No one knows how much longer it’ll last, but it’s definitely a good time to raise a venture fund. Boston-based .406 Ventures said today it has raised a $217 million third fund to invest in enterprise tech companies.
The 10-year-old venture firm has about $600 million under management, making it one of the more prominent tech investors in New England. Its portfolio companies span the fields of cybersecurity, health IT, big data, and cloud infrastructure: they include Veracode, Bit9 + Carbon Black, Iora Health, CoPatient, Bedrock Data, Indico, and CloudHealth Technologies.
.406 Ventures is led by co-founders and managing partners Maria Cirino and Liam Donohue. The firm tends to invest in early-stage companies, many of them based in the Boston area. That and its sector focus puts it in competition (and cooperation) with a number of other VC firms in town, including Accomplice, G20 Ventures, Founder Collective, and General Catalyst Partners.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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