Wednesday, July 1, 2015

Foundry Group Aims At New, $225M Venture Investment Fund

Boulder-based venture capital investor Foundry Group has just started an effort to raise another, $225M venture capital fund, Foundry Venture 2016, according to regulatory documents filed by the investment management firm. The filing indicates that no investors have yet committed to the fund, which is the same size as the firm's last investment fund. The new fund continues to be managed by Brad Feld, Seth Levine, Ryan McIntyre, and Jason Mendelson. Foundry has seen some major exits out of its prior funds, including a significant exit via the IPO of fitness tracking band maker Fitbit last month, which valued Foundry Group's shares at a cool $1.6 billion. Foundry closed its last fund, also at $225, back in 2013.