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Foundry company logo
Venture Capital
foundry.vc

Investments

484

Portfolio Exits

96

Funds

16

Service Providers

1

About Foundry

Foundry is a venture capital firm. It invests in startups and venture funds. It was founded in 2007 and is based in Boulder, Colorado.

Headquarters Location

1050 Walnut Street Suite 120

Boulder, Colorado, 80302,

United States

303-642-4050

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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.

H

HR Tech

65 items

S

Synthetic Biology

382 items

G

Grocery Retail Tech

16 items

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)

E

Education Technology (Edtech)

58 items

Latest Foundry News

Brand Platform Foundry Acquires Men’s Brand Blu Atlas

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.

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Foundry Investments Activity

investments chart

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

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$99M

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10

1/25/2023

Series B

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$99M

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10

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

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Amount

$9M

$35M

$6M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

1

1

10

10

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

$99M

2

3/23/2023

Acquired

$99M

4

3/17/2023

Acquired

$99M

2

1/30/2023

Acquired

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$99M

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10

1/12/2023

Reverse Merger

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$99M

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10

Date

6/13/2023

3/23/2023

3/17/2023

1/30/2023

1/12/2023

Exit

Acquired

Acquired

Acquired

Acquired

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

4

2

10

10

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

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$99M

10

9/23/2015

FGSF BBND SPV

$99M

10

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

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Status

Closed

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Amount

$2.25M

$14M

$99M

$99M

Sources

1

3

2

10

10

Foundry Service Providers

1 Service Provider

Foundry has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

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

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Name

Bradley Feld

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Work History

SOFTBANK Technology Ventures

Title

Founder, President

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Status

Current

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