Venture Capital

63 stories

The Newbury Street venture capital firm Third Rock Ventures has a track record of incubating and funding successful biotech companies like Foundation Medicine, Sage Therapeutics, and Agios. But now it is looking to give its startups a leg up in the Cambridge real estate market, by renting a big chunk of laboratory space. Several real estate industry sources say Third Rock is sniffing around former Vertex Pharmaceuticals digs on Sidney Street, near MIT.More →

The last big wave of venture investment in clean-tech startups has long since crashed and rolled back. But if you’re making software instead of something produced by a factory, private investors are still willing to open up the checkbook.

That’s certainly the case for FirstFuel Software, a developer of data analysis software for electric utilities. The Lexington, Mass.-based company says today that it’s raised another $23 million in venture capital, in part to help bankroll an expansion in Europe.More →

Most people think of Zillow as a website where they can check out how much homes cost — their own house, their neighbors’ houses, and maybe even their dream home.

But as a business, Zillow’s primary target is actually real estate agents. The Seattle-based company makes most of its money selling online ads and other marketing services to real estate agents, who want to be seen by all of those people snooping on home prices. More →

Legendary venture capital firm Kleiner, Perkins, Caufield & Byers was cleared of any wrongdoing in last week’s sensational trial alleging gender discrimination against Ellen Pao, a former member of the firm.

But there’s no question that the venture capital world suffers from a lack of diversity — a situation that persists even though researchers at the country’s top business schools have shown it’s bad for business, which should be the bottom line for any investor.More →

If you haven’t been following the breakup of the 35-year-old venture capital firm Atlas Venture, which once invested in both tech and biotech, partner Peter Barrett sums it up this way: “In this divorce, the life sciences side kept the name, and the tech side got the house.” So Atlas’s team of tech investors is casting about for a new name, but staying in East Cambridge. And the biotech crew, still known as Atlas, just moved into new offices yesterday atop 400 Technology Square in Cambridge, midway between the Kendall and Central stations on the Red Line.More →

Seth Sivak, co-founder and CEO of venture-backed Proletariat Inc., a Cambridge-based game studio, has had a busy past month. Early in February his company closed a $6 million series A round led by Spark Capital along with FirstMark Capital and Atlas Venture  — and two weeks ago Proletariat launched its much-anticipated mobile game, World Zombination, in Apple’s App Store. But in the fast-moving global game industry, with the annual Game Developers Conference, or GDC, this week in San Francisco, there’s no rest for the weary.More →

If you last visited Kendall Square 10 years ago and returned to the Cambridge neighborhood today, you’d think Jack had sprinkled around a bushel of magic beans. New buildings have sprouted, bars and restaurants have opened, and an East Coast Google campus has been completed. You can even ice skate in the winter or rent a kayak in the summer. More →