F
Foundation Devices
Fintech · Boston, United States · Founded 2020
Building the open hardware foundation for Bitcoin and the sovereign Internet MoreLess
Foundation Devices is a startup that specializes in creating Bitcoin-centric tools aimed at empowering individuals to reclaim their digital sovereignty. The company operates in the cryptocurrency market, specifically focusing on Bitcoin transactions. Their primary offerings include Passport and Envoy, hardware and software solutions designed to simplify and secure Bitcoin transactions.
The Passport is a hardware device with a user-friendly interface, a large screen, and a physical keypad for quick text entry. It uses QR codes for secure, airgapped Bitcoin transactions, ensuring the safety of users' digital assets. The device is designed with premium materials, including a hardened glass display and a copper-plated zinc unibody enclosure, emphasizing the company's attention to detail and commitment to quality.
Envoy, on the other hand, is a mobile wallet application available for iOS and Android devices. It pairs perfectly with Passport, guiding users through onboarding, security validation, and firmware updates. It also offers a simple Bitcoin software wallet, providing a straightforward and serene user experience.
Foundation Devices makes money by selling these hardware and software solutions to individuals interested in secure and user-friendly Bitcoin transactions. Their target clients are both new Bitcoin users and power users who want to connect Passport with their preferred software wallets.
Keywords: Bitcoin, Digital Sovereignty, Cryptocurrency, Hardware, Software, Passport, Envoy, User-friendly, Secure Transactions, Mobile Wallet.
Company overview
Foundation Devices company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2020
- Headquarters
- Boston, United States
- Employees
- 12
- Open positions
- None listed
- Dealroom signal
- 74.2
Valuation & funding
Foundation Devices funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | May 2026 | $6.4M | $35M | Arche Capital · Fulgur Ventures | ↗ |
| SEED✓Equity / VC | Dec 2022 | $7M | $28M | Bolt · Unpopular Ventures · Warburg Serres Investments · Lightning Ventures | ↗ |
| SEED✓Equity / VC | Jul 2022 | — | — | Unpopular Ventures | — |
| SEED✓Equity / VC | Jun 2021 | $2.5M | $10M | Undisclosed | — |
| SEED✓Equity / VC | Jun 2021 | $2M | $8M | Bolt | — |
| SEED✓Equity / VC | Sep 2020 | Balaji Srinivasan | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 12 |
| 2025 | 11 |
| 2024 | 12 |
| 2023 | 13 |
| 2022 | 8 |
| 2021 | 8 |
Growth signals
Foundation Devices website traffic
Latest recorded traffic for Foundation Devices is 23K monthly website visits, up 35.3% over the last three months. Foundation Devices's team grew 9.1% over the past year.
Comparisons
Foundation Devices compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Talent graph
Foundation Devices's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Foundation Devices has talent and traffic
team presence
In the news
Latest news about Foundation Devices
Recent press, funding announcements, and product moves mentioning Foundation Devices — open to read from the original sources.
Market sentiment
What the market is saying about Foundation Devices
An AI-synthesized read of the highest-engagement posts about Foundation Devices on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Foundation Devices’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.