Foundry Raises $225 Million

The Foundry Group has closed its debut fund with $225 million in capital commitments. The Boulder, Colo.-based venture capital firm was formed late last year by the Colorado team of Mobius Venture Capital, which is winding down operations. It had initially targeted $175 million, and reports limited partners like Guardian Life, Morgan Stanley, Parish Capital and UTIMCO. www.foundrygroup.com