Foundry is a venture capital firm based in Charlotte, NC that has recently announced that their 2022 fund will be their last. Since its establishment in 2006, Foundry has focused on investing in and supporting its portfolio of companies, rather than building a long-lasting firm. With a deliberate structure and a commitment to avoiding unnecessary silos, Foundry has challenged industry norms and experimented with the venture model, including being among the first general partners to institutionalize a fund investment practice.
Despite the decision to stop raising new funds, Foundry still has capital to deploy into new and existing companies, and their day-to-day work remains unchanged. With a focus on investing in markets where venture capital is less prevalent and bringing transparency and humor to the industry, Foundry continues to look for new investment opportunities and work closely with their portfolio companies.
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