Thursday, March 15, 2012

Foundry Might See Liquidity With New Zynga Offering

Boulder-based Foundry Ventures might be seeing some liquidity from its recent exit success at social gaming maker Zynga, after Zynga said this week that a number of its existing investors are seeking to offload shares in a $400M, secondary offering. Zynga filed an S-1 for the secondary offering yesterday, saying that a number of its investors are looking to sell as much as $400M on the markets. Zynga will not be gaining any proceeds from the sale, which comes roughly three months after its IPO. Foundry is one of the major investors in Zynga, along with Kleiner Perkins Caufield & Byers, IVP, Union Square Ventures, and Avalon Ventures.