General Info
Rafael Corrales serves as the Founder of Background Capital, investing in early stage startups with a focus on becoming fundamental businesses. He has a track record as an early advisor to Instacart, a first round angel to Blockchain, Webflow, Clearbit, and Luxe. Rafael has been a founding investor at Vercel and the founding CEO of LearnBoost, acquired by WordPress. He is backed by top founders and executives and takes the same dilution alongside the teams he backs, aligning his interests with the founders. Rafael’s collaboration style involves supporting the next wave of great founders through early stage investments.
Location: Cambridge, MA
Country: VEN
Industries:
Investment Regions:
Investment Stages: pre-seed, seed
angel-individual
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🤖 AI Activity Report
Status: very-active
AI Reasoning: Search found Rafael Corrales as founder of Background Capital and portfolio mentions including Openlytics (Pre Seed Apr 2021) and ongoing activity via Background Capital fund announcements through 2023; however, traces show ongoing investments or fund activity into 2025 (Background Capital profile and Tracxn listing dated Jul 17, 2025). The most recent identified investment/activity traces are within the last 6 months, indicating very active status.
Angel activity thresholds:
Low Activity – Only known angel investments more than 12 months ago.
Active – Known angel investments between the last 12 and 6 months.
Very Active – Known angel investments in the last 6 months.
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