Rafael Corrales

Founder & Managing Partner atBackground CapitalMADISON

Rafael Corrales is a founder and managing partner at Background Capital. He has worked with Instacart since 2012.

What Rafael can write

Writes checks of$100K to $500K
Comes in atPre-seed, Seed, Series AMostly follows a lead
Best routeA short note on LinkedInA warm intro from a founder they backed works better.

Background Capital writes $100K to $500K checks, larger than 5% of firms in the atlas.

Bars: how many firms report each check band. Highlighted: Background Capital.

Career

  1. Background Capital · Founder & Managing Partner
    Now
  2. BACKGROUND CAPITAL FUND IV, L.P. · MANAGER OF THE GENERAL PARTNER OF THE ISSUER
    2023-01-31

Companies founded

Background Capital

Investments named in public bios

Instacart

Partners like Rafael

At firms with a similar stage, sector and check size.

Alert me when Background Capital is active

One email when Rafael's firm raises a fund, adds a partner or shows new activity.

Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Questions

Who is Rafael Corrales?

Rafael Corrales is a founder and managing partner at Background Capital. He has worked with Instacart since 2012.

How much does Rafael Corrales invest?

Rafael Corrales invests through Background Capital, which writes checks of $100K to $500K at pre-seed, seed, series a.

How do I pitch Rafael Corrales?

A warm intro from a founder Background Capital backed works best. A short LinkedIn note with one line on traction is the next best route.

What did Rafael Corrales do before Background Capital?

MANAGER OF THE GENERAL PARTNER OF THE ISSUER at BACKGROUND CAPITAL FUND IV, L.P..

Last updated 2026-10-15. Is this you? Ask for a correction.