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Deja vu for Foundry fundraise as it strikes $225m for third time

17 Sep 2012

US venture firm Foundry Group has sealed a hat-trick of fundraises by closing its latest vehicle on $225m.

LP commitments equal those pledged to its 2007 and 2010 vehicles, which focused on seed and early-stage investments in software and IT.

The fundraising situation was so similar Foundry pointed out it had used the same blog post to announce the news, adding it would continue its policy of thematic investing.

Examples of its current investment themes include human-computer interaction, email and digital life.

The firm’s founders Brad Feld, Seth Levine, Ryan McIntyre and Jason Mendelson were all previously involved with Mobius Venture Capital.

In July Foundry led a $7m Series B financing round for cloud-based contact management company FullContact.

High Country Venture, Nancy Pierce, Walter Winshall, Jove Equity Partners, Bullet Time Ventures, 500 Startups, SK Ventures, Zelkova Ventures also took part in the round.

FullContact said it plans to use the funding to grow the product team and broaden its platform.

As part of the deal, Brad Feld, managing director at Foundry will join the board of the company.

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