# Foundry Group: portfolio, investments and team

> Foundry Group is a vc firm based in United States. 352 investments on record, 6 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/foundry (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Foundry Group

Last cheque observed Oct 2026; 352 cheques on record.

Email

Deploying now New fund $86M, Jun 2026 VC firm

Pre-seed Seed Series A AI & Machine Learning Advertising (AdTech) Apps

Follow Foundry Group and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffoundry)

Deploying now

**40%** of best year **6** **cheques in 12 months**, 352 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **64 of 352** Sole investor **53 rounds** Exits **20 from the portfolio** Mostly in **United States, 98%**

Pitch Foundry Group

## Foundry Group highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Series A and Series B: 61% of its rounds
- 03 Sole investor in 53 rounds, median $5.0M
- 04 20 exits from the portfolio

## What they do

> Filed 2 private fund offerings with the SEC, the most recent in 2018-06 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** AI & Machine Learning Advertising (AdTech) Apps
- **Based in:** Boulder, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **352 appearances**

- **2026** 5 rounds
- **Oct** **[Midstream Health](https://millionrounds.com/company/midstream-health)** Series A · US · The SaaS News **$20M** With 3 others
- **May** **[Xometry](https://millionrounds.com/company/xometry)** US **$225M** With 1 other
- **Apr** **[Gravity](https://millionrounds.com/company/gravity)** Seed · US **$7.0M** With 4 others
- **Mar** **[Whoop](https://millionrounds.com/company/whoop)** Growth · US · Crunchbase News **$575M** With 24 others
- **Feb** **[mpathic](https://millionrounds.com/company/mpathic)** Series A · US · Foundry Group **$15M** *Led*
- **2025** 14 rounds
- **Dec** **[SuperCircle](https://millionrounds.com/company/supercircle)** Series A · US · Ventureburn **$24M** *Led*
- **Oct** **[Authentic8](https://millionrounds.com/company/authentic8)** Debt · US **$12M** Sole investor
- **Jul** **[FlexPoint](https://millionrounds.com/company/flexpoint)** Series A · US · Foundry Group **Undisclosed** *Led*
- **Jul** **[RealWear](https://millionrounds.com/company/realwear)** Venture · US **$650K** With 2 others
- **Jun** **[Xometry](https://millionrounds.com/company/xometry)** Debt · US **$250M** With 2 others
- **May** **[FlexPoint](https://millionrounds.com/company/flexpoint)** Series A · US · TechStartups **$12M** *Led*
- **May** **[Landing](https://millionrounds.com/company/landing)** Debt · US **$180M** With 4 others
- **May** **[Molekule](https://millionrounds.com/company/molekule)** Venture · US **$6.6M** With 4 others
- **May** **[StackHawk](https://millionrounds.com/company/stackhawk)** Series B · US **$12M** With 4 others
- **Apr** **[Ferrum Health](https://millionrounds.com/company/ferrum-health)** Venture · US **Undisclosed** With 3 others
- **Apr** **[Tracera](https://millionrounds.com/company/tracera)** Series A · US **$12M** With 2 others
- **Apr** **[Jones](https://millionrounds.com/company/jones)** Series A · US **$10M** With 4 others
- **Feb** **[SingleFile Technologies](https://millionrounds.com/company/singlefile-technologies)** Series A · US **$9.1M** With 1 other
- **Jan** **[Butlr](https://millionrounds.com/company/butlr)** Venture · US **$7.0M** With 4 others
- **2024** 7 rounds
- **Dec** **[Sofar Ocean](https://millionrounds.com/company/sofar-ocean)** Venture · US **$22M** With 3 others
- **Sept** **[Ferrum Health](https://millionrounds.com/company/ferrum-health)** Series A · US · Foundry Group **$16M** *Led*
- **Aug** **[8base](https://millionrounds.com/company/8base)** Venture · US **Undisclosed** With 2 others
- **Jul** **[Gigpro](https://millionrounds.com/company/gigpro)** Series A · US · Foundry Group **$16M** *Led*
- **Jul** **[Bolster](https://millionrounds.com/company/bolster)** Venture · US **$8.2M** With 4 others
- **Jun** **[Regard](https://millionrounds.com/company/regard)** Series B · US **$61M** With 3 others
- **Jan** **[The Pro's Closet](https://millionrounds.com/company/the-pro-s-closet)** Venture · US **$20M** With 2 others
- **2023** 10 rounds
- **Dec** **[HitchPin](https://millionrounds.com/company/hitchpin)** Venture · US **$5.6M** Sole investor
- **Oct** **[Vendasta](https://millionrounds.com/company/vendasta)** CA · Foundry Group **$15M** *Led*
- **Sept** **[Deduce](https://millionrounds.com/company/deduce)** Series B · US **$9.0M** With 4 others
- **Sept** **[Optimize Health](https://millionrounds.com/company/optimize-health)** Series B · US **$18M** With 3 others
- **Sept** **[Mapbox](https://millionrounds.com/company/mapbox)** Series E · US **$280M** With 4 others
- **Aug** **[MacroFab](https://millionrounds.com/company/macrofab)** Venture · US **$20M** With 4 others
- **Jul** **[Running Tide](https://millionrounds.com/company/running-tide)** Grant · US **$250K** With 4 others
- **May** **[Glowforge](https://millionrounds.com/company/glowforge)** Series E · US **$20M** With 2 others
- **Jan** **[MacroFab](https://millionrounds.com/company/macrofab)** Series C · US · Foundry Group **Undisclosed** With 2 others
- **Jan** **[Loop](https://millionrounds.com/company/loop)** US **$10M** With 2 others
- **2022** 16 rounds
- **Dec** **[Blocknative](https://millionrounds.com/company/blocknative)** Series A · US **$15M** With 5 others
- **Dec** **[Two Bit Circus](https://millionrounds.com/company/two-bit-circus)** Venture · US **$945K** With 2 others
- **Nov** **[Parallel Domain](https://millionrounds.com/company/parallel-domain)** Series B · US **$30M** With 3 others
- **Nov** **[Elevate Security](https://millionrounds.com/company/elevate-security)** Venture · US **Undisclosed** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

