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.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more