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Foundry Group is shutting down and won’t raise another fund
Foundry Group, an 18-year-old venture firm with nearly $3.5 B in assets, has quietly decided to shut down and not raise any more funds.
Foundry Group, an 18-year-old venture firm with nearly $3.5 billion in assets under management, has quietly decided to shut down and not raise any more funds. He wrote: “While VC firms rarely make decisions like this, it’s precisely what we planned to do when we started Foundry in 2006. In her own blog post Foundry partner Jaclyn Hester wrote that she was “focused on supporting our portfolio and leading new early-stage rounds as we deploy the remainder of the 2022 fund over the next few years.”
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