Flybridge Capital Partners

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Flybridge Capital Partners is a venture capital firm with offices in Boston and New York City focused on seed and early-stage venture capital investments. With $560 million under management across three funds, the firm invests in seed and early stage technology companies.

Flybridge’s current general partners are David Aronoff, Jeff Bussgang, and Chip Hazard.[1]

History

The firm was founded in 2001 as IDG Ventures Atlantic with a $100 million first fund, which was funded by IT media firm International Data Group (IDG). Subsequent to its first fund, the firm raised a $180 million second fund in 2005 where it brought in additional investors outside of IDG. In 2008, the firm closed a third $280 million fund and renamed itself Flybridge Capital Partners to better reflect its position as a firm with a broad investor base and diverse sector focus.[2]

Investment funds and investments

Flybridge has $560 million under management. The firm is typically the first institutional investor in the companies it backs, and focuses on capital efficient seed and early-stage companies seeking capital to fuel growth and expand operations.

Investment Funds

Since inception, the firm has raised three venture capital funds with combined investor commitments of $560 million.

  • 2001 — IDG Ventures Atlantic I LP, $100 million
  • 2005 — IDG Ventures Atlantic II LP, $180 million [3]
  • 2008 — Flybridge Capital Partners III LP, $280 million [4]

Investments

Flybridge Capital Partners has invested in more than 85 companies to date including: Bettercloud, BitSight, Brontes Technologies (acquired by 3M), BzzAgent (acquired by Tesco), Cartera Commerce, CHiL Semiconductor (acquired by International Rectifier), Codecademy, Crashlytics (acquired by Twitter), DataXu, Digital Lumens, Firebase (acquired by Google), Jibo, MongoDB, Nasuni, Open English, Reveal Imaging (acquired by Science Applications International Corporation), Stackdriver (acquired by Google), Transpera (acquired by Tremor Video), Valore, ZestFinance, and ZING (acquired by Dell).

Flybridge focuses on certain sectors where the firm has invested previously or has other experience. Among these sectors are:

  • Consumer Infrastructure
  • Tech-enabled Business Services
  • Enterprise IT
  • Mobile

Stay in MA Program

In January 2009, Flybridge Capital Partners launched Stay in MA, a student scholarship program for Massachusetts-based college students to foster entrepreneurship and innovation between students and the local business community.[5] Stay in MA provides financial assistance to students interested in joining or attending the events of technology and business organizations in the region.

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ IDG Ventures Boston is Now Flybridge Capital Partners. Xconomy, 3/17/2008
  3. ↑ IDG Ventures plans investment of $180 million fund. Mass High Tech, 5/9/2005
  4. ↑ IDG Ventures Boston changes its name to Flybridge Capital — and raises $280M. Venture Beat, 3/17/2008
  5. ↑ Flybridge launches "Stay in Ma" program. The Boston Globe, 12/16/2008

External links


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