People like stuff. Objects hold deep meaning for us, and they provide us with a vehicle for connecting with others and building community. Manifestations of this that quickly come to mind are classic car clubs and vintage guitar forums on the internet. Many objects that capture people’s imaginations have seen their value buoyed by the […]
We are pleased to announce our recent investment in Recount Media’s Series B financing. We led the round with our partner funds, Union Square Ventures and True Ventures, also participating. Founded in 2019 by journalist John Heilemann and media veteran John Battelle, Recount Media is a leading media platform that produces high-quality content across a […]
It’s no surprise that early-stage boards aren’t as diverse as they could be, but we were surprised to see that today, only ⅓ of companies have independent directors. Today, 85% of directors on Foundry direct portfolio company boards are White, and 57% of our companies currently have open board seats. As such, there is a […]
We are pleased to share Foundry Group’s investment in Starting Line. Founded in 2018 by Ezra Galston, and headquartered in Chicago, Starting Line leads seed-stage rounds for consumer startups building products and services for the 99% economy – companies that leverage technology to be cheaper and better, open up access, and, ultimately, expand markets. We’ve […]
We are pleased to announce our investment in Spekit’s Series A financing alongside our partner funds, Bonfire Ventures and Matchstick Ventures, as well as Renegade Partners, Operator Collective, and others. Spekit is a digital adoption and enablement platform for in-app employee training. Founded in Denver, Colorado, in 2018 by Melanie Fellay and Zari Zahra, Spekit […]
We are thrilled to share the news that Foundry Group has hired its new Head of Network: Rena Ramirez. When we first posted the job description, we were extremely upfront about the fact that it was “hard to put into words exactly what we’re looking for because the right person for this role could come […]
“I love my car insurance company.” Said no one, ever. Today’s car insurance market is broken. Underwriting practices are irrelevant and discriminatory. Customer service and claims-processing are slow. Brands are outdated (and cheesy). The behemoths of the $256 billion auto insurance industry are overlooking major demographic and cultural shifts. Enter, LOOP. LOOP is car insurance […]
A few weeks ago I joined the investment team at Foundry Group, and I wanted introduce myself and share more about why I joined this phenomenal team. I grew up in the San Francisco Bay Area in two fairly different worlds. My dad was an immigrant from India, while my mom spent her childhood bouncing […]
Today, our friends at Matchstick Ventures announced their newest fund, Fund III, and we are thrilled to partner with them again. Ryan Broshar and Natty Zola are long-time friends and collaborators with us (you can read about that here), and we couldn’t be happier to share news about their continuing success. They are serial entrepreneurs […]
We are pleased to announce our recent Series A investment in Mandolin, made alongside our partner fund High Alpha Capital, and co-led by 645 Ventures, with Marc Benioff’s TIME Ventures joining the round as well. Mandolin, based in Indianapolis, Indiana, is revolutionizing the way that musicians connect with their fans by creating unforgettable experiences in […]
