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News & Press: Colorado Technology Industry

Foundry Group Raises Second Fund

Tuesday, October 05, 2010   (0 Comments)
Posted by: Su Hawk
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(CSIA Note:  NextBigSound will be one of the DEMO companies during the dozen DEMOs at lunchtime at DEMOgala)

From The Denver Business Journal
Tuesday, October 5, 2010, 11:50am MDT | Modified: Tuesday, October 5, 2010, 12:01pm

Foundry Group raises 2nd fund

Boulder-based venture capital firm Foundry Group on Tuesday announced it has raised its second fund, Foundry Venture Capital 2010 LP.

The fund is the same size as its first one, $225 million in limited partner commitments. Foundry Group will continue to invest in seed and early-stage software and IT companies across the United States, principals Jason Mendelson, Ryan McIntyre, Seth Levine and Brad Feld said in a posting on the company’s blog.

Foundry previously has invested in companies including Zynga, Lijit Networks Inc., Next Big Sound, Cloud Engines and Brightleaf.

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