Foundation Capital to raise $325 mln

Foundation Capital, an investor in Chegg, Lending Club, Mobile Iron and Sunrun, is seeking to raise $325 million for its eighth venture fund, according to a regulatory filing.

The fund size is greater than the $282 million that the Menlo Park, Calif.-based venture firm raised for its seventh fund, which closed in 2013, but less than fund VI, which closed in 2008 at $750 million, according to data from Thomson Reuters.

Foundation invests in various sectors. Fund VII invested in Beepi, DogVacay, Localytics, Spoonrocket and TalentBin, among others.