IDG Ventures Boston changes its name to Flybridge Capital — and raises $280M
IDG Ventures Atlantic, a Boston-based venture capital firm that once relied on the major publishing company IDG as its main source of financial backing, has changed its name.
It will now be called Flybridge Capital, to reflect the fact that it has a variety of investors, and that IDG is no longer the leading investor. The firm also announced today it has raised $280 million more for its third fund, to invest in early-stage companies in the consumer, healthcare and information technology industries.
The name-change of the firm, founded in 2001, will also help distinguish it from other venture firms carrying the IDG name — all of which affiliated with IDG is some way.
Limited partners include Princeton University, the Alfred I. duPont Testamentary Trust, AlpInvest Partners, FLAG Capital Management, Grove Street Advisors, HighVista Strategies, Knightsbridge Advisers, TrueBridge Capital Partners, and VenCap International.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












