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.406 Ventures

Founders Larry Begley Liam Donohue Maria Cirino

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 204
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 88
Rounds per year 10.74
Lead investments 30
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.57
Exits 23
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Health Care
  • SaaS
  • Cyber Security
  • Analytics
Summary

In 2005 was created .406 Ventures, which is appeared as VC. The main department of described VC is located in the Boston. The company was established in North America in United States.

The fund was created by Larry Begley, Liam Donohue, Maria Cirino. The overall number of key employees were 4.

The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most successful fund investment fields, there are Machine Learning, Security. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Compass, Carbon Black, Iora Health

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the .406 Ventures, startups are often financed by RRE Ventures, Polaris Partners, First Round Capital. The meaningful sponsors for the fund in investment in the same round are Polaris Partners, Prism Venture Management, F-Prime Capital. In the next rounds fund is usually obtained by RRE Ventures, Atlas Venture, Prism Venture Management.

The top amount of exits for fund were in 2018. Considering the real fund results, this VC is 16 percentage points more often commits exit comparing to other organizations. When the investment is from .406 Ventures the average startup value is 100-500 millions dollars. Deals in the range of 10 - 50 millions dollars are the general things for fund. The fund is generally included in 7-12 deals every year. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity. Comparing to the other companies, this .406 Ventures performs on 16 percentage points less the average number of lead investments.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of .406 Ventures:
Typical Co-investors
.406 Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after .406 Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Heartbeat Health

Health Care
Medical
Software
$25M09 Jul 2024 New York, New York, United States

Humata Health

$25M20 Jun 2024 Winter Park, Florida, United States

VivorCare

Health Care
$4M23 May 2024 Somerville, Massachusetts, United States

InStride Health

Health Care
$30M27 Mar 2024 Boston, Massachusetts, United States

FamilyWell Health

$4M27 Feb 2024 -

Nema Health

Health Care
Personal Health
$4M09 Nov 2023 -

Diana Health

Health Care
Personal Health
Women's
$34M05 Oct 2023 New York, New York, United States

Better Life Partners

Communities
Health Care
Medical
Wellness
$26M29 Aug 2023 New Hampshire, United States

Portrait Analytics

Analytics
Artificial Intelligence
Financial Services
Market Research
$7M20 Jul 2023 Boston, Massachusetts, United States
News
Nomad Health Raises $63 Million in Funding to Address Healthcare Staffing Shortages Across the Country as COVID Surges Yet Again

– Nomad Health, the leading digital marketplace for temporary healthcare jobs, announced the completion of $63m in new equity and debt financing.
Adams Street Partners led, and all existing investors participated, including Icon Ventures, Polaris Partners, RRE Ventures, .406 Ventures, First Round Capital, and Silicon Valley Bank.
– With this financing, the business has raised over $100m since the company’s inception in 2015.
– The funding will be used to support Nomad Health’s explosive growth, allowing the company to double down on efforts to hire, invest in the technology platform, and grow its national footprint.
– As the demands on the healthcare system have reached historic levels during the COVID-19 pandemic, the need and urgency for temporary healthcare staffing solutions has substantially increased.

ClosedLoop.ai Raises $34M in Series B Funding

– ClosedLoop.ai from Austin develops a healthcare’s data science platform using artificial intelligence to improve outcomes and reduce costs.
– Series B $34m round was led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst, with participation from angel investors Adam Boehler (former director of CMMI & CEO of Rubicon Founders) and Sam Palmisano (former CEO of IBM).
– The new investment will be aimed at further expanding the reach of its artificial intelligence solutions.

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Total investments 204
Average round size 19M
Rounds per year 10.74
Peak activity year 2020
Lead investments 30
Follow on index 0.57
Exits 23
Group Appearance index 0.91

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Heartbeat Health

Health Care
Medical
Software
$25M09 Jul 2024 New York, New York, United States

Humata Health

$25M20 Jun 2024 Winter Park, Florida, United States

VivorCare

Health Care
$4M23 May 2024 Somerville, Massachusetts, United States

InStride Health

Health Care
$30M27 Mar 2024 Boston, Massachusetts, United States

FamilyWell Health

$4M27 Feb 2024 -

Nema Health

Health Care
Personal Health
$4M09 Nov 2023 -

Diana Health

Health Care
Personal Health
Women's
$34M05 Oct 2023 New York, New York, United States

Better Life Partners

Communities
Health Care
Medical
Wellness
$26M29 Aug 2023 New Hampshire, United States

Portrait Analytics

Analytics
Artificial Intelligence
Financial Services
Market Research
$7M20 Jul 2023 Boston, Massachusetts, United States
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