FG Next Flatirons I, LP
Foundry Group · adviser of record: Foundry Group, LLC · 2020 vintage
FG Next Flatirons I, LP is a 2020 venture fund managed by Foundry Group, with $25mm raised (Form D, amount sold). It reported $23.1mm in gross assets at year-end 2025, 0.92x its size, against a peak of $26.7mm in 2022.
- Latest value held
- $23.1mm year-end 2025
- Peak
- $26.7mm year-end 2022
- Fund size
- $25mm Form D, amount sold
- Held vs. size
- 0.92x peak 1.07x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $23.1mm | 0.92x | -7% over 2 yrs |
| 2023 | $24.7mm | 0.99x | -8% |
| 2022 | $26.7mm | 1.07x | +2% |
| 2021 | $26.1mm | 1.04x | +3% |
| 2020 | $25.2mm | 1.01x | – |
Other funds from Foundry Group
- Foundry 2022, L.P. 2022
- FGSF TS II SPV, LP 2019
- Foundry Group Next 2018, LP 2018
- Foundry Group Next 2018 Partner Fund, LP 2018
- FGSF Obtx II SPV, LP 2017
- FGSF TS SPV, LP 2016
- Foundry Group Next, LP 2015
- Foundry Venture Capital 2016, LP 2015
- Foundry Venture Capital 2010 Annex, LP 2015
- FGSF BBND SPV, LP 2015
- FGSF Obtx SPV, LP 2015
- FVC13 LBTS SPV, LP 2015
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-5122567719. Data updated October 13, 2026.
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