# Foundry Group, LLC

> Foundry Group, LLC is an SEC-registered investment advisory firm in Boulder, CO, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 15, 2026.

- CRD: 159541
- Filed as: FOUNDRY GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boulder, CO
- Filing period: October 2026
- Form ADV filing dated: September 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159541
- AdvisorCensus page: https://advisorcensus.com/firm/foundry-group-llc-boulder-co-159541

## Quick answers

**How is Foundry Group, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Foundry Group, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Foundry Group, LLC located?**
Foundry Group, LLC's principal office is in Boulder, CO, according to its Form ADV.

**Is Foundry Group, LLC registered with the SEC or a state?**
Foundry Group, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 159541.

**How much does Foundry Group, LLC manage?**
Foundry Group, LLC reports $3,499,682,094 in regulatory assets under management in its Form ADV filing dated September 15, 2026 (100% discretionary).

**How have Foundry Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for Foundry Group, LLC: Regulatory assets under management: $3,245,068,264 in the October 2021 data and $3,499,682,094 in the October 2026 data, up 8%. Total employees: 13 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Foundry Group, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (15).

**Does Foundry Group, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159541

**Does Foundry Group, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "The minimum initial capital commitment generally required for an investor in a Fund is $5,000,000 (subject to Foundry Group’s discretion to accept a lesser amount)."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> The minimum initial capital commitment generally required for an investor in a Fund is $5,000,000 (subject to Foundry Group’s discretion to accept a lesser amount).

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $3,499,682,094
- Discretionary: $3,499,682,094
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 15 | $3,499,682,094 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2016 (10 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- foundry.vc
- LinkedIn @foundry-vc
- X @FoundryVC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,245,068,264 | 13 | March 31, 2021 |
| October 2022 | $4,416,385,362 | 14 | March 30, 2022 |
| October 2023 | $4,292,176,057 | 16 | June 27, 2023 |
| October 2024 | $3,411,323,300 | 12 | March 25, 2024 |
| October 2025 | $3,188,002,446 | 12 | March 27, 2025 |
| October 2026 | $3,499,682,094 | 10 | September 15, 2026 |

Regulatory assets under management: $3,245,068,264 in the October 2021 data and $3,499,682,094 in the October 2026 data, up 8%.
Total employees: 13 in October 2021 and 10 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Foundry Group, LLC (CRD 159541): Form ADV filing data as of October 2026.