Venture Capital Firm with Boulder Office Raises $102 Million Fund and Grows Local Team

Boulder-based Foundry Group Raises $102 Million

Foundry Group, a venture capital firm with an office in Boulder, Colorado, recently announced the closing of its fourth fund, Foundry IV, with $102 million in committed capital. The fund will invest in early-stage technology companies across a variety of sectors, including software, healthcare, and consumer products.

Fund to Invest in Early-Stage Technology Companies

Foundry Group's portfolio includes notable companies such as Eventbrite, Zola, and Cloud Elements. The firm has been investing in early-stage technology companies for over 20 years and has a proven track record of success.

Growth of Boulder Team

In addition to raising a new fund, Foundry Group is also growing its local team in Boulder. The firm recently hired two new associates, Chris Moody and John Wang, who will focus on investing in early-stage technology companies in the region.

Commitment to Boulder Tech Community

Foundry Group's investment in Boulder reflects the firm's commitment to the local tech community. The firm has been an active participant in the Boulder startup ecosystem for many years, and its new fund will provide much-needed capital for early-stage technology companies in the region.

Continued Support for Boulder Startups

"We are excited to continue our support for the Boulder startup community," said Brad Feld, co-founder and managing director of Foundry Group. "Boulder is a vibrant and growing tech hub, and we are confident that our new fund will help to accelerate the growth of the local tech ecosystem."

Conclusion

Foundry Group's new fund and growth of its Boulder team are a positive sign for the local tech community. The firm's investment in Boulder demonstrates its commitment to the region and will provide much-needed capital for early-stage technology companies.