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PJC

North America, Massachusetts, United States, Boston

Description

PJC is a Boston-based early-stage venture capital firm that partners with entrepreneurs to build industry-leading companies. Spun out from Polaris Partners' early-stage practice, PJC focuses on Seed, Series A, and Series B investments. The firm maintains a broad investment thesis, actively deploying capital across diverse sectors including enterprise software, consumer technology, artificial intelligence/machine learning, fintech, healthcare IT, and emerging areas like climate tech and the future of work. PJC emphasizes a collaborative approach, often leading investment rounds while also participating in syndicates.

The firm has demonstrated significant fundraising success, underscoring its commitment to supporting early-stage innovation. In 2021, PJC successfully closed PJC Fund V with $250 million in committed capital. Building on this momentum, they further strengthened their investment capacity by closing PJC Fund VI in 2023, which secured $300 million. These substantial funds enable PJC to provide robust financial backing to promising startups.

PJC's typical initial investment ranges from $1 million to $10 million. This flexible check size allows them to support companies from their earliest stages through significant growth milestones, reflecting their dedication to long-term partnerships. Their strategic focus on early-stage companies, combined with substantial capital resources and a diverse sector interest, positions PJC as a key player in the venture capital landscape, particularly within the US Northeast and beyond.

Investor Profile

PJC has backed more than 123 startups, with 3 new investments in the last 12 months alone. The firm has led 31 rounds, about 25% of its total and boasts 29 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, Health Care, Artificial Intelligence (AI).
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Seed (28%)
  • Series A (22%)
  • Series B (20%)
  • Series Unknown (11%)
  • Series C (10%)
  • Pre Seed (4%)
  • Series D (3%)
  • Debt Financing (2%)
  • Angel (1%)
  • Undisclosed (1%)

Country Focus

  • United States (99%)
  • Canada (1%)

Industry Focus

  • Software
  • Health Care
  • Artificial Intelligence (Ai)
  • Enterprise Software
  • Analytics
  • Machine Learning
  • Information Technology
  • E-commerce
  • Fintech
  • Saas
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does PJC frequently co-invest with?

Egan-Managed Capital
North America, Massachusetts, United States, Boston
Co-Investments: 5
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 5
Borealis Ventures
North America, New Hampshire, United States, Hanover
Co-Investments: 5
Liquid 2 Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 12
SV Angel
North America, California, United States, San Francisco
Co-Investments: 6
Venture Capital Fund of New England
North America, Massachusetts, United States, Wellesley
Co-Investments: 5
Greycroft
North America, New York, United States, New York
Co-Investments: 4
MassVentures
North America, Massachusetts, United States, Boston
Co-Investments: 6

Which angels does PJC often collaborate with?

GS
North America, Massachusetts, United States, Boston
Shared Deals: 2
AC
North America, New York, United States, New York
Shared Deals: 2
AO
North America, Massachusetts, United States, Lexington
Shared Deals: 1
AC
North America, California, United States, San Francisco
Shared Deals: 1
BF
North America, California, United States, San Francisco
Shared Deals: 2
MS
North America, California, United States, San Francisco
Shared Deals: 2
NC
North America, New York, United States, New York
Shared Deals: 2
JG
North America, California, United States, San Francisco
Shared Deals: 1
JS
North America, Massachusetts, United States, Boston
Shared Deals: 2
CS
North America, California, United States, Menlo Park
Shared Deals: 2

What are some of recent deals done by PJC?

Openly

Boston, Massachusetts, United States

Openly is an insurance company that offers home insurance, life, and auto insurance services.

Auto InsuranceCommercial InsuranceInsuranceLife InsuranceProperty Insurance
Series UnknownJan 30, 2025
Amount Raised: $123,000,000
AceUp, Inc.

Boston, Massachusetts, United States

The AI-Powered Team Transformation Engine. Leading provider globally of Human-Centered Leadership Development solutions.

Artificial Intelligence (AI)Corporate TrainingEdTechEducationHuman ResourcesPersonal DevelopmentSaaSSoftwareTrainingVirtual Workforce
Series ASep 12, 2024
Amount Raised: $22,500,000
Cohora

Boston, Massachusetts, United States

Cohora is a customer activation and engagement platform.

CosmeticsFashionMarketingTravel
SeedSep 10, 2024
Amount Raised: $2,500,000
Ruli

Austin, Texas, United States

Ruli reimagined the in-house counsel with an AI Counsel teammate for unparalleled efficiency and collaboration.

Artificial Intelligence (AI)
Pre SeedJun 24, 2024
Amount Raised: $2,200,000
FINDMINE

New York, New York, United States

FindMine is the leading solution for generating "on-brand" content in the retail industry - seen by over 100M shoppers/month

AnalyticsArtificial Intelligence (AI)E-CommerceInternetMachine LearningRetailRetail Technology
Series AApr 30, 2024
Amount Raised: $8,900,000
Dripos

New York, New York, United States

The only piece of software a coffee shop needs to operate.

Consumer SoftwareRestaurantsSaaSSoftware
Series AApr 24, 2024
Amount Raised: $11,000,000
Grapevine

New York, New York, United States

The donor platform for collaborative giving.

Social Entrepreneurship
SeedAug 8, 2023
Amount Raised: $1,670,000
Nova

New York, New York, United States

Nova is developing a set of generative AI tools to protect brand integrity.

Artificial Intelligence (AI)ContentGenerative AI
SeedAug 1, 2023
Acelab

Brooklyn, New York, United States

Acelab is a developer of the architecture based online platform that connects architects and manufacturers.

ArchitectureB2BConstruction
Series UnknownJul 11, 2023
Amount Raised: $5,300,000
Diligent Pharma

Philadelphia, Pennsylvania, United States

Diligent Pharma is a platform that streamlines the selection and qualification of clinical trial service providers.

ComputerIndustrial ManufacturingPharmaceutical
Series AMay 15, 2023
Amount Raised: $8,270,000