-founder
BQ
Bitcoin QnA
Board
OM
Oleg MikhalskiyBoard director
Investors · 9
Inflection.xyzBoston · $500K – $2M
Kube VC
GreenfieldreportedNew York
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 6 rounds · 2020–2026
- Undisclosed amountSeed FundingDec 2022 · 2 sources
Polychain Capital (lead), Bolt, Greenfield Capital, Lightning Ventures, Third Prime, Unpopular Ventures, Warburg Serres
Source ↗ - $7MraisedDec 2022 · 3 sources
Polychain (lead)
Source ↗ - Undisclosed amountangel funding roundSep 2020Source ↗
▶$13.4MraisedJan 2026 · 19 investors · Other TechnologyRule 506(b)
▶$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
▶$2.5MraisedAug 2021 · 22 investors · Other TechnologyRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Foundation Devices do?
- Foundation Devices manufactures Passport Prime, a hardware device designed to secure Bitcoin, two-factor authentication codes, security keys, and other sensitive digital assets. The company serves cryptocurrency users and individuals seeking dedicated hardware security solutions.
- 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 Inflection.xyz, Kube VC, Greenfield, 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 6 known rounds.
- Where is Foundation Devices headquartered?
- Foundation Devices is headquartered in Boston, US.