Investor profile
Foundry Group
VC
See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
Foundry Group is a network-driven venture capital firm founded in 2007 and based in Boulder, Colorado, managing more than $3 billion across its funds. The firm invests in early-stage technology companies and early-stage venture funds throughout the U.S. and Canada, deploying approximately 75% of capital directly into companies and 25% into partner funds. This dual strategy creates a 'symbiotic network that propels innovation,' giving Foundry structural deal-flow advantages through its 40+ partner fund relationships. Foundry operates with a 'give first' ethos — prioritizing long-term thinking, reciprocity, and trust over transactional relationships. The firm uses thematic lenses to identify investments where it can be an additive partner, believing that important companies can be built anywhere. Foundry 2022, a $500 million fund announced in 2023, is described as the firm's final fund, reflecting the partners' intentional decision to build a limited-life partnership rather than a generational firm.
Notable quotes
“We operate with a 'give first' ethos. We aim to be open, conscientious, and steadfast. We care about the people with whom we work. We build community across our network, taking great pride in seeing the leaders in our portfolio help one another.”
“We've had a great partnership with True through investments like Fitbit, Stocktwits, 3D Robotics, Urban Airship, LittleBits, MakerBot, Pioneer Square Labs, SonicSensory, and Glowforge. We can always count on the True team to do the right thing by founders and co-investors.”
“We patiently invested the 2018 fund over four years, as we had committed to our LPs when we raised it, rather than accelerating our pace and raising multiple funds of two, or even one-year durations. We continue to value time diversification, especially as we've seen the market shift over the past 18 months.”
Team
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| WHOOP | Series G | — | 2026-03-31 |
| Gravity (Boulder) | Seed | — | 2026-04-15 |
| JumpCloud | Series F | — | — |
| Fitbit | Series A | — | — |
| SeatGeek | Series E | — | — |
| AvidXchange | Series F | — | — |
| Formlabs | Series D | — | — |
| Pantheon | Series D | — | — |
| SendGrid | Series C | — | — |
| Infleqtion (ColdQuanta) | Series B | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| True Ventures | 9 |
| Techstars | 8 |
| Union Square Ventures | 6 |
| Spark Capital | 5 |
| Battery Ventures | 4 |
| Costanoa Ventures | 4 |
Fit check
Is Foundry Group a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit