Foundry Backs Pete Sheinbaum’s Mandelbrot Project

Mandelbrot Project Inc., a stealth-mode startup founded by former Daily Candy CEO Pete Sheinbaum, has raised $500,000 in first-round funding from Foundry Group, according to a regulatory filing.

Seth Levine, the Foundry partner on Mandelbrot’s board of directors, declined to comment. Mandelbrot is based in Boulder, Colorado.