Background Capital

General contacts

Investor type

Founded

2018

AUM

Location

San Francisco, California, United States

Investment Ticket

$0-1 m

Investment Stage

Seed Series A

Region of investment

North America

Investor profile last updated: 21 August, 2026

Profile

Background Capital is a venture capital firm based in San Francisco, California, founded in 2018 by Rafael Corrales, a former General Partner at CRV. The firm operates as a solo GP fund, leveraging a founder-to-founder network to support early-stage companies. Known for its approachable and supportive investment style, Background Capital focuses on building strong relationships with its portfolio companies.

The firm primarily invests in early-stage ventures, particularly in the fintech sector, with a typical check size ranging from $100K to $250K. Background Capital targets investments in the USA, focusing on Seed and Series A stages. The firm has launched multiple funds, including Fund 1 through Fund 4, though specific AUM details are not disclosed.

Notable investments by Background Capital include companies like Get Parallel - financial software, AudioShake - multimedia and design software, and Lumopath - business productivity software. The firm has a track record of 24 investments and 4 exits, demonstrating its active role in the venture capital landscape.

Industry

Fintech Business Services (B2B) Internet and Web Services Software

Contacts

Name

Title

Social Networks

Rafael Corrales Founder

Founder

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[email protected]

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Investment-team contacts for Background Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Background Capital

Is Background Capital a venture capital or private equity firm?

Background Capital is a venture capital firm. It backs companies at Seed and Series A, writing tickets of $0-1 m.

Where is Background Capital located?

Background Capital is located in San Francisco, California, United States.

When was Background Capital founded?

Background Capital was founded in 2018.

What sectors and industries does Background Capital invest in?

Background Capital invests in companies and startups in Fintech, Business Services (B2B), Internet and Web Services, Software.

What is Background Capital geographical focus of investments?

Background Capital invests in companies and startups in North America.

At what stages of companies and startups does Background Capital typically invest in?

Background Capital invests in companies and startups at Seed, Series A.

What is the usual amount of Background Capital investment?

Background Capital usually invests $0-1 m on average.

What are the contacts of Background Capital?

Background Capital can be reached through its website background.vc and its LinkedIn page. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Background Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Background Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Background Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Background Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.