.406 Ventures, a Boston, MA-based early-stage venture capital firm, closed its fifth core fund, at $265m.
Point 406 Ventures V, L.P., received support from new and existing limited partners, including university endowments, foundations, pension plans, and strategic investors.
The new fund has received capital commitments from a group of new and existing limited partners, including university endowments, foundations, pension plans, and strategic investors. This brings the total raised by .406 Ventures to over $1.4 billion across its five core funds and three opportunity funds.
Investing Team and Focus
The firm, founded by Liam Donohue, Maria Cirino, and Larry Begley, continues to focus on the same three industries and leverages the Boston tech ecosystem, while also making national investments. Notably, .406 Ventures is seeing an increasing number of repeat founders returning for new investments, reflecting the firm’s commitment to being a long-term partner for entrepreneurs.
When looking at startups within the three verticals of healthcare, data and AI, and cybersecurity, the firm considers a number of factors, like the plan for infrastructure, especially now that AI is everywhere.
It also taps into executive councils of over 100 C-suite operators from Fortune 500 companies.
Some fun facts! Boston-based venture firm406 Ventures closed its fifth fund with $265 million in capital commitments.
The firm invests in healthcare, data and AI, and cybersecurity.
The new fund is backed by a group of new and existing limited partners, including university endowments, foundations, pension plans and strategic investors.
The 18-year-old firm has raised more than $1.4 billion in total.