Foundry Backs SEOmoz

Boulder-based venture capital investor The Foundry Group, has led an investment in a developer of search engine optimization tools and services, SEOmoz. According to SEOMoz, Brad Feld from Foundry led the firm's $18M funding round, contributing $15M of the investment round. Other investors in the round included Ignition Partners, an existing investor in the company. SEOmoz said that the investment gave it a pre-money valuation of $75M. SEOmoz is based in Seattle, and adds to a number of investments that Foundry has in that city. Foundry Group's investments out of Seattle include Cheezburger Network, BigDoor Media, and Gist (Acquired by RIM); Feld also has close ties to the city via TechStars Seattle. More information »