
.406 Ventures
Description
.406 Ventures is a prominent Boston-based venture capital firm specializing in early-stage technology companies. Founded with a focus on enterprise software, data & cloud, cybersecurity, and healthcare IT, the firm targets disruptive innovations that address significant market needs. They primarily invest in Seed, Series A, and Series B rounds, often taking a lead or co-lead position, and are known for their hands-on approach in supporting portfolio companies.
The firm's investment strategy emphasizes partnering with exceptional management teams building scalable businesses. .406 Ventures provides more than just capital; they offer strategic guidance, operational expertise, and access to a robust network of industry leaders and potential customers. Their deep sector knowledge allows them to identify promising startups and help them navigate the complexities of growth, from product development to market expansion.
Since its inception, .406 Ventures has demonstrated a strong track record of fundraising and successful investments. They have raised over $1 billion in committed capital across five core funds, with their most recent fund, .406 Ventures V, closing at $270 million in 2021. This substantial capital base enables them to make meaningful initial investments and provide follow-on funding as companies mature. The firm's portfolio includes a diverse range of companies that have achieved significant milestones, including successful exits and continued growth, solidifying their reputation as a key player in the venture capital landscape.
Investor Profile
.406 Ventures has backed more than 176 startups, with 5 new investments in the last 12 months alone. The firm has led 50 rounds, about 28% of its total and boasts 34 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom.
- Strong thematic focus on Software, Health Care, Cyber Security.
- Led 2 rounds in the past year.
- Typical check size: $5M – $20M.
Stage Focus
- Series A (26%)
- Series B (23%)
- Series C (15%)
- Seed (11%)
- Series D (10%)
- Series Unknown (9%)
- Series E (3%)
- Series F (2%)
- Debt Financing (1%)
Country Focus
- United States (99%)
- United Kingdom (1%)
Industry Focus
- Software
- Health Care
- Cyber Security
- Analytics
- Saas
- Security
- Information Technology
- Artificial Intelligence (Ai)
- Data Integration
- Network Security
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.