Three Boston VC firms with $1.6 billion in new funds to invest

Part of the investment team at Charles River Ventures (screenshot from crv.com)
Part of the investment team at Charles River Ventures (screenshot from crv.com)

Recently I looked at the possibility that fundraising by US venture capital firms is on the rebound this year following a very slow 2013.

The surge goes hand-in-hand with the heating up of the tech and biotech industries in the US — which have seen an uptick in massive deals and valuations (in tech) and a seemingly unending string of IPOs (in biotech).

Three Boston VC firms are helping to prove my point about a venture rebound. Each has closed a significant new fund in the past few months (which collectively total $1.6 billion); for all three firms, the new fund follows a relatively recent previous fundraise.

While all of the firms do plenty of investing outside Boston, they’re also active here, meaning that some of this new money will no doubt end up fueling the growth of the region’s up-and-coming startups.

Here are the details on the Boston VC firms with new funds to invest.

Spark Capital

  • Raised $375 million for a new growth fund in late May, a little more than a year after raising a $450 million fund.
  • Focus: Consumer Internet and mobile investments.
  • Stage: The growth fund is focused on later-stage companies looking to scale, in contrast to the company’s previous fund, focused on early-stage investing.
  • Boston investments include Wayfair, Superpedestrian, Jana, Quantopian, and Consumer United.

Bain Capital Ventures

  • Raised $850 million in new funds in mid-June, two-and-a-half years after raising a $600 million fund.
  • Focus: Business services, consumer, health care, Internet and mobile, and software.
  • Stage: All stages, from seed to late-stage growth equity.
  • Boston investments include Rapid7, EverTrue, VMTurbo, and ZeroTurnaround.

Charles River Ventures

  • Raised $393 million for its 16th fund this week, following a $375 million fund in early 2012.
  • Focus: Technology across consumer, enterprise, and small-to-medium sized businesses.
  • Stage: Series A investing is the focus, though seed and Series B are also part of the mix.
  • Boston investments include Rethink Robotics, SimpliVity, Fiksu, HubSpot, and GrabCAD.

Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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