About Foundersuite

Foundersuite is a cloud-based solution designed to help investment bankers, startups, entrepreneurs, incubators and growth companies manage processes for the entire fundraising lifecycle. Key features include team assignments, relationship tracking, performance metrics and fund management.

Current and prospective investors can generate reports using Foundersuite for internal/external recipients and set database access preference to public or private for ensuring data security. The solution allows enterprises to send notifications, host pitch decks online, track report views and monitor engagement between investors and stakeholders. Additionally, the centralized platform stores all Facebook, LinkedIn and other social connections of investors, w...


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Supported Operating System(s):

Web browser (OS agnostic)

101 Reviews of Foundersuite

Average User Ratings

Overall

4.67 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(74)

74

4 stars

(21)

21

3 stars

(6)

6

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 101 results

December 2017

User Profile Picture

Adam from dineoutwith.us

Verified Reviewer

Time Used: Less than 6 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

December 2017

The best thing I've ever seen for raising capital for a start-up

A huge time-saver. The best fundraising-management platform I've ever seen.

Pros

I started using Foundersuite a couple of months ago to manage my fundraising campaign for dineoutwith.us, and it has been a huge labor-saver for what is always a difficult and time-consuming process. The platform is very well thought-out, has all of the major features an entrepreneur would want to manage that first, all-important, do-it-yourself campaign, and is easily customizable. I've also been very impressed with how responsive their team has been, and in particular to adding a couple of new features that I thought were really important (one example: they recently upgraded their custom field feature so that you can create it for a single investor lead and have it be applied to all other investors. This is so much easier than the kinds of global configuration changes that other CRM systems I've used have required). I can't really say enough about how great they've been in engaging on features suggestions. Nathan has really welcomed suggestions and been open and honest about limitations - a rare thing these days, when most SaaS vendors are more interested in diverting legitimate suggestions, or telling you why they're really not important and you should want them - and whether they'd be addressed. I also really like the Kanban board / drag and drop interface that lets you move things around to different stages. Lastly, I can't say enough

Cons

It's clearly a quickly-evolving product, and there are a few features that they haven't gotten to yet. One is that although the system integrates with gmail, there is as of yet no ability to send emails through the system itself (as you can with systems like Insightly and HubSpot). In this same realm, when you add a new contact to Foundersuite it adds to the contact record a history of ALL emails with that person, including ones on which they were cc'd. I'd much rather be able to select which emails are added. (You can delete ones that you don't want, but that's a pretty time-consuming process that would be better handled upfront. Another way to do it would be to be to set date range parameters for emails so that the entire history wasn't there.)

November 2020

Bob from Startup Haven Fund

Company Size: 2-10 employees

Industry: Venture Capital & Private Equity

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

November 2020

Fundraising CRM

I think you know if you picked the right tool if you just never wonder whether there's something better. I have never wondered.

Pros

Foundersuite is simple, there's virtually zero setup/configuration, everything is tuned to fundraising... and it just works. I've raised capital for 5 startups (and now for a venture fund) and I have used everything from a spreadsheet to enterprise-class CRMs to manage the fundraising process. They were all a kludge. Honestly, I regret that I didn't try Foundersuite on a previous startup. One subtle, be very helpful, feature that I really appreciate is the burn-down activity tracker. I can, at a glance, see who I need to follow up with. The live support chat has been impressive.

Cons

I would like to see a more-flexible implementation of the investor (i.e., LP) update tool.

Reasons for Choosing Foundersuite

Foundersuite promised to be a purpose-build CRM that was adapted to my purpose, i.e., fundraising. I started with the trial account and it became clear that it was the right tool.

Response from Foundersuite

Replied November 2020

Bob thank you for the review! Glad to see our platform is serving the needs of venture capital firms. Best wishes for your fund.

December 2017

Anonymous

Verified Reviewer

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

3.0

Value for money

2.0

Customer support

4.0

Functionality

2.0

December 2017

Useful but kinda clunky and overpriced for an early stage startup

Pros

The investor reports are nice and easy to assemble...I need more characters but there isn't enough great things to say lol

Cons

Kan ban is a GREAT concept but shows less-important important info on the cards. No way to customize. And editing investor details is a pain. Haven't seen updates in awhile (reports could use some more functionality to make them great).

Response from Foundersuite

Replied December 2017

Thanks for the review. I'd like to invite the reviewer back to take another test drive... after a lull in the earlier part of 2017, we've been adding a TON of new features... ability to add VC Firms, ability to add custom fields on the investor cards, improved CSV import, etc. As for the investor Updater tool, we are just about to launch new KPI Table (in code review) plus a tool to automatically send reports (plus track the amount of time investors spent reading your reports). Lots of good things in the works -- come back and check out what's new :)

December 2017

User Profile Picture

Steve from Swurv

Verified Reviewer

Industry: Internet

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

December 2017

Think of Foundersuite as an essential starter kit for any early stage pre-VC startup

This software makes the fundraising process so much more efficient and effective. I'm familiar with the kanban model in the context of both sales and product management - So it's a no-brainer that it would also work in the context of fundraising. Because Foundersuite focuses on the fundraising process and was designed for entrepreneurs like myself, it's like a one-stop shop for all my needs as an early-stage startup. I can keep track of all my leads and prospects in one place, and the seamless integration with LinkedIn and AngelList means I don't have to switch back-and-forth between applications and manage all of my contacts in a decentralized way. The additional startup documents and resources that Foundersuite provides means I have everything I need to eventually raise an institutional round of funding.

Pros

The software is full of really helpful content and features. What's better is that it's very intuitive and easy to use. The kanban board concept works really well with fundraising, and I like that they've expanded their investor list beyond just AngelList. Finally, the customer support and his team is top-notch! Any time I have a question about anything related to Foundersuite or fundraising in general, he was always quick to respond with valuable insights. As a Foundersuite customer, I feel like I'm getting the services of a great advisor on top of the software itself!

Cons

If only the software could actually raise my next round for me... maybe if the A.I. continues to evolve :)

April 2021

Donald from Truth Alone LLC

Company Size: 2-10 employees

Industry: Apparel & Fashion

Time Used: Less than 12 months

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

April 2021

Really Liking Foundersuite

Raising capital is a full time job, and the learning is constant. Foundersuite enables me a great deal of flexibility and data manageability to keep it all organized and rolling forward.

Pros

I have been on Foundersuite for almost 12 months. To start, I found its VC Database was very comprehensive, I added and qualified more than 50 additional VC's to top off my funnel. I'm at the point where it's a hustle, getting pitch letters out. With more than 150 VC's in my funnel, having a quick tool to sort and filter activity has been super helpful in running a strong and organized campaign. (I find taking notes to be especially helpful in keeping all the important information respective to each VC visible, saving me lots of time in having to reread websites.

Cons

It's not always intuitive, and [SENSITIVE CONTENT HIDDEN] is always there to help field questions.