Flybridge Capital Partners is an early stage

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm with offices in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

and

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

History

In 2001, Flybridge Capital was founded under the name IDG Ventures Boston, an international venture investment branch of the International Data Group (IDG). In 2008, the company renamed itself Flybridge Capital Partners after announcing its third fund, for $560 million in assets under management. IDG was no longer the lead investor, while

Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

became a limited partner. The general partners in 2008 David Aronoff, Jeff Bussgang, Michael Greeley, Chip Hazard and Jon Karlen. Flybridge invested in healthcare,

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of Data (computing), data . and information. IT forms part of information and communications technology (ICT). An information te ...

, and consumer companies. Flybridge Capital Partners sponsors a student scholarship program for

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college students to foster entrepreneurship in the local business community, called Stay in MA. It was started in 2008. It raised about $200 million for a third fund (second under the new name) in 2012, and about $125 million for a fourth fund in 2014. Greeley left the firm in 2013, and Karlen left in 2014. Jesse Middleton, previously a founding team member of

WeWork WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locatio ...

, became a general partner in 2016, based in New York City. In 2020 Flybridge announced that Anna Palmer, the co-Founder of XFactor Ventures and Dough (a Flybridge portfolio company), joined the firm as a general partner.

References

{{Private equity and venture capital Financial services companies established in 2001 Venture capital firms of the United States Companies based in Boston