KyleThe Foundry Group, the venture capital group founded by Startup Colorado Co-Chair and Techstars Co-Founder, Brad Feld has announced that they’ve just completed raising their third annual $225M Fund.
As our friends at PE Hub are quick to point out the fanfare around the announcement was exactly the same as the previous two years. That’s perfectly fine with us though as Feld and his team are extremely busy and just about everything that he does is focused around funding, promoting and pushing entrepreneurs and Startups, and a lot of them are “everywhere else”.
For instance, Feld still serves as a mentor at TechStars and several other accelerators that are part of the Global Accelerator Network.
As far as the fund itself goes it will continue to invest in US based Startups and technology focuse companies. They prefer to invest in themes that have long term growth strategies in place rather than looking for the next Instagram. They often provide follow on funding for Techstars graduates. For example, The Foundry Group invested $5 Million in Orbotix Series B Round. Orbotix was mentored by Feld at TechStars. They created the Sphero robotic ball that even President Obama is a fan of.
Other notable investments include Cheezburger, Urban Airship, FullContact and Zynga.
Linkage:
Check out Feld’s blog here
Nibletz is the voice of Startups “everywhere else” here are more startup stories from “everywhere else”
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