Background Capital
San Francisco, Californiabackground.vc
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
15
Website
background.vcInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| GitLaw | Nov 2025 | Pre Seed | Co-investor |
| Parallel | Oct 2025 | Seed | Co-investor |
| Parallel | Oct 2025 | Seed | Co-investor |
| AudioShake | Oct 2025 | Series A | Co-investor |
| Tempest | Nov 2024 | Seed | Co-investor |
Key People
Rafael Corrales
Founder
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
