News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Atlas Venture Raises $265 Million Fund, Touts Turnaround From Bloated Years


5/2/2013 8:29:04 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

Atlas Venture, a Cambridge, MA-based venture capital firm that focuses on early stage tech and biotech companies, has raised a new $265 million fund after several years of reinventing itself into a leaner, more nimble operation. The news comes on the heels of Boston-area VC firms closing new funds—$650 million for Battery Ventures, $516 million for Third Rock Ventures, and $450 million for Spark Capital—even as the broader VC sector continues to contract around a smaller number of players. Atlas partner Jeff Fagnan, in an interview with Fortune, says a major part of Atlas’ change in focus came from zeroing in on Boston-area startups (along with a few bets in the San Francisco Bay Area, of course). Fortune was the first to report the news.

Help employers find you! Check out all the jobs and post your resume.

Read at Xconomy
Read at News Release
Read at Fortune
Read at News Release

comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES