/People

Rafael Corrales

InvestorFounder

Founder at BACKGROUND CAPITAL · Founder at Background Capital

San Francisco, California

Writes $100K – $250K checks · typically $100K

FoundedBackground Capital

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Ask Suzanne Holloway to introduce you to Rafael

Yousign up to see who you knowSuzannetogether at LearnBoost (2012)Rafael

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Yousign up to see who you knowJamie7 people · together at InstacartRafael

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Yousign up to see who you knowRiley4 people · together at VercelRafael

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About

Rafael Corrales is an investor with a long track record in venture capital, having supported Instacart from its early stages and helped the company recruit key talent and raise capital.

Founder at Background Capital

Intro paths

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Experience

  1. Background CapitalFoundercurrent2018 — present
  2. VercelFounding Investor, Board Member2016 — 2017San Francisco
  3. CRVPartner2013 — 2017San Francisco
  4. InstacartAdvisor2012 — 2015San Francisco
  5. LearnBoostCEO / Co-founder (acquired by Wordpress)2010 — 2013San Francisco

Skills & more

Start-upsEntrepreneurshipBusiness DevelopmentVenture CapitalMergers & AcquisitionsExecutive ManagementCorporate DevelopmentSEOGlobal Business DevelopmentStrategic PartnershipsMarketingOnline Marketing
+12 moreProduct ManagementCompetitive AnalysisSales ManagementBusiness StrategySalesManagement ConsultingTeam BuildingDue DiligenceSaaSStrategyLeadershipAnalysis

Languages Spanish

From Rafael's professional profile.

Deals · 2

AudioShakeSolo GP

via BACKGROUND CAPITAL · filed Aug 2025

ShoppingGivesSolo GP

via BACKGROUND CAPITAL · filed Sep 2020

Attribution from SEC filings, press coverage, and firm rosters. Some rows are inferred. Not right? Tell us.

Other disclosed investments

Per curated public sources.

Network3

Investors connected to Rafael in public investor directories — a warm-intro map.

Frequently asked questions

Who is Rafael Corrales?
Rafael Corrales is an investor with a long track record in venture capital, having supported Instacart from its early stages and helped the company recruit key talent and raise capital.
Where does Rafael Corrales work?
Rafael Corrales is Founder of Background Capital and Founder at BACKGROUND CAPITAL.
What check size does Rafael Corrales write?
Rafael Corrales typically writes checks of $100K – $250K.
What companies did Rafael Corrales found?
Rafael Corrales founded Background Capital.
What companies has Rafael Corrales invested in?
Investments tracked here include Amino, Beacon Software, Beeps, Blockchain.com, Openlytics, PopSQL, PostgresML, Red Planet Labs, Reveri, Supergood.
Where did Rafael Corrales go to school?
Rafael Corrales studied at Harvard Business School (M.B.A.); Georgia Institute of Technology (B.S., International Affairs and Modern Languages).

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