AM **Austin Maddux** Vice President of Manager of General Partner i Filing they signed

BA **Brad A. Feld** A Managing Director of the General Partner i Filing they signed

BA **Bradley Andrew Feld** A Managing Director of the General Partner i Filing they signed

CM **Chris Moody** A Managing Director of the General Partner i Filing they signed

JS **James Sperans** A Managing Director of the General Partner i Filing they signed

JA **Jason A. Mendelson** A Managing Director of the General Partner i Filing they signed

JM **Jason Marc Lynch** Chief Compliance Officer, Chief Legal Officer (Foundry Group LLC) i Form ADV

LL **Lena Louise Giacomini** Chief Financial Officer (Foundry Group LLC) i Form ADV

LJ **Lindel J. Eakman** A Managing Director of the General Partner i Filing they signed

RA **Ryan Andrew Mcintyre** A Managing Director of the General Partner i Filing they signed

SJ **Seth Jason Levine** A Managing Director of the General Partner i Filing they signed

We also hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$3.5B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Foundry Group, LLC
- **SEC number:** CRD 159541

Funds on its Form ADV

**15** private funds, **$3.4B** in gross assets · filed Mar 2024

- Foundry Group Next 2018, L.P. *Venture* 63 investors $779M
- Foundry Group Next, L.P. *Venture* 39 investors $769M
- Foundry 2022, L.P. *Venture* 45 investors $515M
- Foundry Venture Capital 2010, L.P. *Venture* 28 investors $370M
- Foundry Venture Capital 2013, L.P. *Venture* 16 investors $318M
- Foundry Group Select Fund, L.P. *Venture* 22 investors $201M
- Foundry Venture Capital 2016, L.P. *Venture* 28 investors $167M
- Foundry Group Next 2018 Partner Fund, L.P. *Venture* 2 investors $144M
- Foundry Venture Capital 2010 Annex, L.P. *Venture* 24 investors $52M
- FGSF TS SPV, L.P. *Venture* 7 investors $36M

And 5 more on the filing.

