Foundry Group

Founded 2007
Founders Brad Feld Jason Mendelson Ryan McIntyre Seth Levine


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 324
Average round size
The average size of a deal this fund participated in
Portfolio companies 152
Rounds per year 10.86
Lead investments 104
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 58
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Advertising
  • Enterprise Software
  • Internet
  • SaaS
  • Software

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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

The Pro's Closet

Early Stage Venture
40M26 May 2021 United States, Boulder


Mechanical Design
Mechanical Engineering
Quantum Computing
20M12 May 2021 United States, Boulder

Recount Media

Media and Entertainment
Early Stage Venture
18M04 May 2021 United States, New York


Information Technology
Early Stage Venture
10M26 Apr 2021 United States, San Francisco


Customer Service
Document Management
Document Preparation
Information Technology
Early Stage Venture
25M22 Apr 2021 Ireland, Dublin


Big Data
Corporate Training
Enterprise Software
Knowledge Management
Early Stage Venture
12M30 Mar 2021 United States, Denver


Property Development
Real Estate
Rental Property
Early Stage Venture
45M12 Jan 2021 United States, San Francisco


Information Technology
Mobile Apps
Early Stage Venture
10M16 Dec 2020 United States, San Francisco

Parallel Domain

3D Technology
Autonomous Vehicles
Big Data
Computer Vision
Information Technology
Machine Learning
Early Stage Venture
11M09 Dec 2020 United States, Palo Alto
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 it... Read more
HIHello Raises $7.5M in Series A Funding
– HiHello, a Palo Alto CA-based digital business card platform, raised $7.5M in Series A funding. – The round was led by Foundry Group, with participation from Lux Capital, August Capital, Manu Kumar (Co-founder and Chief Executive Officer of HiHello), and the co-founders of Lyft, Everlaw, Auth0, Path/June, and – The company intends to use the funds to continue to grow its team and expand its business platform to support companies of all sizes. Read more


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