Flybridge Capital Partners

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Flybridge Capital Partners
Private
Industry Venture capital
Founded 2001
Headquarters Boston, Massachusetts
Website www.flybridge.com

Flybridge Capital Partners is an early stage venture capital firm with offices in Boston and New York City.

History[edit]

In 2001, Flybridge Capital was founded under the name IDG Ventures Boston, an international venture investment branch of the International Data Group (IDG). In 2008, the company renamed itself Flybridge Capital Partners after announcing its third fund, for $560 million in assets under management. IDG was no longer the lead investor, while Princeton University became a limited partner.[1] The general partners in 2008 David Aronoff, Jeff Bussgang, Michael Greeley, Chip Hazard and Jon Karlen.[2]

Flybridge invested in healthcare, information technology, and consumer companies.[3]

Flybridge Capital Partners sponsors a student scholarship program for Massachusetts college students to foster entrepreneurship in the local business community, called Stay in MA.[4] It was started in 2008.[5] It raised about $200 million for a third fund (second under the new name) in 2012, and about $125 million for a fourth fund in 2014.[6][7]

Greeley left the firm in 2013,[8] and Karlen left in 2014.[9] Jesse Middleton, previously a founding team member of WeWork, became a general partner in 2016, based in New York City.[10]

References[edit]

  1. ^ Matt Marshall (March 17, 2008). "IDG Ventures Boston changes its name to Flybridge Capital — and raises $280M". Venture Beat. Retrieved March 27, 2017. 
  2. ^ Wade Roush (March 17, 2008). "IDG Ventures Boston is Now Flybridge Capital Partners; Clearing Up "Brand Confusion". Xconomy. Retrieved March 27, 2017. 
  3. ^ "Flybridge Capital Partners: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-03-27. 
  4. ^ "About the Program". Stay in MA web site. Retrieved March 27, 2017. 
  5. ^ "Flybridge launches "Stay in Ma" program". The Boston Globe. December 16, 2008. Archived from the original on December 19, 2008. Retrieved March 27, 2017. 
  6. ^ Dan Primack (February 7, 2012). "Flybridge Capital raising new fund". Fortune. Retrieved March 27, 2017. 
  7. ^ Dan Primack (March 20, 2014). "Flybridge sets sights on fourth venture fund". Fortune. Retrieved March 27, 2017. 
  8. ^ Gregory T. Huang (October 25, 2013). "From Flybridge to Foundation: Michael Greeley Talks VC Transition". Xconomy. Retrieved March 27, 2017. 
  9. ^ Dan Primack (December 14, 2015). "Jon Karlen Leaves VC Firm Accomplice". Fortune. Retrieved March 27, 2017. 
  10. ^ Lara Kolodny (June 20, 2016). "Flybridge adds a General Partner in NYC, WeWork Labs cofounder Jesse Middleton". Tech Crunch. Retrieved March 27, 2017.