Funds they back

## 1 fund commitment on record

- **Managers:** 1

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Starting Line 1 fund](https://millionrounds.com/fund/starting-line)

Most recent commitments

- [Starting Line Fund II](https://millionrounds.com/fund/starting-line)

## Exits from the portfolio

Companies it backed that were later bought or listed **20 in all**

**[Fitbit](https://millionrounds.com/company/fitbit)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jan 2021

**[Next Big Sound](https://millionrounds.com/company/next-big-sound)** Bought by Pandora Media **Undisclosed** May 2015

**[Triggit](https://millionrounds.com/company/triggit)** Bought by Gravity4 **Undisclosed** Mar 2015

**[LinkSmart, Inc.](https://millionrounds.com/company/linksmart-inc)** Bought by VigLink **Undisclosed** Nov 2014

**[isocket](https://millionrounds.com/company/isocket)** Bought by Rubicon Project **Undisclosed** Nov 2014

**[Revolv](https://millionrounds.com/company/revolv)** Bought by Nest Labs **Undisclosed** Oct 2014

**[Gnip](https://millionrounds.com/company/gnip)** Bought by [Twitter](https://millionrounds.com/fund/twitter) **$134M** Aug 2014

**[Sifteo](https://millionrounds.com/company/sifteo)** Bought by 3D Robotics **Undisclosed** Jul 2014

**[awe.sm](https://millionrounds.com/company/awe-sm)** Bought by Unified **Undisclosed** May 2014

**[Topspin Media](https://millionrounds.com/company/topspin-media)** Bought by Beats Music **Undisclosed** Mar 2014

**[Attachments.me](https://millionrounds.com/company/attachments-me)** Bought by Yesware **Undisclosed** Nov 2013

**[SideTour](https://millionrounds.com/company/sidetour)** Bought by [Groupon](https://millionrounds.com/fund/groupon) **Undisclosed** Sept 2013

**[Standing Cloud](https://millionrounds.com/company/standing-cloud)** Bought by AppDirect **$9.0M** Sept 2013

**[Singly](https://millionrounds.com/company/singly)** Bought by Appcelerator **Undisclosed** Aug 2013

**[MakerBot](https://millionrounds.com/company/makerbot)** Bought by Stratasys **$403M** Jun 2013

**[Zynga](https://millionrounds.com/company/zynga)** Listed **Undisclosed** Dec 2011

**[SimpleGeo](https://millionrounds.com/company/simplegeo)** Bought by Urban Airship **Undisclosed** Oct 2011

**[Lijit Networks](https://millionrounds.com/company/lijit-networks)** Bought by Federated Media **Undisclosed** Oct 2011

**[Admeld](https://millionrounds.com/company/admeld)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$400M** Jun 2011

**[Gist](https://millionrounds.com/company/gist)** Bought by [BlackBerry](https://millionrounds.com/fund/cylance) **Undisclosed** Feb 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$86M**

raised in Jun 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$15M** the round, not its cheque Alone, median **$5.0M**

Led 64 of 352 rounds **18%**

- **Sole investor:** 53 rounds
- **Last cheque:** Oct 2026
- **Exits:** 20 from the portfolio

Rounds by stage said on their site

- Series A said *105*
- Series B said *69*
- Seed said *46*
- Venture *40*
- Series C *27*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Techstars](https://millionrounds.com/fund/techstars) 30
- [500 Global](https://millionrounds.com/fund/500-startups) 17
- [True Ventures](https://millionrounds.com/fund/true-ventures) 15
- [True Ventures](https://millionrounds.com/fund/true-ventures-2) 15
- [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) 14
- [David Cohen](https://millionrounds.com/fund/david-cohen) 13

**Pitching Foundry Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Foundry Group. A count of rooms they were both in, not a relationship either has claimed.

[**Techstars** VC firm **30** rounds together](https://millionrounds.com/fund/techstars)[**500 Global** Angel **17** rounds together](https://millionrounds.com/fund/500-startups)[**True Ventures** VC firm **15** rounds together](https://millionrounds.com/fund/true-ventures)[**True Ventures** VC firm **15** rounds together](https://millionrounds.com/fund/true-ventures-2)[**Costanoa Ventures** VC firm **14** rounds together](https://millionrounds.com/fund/costanoa-ventures)[**David Cohen** Angel **13** rounds together](https://millionrounds.com/fund/david-cohen)[**Softtech VC** VC firm **12** rounds together](https://millionrounds.com/fund/softtech-vc)[**Union Square Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/union-square-ventures)[**Freestyle Capital** VC firm **9** rounds together](https://millionrounds.com/fund/freestyle)[**Google Ventures** Corporate VC **9** rounds together](https://millionrounds.com/fund/gv)[**Madrona Venture Group** VC firm **9** rounds together](https://millionrounds.com/fund/madrona)[**SK Ventures** VC firm **9** rounds together](https://millionrounds.com/fund/sk-ventures)

## Recently backed

The latest companies Foundry Group put money into.

