Investments
197Portfolio Exits
32Funds
17About .406 Ventures
406 Ventures is an early-stage venture capital firm that invests in information technology (IT) and services companies founded by the finest entrepreneurs. The firm typically is the lead, first institutional investor in early-stage and de novo investments in market-changing IT security and infrastructure, technology-enabled business services, and software companies. It was founded in 2005 and is based in Boston, Massachusetts.
Expert Collections containing .406 Ventures
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find .406 Ventures in 1 Expert Collection, including Robotic Process Automation.
Robotic Process Automation
10 items
RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.
Research containing .406 Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned .406 Ventures in 1 CB Insights research brief, most recently on Feb 16, 2022.
Feb 16, 2022 report
State of Supply Chain & Logistics Tech 2021 ReportLatest .406 Ventures News
Nov 17, 2023
What You Should Know: – .406 Ventures , a leading early-stage venture capital firm focused on healthcare and enterprise technology, has announced the addition of Trip Hofer to its team as a Venture Partner. Hofer, an accomplished healthcare executive with over two decades of experience, brings a wealth of industry knowledge and expertise to .406. – Hofer joins .406 from Optum Behavioral Health Solutions, where he served as CEO, leading the organization to become the largest provider of mental health services in the United States. Prior to Optum, Hofer played a pivotal role in the growth and successful sale of AbleTo, a mental health pioneer and .406 portfolio company. His extensive experience also includes leadership positions at CVS Health, UnitedHealth Group, and Health Dialog, another .406 portfolio company.
.406 Ventures Investments
197 Investments
.406 Ventures has made 197 investments. Their latest investment was in Nema Health as part of their Seed VC on November 11, 2023.
.406 Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/10/2023 | Seed VC | Nema Health | $4.1M | Yes | GreyMatter Capital, Optum Ventures, and Undisclosed Angel Investors | 2 |
10/5/2023 | Series B | Diana Health | $34M | No | 2 | |
8/16/2023 | Series A | QuadSci.ai | $2.1M | Yes | 1 | |
8/15/2023 | Series A - II | |||||
8/8/2023 | Series D |
Date | 11/10/2023 | 10/5/2023 | 8/16/2023 | 8/15/2023 | 8/8/2023 |
|---|---|---|---|---|---|
Round | Seed VC | Series B | Series A | Series A - II | Series D |
Company | Nema Health | Diana Health | QuadSci.ai | ||
Amount | $4.1M | $34M | $2.1M | ||
New? | Yes | No | Yes | ||
Co-Investors | GreyMatter Capital, Optum Ventures, and Undisclosed Angel Investors | ||||
Sources | 2 | 2 | 1 |
.406 Ventures Portfolio Exits
32 Portfolio Exits
.406 Ventures has 32 portfolio exits. Their latest portfolio exit was Corvus Insurance on November 03, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/3/2023 | Acquired | 6 | |||
8/22/2023 | Acquired | 2 | |||
7/14/2023 | Acquired | 2 | |||
Date | 11/3/2023 | 8/22/2023 | 7/14/2023 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 6 | 2 | 2 |
.406 Ventures Fund History
17 Fund Histories
.406 Ventures has 17 funds, including .406 Ventures Fund V.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
4/13/2023 | .406 Ventures Fund V | $244M | 1 | ||
12/7/2020 | MinTCo | $5.4M | 1 | ||
7/22/2020 | Co-napsis | $7.55M | 1 | ||
11/20/2019 | Point 406 Ventures IV | ||||
7/27/2018 | Twelfth Inning |
Closing Date | 4/13/2023 | 12/7/2020 | 7/22/2020 | 11/20/2019 | 7/27/2018 |
|---|---|---|---|---|---|
Fund | .406 Ventures Fund V | MinTCo | Co-napsis | Point 406 Ventures IV | Twelfth Inning |
Fund Type | |||||
Status | |||||
Amount | $244M | $5.4M | $7.55M | ||
Sources | 1 | 1 | 1 |
.406 Ventures Team
5 Team Members
.406 Ventures has 5 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Lawrence P. Begley | Founder | Current | |
Name | Lawrence P. Begley | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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