North Bridge Venture Partners

10 stories
Breakfast with some of Boston's most active venture capitalists
Photo via <a href="">The Boston Globe</a>
In mid-April, TechBreakfast — a monthly opportunity for entrepreneurs, business owners, and investors to gather in an informal environment — is hosting its largest Boston-area event with its first local Ask a VC breakfast at Microsoft NERD in Cambridge. Read More
PayPal strikes again
Newton-based Paydiant acquired by PayPal for $300 million
On its way to being spun out as a standalone company, PayPal made a big move locally Monday, acquiring Newton-based mobile payments software company Paydiant. The acquisition comes a few weeks after PayPal laid off workers at its Boston office and ended support for its local startup incubator Start Tank. Read More
A big data supergroup
Netezza veterans reunite for Cazena, focused on shifting data warehouses to the cloud
Cazena CEO Prat Moghe, previously a senior vice president of Netezza, a data warehousing company acquired by IBM. Courtesy of Cazena.
A Waltham startup is coming out of stealth mode today, with $8 million in funding. Cazena reunites several veterans of Netezza, a data warehousing startup that went public and then was acquired by IBM for $1.7 billion four years ago. The deal is unusual in that it's the first time California-based Andreessen Horowitz — the venture capital firm co-founded by the fellow who brought you the Netscape browser — has participated in a Series A round of funding for a startup here in Massachusetts. Andreessen Horowitz is investing alongside North Bridge Venture Partners, the Waltham VC firm. Read More
VC Exodus Continues
North Bridge Venture Partners to leave Waltham for Boston or Cambridge this year
Michael Skok, general partner at North Bridge Venture Partners (Photo courtesy of North Bridge)
One of the few remaining major venture capital firms located in the Boston suburbs isn’t planning to stay there for long. North Bridge Venture Partners, based in Waltham, is planning to move to Boston or Cambridge some time later this year, said general partner Michael Skok. Read More
Billion-dollar club
Actifio raises $100 million, valuing company at $1 billion
Actifio founder and chief executive Ash Ashutosh (courtesy of company)
Data storage technology firm Actifio has raised $100 million in new funding, one of the largest investment deals for a privately held Boston tech firm in recent years. The round valued the Waltham company at $1.1 billion, higher than a number of publicly traded tech firms in the Boston area, including Brightcove (BCOV), Constant Contact (CTCT), and (CRCM).* Read More