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| Type | Private ownership |
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| Predecessor | Burr, Egan, Deleage & Co. |
| Founded | 1996 |
| Founder(s) | Jon Flint, |
| Headquarters |  Waltham, Massachusetts |
| Industry | Private equity |
| Products | Venture capital |
| Total assets | $3 billion |
| Employees | 35+[1] |
| Website | www.polarisventures.com |
Polaris Venture Partners is a venture capital firm specializing in seed and early stage investments particularly in companies engaged in the information technology and life sciences sectors.
Polaris is based in Waltham, Massachusetts with an additional office in Seattle, Washington. The firm has over $3 billion under management and current investments in more than 90 companies. Polaris has over 35 employees.[1]
Polaris highlights its executive recruiting program, managed by a dedicated team of experienced executive recruiters on staff as one of the firm's differentiating factor.
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History
Polaris Venture Partners was founded in 1995/1996 by Jon Flint,
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Early History |
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Polaris was the first of four successors to Burr, Egan, Deleage & Co. (BEDCO), one of the earliest bi-coastal venture capital firms in the US, which dissolved in 1996. One of the contributing factors in the dissolution was the departure of three of the three founders of Polaris. The three founders, left BEDCO in 1995 and began raising their first independent venture capital fund.
Among, its investments are Advanced Inhalation Research, Akamai Technologies, Allaire Corporation, Alnylam Pharmaceuticals, American Superconductor, Aspect Medical Systems, Avici, Berkeley Systems, Centra Software, Classifieds 2000, Conductus, deCODE genetics, Exchange.com, Heavy.com, Jibjab, Mariner Health Group, Matrics, Momenta Pharmaceuticals, Paradigm Genetics, Powersoft, PSCI, SolidWorks and Watermark Software.[1]
Investment funds
Since 1995, Polaris has raised five venture capital funds with over $2.6 billion of investor commitments. To date, all of the Polaris funds have been above average performers for their respective vintage years. Polaris Venture Partners V, which was closed in 2006, raised $1 billion of investor commitments.
- 1996 - $80m - Polaris Venture Partners
- 1998 - $175m - Polaris Venture Partners II
- 2000 - $470m - Polaris Venture Partners III
- 2002 - $900m - Polaris Venture Partners IV
- 2006 - $1000m - Polaris Venture Partners V
See also
References
- A Generation Gap in Venture Capital
- Gupta, Udayan. Done Deals: Venture Capitalists Tell Their Stories, 2000
- Venture-Capital Firms Prepare for Next Generation of Partners
- "The Thrill of Defeat". The Boston Globe, February 2001
- Cocktails & Conversation with Bill Egan, Alta Communications. Wharton School of Business, 2006.
External links
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