We Back Entrepreneurs that Transform Big Markets
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Empower Founders,
Transform Industries
Friends & Family Capital is a venture capital firm based in Silicon Valley started by the former CFO of Palantir Colin Anderson and second-generation venture capitalist John Fogelsong.
We believe generational companies require world-class finance functions and operations during critical growth phases.
We are the trusted partner for founders and CFOs, offering deep operational expertise, hands-on support, and strategic advice.
We purpose-built the firm to partner with founders on three key force multipliers of finance: team, operations, and capital.
We focus on missions that advance the efficient frontier of our free society and the institutions that power it.
Technology offers the chance to change the world in a single generation. We look forward to joining you on the journey.
Our Portfolio
Build next generation applications.
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Master your value chains through AI-powered insights into your supplier and customer networks.
Transform defense capabilities with advanced technology.
Direct broadband connectivity from GEO satellites
Protect your data assets across all environments at any organization.
Join the social network.
Streamline and standardize credit.
Coordinate global logistics from factory to customer door in one platform.
Transform how organizations build, operate, and maintain critical infrastructure.
Help growing businesses onboard, pay, insure, and support their teams.
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Move from data to decision faster with real-time financial analytics and planning.
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Northslope builds mission‑specific AI applications on the Palantir operating system.
On premises compute with cloud compute architecture.
Solve your most complex problems at scale with world class software.
Empower public safety agencies to better protect their communities and the privacy of those they serve.
Modular and portable nuclear energy that delivers power to where it's needed.
Shape your financial future.
Launch mass to space economically and reliably.
A defense and government technology company built to solve the longtail of needs.
Secure your enterprise and protect your people in a privacy-centric manner.
The portfolio companies identified and described herein do not represent all of the portfolio companies purchased, sold or recommended for funds advised by Friends & Family Capital. It should not be assumed that an investment in the portfolio companies identified is or was profitable. The information is being shown to reflect the firm's ability to select investments and not to reflect any positive investment experience.
“Colin has been helping entrepreneurs and companies unlock their potential for as long as I can remember. I feel fortunate to have been by his side while we were building Palantir - and throughout our entire lifecycle at Peregrine. Colin and John are the type of people you bring in when you need supreme talent, creativity, and dedication - and the type of people you want to celebrate your wins with. They are building something very special. The Friends & Family Capital team knows what entrepreneurs need. They are thoughtful, pragmatic, and visionary. They have hard-earned experience and a deep desire to help their companies win. We share openly with them because trust runs deep between our teams. I truly believe they’re just getting started.”
Nick Noone
“We are so grateful to have the support of Colin, John, and the entire F&FC team. As the long-time CFO of Palantir, Colin has seen what it takes to build a generational defense and national security company from the ground up. They are experienced capital allocators with second-to-none expertise in implementing novel financial structures. This makes F&FC a perfect partner for Valinor as we bring a new business model to the defense market and drive speed-to-value for our technologies. Having worked closely with Colin as a senior executive at Palantir, I’m thrilled we are on this new journey together and trust F&FC to advise Valinor as we grow exponentially.”
Julie Bush
“Colin and the entire Friends & Family Capital team are dream partners for a founder. They've focused from day one on what is best for our company and what we're building, including when that's not always in their own interest. They're operators first, and you feel that iterating on problems together, from finance, to hiring, to communications, to the long-range planning. We are a very unorthodox startup, and don't fit the conventional pattern-match of traditional VC. Friends & Family Capital has gotten why that makes us special from the beginning and worked to amplify it, not sand our edges. It's a joy to build with them, even on the hardest days.”
Bill Ward
“Over the last 10+ years building Gusto, I can think of countless examples diving into company-building topics with John and Colin, whether it was around our pricing structure, how to build our finance team, managing our cap table, leveraging horizons in our product strategy, and more. They ask great questions, and do the research to learn about your business. There are no shortcuts. They spend the time, and do the right thing when it comes to being a long term partner. I am grateful for all that they have done over the years, and I’m excited to build with them for many years to come.”
