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Atlas Venture

From Wikipedia, the free encyclopedia
Atlas Venture
Company typePrivate
IndustryVenture Capital
Founded1980
FounderMichiel de Haan[1]
HeadquartersCambridge, Massachusetts, U.S.
Key people
Kevin Bitterman
Bruce Booth
Jean-Francois Formela
Michael Gladstone
David Grayzel
Jason Rhodes[2]
Productsventure capital funds
AUM$2.2 billion
Number of employees
29
Websitewww.atlasventure.com

Atlas Venture is an early-stage venture capital firm that creates and invests in biotechnology startup companies in the U.S. Atlas is headquartered in Cambridge, Massachusetts, where the majority of its investments are located.[3] Atlas raised its thirteenth fund totaling $450 million in March 2022,[4] after raising its Opportunity Fund II totaling $300 million in September 2021.[5]

History

[edit]

Atlas has invested in over 150 life sciences startups since it began investing in the sector in 1990.[citation needed] Atlas invests in a range of therapeutic areas and modalities, including immuno-oncology, autoimmunity/inflammation, neuroscience, gene/cell therapy and editing, and anti-infectives. Atlas' current portfolio comprises biotech companies including Accent Therapeutics, Aerovate Therapeutics, Affinia Therapeutics, Akero Therapeutics, Arkuda Therapeutics, AVROBIO, Be Biopharma, Chroma Medicine, Day One Biopharmaceuticals, Disc Medicine, Dyne Therapeutics, Generation Bio, HotSpot Therapeutics, Ikena Oncology, Intellia Therapeutics, Kinaset Therapeutics, Korro Bio, Kymera Therapeutics, Mariana Oncology, Matchpoint Therapeutics, Nimbus Therapeutics, Pheon Therapeutics, Obsidian Therapeutics, Q32 Bio, Rectify Pharmaceuticals, Remix Therapeutics, Replimune, Scorpion Therapeutics, Sionna Tehrapeutics, Synlogic; Third Harmonic Bio, Triana Biomedicines, Versanis Bio, Vigil Neuroscience, and Xilio Therapeutics. Notable prior exits from Atlas’ life sciences portfolio include Actelion, Adnexus Therapeutics, Alnylam Pharmaceuticals, Annovation Biopharma, ArQule, Arrow Therapeutics, Arteaus Therapeutics, Avila Therapeutics, Cadent Therapeutics, Disarm Therapeutics, CoStim Pharmaceuticals, Crucell, deCODE genetics, Delinia, Exelixis, IFM Therapeutics Inc., Micromet, Momenta Pharmaceuticals, MorphoSys, Nimbus Apollo, Novexel, Padlock Therapeutics, Rodin Therapeutics, Stromedix, Translate Bio, and U3 Pharma.[6]

Originally formed in 1980 in Amsterdam as a subsidiary of NMB Bank, now part of ING Group, Atlas historically invested in both life sciences and information technology startup companies. In October 2014, Atlas announced its shift to a biotech-only venture capital firm, with the technology-focused investment team forming a new firm, Accomplice, to continue investing in information technology startups.[7][8] Previously as a diversified firm, Atlas had raised over $3.0 billion of investor commitments across nine venture capital funds. The firm raised $705 million for its 2000-vintage fifth fund, $600 million for its 2001-vintage sixth fund, $385 million for its 2006-vintage seventh fund, $283 million for its 2009-vintage eighth fund, and $265 million for its 2013-vintage ninth fund.[9][10] At its largest, the firm held European offices in London, Paris and Munich,[11] and a West Coast office based in Seattle, Washington, in addition to the Boston-area headquarters. Today, the firm operates from a single office in Cambridge, Massachusetts.[12][13]

In 2015 Atlas raised its first biotech-dedicated fund, Fund X, at $280 million. In 2017, Atlas Venture announced it had raised Fund XI at $350 million in capital to invest in early stage biotech companies in the U.S. and around the world.[14] In January 2019, Atlas Venture announced its Opportunity Fund I raised $250 million.[15] In June 2020, Atlas Venture announced its Fund XII raised $400 million.[16]

References

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  1. ^ "Atlas History - Atlas Venture". Atlas Venture. Retrieved 2017-10-25.
  2. ^ "Atlas Team - Atlas Venture". Atlas Venture. Retrieved 2016-03-15.
  3. ^ Exclusive: Atlas Venture is splitting up. Fortune, October 2, 2014
  4. ^ Atlas Venture Announces $450 Million Fund XIII.
  5. ^ "Atlas Venture Announces $300 Million Second Opportunity Fund" (Press release). October 1, 2021.
  6. ^ "Portfolio - Atlas Venture". Atlas Venture. Retrieved 2016-03-15.
  7. ^ "Atlas Venture: The Next Chapter - LifeSciVC". Life Sci VC. October 2, 2014.
  8. ^ Huang, Gregory T. (June 29, 2015). "FKA Atlas Has a New Name: Accomplice". Xconomy.
  9. ^ Atlas Venture Closes New Fund with $283M, Does the Staffing Shuffle. XConomy, January 2009
  10. ^ Atlas Venture aims for new $500M fund Archived 2012-10-04 at the Wayback Machine. Mass High Tech, November 6, 2008
  11. ^ Changes in the Atlas Venture partnership. Fortune, April 8, 2014
  12. ^ Atlas Venture ups sticks to Boston. Tech Crunch Europe, January 19, 2010
  13. ^ Atlas Brings Its European Ops Back to Boston. New York Times DealBook, January 20, 2010
  14. ^ "Atlas Venture Unveils New $350M Fund for Seed Biotech Investments | Xconomy". Xconomy. 2017-06-29. Retrieved 2017-07-26.
  15. ^ "As market shifts, Atlas Venture closes a $250 million fund to support its breakaway biotech bets". TechCrunch. 2 January 2019. Retrieved 2019-01-03.
  16. ^ de Crescenzo, Sara (June 5, 2020), Atlas Venture Raises $400M Fund to Seed Another New Set of Biotechs, Xconomy, retrieved March 17, 2021


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