Predict your next investment

Venture Capital
mcventurepartners.com

See what CB Insights has to offer

Investments

50

Portfolio Exits

21

Funds

1

About M/C Venture Partners

M/C Venture Partners, founded in 1986 and based in Boston, Massachussetts, is a stage agnostic private equity and venture capital firm which makes early stage, mid stage, later stage, turnarounds, and buyouts financing investments in emerging companies in communications, technology, and media. Geographically, the firm seeks to invest in companies based in Europe and Canada and prefers to make equity investments between $5 and $50 million. Generally, M/C Ventures is the first institutional investor in its portfolio companies and so generally prefers to lead investment rounds and also take a board position on portfolio companies. The firm was formerly known as Chestnut Street Partners.

M/C Venture Partners Headquarter Location

75 State Street Suite 2500

Boston, Massachusetts, 02109,

United States

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.

Latest M/C Venture Partners News

Goldman Sachs picked to lead sale of GTS Central Europe

Jun 5, 2013

5 Jun 2013 Slovakia TMT Finance reports that Goldman Sachs has been selected by the shareholders of GTS Central Europe, a group which specialises in the delivery of enterprise and wholesale telecommunications business in central and eastern Europe, to explore the possible sale of the company. It is understood that under the plan, the global investment banking and securities firm will ‘assess appetite for buyers and review a range of options including a complete sale’ for GTS’s shareholders, which comprise a private equity consortium of: Columbia Capital, M/C Venture Partners, Innova Capital, HarbourVest Partners, Oak Investment Partners and Bessemer Venture Partners. One unnamed source is quoted as saying: ‘The company has been looking at a straight sale to gauge appetite from prospective buyers, but it’s my understanding that other options are also being put on the table, such as a refinance, a restructure, or a partial sale of the company.’ Last month, TeleGeography’s CommsUpdate reported that as part of a wider strategy to boost its position in eastern Europe, German telecoms giant Deutsche Telekom (DT) was looking at two potential acquisitions – one of which is Warsaw-based GTS Central Europe. At the time a speculative valuation of EUR600 million (USD776 million) was placed on GTS, which owns and operates a fibre-optic and data-centre network throughout central and eastern Europe, including Hungary, the Czech Republic, Poland, Romania and Slovakia. It offers voice and data services across these geographies; assets include a 26,000km fibre network, 15,000 on-net buildings and 14 data centres. Since 2005 the group has been consolidating its footprint in the region, snapping up a number of smaller telecoms providers including: Aliatel, Contactel and Sitel (all Czech Republic); Telenor/Nextra, Quadia and Dial Telecom (all Slovakia-based), Interware in Hungary, Romanian group Donation and Energis Poland. GTS Central Europe’s owners are targeting a deal equivalent to six times EBITDA which, based on its FY 2012 figures, equates to EUR618 million – broadly in line with market expectations.

M/C Venture Partners Investments

50 Investments

M/C Venture Partners has made 50 investments. Their latest investment was in Airband Communications as part of their Series F - II on April 4, 2012.

CBI Logo

M/C Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/19/2012

Series F - II

Airband Communications

$1M

No

8/9/2010

Series E - II

Airband Communications

$4.65M

No

4/23/2010

Series E

Airband Communications

$3.68M

No

12/25/2009

Debt - II

Subscribe to see more

$99M

Subscribe to see more

0

2/20/2009

Series D

Subscribe to see more

$99M

Subscribe to see more

0

Date

4/19/2012

8/9/2010

4/23/2010

12/25/2009

2/20/2009

Round

Series F - II

Series E - II

Series E

Debt - II

Series D

Company

Airband Communications

Airband Communications

Airband Communications

Subscribe to see more

Subscribe to see more

Amount

$1M

$4.65M

$3.68M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

0

0

M/C Venture Partners Portfolio Exits

21 Portfolio Exits

M/C Venture Partners has 21 portfolio exits. Their latest portfolio exit was Benestra on May 27, 2016.

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

5/27/2016

Acquired

$99M

1

1/12/2016

Acquired

$99M

1

10/17/2014

IPO

$99M

Public

2

11/11/2013

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

8/5/2013

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/27/2016

1/12/2016

10/17/2014

11/11/2013

8/5/2013

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

1

1

2

10

10

M/C Venture Partners Acquisitions

7 Acquisitions

M/C Venture Partners acquired 7 companies. Their latest acquisition was Benestra on June 06, 2008.

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

6/6/2008

$99M

Acq - Fin

1

6/5/2008

Subscribe to see more

$99M

Subscribe to see more

10

8/13/2007

Private Equity

Subscribe to see more

$99M

$99M

Subscribe to see more

0

6/15/2007

Subscribe to see more

$99M

Subscribe to see more

0

5/10/2006

Series A

Subscribe to see more

$99M

$99M

Subscribe to see more

0

Date

6/6/2008

6/5/2008

8/13/2007

6/15/2007

5/10/2006

Investment Stage

Private Equity

Series A

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

0

0

0

M/C Venture Partners Fund History

1 Fund History

M/C Venture Partners has 1 fund, including M/C Partners VII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2013

M/C Partners VII

$176M

1

Closing Date

12/31/2013

Fund

M/C Partners VII

Fund Type

Status

Amount

$176M

Sources

1

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.