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Foundry Backs TrackR In New Round

Boulder-based Foundry Group is backing an existing portfolio firm, TrackR, in a $50M Series B funding. TrackR is a maker of devices which attach to your keys, can be tucked in your wallet, or attached to other items so you can track where they are using your smartphone. The $50M funding round came from Revolution Growth, and in addition to Foundry Group, also included Amazon Alexa Fund, NTT DOCOMO Ventures, The Glenmede Trust, and Bespoke Strategies. TrackR is based in Santa Barbara, California. Foundry Group was the first institutional investor in TrackR. More information »