Foundry
Venture capitalBoulder · Pre-Seed–Series B · 11 people tracked
Also known as Foundry 2022 · Foundry Group, Llc · Foundry Venture Capital 2010 · Foundry Venture Capital 2016
Investment thesis
Direct startup investor and LP with a flat equal-partner team, curated network of like-minded partners, thematic investing around long-lived horizontal themes like glue and protocol, and radical transparency.
Source: firm website, verified Aug 7, 2026.
Team · 11 people
from the firm's website & curated & public directories
What they invest in
from 42 of 130 portfolio companiesAI & Machine Learning ×17Enterprise Software ×16SaaS ×16Data & Infrastructure ×7Fintech ×7Healthtech ×6Cloud Computing ×5Marketing Tech ×5
HQs:United States×31Canada×2
Investments · 130 tracked
founders shown can be your intro pathCharlottesville, US
Adam Raymond Healey(Executive Officer, Director, Promoter)
Board seatJason A. Mendelson· per SEC Form D · $7M raise · filed Nov 2016
Washington, US
John Henry Matos(Executive Officer, Director)Carey Anne Nadeau(Executive Officer, Director)
Board seatJaclyn Freeman Hester· per SEC Form D · $21M raise · filed Oct 2021
San Francisco, US
Rory O'Driscoll(Director)Chris Moody(Director)Zachary Rosen(Executive Officer, Director)Ryan McIntyre(Director)
Board seatRyan McIntyre· per SEC Form D · $28.8M raise · filed Jul 2016
Code Climate provides data, context, and guidance to enterprise software leaders navigating organizational transformation toward AI-native development practices.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareNew York, US
Noah Michael Davis(Executive Officer, Director)Bryan Alan Helmkamp(Executive Officer, Director)Kurt Daniel(Director)
Arlington, US
John F. Frankel(Director)David Cowen(Director)Rami Essaid(Executive Officer, Director)Engin Akyol(Executive Officer, Director)Ryan McIntyre(Director)
Ferrum Health develops AI accountability solutions, though the specific products and customer base are not detailed on the company page.
AI & Machine LearningDigital HealthEnterprise SoftwareSunnyvale, US
Pelu Tran(Executive Officer, Director)in
BoardPatrick Steele(Director)Jaclyn Hester(Director)Kenneth Ko(Director)
Fideo provides identity intelligence and graph analytics for fraud detection and cyber investigations, serving fraud prevention and investigation teams across the payments ecosystem.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareFintechDenver, US
FlexPoint is a cloud platform that provides enterprise-grade infrastructure with multi-layer security protections including encryption, passwordless authentication, and compliance certifications for managed service providers.
AI & Machine LearningCloud ComputingEnterprise SoftwareFintechSaaSMinnetonka, US
FintechHR Tech
Glowforge manufactures desktop laser cutting and engraving machines for crafters, makers, and businesses.
Advanced ManufacturingCreator EconomyHardware
DAN SHAPIRO(Executive Officer, Director, Promoter)MARK GOSSELIN(Executive Officer, Director, Promoter)TONY WRIGHT(Executive Officer, Director, Promoter)
Help Scout builds a customer communication platform for growing businesses that want to provide personalized support at scale.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSCambridge, US
Nick Francis(Co-Founder and Chairman of the Board)Denny Swindle(Distinguished Architect & Co-Founder)Jared McDaniel(VP of Product Design and Co-Founder)
JumpCloud is an AI-powered unified IT management platform that provides identity, access, and device management for organizations managing both human users and non-human AI identities.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Greg Keller(Chief Technology Officer, Co-founder)inRajat Bhargava(CEO)in
Looking Glass builds holographic and light field display technology, including desktop dev kits, personal holographic displays, large-scale digital signage, and a platform for sharing 3D holograms online.
ConsumerCreator EconomyDeep TechHardwareMedia & EntertainmentNew York, US
Jacob Lodwick(Director)Alexander Hornstein(Director)Jean-Francois Clavier(Director)Shawn Michael Frayne(Executive Officer, Director)Shawn Frayne(Co-founder & CEO)Rob(Co-founder)
Loop provides affordable car insurance for underserved communities using equitable pricing that excludes credit scores, education, and occupation from rate calculations.
InsurTech
Meru Health delivers digital mental health treatment combining therapy with nutrition, sleep, and breathing interventions.
Digital HealthHealthtechMental HealthWellness & FitnessSan Francisco, US
Kristian Ranta(Founder/CEO)inRiku Lindholm(Founder/COO)inAlbert Nazander(Founder/CTO)inJoshua Felser(Director)
BoardTimo Ahopelto(Director)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 5
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| FOUNDRY GROUP SELECT FUND LPLPs: San Diego City Employees' Retirement System, University of Texas Investment Management Company | 2013 | — | 11.3% | 1.64x | 1.24x |
| Foundry 2022, L.P.LPs: Texas Municipal Retirement System | — | — | 0.4% | 1.01x | 0.00x |
| FOUNDRY GROUP NEXT 2018 LPLPs: Texas Municipal Retirement System, University of Texas Investment Management Company | — | — | 4.5% | 1.22x | 0.08x |
| Foundry Group Next 2018 Partner Fund, L.P.LPs: Texas Municipal Retirement System | — | — | 10.2% | 1.46x | 0.00x |
| FOUNDRY GROUP NEXT LPLPs: Texas Municipal Retirement System, University of Texas Investment Management Company | — | — | 5.7% | 1.47x | 0.32x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Foundry invest at?
- Foundry invests at the Pre-Seed, Seed, Series A, Series B stages.
- What is Foundry's typical check size?
- Foundry typically writes checks of $250K – $15M.
- What sectors does Foundry focus on?
- Foundry focuses on Crypto & Web3.
- Where is Foundry located?
- Foundry is headquartered in Boulder, US.
- Does Foundry lead rounds?
- Yes, Foundry leads investment rounds.
Media · Podcasts & interviews
featuring the teamColorado Innovators: Brad Feld, Partner at Foundry Group
The Bear Roars · Brad Feld
Rebooting The Founders' Journey, Brad Feld - Partner at Foundry
The Reboot Chronicles with Dean DeBiase · Brad Feld
Tech Scenes Unplugged with Brad Feld, Partner at Foundry and Co-founder of Techstars
Collective Genius · Brad Feld
Co-Founder of Foundry Group Brad Feld on The Shades of Entrepreneurship
The Shades of Entrepreneurship · Brad Feld
Episode #44 Brad Feld, MD of Foundry Group, VC fund with nearly $3 billion of AUM
Andrew Romans · Brad Feld
Investing in the Future: Brad Feld, co-founder, Foundry Group and Techstars
Future Human HQ · Brad Feld
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