Press Release

Foundry Launches $500 Million Fund

May 24, 2023

Palo Alto – May 24, 2023 – Cooley advised Foundry, a venture capital firm headquartered in Boulder, Colorado, in raising its sixth-generation fund, Foundry 2022, at $500 million. Created to continue network-driven investing, the new fund invests in early-stage technology companies and venture funds. Partner Shane Goudey led the Cooley team.

Foundry is a unique offering in the venture capital market, delivering a symbiotic network that propels innovation. Founded in 2007, Foundry manages more than $3 billion for its limited partners and has invested in hundreds of companies and dozens of venture funds, establishing itself as the premier firm focused on making investments across the full venture ecosystem. Foundry is headed by managing partners Brad Feld, Lindel Eakman, Jaclyn Freeman Hester, Seth Levine, Ryan McIntyre and Chris Moody.

Cooley has advised Foundry since the company’s inception. During that time, Cooley has counseled the firm on its full suite of legal needs – including fund formation, portfolio company financings, securities regulation compliance, tax and employment issues – as well as numerous other matters.

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