.406 Ventures Closes Third Fund Over Target and Expands Investment Team

BOSTON, MA -- (Marketwired) -- 07/21/15 -- .406 Ventures, a Boston-based venture capital firm investing in early-stage innovative enterprise technology companies, announced today that earlier this month, the firm closed its third fund at $217M and that Payal Agrawal Divakaran has joined the firm as a Senior Associate.

Maria Cirino, Co-Founder and Managing Partner commented, "We are delighted to add Payal to the .406 investing team. She has exceptional experience as both an entrepreneur and a technology investor and shares our passion for helping entrepreneurs build world-changing companies."

Liam Donohue, Co-Founder and Managing Partner at .406 Ventures added, "We are equally thrilled to have closed our third fund, which was significantly oversubscribed, with our growing base of world-class Limited Partners, many of whom have been with us since our first fund."

".406 Ventures is a leading venture capital firm with a strong culture and a passionate team committed to helping entrepreneurs build great companies," said Payal. "The firm has deep expertise in its core sectors, and the Partners bring tremendous experience to the table. I look forward to learning from the team and having this opportunity to partner with and help entrepreneurs."

Prior to joining .406, Payal was at Harvard Business School (HBS), where she co-founded a company called SpotRocket to help job-seeking students discover high potential startups. She previously worked in Corporate Development at Eventbrite.

Prior to HBS, Payal was an Associate at Spectrum Equity, a technology growth equity investor in Boston with $5.7B under management. She sourced and executed deals in the software, information services, data/analytics, cybersecurity, and Internet segments. Payal started her career in technology investment banking at J.P. Morgan in NYC.

Payal received her MBA, with Distinction, from Harvard Business School and her BS in Electrical Engineering and minor in Management from MIT. Payal resides in Cambridge, Massachusetts with her husband.

About .406 Ventures .406 Ventures is an early stage technology venture capital firm investing in enterprise technology companies founded by visionary entrepreneurs. .406 Ventures was founded in 2005 and has ~$600M under management. The .406 Ventures team is comprised of entrepreneurs and operators who became investors to apply real world experience and strong company-building skills to create value for entrepreneurs and LPs. The firm leads, or co-leads, first institutional investment rounds in market-changing Enterprise IT companies and world-class operators, who move quickly and embody successful entrepreneurial DNA with their passion, creativity and endurance. http://www.406ventures.com

Learn more about: .406 Ventures

.406 Ventures
617.406.3300

Source: .406 Ventures

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