Deals

Foundry Group raises $225M for more early-stage investments

The Foundry Group just revealed that it has raised a $225 second fund — supposedly the same size as the firm’s first fund.

In the announcement, the firm’s partners say, “We will continue to do exactly what we have always done: invest in seed and early-stage investment opportunities in the software and IT space that are located across the United States.”

Even though the Foundry Group is based in Boulder, Colo., it says it bases its investments on specific “themes”, regardless of where the companies are located in the US. Those themes are: human computer interaction, implicit Web, email, glue (i.e., services connecting Web services and content companies), and digital life.

Current portfolio companies include ad optimization startup AdMeld; Gist, which adds social data to email; location platform SimpleGeo; and social gaming giant Zynga. The firm’s partners include Brad Feld (who’s also co-founder of the TechStars incubator), Seth Levine, Ryan McIntyre, and Jason Mendelson.