10-05-2010

Foundry Group Version 2.0

by Foundry

We are very happy to announce today the closing of our second fund, Foundry Venture Capital 2010, L.P. The fund is the same size as our last one: $225,000,000 in limited partner commitments. We are pleased to be working with a great group of investors.

We will continue to do exactly what we have always done: invest in seed and early-stage investment opportunities in the software and IT space that are located across the United States. We’ll also continue to pursue a strategy of Thematic Investing that has served us well over our investing careers.

We very much look forward to working with another group of great entrepreneurs and portfolio companies.

– Jason, Ryan, Seth and Brad