Predict your next investment

Venture Capital
FINANCE | Investment Firms & Funds
brookventure.com

See what CB Insights has to offer

Investments

50

Portfolio Exits

14

Funds

5

Partners & Customers

3

About 424 Capital

424 Capital provides expansion stage capital through co-investment funds to Information Technology and Medical Technology companies located in the Northeastern United States. The firm focuses on initial investments typically under $5 million and specializes in both financing and providing the strategic and planning support necessary to rapidly scale and accelerate sales and marketing activities.

424 Capital Headquarter Location

301 Edgewater Place Suite 425

Wakefield, Massachusetts, 01880,

United States

781-295-4000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

424 Capital Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

424 Capital Rank

Latest 424 Capital News

Healthcare & Life Sciences Private Equity Deal Tracker: 424 Capital Acquires Majority of MedHQ

Feb 22, 2022

2h agoPrivate EquitythehealthcareinvestorViews: 27 424 Capital has announced it has closed a majority investment with MedHQ.MedHQ, based in Westchester, Ill., is a national provider of human resources and financial management services to healthcare providers. Founded in 2003, the company mainly supports ambulatory surgery centers and physician practices with payroll, tax, benefits, insurance, credentialing and consulting services.424 Capital, based in Wakefield, Ma., is a invests in lower middle market companies within technology and tech-enabled services. Founded in 2019, the firm typically invests between $10 million and $50 million in companies with between $5 million and $30 million in revenue.Terms of the investment were not disclosed. - Not a member yet? Breaking News 24/7/365 ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY.CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN.PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.THIS IS NOT A SOLICITATION FOR INVESTMENT.THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY.IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES.ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM.PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT. ALPHAMAVEN

424 Capital Investments

50 Investments

424 Capital has made 50 investments. Their latest investment was in Certica Solutions as part of their Unattributed - II on October 10, 2017.

CBI Logo

424 Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/27/2017

Unattributed - II

Certica Solutions

$0.07M

No

1

8/13/2015

Series A

Tricast

$3.28M

Yes

2

3/26/2015

Series C

Security Innovation

$4M

No

1

4/22/2014

Private Equity

Subscribe to see more

Subscribe to see more

10

4/15/2014

Series C

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/27/2017

8/13/2015

3/26/2015

4/22/2014

4/15/2014

Round

Unattributed - II

Series A

Series C

Private Equity

Series C

Company

Certica Solutions

Tricast

Security Innovation

Subscribe to see more

Subscribe to see more

Amount

$0.07M

$3.28M

$4M

$99M

New?

No

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

1

10

10

424 Capital Portfolio Exits

14 Portfolio Exits

424 Capital has 14 portfolio exits. Their latest portfolio exit was Mobile Medical International on May 23, 2022.

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

5/23/2022

Corporate Majority

$99M

2

3/12/2019

Shareholder Liquidity

OnBoard Security

$99M

1

9/24/2018

Acquired

$99M

1

5/11/2017

Corporate Majority

Subscribe to see more

$99M

Subscribe to see more

10

2/18/2016

Acq - Fin

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/23/2022

3/12/2019

9/24/2018

5/11/2017

2/18/2016

Exit

Corporate Majority

Shareholder Liquidity

Acquired

Corporate Majority

Acq - Fin

Companies

OnBoard Security

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

1

1

10

10

424 Capital Acquisitions

11 Acquisitions

424 Capital acquired 11 companies. Their latest acquisition was MedHQ on February 16, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/16/2022

$99M

Acq - Fin

1

8/1/2021

$99M

Acq - Fin

2

1/12/2021

Private Equity

$99M

$1M

Acq - Fin

1

12/31/2019

Debt

Subscribe to see more

$99M

$99M

Subscribe to see more

10

10/9/2018

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/16/2022

8/1/2021

1/12/2021

12/31/2019

10/9/2018

Investment Stage

Private Equity

Debt

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$1M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

Subscribe to see more

Subscribe to see more

Sources

1

2

1

10

10

424 Capital Fund History

5 Fund Histories

424 Capital has 5 funds, including Brook Partner Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/30/2012

Brook Partner Fund III

Diversified Private Equity

Open

$14M

1

11/30/2012

Brook Co-Investment II LP

Subscribe to see more

Subscribe to see more

$99M

10

12/31/2006

Brook Venture Fund II LP

Subscribe to see more

Subscribe to see more

$99M

10

12/31/2000

Brook Venture Fund LP

Subscribe to see more

Subscribe to see more

$99M

10

12/31/2000

Brook Co-investment LP

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

11/30/2012

11/30/2012

12/31/2006

12/31/2000

12/31/2000

Fund

Brook Partner Fund III

Brook Co-Investment II LP

Brook Venture Fund II LP

Brook Venture Fund LP

Brook Co-investment LP

Fund Type

Diversified Private Equity

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Open

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$14M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

424 Capital Partners & Customers

3 Partners and customers

424 Capital has 3 strategic partners and customers. 424 Capital recently partnered with Cole Information Services on February 2, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

2/7/2017

Partner

United States

Petsky Prunier Advises Cole Information Services on its Sale to Brook Venture Partners

We are excited about our partnership with Brook Venture Partners , as we continue to scale Cole 's offerings , '' said Jim Eggleston , CEO of Cole Information Services .

1

5/7/2008

Partner

United States

Subscribe to see more

Subscribe to see more

10

11/6/2007

Partner

United States

Subscribe to see more

Subscribe to see more

10

Date

2/7/2017

5/7/2008

11/6/2007

Type

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

News Snippet

Petsky Prunier Advises Cole Information Services on its Sale to Brook Venture Partners

We are excited about our partnership with Brook Venture Partners , as we continue to scale Cole 's offerings , '' said Jim Eggleston , CEO of Cole Information Services .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

424 Capital Team

3 Team Members

424 Capital has 3 team members, including former General Partner, William S Ames.

Name

Work History

Title

Status

Frederic H. Morris

Founder

Current

William S Ames

General Partner

Former

Andrew D Clapp

General Partner

Former

Name

Frederic H. Morris

William S Ames

Andrew D Clapp

Work History

Title

Founder

General Partner

General Partner

Status

Current

Former

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.