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Lena Giacomini
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Lena Giacomini

CFO

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At a glance

Full Name
Lena Giacomini
Title
Chief Financial Officer (CFO)
Firm
Foundry (Foundry Group)
Firm Type
Venture capital firm — early-stage technology (note: *not* an angel investor; the stub's "Angel Investors" label is inaccurate)
Investment Stage
Foundry invests at the early stage (seed/Series A); however, Giacomini is the firm's finance/operations lead, not a check-writing investing partner
Sector Focus
Information technology, internet, and software (firm-level)
Geographic Focus
United States, historically with strength in Colorado and Boulder-area startups (firm-level)
Location
Boulder, Colorado, United States

Background

Lena Giacomini is the Chief Financial Officer of Foundry (formerly Foundry Group), the Boulder, Colorado early-stage venture capital firm founded in 2007 by Brad Feld, Ryan McIntyre, Seth Levine, and Jason Mendelson. She joined the firm in 2013 and was promoted to CFO in 2017. In that role she leads Foundry's finance function and is responsible for fund operations, financial and tax reporting, and the firm's broader administrative operations — a fund-management and back-office role rather than a deal-sourcing or investment-decision role.

Before Foundry, Giacomini spent more than a decade in public accounting at PricewaterhouseCoopers (PwC), where she rose to Tax Director within the Bay Area Asset and Wealth Management practice, advising venture capital and private equity clients on a broad range of tax and accounting matters. Her PwC experience spanned the San Jose and Denver offices, giving her deep exposure to fund structuring, partnership tax, and VC/PE financial operations.

She holds an M.S. in Accountancy from San José State University and is a Colorado Certified Public Accountant (listed as inactive). Outside of Foundry, she has contributed to Colorado's startup-finance ecosystem: she served as Treasurer of the State of Colorado's Venture Capital Authority (per its 2022 annual report), the public body that oversees Colorado's state-supported venture investment programs.

Because Giacomini's role is that of a fund CFO rather than an investing partner, the sections below describe Foundry's firm-level investment activity for context; individual investment decisions at Foundry are made by its general partners (Seth Levine, Jaclyn Hester, Lindel Eakman, Chris Moody, Ryan McIntyre, and Brad Feld), not by the CFO.

Investment Thesis & Focus

  • Firm-level, not personal: Giacomini does not lead or source investments; she runs Foundry's fund finance and operations. Founders seeking capital should engage Foundry's general partners, not the CFO.
  • Stage & sector (firm): Foundry has focused on early-stage technology — information technology, internet, and software startups — typically leading seed and Series A rounds.
  • Pace (firm): Foundry historically made roughly ~30 new investments over a three-year fund cycle, concentrating capital in a relatively small number of companies it backs deeply.
  • Give First philosophy: Foundry and co-founder Brad Feld are known for a "give first" / entrepreneur-friendly, network-driven approach to supporting founders.
  • Important status: Foundry is winding down new investing (see Recent Activity). Its 2022 fund is its last, so the firm is no longer raising new capital or making a meaningful volume of new investments.

Notable Investments

  • Fitbit — wearable fitness devices; went public (IPO 2015).
  • Zynga — social/mobile gaming company; IPO 2011.
  • Sphero — Boulder-based robotics/connected-toy maker (e.g., the app-controlled BB-8).
  • Moz — SEO and inbound-marketing software.
  • SendGrid — email delivery/API platform; IPO 2017, later acquired by Twilio.
  • Techstars — the global startup accelerator, closely tied to Foundry co-founder Brad Feld.

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