
Investments
484Portfolio Exits
96Funds
16Service Providers
1
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Expert Collections containing Foundry
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Foundry in 4 Expert Collections, including HR Tech.
HR Tech
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Grocery Retail Tech
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Startups providing tools to grocery businesses to improve in-store operations. Includes IoT tools, customer analytics platforms, in-store robots, predictive inventory management systems,and more. (Does not include on-demand grocery delivery startups or online-only grocery stores)
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Latest Foundry News
Jul 17, 2023
Blu Atlas Foundry, a brand platform specializing in acquiring, nurturing, and growing online brands, has acquired Blu Atlas for an undisclosed eight-figure sum, marking its third acquisition in the space. WHO: Founded by Deep Patel, Blu Atlas launched in January 2022 is a direct-to-consumer men's skincare, personal care, and fragrance brand with a nature-based ethos. Dallas-based Foundry launched in 2021 as a brand acquisition platform setting a new standard for e-commerce performance and brand excellence. The team acquires majority stakes in direct-to-consumer brands with revenues between $1 million and $50 million with the intention of helping them accelerate growth. The team says it acquires exceptional, disruptive businesses nurturing them into enduring brands and scaling them profitably. Their portfolio includes men's brands Supply and Stryx as well as home fragrance brand Craft & Kin. WHY: The platform was launched to amass a portfolio of 30 to 50 brands. IN THEIR OWN WORDS: Expressing his excitement about the acquisition, Matt Rhodes, co-founder and CFO of Foundry, noted, “Blu Atlas has successfully cracked the code by offering high-quality products crafted from natural ingredients, accompanied by great fragrances and appealing packaging. This acquisition perfectly aligns with our mission of enriching people’s lives.” Hendre Ackermann, CEO of Foundry, added, “We are thrilled for the opportunity to take Blu Atlas to its next stage of growth. We believe Blu Atlas has the potential to reach $100 million in sales over the coming years, by increasing distribution, building greater awareness, and continuing to offer a premium and differentiated product assortment.” Reflecting on the acquisition, Deep Patel, founder of Blu Atlas, shared, “I was driven to start Blu Atlas when I couldn’t find clean and effective men’s skincare that worked. So, I worked with a team to create a line of powerful and effective products that people quickly fell in love with. Blu Atlas grew faster than I could have ever dreamed of. I feel extremely proud of what we've been able to accomplish. Now, with Foundry taking the reins, I’m excited to witness the next chapter unfold. The Foundry team has been a pleasure to work with, and I know that they will continue to elevate the brand and make a positive impact on the lives of men globally.” DETAILS: Foundry acquired Blu Atlas for an undisclosed eight-figure sum, marking its third acquisition in the beauty and personal care space.
Foundry Investments
484 Investments
Foundry has made 484 investments. Their latest investment was in Deduce as part of their Series A - II on September 9, 2023.

Foundry Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/12/2023 | Series A - II | Deduce | $9M | No | 2 | |
6/26/2023 | Seed VC | Springbank | $35M | Yes | 1 | |
5/18/2023 | Unattributed VC - II | Optimize Health | $6M | No | 1 | |
5/17/2023 | Series E - II | |||||
1/25/2023 | Series B |
Date | 9/12/2023 | 6/26/2023 | 5/18/2023 | 5/17/2023 | 1/25/2023 |
---|---|---|---|---|---|
Round | Series A - II | Seed VC | Unattributed VC - II | Series E - II | Series B |
Company | Deduce | Springbank | Optimize Health | ||
Amount | $9M | $35M | $6M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
Foundry Portfolio Exits
96 Portfolio Exits
Foundry has 96 portfolio exits. Their latest portfolio exit was Nextbite on June 13, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/13/2023 | Acquired | 2 | |||
3/23/2023 | Acquired | 4 | |||
3/17/2023 | Acquired | 2 | |||
Date | 6/13/2023 | 3/23/2023 | 3/17/2023 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 4 | 2 |
Foundry Fund History
16 Fund Histories
Foundry has 16 funds, including FGSF TS II SPV.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
8/26/2019 | FGSF TS II SPV | $2.25M | 1 | ||
8/1/2018 | Foundry Group Next 2018 | Multi-Stage Venture Capital | Closed | 3 | |
6/28/2018 | FGSF OBTX II SPV | $14M | 2 | ||
9/19/2016 | Foundry Group Next | ||||
9/23/2015 | FGSF BBND SPV |
Closing Date | 8/26/2019 | 8/1/2018 | 6/28/2018 | 9/19/2016 | 9/23/2015 |
---|---|---|---|---|---|
Fund | FGSF TS II SPV | Foundry Group Next 2018 | FGSF OBTX II SPV | Foundry Group Next | FGSF BBND SPV |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $2.25M | $14M | |||
Sources | 1 | 3 | 2 |
Foundry Team
9 Team Members
Foundry has 9 team members, including current Founder, President, Bradley Feld.
Name | Work History | Title | Status |
---|---|---|---|
Bradley Feld | SOFTBANK Technology Ventures | Founder, President | Current |
Name | Bradley Feld | ||||
---|---|---|---|---|---|
Work History | SOFTBANK Technology Ventures | ||||
Title | Founder, President | ||||
Status | Current |