Foundry Group

Who Just Raised A $225 Million Financing in North Carolina?

Last Tuesday, while I was enjoying a week off the grid, AvidXchange announced they had raised a $225 million financing led by Bain Capital Ventures. I’m psyched to be joining the board of a company co-founded and run by Mike Praeger, a friend of mine for over 20 years. It was big news in Charlotte, North Carolina…

We Just Led A $10 Million Round in Spare5

A few weeks ago I reposted some great advice from Fred Wilson for pitching entrepreneurs: “Fundraising is simple: find investors that get excited about your company.” Our experience with Spare5 and their experience raising money from us, where we just led a $10 million Series A Financing together with Madrona Venture Group and New Enterprise Associates, fits this quote…

Our 2016 Foundry Group Fund and A Little History

Yesterday we closed our fifth fund, Foundry Venture Capital 2016, L.P. As with all four of our other funds, it’s a $225 million fund. In 2007 we raised our first fund – Foundry Venture Capital 2007. We subsequently raised a $225 million fund in 2010, another one in 2013, and a late stage fund in 2013….

Why We Pass Quickly On Things

I passed on something referred to us by a close VC friend (who I’ll call Joe) who I’ve done a bunch of investments with over the years. A few minutes later I got the following email from the entrepreneur. hey brad –  if you get a moment, i’d love to hear your unvarnished reasons for…

Foundry Group Traditions: Gnip Exit Gift

Foundry Group has now been around for over seven years and I’ve been working with my partners for 14 years. We’ve started to develop some traditions. One of my favorites is exit gifts. When a company has an exit that generates a return for us, we give a gift to the partner who served on the board….