FOUNDRY GROUP, LLC
FOUNDRY GROUP, LLC is a Pre-seed, Seed, Series A and Series C+ fund in the US and Canada writing $250K–$20M checks into software, internet and information-technology.
- Stages
- Pre-seed, Seed, Series A, Series C+
- Sectors
- software, internet, information-technology
- Check size
- $250K–$20M
- Invests in
- US-wide, Canada
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2007
- Assets under management
- $3.5B
- Website
- foundry.vc
Thesis
Foundry Group is a venture capital firm founded in 2007, based in Boulder, Colorado, with a focus on early-stage technology investments. Despite plans to gradually wind down, they remain active. Their investment strategy is thematic, targeting broad, horizontal themes with long-term innovation potential over 5-10 years, primarily in software, internet, and information technology, while avoiding sectors like pharmaceuticals, medical devices, semiconductors, real estate, retail, and biotech. They invest in Pre-Seed, Seed, and Series A rounds, as well as select early-growth rounds for companies with established product/market fit and significant sales (around $8M ARR, >50% growth). Foundry Group also invests in other venture firms, supporting emerging managers. Their geographic focus is North America, with an emphasis on Boulder and Denver, but also including Canada and the US. They typically act as lead investors. Their eighth fund (2024) was $500M, and a previous fund (2018) was $750M. The FG Next strategy targets $1M-$10M for emerging managers and $5M-$10M for primary positions. The firm has approximately $3.5 billion in AUM. Typical check sizes are $250K-$500K for seed investments and $5M-$20M for growth rounds, with average valuations under $150M. The firm operates as a venture capital manager and is a Registered Investment Adviser (RIA).
Common questions
Does FOUNDRY GROUP, LLC invest at the Pre-seed stage?
Yes. FOUNDRY GROUP, LLC lists Pre-seed, Seed, Series A and Series C+ among the stages it invests in.
What check size does FOUNDRY GROUP, LLC write?
FOUNDRY GROUP, LLC writes $250K–$20M checks.
Where does FOUNDRY GROUP, LLC invest?
FOUNDRY GROUP, LLC invests in the US and Canada.