Atlas Venture

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Atlas Venture
Type Private
Industry Venture Capital
Founded 1980
Headquarters Cambridge, MA, United States
Products venture capital funds
Total assets $3 billion
Employees 30
Website www.atlasventure.com

Atlas Venture is an early-stage venture capital firm that invests in technology and life sciences startup companies in both the U.S. and Europe. Atlas is headquartered in Cambridge, Massachusetts.

Since its inception in 1980, Atlas has invested in over 350 companies in more than 16 different countries. Among the firm's most notable exits are Isilon Systems, Trading Dynamics, Actelion, Novexel, OnDisplay, Omnia, Phase Forward, Adnexus, Element 14, Momenta, SolidWorks, Spotfire, Castle Networks, and DailyMotion. A sample of current investments include CustomMade, Dataxu, Globoforce, Hopper, Jenavalve, Mojo Motors, Inc., Nimbus Discovery, Skillz, sqrrl, Veracode, Zafgen and Zoopla.

The firm has raised over $3.0 billion of investor commitments across its nine venture capital funds. The firm raised $705 million for its 2000-vintage fifth fund, $600 million for its 2001-vintage sixth fund, $385 million for its 2006-vintage seventh fund, and $283 million for its 2009-vintage eighth fund. [1][2][3]The firm is currently investing from its ninth fund which closed in early 2013 with $265 million of capital. [4][5]

In 2009, Atlas significantly consolidated its investment operations and has been a proponent of the lean start-up approach in biotech. Partners Bruce Booth and Fred Destin both have blogs that have attracted a big following in their respective communities. At its largest, the firm had offices on the West Coast as well as in Europe. Today, the firm operates from a single office in Cambridge, Massachusetts. [6][7]

References[edit]

  1. ^ Source: Preqin
  2. ^ Atlas Venture Closes New Fund with $283M, Does the Staffing Shuffle. XConomy, January 2009
  3. ^ Atlas Venture aims for new $500M fund. Mass High Tech, November 6, 2008
  4. ^ Atlas Venture Raises Ninth Fund. Fortune, May 2013
  5. ^ Atlas Venture leads VCs in investing in local start ups. Boston Business Journal, May 17, 2013
  6. ^ Atlas Venture ups sticks to Boston. Tech Crunch Europe, January 19, 2010
  7. ^ Atlas Brings Its European Ops Back to Boston. New York Times DealBook, January 20, 2010

External links[edit]