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October 25, 2013 08:19 pm GMT
Foundry Grouphas raised a fourth fund, called Foundry Group Select. This new fund is $225 million (the same size as Foundry's previous funds), but has a much different focus.This fund is purely for late-stage growth rounds in Foundry's existing portfolio companies. The firm says it will invest up to $25 million into companies that Foundry has backed through its previous funds. As managing director Brad Feld writes, Foundry has been limited in the amount it can invest in later stage rounds due to the firm's early-stage strategy.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Llwj2YUJvRQ/
Foundry Group Raises Fourth $225M Fund To Make Late-Stage Growth Investments In The Firm's Portfolio Companies
Foundry Grouphas raised a fourth fund, called Foundry Group Select. This new fund is $225 million (the same size as Foundry's previous funds), but has a much different focus.This fund is purely for late-stage growth rounds in Foundry's existing portfolio companies. The firm says it will invest up to $25 million into companies that Foundry has backed through its previous funds. As managing director Brad Feld writes, Foundry has been limited in the amount it can invest in later stage rounds due to the firm's early-stage strategy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Llwj2YUJvRQ/
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