Foundry Group, LLC

Venture studioSEC-registered adviserClassification probable· Boulder, ColoradoFOUNDRYGROUP.COM

Venture studio, based in Boulder, Colorado, reporting $3.5B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$3.5B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
7
Latest vintage
2022
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

18 additional team members, 26 additional co-investors and affiliates, 48 additional investments, funds and LPs, 50 events, 6 verified contacts (5 professional url, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 deals
    with IA Capital Advisors

    Invests most often alongside IA Capital Advisors (2 shared deals).

    pair last observed on record 25 Oct 2010, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Manager (Foundry Group Llc)
    Why: Named with investment responsibility
    No route on file yet
  • Manager (Foundry Group Llc)
    Why: Named with investment responsibility
    No route on file yet

Relationship network

88 connected entities36 observed rounds10 repeat counterparties3 dated rounds shown here, 2009 to 2025

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Capital provider
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Foundry Group, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Foundry Group, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

23 companies on record, 1 new in 12 months

Investments on record

23 companies, 35 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Highalphaportfolio listingunknownunknownunknownunknownSep 21, 2026Fact Company website
Korrioportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Company website
SupercircleSeries A · Series Aleadunknown$24.0MunknownDec 10, 2025Fact Press release

Stated thesis versus observed behaviour

38 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 100%
lead rate 100%follow-on rate 43%new companies, 12 months 1

Team

14 current, 14 departed

Decision makers

who to call first, and why; then everyone else by function
  • Ryan a McIntyre · Manager (Foundry Group Llc)
    Why this person: Named with investment responsibility
  • Seth Jason Levine · Manager (Foundry Group Llc)
    Why this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
  • Colleen Clair · Executive Assistant
    Why this person:
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

14 current, 14 departed
14 departed (kept with end dates)
  • Greg Prow · Trustee Of Greg Prow And Melinda Prow, Prow Revocable Trust · Dec 1, 2000 to Mar 30, 2022 Inference
  • JO Ann Heidi Roizen · Trustee Of Jo Ann Roizen, Trustee Of The Mohler / Roizen Revocable Trust · Jul 1, 1999 to Mar 30, 2022 Inference
  • Chris Anthony Moody · Manager (Fg Next Flatirons I Gp, Llc) · Feb 1, 2021 to Mar 30, 2023 Inference

Contacts

1 firm phone, 5 professional url

1 firm phone, 5 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

15 vehicles, 2 LPs disclosed

Funds and vehicles

15 reported, 9 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Foundry 2022, L.P.Fund2022 name yearActive deployment$514M
Sep 15, 2026
45$503M
of $504M
Mar 14, 2023
FG Next Flatirons I, LPFund2021 form d first saleMature$23.1M
Sep 15, 2026
2$25.0M
of $25.0M
Feb 11, 2021
Fgsf Ts II Spv, LPSPV or co-invest vehicle2019 form d first saleMature$2.9M
Sep 15, 2026
6$2.2M
of $2.2M
Aug 26, 2019

Limited partners

2 LPs, 4 disclosed commitments

Known LPs and allocators

9 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Washington State Investment BoardPUBLIC INSTITUTIONAL POOLMobius Technology Ventures VI, LP$83.3M
committed
committed Jun 5, 2000Fact Pension disclosure
Colorado Public Employees' Retirement AssociationSTATE RETIREMENT SYSTEMFoundry 2022, L.P.$50.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure
Colorado Public Employees' Retirement AssociationSTATE RETIREMENT SYSTEMFoundry Group Next 2018, LLP$50.0M
committed
reported as of Dec 31, 2025Fact Pension disclosure

Relationships across DFX

29 co-investors · on 2 other DFX graphs

Co-investors

29 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 31 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Foundry Group, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Foundry Group, LLC sits on 31 traced paths of capital across the graphs.

