Foundry VC Exits Rover to Blackstone
GroveStreet has been an investor in Foundry since 2013. One of Foundry’s early investments was Rover, a company that has grown to become the world’s largest online marketplace for pet care. Foundry led the company’s Series B valuing the company at $7M. Rover went public in August 2021 via a SPAC and was valued at $1.35B. In February of 2024 Blackstone acquired Rover in an all-cash take-private deal valuing the company at approximately $2.3B. Foundry has fully realized its investment in Rover. Read more about the deal here.
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