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FINANCIAL | Investment Firms & Funds
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Investments

184

Portfolio Exits

76

Funds

68

Partners & Customers

5

About HarbourVest Partners

HarbourVest is a global private equity investment firm. The firm participates in investment opportunities in the U.S., Europe, Asia Pacific, and emerging markets.

HarbourVest Partners Headquarter Location

One Financial Center 44th Floor

Boston, Massachusetts, 02111,

United States

617-348-3707

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Latest HarbourVest Partners News

Inovia Announces Closing of $334M Continuation Vehicle Transaction to Support Growth of High-Performing Portfolio Companies

Oct 15, 2021

The fund's investors are BlackRock, HarbourVest Partners, Northleaf Capital Partners, Hollyport Capital and Kensington Capital Partners. MONTREAL, October 14, 2021-- Inovia Capital, a multi-stage venture capital firm building global tech champions, announced today the close of Inovia Continuity Fund I, L.P., its first multi-asset continuation vehicle in the order of US$334M. Inovia welcomes new Limited Partner, BlackRock's Secondaries and Liquidity Solutions group ("BlackRock"), and existing investor HarbourVest Partners as co-leads of the fund. Additionally, long-standing investor Northleaf Capital Partners joins Hollyport Capital and Kensington Capital Partners as participants in the fund. The closing of the fund brings Inovia's total capital under management to over US$1.9B. "We are pleased to partner with Inovia on this multi-asset continuation fund," said Veena Isaac, Managing Director of BlackRock's Secondaries and Liquidity Solutions team. "We have been impressed by the quality and strength of the assets, and Inovia's active role in supporting their growth." The launch of this new fund provides Inovia with the necessary capital to acquire partial and full interest in high-performing portfolio companies from its vintage venture funds. This continuation vehicle further supports the growth of these companies over the coming years and bridges the gap between the time horizon of funds and the time horizon of building global companies. "Inovia has been a proven partner over many years for HarbourVest and we are excited to expand our relationship with them through this investment," said Mike Pugatch, Managing Director, HarbourVest Partners. "General Partners are increasingly looking for solutions that allow them to offer a liquidity option to their investors as they seek to extend the life of their investments, and we are pleased to have brought our long-standing expertise in the secondary market to bear in structuring this continuation fund with Inovia." "Northleaf is excited to deepen our partnership with Inovia and bring our secondaries expertise to support the launch of this innovative fund which strengthens the position of Inovia as a leading, multi-stage, technology investment firm." said Ian Carew, Managing Director and Venture Partner at Northleaf Capital Partners. The new fund will support nine high-performing portfolio companies from different Inovia funds: Bench Accounting, Clearco, Top Hat, TrackTik, TripleLift, Vidyard, as well as AlayaCare, AppDirect, and Snapcommerce which are also Inovia Growth Fund I, L.P portfolio companies' co-investments. "At Clearco, we know that becoming ubiquitous requires us to become long-term, trusted partners to founders. Inovia has the same philosophy," said Andrew D'Souza, Co-Founder and CEO of Clearco. "Inovia has been a trusted partner of ours from the beginning, and they've supported our growth. The Inovia Continuity Fund allows us to extend that partnership as we scale our company." This first continuation fund is an important milestone for Inovia, broadening its reach and furthering its strategy to build global, sustainable tech companies. "With Inovia Continuity Fund I, we are equipping ourselves to support companies beyond the traditional venture capital cycle," said Chris Arsenault, Partner at Inovia Capital. "This is part of the firm's roadmap to support entrepreneurs from seed to IPO and beyond." About Inovia Capital Inovia Capital is a multi-stage venture capital firm that partners up with audacious founders ready to build sustainable global technology companies. Inovia supports founders with dedicated, long-term mentorship, a global talent network and strategic guidance for global scale. Inovia Capital manages over US$1.9B across early and growth-stage funds and holds offices in Montreal, Toronto, Calgary, San Francisco and London. For more information, visit inovia.vc.

HarbourVest Partners Investments

184 Investments

HarbourVest Partners has made 184 investments. Their latest investment was in Social Asset Management as part of their Series A on September 9, 2021.

