From Mobius Venture Capital ashes, arises Foundry Group with $160M-plus fund
A new venture firm has emerged from ashes of Mobius Venture Capital, a well-known venture firm in Silicon Valley which struggled after it failed to perform after the Internet bubble burst.
A group led by Brad Feld, who was in the Colorado office of Mobius, and who has written a popular blog for the last several years, had formed a new firm called Foundry Group.
PE Wire reports it has raised $158.75 million from limited partners like Guardian Life, Morgan Stanley, Parish Capital and UTIMCO. It had originally been targeting $175 million, but wants to raise a total of $225 million by next month.
Besides Feld, other partners include Seth Levine, Ryan McIntyre, Jason Mendelson and Chris Wand.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
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http://venturebeat.com/2007/11/19/foundry-group-raises-225m-to-invest-in-early-technology-companies/ Foundry Group raises $225M to invest in early technology companies | VentureBeat
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