F
Foundation Devices
Building the open hardware foundation for Bitcoin and the sovereign Internet
About Foundation Devices
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.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Boston, United States
- Employees
- 12
- Open positions
- None listed
- Dealroom signal
- 74.2/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi
- Sector
- Fintech, Open Source, Bitcoin Ecosystem, Crypto and Web3, Hard Tech, DT and LS
- Technology
- Blockchain, Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b, b2c
Knowledge graph
More headlines
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 | ↗ |
Growth signals
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.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed8 investors entered at this stage
Balaji Srinivasan
Bolt
Unpopular Ventures- WIWarburg Serres Investments
Lightning Ventures
Third Prime Capital
Polychain Capital
Greenfield Capital
Series A2 investors entered at this stage
Fulgur Ventures- ACArche Capital
Other known investors5 additional known investors
Aloniq
Deep Ventures
Inflection VC- JRJoey Rosati
Visary Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Foundation Devices on X, ranked by likes and reposts, corporate channels excluded.
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
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