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HarbourVest Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2021

Series A

Social Asset Management

$10.58M

Yes

2

9/22/2021

Series C

Centivo

$51M

No

1

9/9/2021

Series E

Varo Bank

$510M

No

3

6/25/2021

Series A

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$99M

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10

5/26/2021

Series B

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$99M

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10

Date

9/29/2021

9/22/2021

9/9/2021

6/25/2021

5/26/2021

Round

Series A

Series C

Series E

Series A

Series B

Company

Social Asset Management

Centivo

Varo Bank

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Amount

$10.58M

$51M

$510M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

1

3

10

10

HarbourVest Partners Portfolio Exits

76 Portfolio Exits

HarbourVest Partners has 76 portfolio exits. Their latest portfolio exit was FiveStars on October 14, 2021.

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

10/14/2021

Acquired

$991

17

7/23/2021

IPO

$991

2

6/10/2021

IPO

$991

4

00/00/0000

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$991

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10

00/00/0000

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10

Date

10/14/2021

7/23/2021

6/10/2021

00/00/0000

00/00/0000

Exit

Acquired

IPO

IPO

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

17

2

4

10

10

HarbourVest Partners Acquisitions

16 Acquisitions

HarbourVest Partners acquired 16 companies. Their latest acquisition was CustomInk on May 04, 2019.

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

5/4/2019

Shareholder Liquidity

$40.08M

Acq - Fin

3

10/18/2017

Management Buyout

2

10/27/2016

Acq - Fin

Acq - Fin

3

1/7/2014

Unattributed VC

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$99M

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10

10/25/2012

Acq - Fin

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$991

$99M

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10

Date

5/4/2019

10/18/2017

10/27/2016

1/7/2014

10/25/2012

Investment Stage

Shareholder Liquidity

Acq - Fin

Unattributed VC

Acq - Fin

Companies

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Valuation

$991

Total Funding

$40.08M

$99M

$99M

Note

Acq - Fin

Management Buyout

Acq - Fin

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Sources

3

2

3

10

10

HarbourVest Partners Fund History

68 Fund Histories

HarbourVest Partners has 68 funds, including HarbourVest Direct Lending Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/23/2021

HarbourVest Direct Lending Fund

$892M

1

5/28/2021

HarbourVest Credit Opportunities Fund II

$833M

2

12/31/2020

HarbourVest Real Assets Fund IV

$456M

3

12/15/2020

Secondary Overflow Fund IV

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$99M

10

10/6/2020

Dover Street X AIF

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$99M

10

Closing Date

9/23/2021

5/28/2021

12/31/2020

12/15/2020

10/6/2020

Fund

HarbourVest Direct Lending Fund

HarbourVest Credit Opportunities Fund II

HarbourVest Real Assets Fund IV

Secondary Overflow Fund IV

Dover Street X AIF

Fund Type

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Status

Amount

$892M

$833M

$456M

$99M

$99M

Sources

1

2

3

10

10

HarbourVest Partners Partners & Customers

5 Partners and customers

HarbourVest Partners has 5 strategic partners and customers. HarbourVest Partners recently partnered with Vanguard Group on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/19/2021

Partner

Vanguard Group

United States

09:30 ET Vanguard to Broaden Private Equity Access to Qualified Individual Investors

`` Our partnership with Vanguard combines HarbourVest Partners , LLC 's industry expertise with Vanguard 's scale and deep client relationships , and highlights the strength in bringing together two client-centric cultures to deliver a diversified private markets solution . ''

1

2/5/2020

Partner

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10

5/28/2019

Partner

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10

12/31/2012

Partner

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10

Partner

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10

Date

5/19/2021

2/5/2020

5/28/2019

12/31/2012

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Vanguard Group

Country

United States

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News Snippet

09:30 ET Vanguard to Broaden Private Equity Access to Qualified Individual Investors

`` Our partnership with Vanguard combines HarbourVest Partners , LLC 's industry expertise with Vanguard 's scale and deep client relationships , and highlights the strength in bringing together two client-centric cultures to deliver a diversified private markets solution . ''

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Sources

1

10

10

10

10

HarbourVest Partners Team

4 Team Members

HarbourVest Partners has 4 team members, including current Managing Director, Craig Fowler.

Name

Work History

Title

Status

Craig Fowler

Managing Director

Current

Ofer Nemirovsky

Managing Director

Current

Rob Wadsworth

Managing Director

Current

Alex A. Rogers

Managing Director

Former

Name

Craig Fowler

Ofer Nemirovsky

Rob Wadsworth

Alex A. Rogers

Work History

Title

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Former

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