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Foundry Group

Investor type Venture Capital
Founders Brad Feld Jason Mendelson Ryan McIntyre Seth Levine


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Total investments 289
Average round size
The average size of a deal this fund participated in
Portfolio companies 161
Rounds per year 20.64
Lead investments 99
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 59
Key employees 6
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Advertising
  • Enterprise Software
  • Internet
  • Analytics

In 2006 was created Foundry Group, which is appeared as VC. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Boulder.

The fund is constantly included in 13-24 investment rounds annually. The typical startup value when the investment from Foundry Group is 100-500 millions dollars. The real fund results show that this VC is 32 percentage points more often commits exit comparing to other companies. The top activity for fund was in 2015. Comparing to the other companies, this Foundry Group performs on 12 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 10 - 50 millions dollars. The higher amount of exits for fund were in 2019.

The fund was created by Brad Feld, Jason Mendelson, Ryan McIntyre, Seth Levine. The overall number of key employees were 6.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Foundry Group, startups are often financed by Battery Ventures, Spark Capital, RRE Ventures. The meaningful sponsors for the fund in investment in the same round are SK Ventures, FG Angels, Costanoa Ventures. In the next rounds fund is usually obtained by Intel Capital, Golden Ventures, Battery Ventures.

Among the most successful fund investment fields, there are Software, Enterprise Software. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Zynga, SendGrid, AvidXchange. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Foundry Group:
Typical Co-investors
Foundry Group is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Foundry Group:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sofar Ocean Technologies

Big Data
Information Services
Information Technology
$39M01 Nov 2021 San Francisco, California, United States


Artificial Intelligence
Financial Services
$21M30 Sep 2021 Washington, District of Columbia, United States

Code Climate

Developer Tools
Software Engineering
$50M01 Sep 2021 New York, New York, United States


Credit Cards
$7M30 Jul 2021 Palo Alto, California, United States


Developer APIs
Financial Services
Mobile Payments
$21M21 Jul 2021 Des Moines, Iowa, United States


Digital Entertainment
Digital Media
Information Technology
Music Streaming
$12M30 Jun 2021 Indianapolis, Indiana, United States


Big Data
Cyber Security
Fraud Detection
Predictive Analytics
$10M24 Jun 2021 New York, New York, United States


Enterprise Software
Food and Beverage
Wine And Spirits
$20M23 Jun 2021 Boulder, Colorado, United States

The Pro's Closet

$40M26 May 2021 Boulder, Colorado, United States
Meru Health secures $38M in equity and debt for ‘holistic’ online mental health platform

– Meru Health is a startup that aims to solve a number of the challenges associated with getting access to quality mental health care.
– The company has raised $38m in Series B funding.
Industry Ventures led the $30m equity part.
– Early backers Bold Capital Partners, Foundry Group, Freestyle VC, FMZ Ventures and Leksell Social Ventures also participated in the equity financing, while J.P. Morgan funded the debt portion of the round.

Code Climate Raises $50M in Series C Funding to Propel Its Engineering Intelligence Platform

– Code Climate announced $50M in Series C funding.
– The round was led by PSG and joined by previous investors Union Square Ventures, Foundry Group, Lerer Hippeau Ventures, and NextView Ventures.
– Code Climate’s Engineering Intelligence products are trusted by over 1,000 companies from start-ups to enterprises.
– Code Climate experienced continued strong growth, more than doubled its headcount, and brought on an experienced executive leadership team.
– Funding will help Code Climate advance its product vision, extend its sales reach, and scale customer success – furthering its mission of helping engineering align activities with strategic priorities, deliver high quality software, and improve team performance.


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