Foundry Group Raises Another $225M Fund; Recycles Last $225M Blog Post To Announce It

Foundry Group, an early investor in Zynga, Jiraffe, Awe.sm, Modular Robots, and many more, has today announced that it has closed another $225 million fund. The news was announced in a blog post, which founders Jason Mendelson, Brad Feld, Seth Levine and Ryan McIntyre?note was the exact same one it used to announced its last fund, also for $225 million. (No use in breaking things that work, right?) This is the third fund raised by the group. Fortune also reported the news and writes that, because there is still money left in that previous fund, Foundry won't be drawing from the new fund probably until late this year or Q1 of next year.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/CFZvdp1BMi0/

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