Background Capital
Overview
Background Capital is a venture capital firm founded by Rafael Corrales in 2018. The firm is based in San Francisco and focuses on investing in early-stage companies, primarily at the Seed stage, in sectors such as software, marketplaces, e-commerce, and enterprise applications. The fund is backed by other founders, executives, and connectors to support the next wave of entrepreneurs. The firm has managed multiple funds, including Background Capital Fund I.
Portfolio Companies
13
Website
background.vcInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Emperia | Jan 2023 | Series A | Co-investor |
| Tempest | Nov 2024 | Seed | Co-investor |
| GitLaw | Nov 2025 | Pre Seed | Co-investor |
| Aalto | Aug 2021 | Series A | Co-investor |
| AudioShake | Oct 2025 | Series A | Co-investor |
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Key People
Rafael Corrales
Founder
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Background Capital based?
Background Capital is headquartered in San Francisco, California, United States.
When was Background Capital founded?
Founding year information for Background Capital is not publicly available.
How many portfolio companies does Background Capital have?
Background Capital has 13 portfolio companies in Caplight's dataset.
What are some companies in Background Capital's portfolio?
Portfolio companies visible on Caplight include Emperia, Tempest, GitLaw, Aalto, AudioShake.
What was Background Capital's most recent investment shown here?
Background Capital's most recent investment in this portfolio sample was in GitLaw in 2025.
What sectors does Background Capital focus on?
Background Capital focuses on Real Estate & PropTech, Healthcare & Life Sciences, Consumer & Commerce, AI, Data & Cloud Infrastructure, Real Estate & PropTech, Energy & Sustainability, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, Media, Entertainment & Gaming, Enterprise Software, Mobility, Transportation & Logistics, Energy & Sustainability, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Energy & Sustainability, Enterprise Software, Enterprise Software, Consumer & Commerce, Enterprise Software, FinTech, AI, Data & Cloud Infrastructure, Enterprise Software, Consumer & Commerce, Consumer & Commerce.
What company stages does Background Capital focus on?
Background Capital typically invests at the Early stage.