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.
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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.
But one thing that hasn’t changed is Glenn KnicKrehm’s empty gravel lot in the heart of the square. The precious acre of property is still surrounded by chain-link fence, and KnicKrehm is still spinning his vision of building a $300 million arts and culture complex called the Constellation Center. Read more in my latest Innovation Economy column in The Boston Globe.
Techstars Ventures, based in Boulder, recently announced it raised $150 million for its third fund, which it will use to invest in companies that are part the Techstars ecosystem, but beyond the seed stage. According to Techstars co-founder David Cohen, that community of potential portfolio companies includes Techstars graduates, companies founded by Techstars alums, and those started by entrepreneurs who have served as mentors for the program. Read MoreDeja vu all over againDriftt, out to improve collaboration on documents, collects $15 million
One of Boston's highest-profile robotics companies announced in a federal filing this week that it has collected almost $27 million in fresh funding. Rethink Robotics sells a two-armed robot called Baxter that can be easily trained to perform a variety of tasks. Rethink's founder is Rodney Brooks, the former MIT professor who co-founded iRobot Corp., and one of its earliest backers was Amazon.com CEO Jeff Bezos.
The Startup Institute hosted an event on Tuesday called Amazing Women, Honest Conversations, with Diane Hessan, the career accelerator's dynamic new chief executive serving as moderator for the evening. Meredith Davies, a Startup Institute student in the "Web Development" track came up with the idea — a way to let women leaders in high-growth companies talk about the challenges and opportunities they face. Read MoreAdding ExperienceData Point Capital adds iRobot founder Colin Angle as special adviser