Found Capital Avis 359

The review process and communication with Found Capital was extremely professional and helpful. It was clear they put a lot of thought into reviewing our company. We look forward to staying in touch with Laurence and team.

At Seascape Aquatech, we are developing the first AI-driven, autonomous robotic oyster farming equipment. We were not selected to receive an investment from Found Capital at this time; they provided a thoughtful and detailed analysis of why we didn't meet their investment fund guidelines. Primarily, we were too capital-intensive ($2.5M), and the development time was too long (2 years) to develop an unproven physical robotic technology. They doubted we could transfer the machine vision technology and telemetry we had developed for our existing land-based tractor for use in the water with a boat.

Our revenue forecasts were not strong enough. We only included the use of our technology on our own farm and three others out of 8,000 globally but failed to convey that once the technology works on a 10-acre plot, it can work everywhere. It could be 30, 300, or 3,000 farms.

We are solely focused on developing our physical robotic technology for oysters. Still, the machines can be adapted for clams, mussels, scallops, kelp, and seaweed. We failed to include any of these revenue drivers in our pro forma.

We also failed to point out that our technology has a dual purpose: for its massive oyster production and lower operating costs, the perfect deep cup oysters can be sold for consumption. In contrast, the other, less-than-perfect oysters can be used to regenerate oyster reefs and clean waterways worldwide.

We agree that developing physical AI robotic technology as a pioneer in a new industry is challenging. Still, in 20 years, these machines will be everywhere, growing low-cost oysters, clams, mussels, scallops, kelp, and seaweed for millions of people and cleaning waterways. We want to be the cornerstone of this emerging technology.

Whilst we didn't move forward with the investment, I found the response and process with Found Capital one of the best in the industry. We received prompt feedback twice on our deck and thoughtful comments and understanding on our proposition.

Definitely worth applying if you're looking to raise funding.

One of the few business’ that give good, personalised reply and feedback, the application process is relatively straight forward and despite my application not being successful, I’m really grateful for the time that went into reviewing and feeding back. Thank you.

As others have said, firstly you get a response (unusual be itself) but also constructive feedback when the answer is 'no'. This doesn't have to be (and wasn't) extensive, but is enough to facilitate a focus on what investors are looking for. Very helpful.

They’re very good at giving feedback that genuinely helps your business, they really take the time to support you. It was worth it send the pitch deck!

The experience with Found Capitalsets the absolute standard that every VC, Angel and Syndicate should follow.

In an industry notorious for the black hole of applications, this firm is a breath of fresh air. We know firms receive thousands of pitches, yet their team consistently provides constructive, actionable feedback; even when passing on a deal.

This level of transparency and specific critique is invaluable. It drastically speeds up the founder's learning and iteration cycle, showing genuine respect for the time and effort spent. They truly treat founders as partners, regardless of the investment decision.

A role model for accountability and human communication in capital funds. Highly recommended based on process and professionalism alone. Thanks Laurence!

Great feedback and responsive. Would highly recommend no matter what stage your business is at.

Good communication throughout the process via a couple of channels. They clearly reviewed the proposal in detail and gave it serious consideration before providing detailed feedback.

The feedback was helpful and they were even kind enough to be more explanatory on one of their points raised.

We did not raise funding from Found, but I would happily work with them in the future based on our interaction.

Provided feedback and seemed like nice people!

Applied to Found Capital's syndicate for MusicRX (health tech, seed stage).

While they ultimately passed, the experience was exceptional:

✓ Quick response time (under 2 weeks)
✓ Detailed, specific feedback on our application
✓ Clear reasoning for their decision (stage concerns, not vision)
✓ Genuine encouragement and invitation to stay in touch

Most VCs send generic rejections. Found Capital took the time to explain what impressed them (rapid MVP, strategic partnerships) AND what gave them pause (very early stage, need for more validation). That level of thoughtfulness is rare.

As a founder, I would rather get an honest "no" with useful feedback than a vague "maybe" that wastes months. Found Capital delivers that honesty with professionalism and respect.

Highly recommend applying if you are building something - even if they pass, you will learn something valuable about your business.

Gave quick, clear and constructive feedback. Laurence was professional and friendly.
looking forward to dealing with them again in future.

They didn't invest but gave quick and constructive feedback as well as detailed benchmarking on thier wider portfolio. Very helpful!

In a world where VC's are most likely to accept your funding submission and ghost you without providing any feedback, Laurence at Found took the time to provide personalised, meaningful insights - even though they were not the right fit for us. This was exceptionally helpful as anyone on a fundraising path knows. Great outfit - would 100% recommend.

Worth sending your pitch to these guys and you actually get a response. We haven't got any money, but we did get really useful feedback and a clear explanation why they wouldn't yet invest with us.

Laurence has been great to work with and has been open and honest about his evaluation. We continue to connect and find ways to still work with one another.

Laurence is great and we've had an amazing Portfolio company experience so far. Found Capital joined at our Pre-Seed stage. The process was straight forward, quick and Laurence has been adding a ton of value since then - always offering to help / make introductions

A great, forward-thinking form. They genuinely care about building relationships, their feedback and benchmarking process are really helpful for founders.

As one of our investors in 2025, they have been phenomenal with supporting us and our business. With their varied backgrounds, they've been able to support in multiple ways, from strategy and sales to even introducing us to potential new clients. Very happy to have them working with us!