Foundry Group raises third fundSeptember 14, 2012: 10:04 AM ET
FORTUNE -- Foundry Group, the Colorado-based venture capital firm best known for its early investment in Zynga (ZNGA), has closed its third fund with $225 million in capital commitments.
That's the exact same size as Foundry's first two funds, and virtually the exact same LP base. In fact, expect that Foundry's upcoming announcement on the fund close will be a literal cut-and-paste job from the prior two announcements (save for the date and fund number).
"We just happened to get the size right the first time," explains Foundry partner Jason Mendelson. The firm's other three partners are Brad Feld, Seth Levine and Ryan McIntyre.
Foundry still has dry powder remaining in its second fund – closed in October 2010 – so the new vehicle won't begin drawing capital until late this year or early Q1. The investment strategy will remain focused on early-stage IT, Internet and software companies. Recent Foundry deals include Modular Robotics, FullContact and Cloudability.
No word yet on if the firm is planning to shoot another video: