Foundry Group Announces Its Newest Fund – Foundry Group Select

Today, we are excited to announce the closing of our fourth fund, Foundry Group Select. While it is exactly the same size ($225 million) as our previous funds, it has a different focus.

The Foundry Group Select Fund will invest solely in our Foundry Group and previous funds’ portfolio companies that have achieved significant success.

With Foundry Group Select, we’ll be able to invest up to $25 million in these companies’ late stage growth rounds. Up until this point, we’ve been limited in the amount we can invest in these rounds due to our early-stage strategy.

We’d like to thank our limited partners for their continued support and the great entrepreneurs we support for the opportunities to work with them.

  • Natty Zola

    Congrats!

  • Linds Panther

    Bam!

  • http://www.pointsandfigures.com/ pointsnfigures

    Congrats. Going upmarket with Select, and down market with the new Foundry Syndicate. Like the strategy.

  • Ryan Casey

    Congrats Guys! Can’t wait to see the new investments with this fund.

  • http://moz.com/rand Rand Fishkin

    This is great news. Congrats Foundry team and thanks for believing in teams like ours :-)

  • Todd Vernon

    Sweet. You guys are machines ! Congrats

  • http://www.startupmanagement.org/ William Mougayar

    Great news. Congratulations on the tank fill-up. 225 seems to be that magic number for you.

    • http://www.feld.com bfeld

      Thx. Yup – we decided after we raised our first fund that every fund we did would be the same size going forward.

  • Chris J Snook

    Nice work. You guys inspire us all to get better each day and do more!

  • Eric Marcoullier

    Nicely done.

  • http://www.valideval.com/ Adam Rentschler

    Nice to have dry powder explicitly for your good-looking bets. I like the transparency of your strategy. Well played.

  • InnovatioNews

    Well done! This should help close the gap and get things moving!

  • Eduardo Teixeira

    Fucking awesome!!!
    Most VC fund-model “obbligate” investors to sell their invested companies shares after a few years… When you face that finding great projects that actually grow and increase its value is the toughest part of the VC job, this is totally insane!!!
    I believe VCs should abandon these strict VC-stages (eg.: we only do Series A) and continue to invest in companies they still believe on their growth.