Allocator to VC fund to manager to company

DFX traced 31 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

55 dated events, 83 observations from 4 sources

Timeline

55 dated events
  1. Dec 31, 2025
    Colorado PERA reports Foundry Group Next, L.P.: $50,000,000 committed, vintage 2016
  2. Mar 30, 2023
    Jaclyn Freeman Hester (Manager (Fg Next Flatirons I Gp, Llc)) no longer on Schedule A of Foundry Group, LLC
    Person leftPeopleInferenceJaclyn Freeman HesterForm ADV
  3. Mar 30, 2023
    Foundry 2022, L.P. first reported on Form ADV by Foundry Group, LLC (Venture Capital Fund), GAV $525,770,857
    Fund first reported on Form ADVFundsFactFoundry 2022, L.P.Form ADV
  4. Mar 30, 2023
    Lindel David Eakman (Manager (Fg Next Flatirons I Gp, Llc)) no longer on Schedule A of Foundry Group, LLC
    Person leftPeopleInferenceLindel David EakmanForm ADV
  5. Mar 30, 2023
    Chris Anthony Moody (Manager (Fg Next Flatirons I Gp, Llc)) no longer on Schedule A of Foundry Group, LLC
    Person leftPeopleInferenceChris Anthony MoodyForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Sep 15, 2026 · 15 private fundsShow
Headquarters
Boulder, COadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Sep 15, 2026
Private funds reported
15 (15 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$3.5Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$3.5Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
10
Owners on Schedule A
Ryan Andrew Mcintyre and Katherine Elise Mcintyre As Trustees of Mcintyre Family Trust Dated 6/6/2005 (Member (Foundry Group Llc)), owns 25% to 50%; Intensity Ventures, Inc (Member (Foundry Group, Llc)), owns 25% to 50%

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Venture studio (probable, 80%)
    Name or self-description says studio or venture builder

Evidence

84 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 26, 2026FactForm ADV
SEC adviser typeRegistered investment adviserSep 15, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 26, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 25, 2024FactForm ADV
First Form ADV filing2012-03-28Sep 15, 2026FactForm ADV
First Form ADV filing2012-03-28Mar 25, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-09-15Sep 15, 2026FactForm ADV
Latest Form ADV filing2026-03-26Mar 26, 2026FactForm ADV
Latest Form ADV filing2024-03-25Mar 25, 2024FactForm ADV
SEC statusApprovedMar 26, 2026FactForm ADV
SEC status effective2016-03-17Mar 26, 2026FactForm ADV
Venture share of reported funds1Sep 15, 2026FactForm ADV
Venture share of reported funds1Mar 25, 2024FactForm ADV
Business phoneMar 26, 2026FactForm ADV
Business phoneMar 25, 2024FactForm ADV
Contact page urlOct 1, 2026Fact
Contact page urlSep 16, 2026Fact
Employees10Mar 26, 2026FactForm ADV
Employees12Mar 25, 2024FactForm ADV
HeadquartersBoulder, COMar 26, 2026FactForm ADV
HeadquartersBoulder, COMar 25, 2024FactForm ADV
Office addressMar 26, 2026FactForm ADV
Office addressMar 25, 2024FactForm ADV
Self-described typeVenture capitalOct 1, 2026Fact
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 13, 2026Fact
Legal formLimited Liability CompanyMar 26, 2026FactForm ADV
Portfolio pageOct 1, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 13, 2026Fact
Private funds reported15Sep 15, 2026FactForm ADV
Private funds reported15Mar 26, 2026FactForm ADV
Private funds reported15Mar 25, 2024FactForm ADV
Private fund gross assets (reported)$3.5BSep 15, 2026FactForm ADV
Private fund gross assets (reported)$3.5BMar 26, 2026FactForm ADV
Private fund gross assets (reported)$3.4BMar 25, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$3.5BMar 26, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$3.4BMar 25, 2024FactForm ADV
Schedule a diffsadiff-1Sep 29, 2026FactForm ADV
Team pageOct 1, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported15Sep 15, 2026FactForm ADV
Venture funds reported15Mar 26, 2026FactForm ADV
Venture funds reported15Mar 25, 2024FactForm ADV
WebsiteSep 12, 2026FactForm ADV
WebsiteMar 25, 2024FactForm ADV
Website resolved domainOct 1, 2026Fact
Website resolved domainSep 16, 2026Fact
Website resolved domainSep 14, 2026Fact
Site titleOct 1, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
How this is scored
Scores, classification basis and filing advisersVenture studio, probableShow
Importance
67
high
Active deployment
4
low
Emerging
0
low
Freshness
100
high
Venture studio · probableSEC registered investment adviser

Name or self-description says studio or venture builder

The inputs behind each score
importance
gav: 0.77 · funds: 1 · people: 0.28 · investments: 0.59 · co investors: 0.59
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2025-12-10
emerging manager
fund count: 24 · reported gav: $3.5B · first adv filing: 2012-03-28 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • LP commitment disclosed
    2025-12-31source on record
  • Adviser's first ADV filing
    2012-03-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.