Boulder, CO-based venture capital firm Foundry Group closed its fifth fund, at $225m.
Foundry Venture Capital 2016, L.P. will continue the firm’s strategy of investing in seed and early-stage opportunities in the software and IT space that are located across the United States.
In details, the Brad Feld’s firm invests in adtech related companies, digital life, new distribution methods like Facebook, Twitter, Mobile, and User-Generated Content, software augmenting computer to computer interaction and human computer interaction, marketplaces and protocols.
It invests $5 million to $15 million in a US company over its lifetime.
Read Feld’s thoughts about the new fund on his blog here.