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Joshua Reeves
“The entire Friends & Family Capital team has been an amazing partner to Cyera as we’ve grown quickly. Their combination of operator-level insight, straight-shooting advice, and genuine alignment has helped us make better decisions at every stage. They’re true partners.”
Joe Iantosca
“Colin and John invested in us early and continued to increase their support across multiple rounds, demonstrating long-term conviction and true partnership. They iterated with us on fundraising decks and models in the early days, introduced us to many investors (including one who led a major round), and have consistently been flexible, founder-friendly partners who have played a meaningful role in building our business. They are exceptional connectors and trusted advisors. When we need candid, practical guidance, we know to call them - and they always answer.”
Filip Kaliszan
“Colin has been one of our most helpful investors. We are delighted to have him around the table, especially going deep with our finance team as we expand our finance motion at scale.”
Howie Liu
“Colin, John, and the larger Friends & Family Capital team have been some of the most value-added investors that I have ever seen. They punch way above their weight up there with the biggest name firms, and I think that's only possible because of their relationships and experience as operators who know how to get things done.”
John Gedmark
“Investing is based on great relationships. Keep your word. Bring immediate and long-term value. Try to understand each other and make the other person’s life easier. The team at Friends & Family Capital are highly respected because this is their foundation and they built the firm from there. From the first few times meeting John and Colin, this was very apparent. They picked up on real things Radiant needed and converted them quickly. An event turned into CFO references, a site visit turned into a new revenue model, and casual messages turned into an ERP specialist. Then layer on the great connections and opportunities and they have quickly become one of Radiant’s most potent investors. We are grateful to have them on the mission to mass produce nuclear.”
Tori Shivanandan
“Colin and the Friends & Family team are a top-five team in the Valley. Their background as world-class operators gives them both the credibility and insight to shape the most important narratives around financial strategy, traction, and the critical milestones for sustainable growth. Their exclusive portfolio has built a brand recognized by the best investors in the world.
They are a must-have on any top-tier cap table. Period.”
Jake Loosararian
Our Impact
Invested in over 100 companies.
Total jobs created across all portfolio companies.
Aggregate capital raised by portfolio companies following our initial investment.
Increase in market cap of portfolio companies following our initial investment.
Technology offers the chance to change the world in a single generation.
We focus on three key force multipliers of finance:
Team
From your first finance hire to your eventual CFO, and everything in between: controller, FP&A, operations, payroll, tax, treasury, and more. We have built these teams as operators at Palantir and helped portfolio founders to do the same at their companies.
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Operations
From building your first operating models to improving predictability prior to a growth round or IPO. We help finance teams improve workflows, systems, data, and dashboards, the ingredients necessary to support growth at scale.
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Capital
Plan and execute your fundraise. The process starts months before the capital raise with messaging, preparation, models, decks, and data rooms. Helping to select your lead and finalize deal terms follows. We have done this from Seed rounds all the way to Series K and public listing.
Frameworks
for Success
Our frameworks equip founders and CFOs with vital insights. We share this knowledge to bolster operational scaling and fundraising readiness, positioning our network for success.
Revenue Unicorn Playbook
Examination of how top software companies scale to $1 Billion in annual revenue. Offers actionable lessons for growth.
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Earnings Season Summary
Synthesis of key trends from recent public technology quarterly earnings announcements. Delivers concise, impactful analysis for informed decision-making.
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Market Conditions Update
Analysis of venture capital trends for companies with valuations ranging from $1 Billion to $10 Billion. Provides insights for this phase of growth.
Read More
Earnings Season Summary Q3 2025
Key Theme From Q3 2025 Earnings: "Optimism in Search of Acceleration"
Market Conditions Update Q3 2025
The Market Conditions Update features metrics that we track internally on companies raising capital at valuations ranging from $1 Billion to $10 Billion.
Revenue Unicorn Club: Rubrik
Congratulations to Rubrik as it crosses $1 Billion in annual revenue and joins the software Revenue Unicorns! Let's see what we can learn from Rubrik's journey...
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