TLDR

.406 Ventures, a Boston-based early-stage venture capital firm, has closed its fifth core fund at $265 million. The fund, Point 406 Ventures V, L.P., received support from new and existing limited partners including university endowments, foundations, pension plans, and strategic investors.

Key Points:

• .406 Ventures has closed its fifth core fund at $265 million.
• The fund received support from new and existing limited partners, including university endowments, foundations, pension plans, and strategic investors.

.406 Ventures, a Boston-based early-stage venture capital firm, has closed its fifth core fund with a total of $265 million. The fund, named Point 406 Ventures V, L.P., received support from various limited partners, both new and existing. Among the limited partners are university endowments, foundations, pension plans, and strategic investors. This new fund will allow .406 Ventures to continue its mission of investing in early-stage companies in the technology sector.

The successful closing of the fund reflects the confidence placed in .406 Ventures by its investors. The firm has a strong track record of investing in promising startups and has a portfolio that includes successful companies in various sectors, including software, healthcare, and cybersecurity. The support from university endowments, foundations, and pension plans also highlights the recognition of the firm’s expertise and potential for generating attractive returns.

.406 Ventures focuses on supporting startups in their early stages, providing them with the necessary capital to fuel their growth and development. The firm specializes in industries such as healthcare, cloud computing, artificial intelligence, and cybersecurity. Through its investments, .406 Ventures aims to identify innovative companies with strong growth potential and partner with them to help them achieve their objectives.

The closure of the fifth core fund is an important milestone for .406 Ventures and represents a vote of confidence from its investors. The fund will enable the firm to continue its mission of supporting early-stage startups and contributing to the growth of the technology sector. With its strong track record and experienced team, .406 Ventures is well-positioned to identify and invest in promising companies and help them succeed in the competitive market.