Foundry Group Ventures Into Gist
Boulder-based venture capital firm Foundry Group is venturing into a Seattle company, Gist, incubated by Paul Allen's Vulcan Capital. According to Gist, Foundry led a $6.75M Series A venture round in the firm, which develops software which connects web information with email programs like Microsoft Outlook and Google Gmail. Foundry's Brad Feld said in a statement that Gist "combines two of our core investment themes -- the implicit web and email." Gist said the new investment will go to product development and to expand operations.
posted on Tuesday, May 5, 2009
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