Announcing Foundry Group Next 2018

We are happy to announce the closing of our seventh fund, Foundry Group Next 2018. The $750 million fund combines all of our prior fund strategies – our early stage, early growth, and partner fund investments – into a single fund. For historical reference, our early-stage funds (FG 2007, FG 2010, FG 2013, and FG […]

Our Investment in High Alpha

Our friends at High Alpha just announced their new High Alpha Studio and High Alpha Capital fund. We are proud to be partnered with them across both efforts. When we make an investment, whether into a company or into a fund, we always start with the people. First and foremost, we have to believe that […]

Our Investment in Wave Capital

We welcome Wave Capital to our Partner Fund portfolio. Based in San Francisco, Wave was launched last year by Sara Adler, Riley Newman, and David Rosenthal. Wave specializes in companies creating marketplaces and invests in companies at their earliest stages, as they build their teams, find product market fit, and work towards their Series A. […]

Xometry Acquires MakeTime

We’re pleased to announce that Foundry Group portfolio company MakeTime has been acquired by Xometry. This acquisition brings together the country’s two top manufacturing network businesses and creates the largest on-demand manufacturing platform in the United States. As part of the transaction, Foundry Group Next led a $25 million round of financing for the newly […]

How can LPs conduct diligence on accusations of sexual harassment?: Start by asking the question.

Over the past year, there have been a number of sexual harassment scandals in tech, especially involving venture capitalists. The power dynamic in our industry has enabled bad actors to harass founders seeking capital and junior employees trying to work their way up in a very competitive and historically male-dominated industry. Some in the industry […]