Background Capital

Background Capital is a San Francisco, California based venture capital fund founded in 2018 by Rafael Corrales.

The firm invests in startups as an angel investor in their early-stage including Friends & Family, Seed and Series A. The firm raised $8.75m in the Background Capital Fund 1 and $9.2m in Background Capital Fund 2.

The notable investment portfolio of Background Capital includes Free Agency, HeightHQ, and Red Planet Labs.As of January 2020, Background Capital has made 4 investments and raised 2 funds.