Tuesday, February 26, 2008

Foundry Group Closes $225M Venture Capital Fund

Boulder, Colorado-based Foundry Group said Monday evening that the firm has closed a new, $225M early stage venture capital fund. The firm, which is managed by Brad Feld, Seth Levine, Ryan McIntyre, Jason Mendelson, and Chris Wand--all formerly of Mobius Venture Capital--said it has officially launched the venture capital fund. The firm has already invested in Lijit, Memo, Oblong Industries, and Zynga Game Network.