Foundry Leads New Investment In Cloudability

Boulder-based Foundry Group is the lead investor in enterprise, cloud spend management software developer Cloudability, via its late stage funding vehicle, Foundry Group Select Fund. According to Cloudability, Foundry Group Select Fund led its $24M, Series B funding, bringing its total raised so far to $40M. Cloudability's software is used to track spending on cloud services within the enterprise. Foundry raised Foundry Group Select in late 2013, saying that the fund--unlike most of the firm's other investment funds--would put up to $25M into late stage growth funding in its existing, portfolio companies. More information »