Boston-based venture capital firm, .406 Ventures, has successfully raised $265 million in its fifth funding round. These funds are intended to support emergent startups in cybersecurity, data and AI, and healthcare sectors.
.406 Ventures was spearheaded by Liam Donohue, Maria Cirino, and Larry Begley, gaining contributions from a variety of new and existing limited partners such as university endowments, foundations, and strategic investors, among others. Following this funding round, the overall capital of .406 Ventures now stands at an impressive $1.4 billion.
Despite the influx of funding, .406 Ventures intends to maintain its original investment strategy. The primary focus remains on three foundational sectors while also expanding nationally. The company has taken a keen interest in local ventures, demonstrating a commitment to sustain businesses within their locale. Future strategies involve diversifying their portfolio by casting a wider net across the country.
.406 Ventures has curated a network of consistent investors indicative of a strong alliance of backers. Since its formation, the venture firm has generated a portfolio comprising 87 companies across diverse fields, identifying and supporting startups with considerable growth potential. This success can be attributed to the collective knowledge and expertise of the team at .406 Ventures.
The company has recently made investments in four businesses from its latest fund. Notably, a substantial investment was made into Portrait Analytics, a frontrunner in generative AI platforms for investment research. Similarly, Predictive Inc., a startup specializing in predictive analytics within the healthcare industry, has also been backed by .406 Ventures. The firm also extended its support to SecureSpace and DataFlow Systems, companies that provide digital security solutions and advanced data-driven decision-making tools respectively.
The .406 Venture team underscores the importance of staying ahead of tech evolutions and identifying potential risks. By consciously investing in startups with the capacity to redefine technological boundaries, they co-create tomorrow’s technologies. Through early identification and addressing of potential vulnerabilities, the firm safeguards its investments against unforeseen tech disruptions, ultimately striking a balance between risk-taking and strategic planning.
