ATV Announces Four New Investments, Moves East Coast Office to Boston
Aquion, Cedexis, Second Genome, Verastem Join ATV Portfolio
(firmenpresse) - WALTHAM, MA and PALO ALTO, CA -- (Marketwire) -- 09/12/11 -- Advanced Technology Ventures (ATV) today announced that it has made investments in four emerging companies spanning all three technology sectors in which ATV actively invests -- IT, healthcare, and energy. The firm also announced plans to move its East Coast headquarters to Boston's Back Bay.
The new companies joining the ATV portfolio include Aquion, a developer of revolutionary battery and energy storage systems, which last week announced that it had received $30 million in VC funding; Cedexis, a leader in community-based cloud performance monitoring and optimization; Second Genome, which is committed to improving the quality of human health through microbiome-based personalized medicine; and Verastem, a company translating breakthrough discoveries in stem cell research into new medicines for the treatment of major cancers such as breast cancer.
"Our team has been very active over the past several months working with our existing portfolio, as well as the entrepreneurial teams of these new emerging companies, all of which are developing disruptive technology solutions to address significant unmet needs within their respective sectors," said Bob Hower, ATV General Partner.
Currently based in Waltham, MA and Palo Alto, CA, ATV has signed a lease for office space at 500 Boylston Street in Boston's Back Bay, enabling the firm to be closer to the region's leading universities, labs, and growing biotech industry. Beginning next month, the new office will house ATV's East Coast investment team, as well as its financial, legal and administrative operations.
About ATV
ATV is a bi-coastal venture capital firm with more than $1.6 billion in capital under management. The firm partners with entrepreneurial teams to build great companies that lead technology markets in IT, healthcare and energy. Visit us on the web at , or on Twitter at ATVcapital.
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Datum: 12.09.2011 - 16:33 Uhr
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News-ID 64933
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WALTHAM, MA and PALO ALTO, CA
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Venture Capital
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