Foundry Group leads $7M funding round for Borrowed & Blue

BOULDER — The Foundry Group, a venture-capital firm based in Boulder, led a $7 million funding round for Borrowed & Blue Inc., a wedding-vendor marketplace based in Charlottesville, Va., that has an office in Boulder.

Foundry Group partner Jason Mendelson will be joining the company’s board of directors. Foxhaven Asset Management, Accomplice VC, Galvanize Ventures and Service Provider Capital also participated in the round.

The company said it will use the funds to build out its product and marketing teams, expand to the rest of the United States, and launch a transactional marketplace for the wedding industry.

Borrowed & Blue’s co-founder and chief executive Adam Healey said the…