| Type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 1980 |
| Headquarters | Waltham, MA, United States |
| Products | private equity funds |
| Total assets | $2 billion |
| Employees | 17+ |
| Website | www.atlasventure.com |
Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. From the late 1990s through the mid-2000s the firm was leading investor in startup companies in both the U.S. and Europe. Atlas is headquartered in Cambridge, Massachusetts.
Since its inception in 1980, Atlas has invested in over 350 companies in more than 16 different countries. Among the firm's most notable investments are DailyMotion, eGroups, Business Objects, DisplayLink, Gotuit, Grockit, Helicos Biosciences, Icera, Marathon Technologies, Moreover Technologies, Phase Forward, PicoChip, Ready2shop.com, Seatwave, Signature BioScience, Vermeer Technologies and Zoopla.
The firm has raised over $2.8 billion of investor commitments across its eight venture capital funds. After growing steadily in the 1990s, the firm raised $750 million for its 2000-vintage fifth fund. Following the collapse of the dot-com bubble, the firm found it difficult to raise similar pools of capital raising $600 million and $385 million for its sixth and seventh funds in 2001 and 2006 respectively.[1] The firm is currently investing from its eighth fund which closed in early 2009 with $283 million of capital.[2] This was significantly less than Atlas had indicated it would target for its fundraising.[3]
As a result of the firm's smaller fund sizes, Atlas has significantly consolidated its investment operations. At its peak, the firm had offices on the West Coast as well as in Europe. Today, the firm operates from a single office in Cambridge, Massachusetts. [4][5]
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