Foundry Group closes $225 mln for fourth fund

Foundry Group said Friday that it has closed $225 million for its fourth fund, the company announced in a blog post on its site. Unlike its previous funds, this pool will focus on “portfolio companies that have achieved significant success.” Based in Boulder, Colorado, Foundry Group is a VC firm that invests in early-stage information technology, internet and software startups. To read more about the fund, visit here.