Foundry Group Closes $500 Million Fund

Palo Alto – October 20, 2016 – Cooley advised Foundry Group on the closing of Foundry Group Next, LP, its sixth fund, at $500 million (the Next Fund). Based in Boulder, Colorado, Foundry is focused on making investments in early-stage information technology, internet and software startups.

In addition to its principal focus on backing current emerging companies in the portfolios of other Foundry Group funds, the Next Fund will also give Foundry the opportunity to invest in growth-stage companies outside of Foundry’s current fund portfolios and certain strategic investments in other venture firms’ investment funds.

Cooley has advised Foundry since it was formed in 2006. In that time, Cooley has advised the fund with respect to its fund formation and portfolio company financings as well as numerous other matters.

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