Foundry Group is shutting down and won’t raise another fund

Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its last on […] © 2024 TechCrunch. All rights reserved. For personal use only.

Feb 14, 2024 - 00:52

Foundry Group is shutting down and won’t raise another fund

Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. The move was unexpected considering that the firm announced a $500 million fund last year. Boulder, Colorado-based Foundry first announced that its current fund would be its last on […]