.406 Ventures

Founded 2005
Founders Larry Begley Liam Donohue Maria Cirino

Overview

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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.
Total investments 36
Average round size
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The average size of a deal this fund participated in
$13M
Portfolio companies 36
Rounds per year 2.25
Lead investments 23
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.47
Stages of investment
Seed

Areas of investment

  • Venture Capital
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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

ChaosSearch

Analytics
Computer
Information Services
Information Technology
Software
Early Stage Venture
40M15 Dec 2020 United States, Boston

River Search

Apps
Content
Internet
Mobile Apps
Early Stage Venture
6M15 Oct 2020 United States, New York

MineralTree

Accounting
Automation/Workflow Software
Banking
Finance
Financial Services
Financial Software
FinTech
Payments
SaaS
Software
Late Stage Venture
50M24 Sep 2020 United States, Cambridge

AristaMD

Business/Productivity Software
Consulting Services (B2B)
Health Care
Hospital
Managed Care
mHealth
Other Healthcare Technology Systems
Software
Early Stage Venture
6M14 Jul 2020 United States, San Diego

Randori

Computer
Cyber Security
Network Security
Early Stage Venture
20M23 Apr 2020 United States, " United States"}

Heartbeat Health

Health Care
Medical
Software
Early Stage Venture
8M12 Mar 2020 United States, New York

axialHealthcare

Health Care
Wellness
Late Stage Venture
15M27 Feb 2020 United States, Nashville

Promethium

Analytics
Artificial Intelligence
Information Technology
Machine Learning
Natural Language Processing
Software
Venture - Series Unknown
6M22 Jan 2020 United States, " United States"}

Nomad Health

Health Care
Hospital
Marketplace
Recruiting
Late Stage Venture
34M15 Aug 2019 United States, New York
News
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 artif... Read more
retrain.ai Raises $7M in Funding
– retrain.ai, a NYC-based Talent Intelligence Platform, raised an additional $7m in funding. – Backers included current investors Square Peg, Hetz Ventures, TechAviv, .406 Ventures and Schusterman Family Investments and new investor Splunk Ventures. – The company intends to use the funds for U.S. expansion, hiring of key talent and product development. Read more

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