[**Midstream Health** $20M · Oct 2026](https://millionrounds.com/company/midstream-health)[**Xometry** $225M · May 2026](https://millionrounds.com/company/xometry)[**Gravity** $7.0M · Apr 2026](https://millionrounds.com/company/gravity)[**Whoop** $575M · Mar 2026](https://millionrounds.com/company/whoop)[**mpathic** $15M · Feb 2026](https://millionrounds.com/company/mpathic)[**SuperCircle** $24M · Dec 2025](https://millionrounds.com/company/supercircle)

## Books by the people here

6 books written by people at Foundry Group: [Brad Feld](https://millionrounds.com/person/brad-feld).

- Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist [Brad Feld](https://millionrounds.com/person/brad-feld) · 2011 4.11 from 17,486 ratings on Goodreads About the book Praise for Venture Deals"My biggest nightmare is taking advantage of an entrepreneur without even realizing it. It happens because VCs are experts in financings and most entrepreneurs are not. Brad and Jason are out to fix that problem with Venture Deals. This book is long… On AmazonListen on Audible[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)
- Do More Faster: Techstars Lessons to Accelerate Your Startup [Brad Feld](https://millionrounds.com/person/brad-feld) · 2010 3.98 from 4,389 ratings on Goodreads About the book Practical advice from some of today's top early stage investors and entrepreneurs TechStars is a mentorship-driven startup accelerator with operations in three U.S. cities. Once a year in each city, it funds about ten Internet startups with a small amount of capital and… On AmazonListen on Audible[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)
- Startup Communities: Building an Entrepreneurial Ecosystem in Your City [Brad Feld](https://millionrounds.com/person/brad-feld) · 2012 4.00 from 1,876 ratings on Goodreads About the book An essential guide to building supportive entrepreneurial communities"Startup communities" are popping up everywhere, from cities like Boulder to Boston and even in countries such as Iceland. These types of entrepreneurial ecosystems are driving innovation and small business… On AmazonListen on Audible[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)
- Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur [Brad Feld](https://millionrounds.com/person/brad-feld) · 2012 4.08 from 918 ratings on Goodreads About the book Real life insights on what it takes to make it in a relationship with an entrepreneur Entrepreneurs are always on the go, looking for the next "startup" challenge. And while they lead very intensely rewarding lives, time is always short and relationships are often long-distant… On AmazonListen on Audible[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)
- Startup boards [Brad Feld](https://millionrounds.com/person/brad-feld) · 2013 On 6 reading lists at Open Library About the book "So how does an entrepreneur manage this beast call the board, which has many heads, and even more opinions? Indeed, dealing with this aspect of a startup can be tricky for anyone. That's why Brad Feld--a Boulder, Colorado-based entrepreneur turned venture capitalist--and seed… On AmazonListen on AudibleOn Open Library[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)
- Burning Entrepreneur: How to Launch, Fund, and Set Your Startup on Fire [Brad Feld](https://millionrounds.com/person/brad-feld) · 2012 3.81 from 116 ratings on Goodreads About the book ABOUT THE BOOK The Burning Man, the storied ritual of self-expression, has evolved into The Burning Entrepreneur, the ultimate self-expression through start-up success. Renowned tech investor and start-up guru Brad Feld lights YOU on fire with this insider's book that will… On AmazonListen on Audible[Author's Podcasts](https://millionrounds.com/person/brad-feld#podcasts)

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list).

As an Amazon Associate we earn from qualifying purchases.

## On podcasts

6 episodes naming Foundry Group in the title, and 4 more that mention it.

- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 26 Mar 2026 · 11 min Investor Stories 468: Selling Too Early, LP Pressure, and Investor Tension, Lessons from Investors at Foundry Group, Centana Growth, and Andreessen Horowitz (Levine, Byunn, Ulevitch) Mentions [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)[Foundry Group](https://millionrounds.com/fund/foundry)[David Ulevitch](https://millionrounds.com/fund/david-ulevitch) *+2* Apple PodcastsShow page
- [VC10X](https://millionrounds.com/podcasts/vc10x) 9 Oct 2022 · 42 min VC10X - "The New Builders" - The True Future of Business with Seth Levine, Managing Director, Foundry Group With [Seth Levine](https://millionrounds.com/person/seth-levine) Mentions [Foundry Group](https://millionrounds.com/fund/foundry) Apple PodcastsShow page
- [Origins: Inside Venture Capital](https://millionrounds.com/podcasts/origins-openlp) 9 Jun 2022 · 51 min Sapphire Partners hosts Jaclyn Hester, Foundry Group Mentions [Foundry Group](https://millionrounds.com/fund/foundry)[Perkins Coie](https://millionrounds.com/fund/perkins-coie) Apple PodcastsShow page
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 12 Jan 2021 · 46 min Jaclyn Freeman Hester of Foundry Group on investing in emerging manager funds, venture trends, and mistakes fund managers can avoid when raising - Venture Unlocked Episode 017 Mentions [Foundry Group](https://millionrounds.com/fund/foundry)[Founder Collective](https://millionrounds.com/fund/founder-collective)[IA Ventures](https://millionrounds.com/fund/ia-ventures) *+6* Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 1 Feb 2017 · 31 min 20VC: The Fundamentals To Creating A Successful Venture Partnership & The Optimal Investment Decision Making Process with Ryan McIntyre, Co-Founder @ Foundry Group With [Ryan McIntyre](https://millionrounds.com/person/ryan-mcintyre) Mentions [Foundry Group](https://millionrounds.com/fund/foundry)[Mobius Venture Capital](https://millionrounds.com/fund/mobius-venture-capital) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 30 Jan 2017 · 25 min 20VC: How 50% Of VCs Hurt Entrepreneurs, How To Build A Relationship Of Trust With Your VC and How Entrepreneurs Can Detect VC BS with Jason Mendelson, Co-Founder @ Foundry Group With [Jason Mendelson](https://millionrounds.com/person/jason-mendelson) Mentions [Foundry Group](https://millionrounds.com/fund/foundry)[Mobius Venture Capital](https://millionrounds.com/fund/mobius-venture-capital)[Brad Feld](https://millionrounds.com/person/brad-feld) Apple PodcastsShow page

### Mentioned in

- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 17 May 2024 · 50 min Encore: Brad Feld on What Nietzsche Can Teach Entrepreneurs Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 3 Mar 2023 · 51 min 20VC: Will LPs Pull Out of Existing Managers, How Will Fund Sizes Change Moving Forward, Is Now The Time to be Aggressive on Secondaries, What is the Discount on Secondaries Today, Who Will Win and Lose in the Next Five Years with Hunter Somerville, Partn Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 21 Nov 2022 · 42 min 360. Stories, Advice, and Leveraging 35 Years of Startup Board Experience (Brad Feld) Apple PodcastsShow page
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 11 Jun 2022 · 36 min Talking Startup Boards in a Downturn with Brad Feld Apple Podcasts

## Quick answers about Foundry Group

### What does Foundry Group invest in?

Foundry Group invests most often at Series A and Series B (61% of the rounds on record), in sectors such as AI & Machine Learning, Advertising (AdTech) and Apps.

### How active is Foundry Group?

352 investments on record, 6 of them in the last 12 months, and it led 64. The most recent was in Oct 2026.

### What has Foundry Group invested in recently?

Its most recent investments on record: Midstream Health (Series A, Oct 2026), Xometry (Undisclosed round, May 2026) and Gravity (Seed, Apr 2026).

### How big are Foundry Group's cheques?

The median round it joins is $15M.

### Does Foundry Group lead rounds?

Yes: it led 64 of its 352 investments on record (18%).

### Where does Foundry Group invest?

Most of the companies it backs are in the United States (98%).

### Is Foundry Group investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Foundry Group invest alongside?

Most often Techstars (30 rounds together), 500 Global (17 rounds together) and True Ventures (15 rounds together).

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