Foundry, a brand platform that acquires, nurtures, and grows enduring online brands, officially launched with $100 million in debt-free equity capital from LightBay Capital and Monogram Capital Partners.
WHO: Foundry is a brand acquisition platform setting a new standard for e-commerce performance and brand excellence with its data-driven technology platform. The team finds exceptional online businesses and nurtures them into epic, enduring brands to curate a selective portfolio of companies that households depend on to make life better. Founded by the group who helped build Amazon Marketplace, in addition to founders of transformational e-commerce and D2C brands, Foundry partners with entrepreneurs for the long term. It aims to profitably scale online brands to build the leading collection of top consumer companies with private equity, continuous resources, a vast network, and unmatched experience.
WHY: The funds will be used to selectively build a robust portfolio of omni-digital brands, hire new team members, and deploy its data-driven technology platform designed to cultivate lasting brands. This patient capital structure allows Foundry to unlock the potential of brands and create long-lasting relationships with founders to support their next big idea and advance their legacies.
IN THEIR OWN WORDS: "Our aim with Foundry is simple—we want to transform the lives of founders with a pledge to unlock the massive potential of their brands so they can achieve life-changing exits and build multiple legacies," said Helen Vaid, CEO of Foundry. "We are focused on building omni-digital brands that are essential to the households that buy them, and Foundry is uniquely positioned to bring the capital, the commitment and the capabilities to scale these brands beyond a founder's wildest dreams. We operate knowing that the sum of our efforts is greater than the individual parts, and with this we envision a future where Foundry redefines the standard for how great brands are built."
"Our team is committed to championing great founders who build brands that households can't live without. Brands like that can be born anywhere online today, whether that is on Amazon, Shopify, Instagram or a D2C channel. Those brands simply need access to the best capabilities to thrive. What sets Foundry apart is that we are a team of seasoned operators with the talent and experience to not only identify brands with massive potential to grow across multiple channels, but also build brands that will endure the test of time. We are excited to be partnering with the LightBay and Monogram teams on this journey," said Tom Shipley, President and co-founder of Foundry.
Foundry's team has the sourcing expertise, growth playbook and digital know how to build a portfolio of brands with marketplace and category dominance," said Adam Stein, co-founder and Partner of LightBay Capital. "Foundry's mission of accelerating the growth of founder-led brands aligns well with our philosophy of making a transformational impact on our people, our companies and our communities. We are delighted to be partnering with the Foundry leadership team and Monogram Capital as long-term investors in the company.
"Foundry is powering online retail forward, and we're thrilled to back the team as they build one of the strongest consumer brand portfolios on the market," said Jared Stein, co-gounder and Partner of Monogram Capital Partners.
Added Oliver Nordlinger, co-founder and Partner of Monogram Capital Partners, "Foundry's commitment to providing entrepreneurs with the next generation of platform data, experience and shared resources to build the next chapter of their brand's legacy is one of many reasons why we at Monogram were drawn to Foundry. As a founder-focused firm, we can't wait to see the incredible impact Helen and the team will have in supporting the growth of these digital brands."
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