May 7, 2001 MENLO PARK, CA -- Foundation Capital, a venture capital firm committed to supporting entrepreneurs and their companies, today announced it has closed a $595 million fund, Foundation Capital Fund IV. Participating in the fund are new limited partners Harvard, Yale and University of Texas, as well as all existing limited partners. Foundation Capital will continue to focus on Internet infrastructure, enterprise applications, telecommunications and networking opportunities. The firm's mission with Fund IV is to build on the success of existing investments in innovative young companies such as AirFiber and Vivace Networks, as well as established industry leaders, such as Commerce One and Interwoven.