Atlas Venture

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Atlas Venture
Private
Industry Venture Capital
Founded 1980
Founder Michiel de Haan[1]
Headquarters Cambridge, MA, United States
Products venture capital funds
AUM $3 billion
Number of employees
15
Website www.atlasventure.com
  • This article is about the life sciences venture capital firm Atlas Venture, which previously also invested in technology. For the technology team formerly at Atlas Venture, see Accomplice.

Atlas Venture is an early-stage venture capital firm that invests in life sciences startup companies in the U.S.. Atlas is headquartered in Cambridge, Massachusetts where the majority of its investments are located. [2] Atlas rolled out its eleventh biotech fund totaling $350 million in June 2017[3], after closing its tenth fund in April 2015 with $280 million in commitments[4]. The team is led by five investment partners: Kevin Bitterman, Bruce Booth, Jean-Francois Formela, David Grayzel, and Jason Rhodes.[5]

History[edit]

Atlas has invested in over 150 life sciences startups since it began investing in the sector in 1990. Atlas invests in a range of therapeutic areas, including immuno-oncology, autoimmunity/inflammation, neuroscience, gene/cell therapy and editing, and anti-infectives. The current portfolio includes gene/cell editing/therapy companies AVROBIO, Generation Bio, Intellia Therapeutics, Obsidian Therapeutics, and Unum Therapeutics;[6] oncology companies Bicycle Therapeutics, Kyn Therapeutics, Replimune, Surface Oncology and Unum Therapeutics; autoimmunity companies Nimbus Therapeutics and Padlock Therapeutics; anti-infectives company Spero Therapeutics; synthetic biology company Synlogic; RNA companies miRagen Therapeutics and Translate Bio; and CNS companies Cadent Therapeutics, Disarm Therapeutics, Navitor, and Rodin Therapeutics; and novel platform companies Accent Therapeutics, Kymera Therapeutics, Gemini Therapeutics, HotSpot Therapeutics, and Akero. Notable prior exits from Atlas’ life sciences portfolio include Actelion, Adnexus Therapeutics, Alnylam Pharmaceuticals, Annovation Biopharma, Annovation Biopharma, ArQule, Arrow Therapeutics, Arteaus Therapeutics, Avila Therapeutics, CoStim Pharmaceuticals, Crucell, deCODE genetics, Delinia, Exelixis, IFM Therapeutics Inc., Micromet, Momenta Pharmaceuticals, MorphoSys, Nimbus Apollo, Novexel, Padlock Therapeutics, Stromedix, and U3 Pharma.[7]

Originally formed in 1980, Atlas historically invested in both life sciences and information technology startup companies. In October 2014, Atlas announced its shift to a biotech-only venture capital firm, with the technology-focused investment team forming a new firm, Accomplice, to continue investing in information technology startups.[8][9] Previously as a diversified firm, Atlas had raised over $3.0 billion of investor commitments across 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, $283 million for its 2009-vintage eighth fund, and $265 million for its 2013-vintage ninth fund.[10][11] At its largest, the firm held European offices in London, Paris and Munich[12], and a West Coast office based in Seattle, Washington, in addition to the Boston-area headquarters. Today, the firm operates from a single office in Cambridge, Massachusetts. [13][14]

In 2017, Atlas Venture announced it had raised $350 million in capital to invest in early stage biotech companies in the U.S. and around the world.[15]

References[edit]

  1. ^ "Atlas History - Atlas Venture". Atlas Venture. Retrieved 2017-10-25. 
  2. ^ Exclusive: Atlas Venture is splitting up. Fortune, October 2, 2014
  3. ^ Atlas rolls out its XI biotech fund, with $350M up for grabs. FierceBiotech, Jun 29, 2017
  4. ^ Keshavan, Meghana (April 17, 2015). "With new $280M fund, Atlas Venture cuts the IT and "right-sizes" to biotech". MedCityNews. 
  5. ^ "Atlas Team - Atlas Venture". Atlas Venture. Retrieved 2016-03-15. 
  6. ^ House, Douglas W. (29 April 2016). "Intellia Therapeutics on deck for IPO". Seeking Alpha. Retrieved 1 May 2016. 
  7. ^ "Portfolio - Atlas Venture". Atlas Venture. Retrieved 2016-03-15. 
  8. ^ "Atlas Venture: The Next Chapter - LifeSciVC". Life Sci VC. October 2, 2014. 
  9. ^ Huang, Gregory T. (June 29, 2015). "FKA Atlas Has a New Name: Accomplice". Xconomy. 
  10. ^ Atlas Venture Closes New Fund with $283M, Does the Staffing Shuffle. XConomy, January 2009
  11. ^ Atlas Venture aims for new $500M fund. Mass High Tech, November 6, 2008
  12. ^ Changes in the Atlas Venture partnership. Fortune, April 8, 2014
  13. ^ Atlas Venture ups sticks to Boston. Tech Crunch Europe, January 19, 2010
  14. ^ Atlas Brings Its European Ops Back to Boston. New York Times DealBook, January 20, 2010
  15. ^ "Atlas Venture Unveils New $350M Fund for Seed Biotech Investments | Xconomy". Xconomy. 2017-06-29. Retrieved 2017-07-26. 

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