Foundry Group
Facts
- HQ
- Boulder, Colorado, USA
- Sectors
- Venture capital, Finance
Glowforge Co-Founders Dan Shapiro and Mark Gosselin Reacquire Startup Assets After Restructuring
Glowforge, the Seattle-based laser engraver startup, has undergone restructuring after financial troubles, with co-founders Dan Shapiro and Mark Gosselin reacquiring key assets to restart operations. They plan to focus on improving hardware, software, and customer service with a smaller team.
3D-Modeling Startup Canvas Raises $10M Series A Led by Trilogy Equity, CEO Sarah Bird Since April 2024
Canvas, a Denver-based startup specializing in 3D measurement and modeling technology for architecture and construction, raised $10 million in Series A funding led by Trilogy Equity Partners. The company, led by former Moz CEO Sarah Bird since April 2024, operates with a global remote team and recently refocused its business entirely on software.
SingleFile Raises $6.5M Led by Foundry Group as Corporate Transparency Act Increases Demand
Seattle-based legaltech SingleFile raised $6.5 million in a round led by Foundry Group to support growth as new rules like the Corporate Transparency Act increase demand for compliance filing services; total funding exceeds $15 million. The company automates filings for law firms, VCs, private equity, and real estate to replace manual email, PDF, and spreadsheet processes.
Glowforge Launches Magic Canvas AI Image Generator for 3D Laser Printing Creations
Glowforge launched Magic Canvas, an AI-powered image generator that creates artwork from text prompts optimized for 3D laser printing on materials like wood and acrylic. The tool simplifies the design process by producing copyright-free images ready for engraving and cutting.
RealWear to Go Public via SPAC Merger with Cascadia Capital Valued at $375.5 Million
RealWear, a Vancouver, Washington-based industrial headset maker, is going public through a SPAC merger with Seattle's Cascadia Capital, valuing the combined company at $375.5 million. The company, serving over 5,000 enterprise customers including 41 Fortune 100 firms, reported $20.5 million in revenue for 2022 with a 63% gross margin.
Mason founders Jim and Nancy Xiao swap CEO and President roles as startup, backed by $25M Series A, tops 50 employees; Microsoft CVP Gavriella Schuster departs to focus on DEI
Seattle IoT startup Mason is swapping CEO Jim Xiao and President Nancy Xiao, with Nancy becoming CEO after the company raised $25M in Series A and grew to 50+ employees; longtime Microsoft CVP Gavriella Schuster has left Microsoft to focus on DEI work.
Boundless raises $25M to expand immigration software services; aims to triple staff after RapidVisa deal
Seattle-based immigration software startup Boundless raised $25 million to expand services that help people connect with lawyers and file spousal-visa and citizenship applications, having supported over 70,000 families since spinning out of Pioneer Square Labs in 2017. The company, led by CEO Xiao Wang, plans to grow headcount from 130 with hopes tied to a 'pro-immigrant' Biden administration after recent restructuring and the acquisition of RapidVisa.
Boundless lays off 4, asks 27 employees to relocate to Las Vegas after $7.5M raise and RapidVisa acquisition
Seattle-based immigration startup Boundless cut four jobs and asked 27 customer-support employees to relocate to Las Vegas after raising $7.5 million and acquiring RapidVisa, consolidating support to the acquired companys Las Vegas center as part of a restructuring.
Optimize.health raises $15.6M to scale remote patient monitoring platform amid telehealth surge
Seattle health-tech startup Optimize.health raised $15.6 million to expand its remote patient monitoring platform, which integrates with EHRs, supports communication and billing, and has seen revenue grow over 800% year-over-year.
Boundless raises $7.5M to acquire RapidVisa, adds 45 employees and expands online immigration services
Seattle-based Boundless raised $7.5 million to fund the acquisition of rival RapidVisa and expand its online immigration tools, nearly doubling its team by adding 45 RapidVisa employees. CEO Xiao Wang says the funding and deal will strengthen the company’s infrastructure and market position ahead of an economic recovery.
Founders’ Co-op publishes customer experience promise to founders outlining five commitments after 200+ early-stage investments
Founders’ Co-op outlines a written customer experience promise to founders, committing to five principles—Tell the Truth, Be Fast, Give First, It’s Your Company, Be Human—based on the partners’ founder-to-VC experience and more than 200 early-stage investments.
Rover lays off 41% of staff (194 people) amid COVID-19, extends health benefits for six months
Seattle-based pet care startup Rover laid off 41% of its workforce (194 employees impacted) and put an additional 9% on standby due to revenue declines from COVID-19; about 275 employees remain and affected staff receive six months of extended health benefits and extended stock option exercise windows.
Author argues regional VCs must map startups to the venture-capital 'stack' to connect local companies with San Francisco/New York growth capital
The author connects the concept of the venture capital valuation stack with how institutional LPs view regionally focused managers, arguing that regional innovation hubs can succeed only if they understand how to connect local startups to centralized global capital markets concentrated in places like San Francisco and New York.
