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Background Capital

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

13

Investments

CompanyDateStageLead
GitLawNov 2025Pre SeedCo-investor
ParallelOct 2025SeedCo-investor
AudioShakeOct 2025Series ACo-investor
TempestNov 2024SeedCo-investor
Tempest TherapeuticsNov 2024SeedLead
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Key People

Rafael Corrales

Founder

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
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2025
2026

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FAQ

Firmographic Details

HeadquartersSan Francisco, California
Year FoundedN/A

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